/biz/ - Business & Finance

Monero's biggest flaw is precisely its anonymity. There are several important uses of money that are impossible to go forward if the economy is black box.

Think of it this way: you don't want to be fucked by Joe Biden; why would you want him to have a black box wallet since you'll have no idea what's going on?

View-keys don't cut it since he could send it to another black box etc.

Wish i listened to Mental Outlaw and bought at $100

>>50627705
Exactly. Fuck your interests swinepig piece of fucking shit.

>>50627705
Having a currency where every transaction is traceable is not appealing whatsoever. I don't want my friends to know i bought 4 flashlights this month

>>50627744
*fleshlight

BTW

Stoya = Mini Lotus > Heavenly > stamina training unit

There are “people” RIGHT NOW that would literally lose their grip on reality in piss shit and anger if you went private with YOUR OWN ASSETS

>>50627744
>>50627751
Point is you can't have a black box economy either; people are scared of the "jews" now; imagine what would happen if everyone could just move gigantic wealth around without even having a hint on it.

There are technologies by the way of full anonymity on other coins by the way on demand.

Maybe the future is on elective anonymity because forced-anonymity is just a non-starter.

>>50627705
where is the flaw exactly?
>muh joe biden
widespread adoption of XMR to the point that this senile fuck is using it means that it is so widespread that taxation is effectively impossible, who cares about that faggot

>>50627705
Fluffypony has so much xmr that he """lost""", why would you wait to get dumped on .. if you buy you're just participating in his ponzi scheme

>>50627789
>Point is you can't have a black box economy either;
Yes they can, fuck you fedboi
>imagine what would happen if everyone could just move gigantic wealth around without even having a hint on it
massive decentralization of power / violence
opposite of what you probably imagine.

>>50627789
We will be fine without jews and the government tracking our every purchase. We don't need tracking. We don't need a central bank. We don't need you and your Jewish ideas

>>50627705
you still know the max supply of monero, no wallet is a "black box"

>>50627790
>>50627801
>>50627807
>>50627814
A head of a country was just an example. Brainlet /pol/acks are scared of "the jews" now; imagine what would happen if any kind of wealth could just move around inside a total black box; people would never allow it at a totalitarian scale.

Maybe the future is in a partial use of the technology.

Offer transparency normally but not always.

>H-HOW COULD WE TAX YOUR INCOME IN A BLACKBOX ECONOMY
fuck it im starting my XMR DCA tonight

>>50627821
> "the jew" can't use anonymity, only I will benefit from it
you're a sheep

>>50627832
>Oy vey the goyim knows

>>50627807
but who will steal 70% of what you earn and then inflate whatever remains into oblivion ?
>>50627817
>people would never allow it at a totalitarian scale
lmao, you know nothing, pic related
>"the jew" can't use anonymity, only I will benefit from it
widespread adoption = taxation is now economically impossible
you want to end the status quo or not, faggot ?

>>50627869

>>50627832
>jews can't be allowed financial privacy and therefore no one should have it
Authoritarianism sure is something

>Money *must* be fungible to work
Would you not say that cash has demonstrably worked as money? We've used it successfully for several centuries, whether you think there are disadvantages to it or not. Yet they are not fungible by this definition, because they have unique serial numbers, and also can be physically traced through various means such as marking, and also are hard to transfer anonymously because you usually hand them over in person.
Hence the argument is demonstrably false.

At best you could argue that full fungibility has some advantages, not that it MUST be present.

>>50627817
>dude you dont understand money doesn't work unless all transactions exist on a completely public auditable ledger! forget the fact we used silver and gold as money for over a thousand years with no problems!

>>50627884
*Mike Maloney voice*
Cash is not money, it is currency

>>50627888
Kek the fed Jew disappeared after that

>>50627883

>>50627651
Moot points. Too hard to use. Normies can barely figure out how to use Coinbase. Good luck with your hobbyist token.

>>50627866
>>50627869
>>50627883
>>50627888
>>50627919
desperate bagholders and shills, you effectively promote a totally anarchistic society; nothing public; everything on the individual.

if you think "the jews" you so hate aren't going to RAPE YOU IN THE ASS even more that way: you're monumentally deluted.

But I know most of you are coin bagholders and don't really believe that shit or I hope you're not that brainlet.

>>50627956
>you effectively promote a totally anarchistic society; nothing public; everything on the individual.
yes, now fuck off

>>50627956
>h-how can society function without a traceable taxable ledger! Because that would totally change how the government does corrupt shady shit in cash!
Retard brainlet.

>>50627970
>>50627975
just saying if you're not just a desperate bagholder shill: you're totally stupid.
currently: the "jews" you so hate have most of the health already.

you totally black box society will create an extreme advantage to them precisely because of that combination.

they'd be raping you in the butt for a while until you realize how stupid you were to hand them that power on top.

