> And then, they wonder why people are being driven to use Cryptocurrency...
If only. Normal people are only buying crypto to speculate. They drive the price up to absurd levels and then write it all off as a scam when it corrects. Meanwhile good technology like Monero remains marginalized instead of replacing the USD as it should.
You seem to be speaking for ... a lot of people you can't possibly know -- such as me, and every person I work with and deal with on a day to day basis in the Crypto R&D field.
As for Monero -- don't complain, let's bring it mainstream by building something. Specifically: something that state-level interference can't stop, even if they're quivering in rage that it exists!
That's what us "speculators" who code every day on large-scale Cryptocurrency decentralized systems are doing...
> such as me, and every person I work with and deal with on a day to day basis in the Crypto R&D field.
You ended up proving my point. Normal people don't research or develop cryptocurrency technology, they buy and sell it on Binance. It's hard enough for people to understand BTC, the altcoin situation is next to hopeless.
> As for Monero -- don't complain, let's bring it mainstream by building something.
I've gotten paid anonymously in XMR for a small programming task. It was a wonderful experience, I wish everybody would pay me that way. The technology already already works. If anything still needs to be built, it's even stronger privacy guarantees against the perpetual government encroachment.
This is a social problem. How do we get people to drop USD and start using XMR instead? It's a form of the ages old circular logic problem of bootstrapping: nobody uses it to buy things because nobody accepts it, and nobody accepts it because nobody uses it to buy things.
Always kind of wondered why monero onlyfans or state weed hasn't happened much. Work that is legal, but the financial system makes an absolute bitch to actually financially transact for.
I'm wondering to this day. Prudish financial institutions refusing business to "questionable" businesses are one of the problems cryptocurrencies were intended to solve.
But when I suggested that here I got called out for it. No idea why there was so much hostility.
I wonder what else you don't fancy. I mean, your argument is essentially the financial version of the "terrorists and child molesters" argument. Do you also support mandated cryptography backdoors because cryptography also protects criminals?
All this mandatory financial reporting for "anti-money laundering" purposes or whatever is just the financial arm of the global panopticon. You're defending total global surveillance and control. You're advocating giving up freedom for security.
If only