>>50627970
>>50627975
just saying if you're not just a desperate bagholder shill: you're totally stupid.
currently: the "jews" you so hate have most of the wealth already.

your totally black box society will create an extreme advantage to them precisely because of that combination.

they'd be raping you in the butt for a while until you realize how stupid you were to hand them that power on top.

>>50627982
Ah yes because we can totally trace the jews finances as of now lmao

>>50627995
you can TRY at least, it's not totally a black box.
It's like saying "biden is so oppressive to me" and then electing a hitler or a stalin to save you.

>>50628002
>pretending cash isn't traceable
>le XMR is Hitler
Alright, jew. You convinced me to huy Monero

>>50628013
*is

>black boxes matter

>>50628013
>>50628019
you can do whatever you want with your pedocoin retard, just saying your thesis is absolutely retarded.

you can't hate "the jews" and then hand them all that power to rape you in the ass even more.

>>50628066
>Monero is Pedo Hitler!!!!
Fucking glowie

>>50627982
>muh jews
>less governments = more concentration of wealth
found the economically illiterate
>you can't hate "the jews" and then hand them all that power to rape you in the ass even more.
all that power of not being able to leverage my own capital against me
how about you go read a book instead, you absolute retard, mh, how about that ?

>>50628081
>>50628107
let's say you retarded stupid fucks are not desperate bagholders of the pedocoin and you actually believe you will get power away from "the jews" that way.

how the fuck will there be distribution of wealth from "the jews" to you you stupid retards when they already hold multiples upon multiples of the wealth over you?

are you saying you're gonna way for a few MILLENIA for all their ancestors to lose all that wealth when currently big banker families exist for centuries already?

>>50628081
>>50628107
let's say you retarded stupid fucks are not desperate bagholders of the pedocoin and you actually believe you will get power away from "the jews" that way.

how the fuck will there be distribution of wealth from "the jews" to you you stupid retards when they already hold multiples upon multiples of the wealth over you?

are you saying you're gonna wait for a few MILLENIA for all their ancestors to lose all that wealth when currently big banker families exist for centuries already?

>glowie is still pleading
Now its just pathetic.

>>50628158
> please leave me alone to be raped in the butt by "the jews", even though my thesis is absolutely retarded, and I just hand them over even more power to rape me in the butt.

>>50628140
why do you keep talking about jews
this is a monero thread

>thinks he's debunked anything with his "MONERO IS PEDO HITLER BLACKBOX LE BAD PAY TAXES GOY LET ME TRACE YOU" argument.

I miss when glowies weren't mentally retarded. Government diversity hire ITT

>>50628158
I think it's just shills paid by people who need liquidity to get rid of their bags

>>50628158
Oh wait, you're a monero shill too kek

>>50628140
Without employees they hold dick and all people using other currencies other than theirs would undermine their monopoly. The issue is not to have a new monopoly currency instead of another but develop multiple niche currencies that support like minded acquaintances and friends in that niche. An artist's coin, an engineering coin etc with branching outs spawning out of these whenever a new specialized localized one is wanted or the previous one becomes compromised by unwanted parties having too many of them by presumably wicked means. True freedom from conglomerates. Societies not society. Coins not coin. Liberty not liberties.

>>50627705
>>50627789
>>50627817
>>50627832
>>50627883
>>50627956
>>50627993
>>50628002
>>50628066
>>50628140
>>50628167
GTFO NIGGER
If you don't like it then don't use it and fuck off from this board.
>BBBBUT MUH JEWS
Yes, they are fucking people too, and can have privacy. Democratic system is built on trust.

>>50627956
GOOYYYYY REEEEEE SAM BANKMAN FRIED WHERE ARE YOOOUUUUUU

the satanic pentagram is a symbol of secrecy because a closed circle encircles knowledge.

religious of good only had the sun as the antithesis: projecting that knowledge.

hence secrecy is unironically and religiously and historically evil.

>>50628273
>after being le hitler pedo coin it's literally satan

>>50628301
> closed source is good bro
> letting "the jews" having full secrecy will totally take the power away from "the jews" bro

I sincerely hope you're just a desperate bagholder otherwise that'd make you irreparably stupid.

>>50628301
SAM BANKMAN FRIED REEEEEE

>>50628301
Don't buy XMR goy its LITERALLY Satan Hitler Stalin Pedo coin. Also jews like it!!!!

>>50627651
>money must be fungible to work
>every fiat note has unique serial number

>>50627651
>Why are you retarded?
I thought that if they put memecoins in vr chat with vinu everything would be easier, it's the same emotion that made me buy cyberpunk 2077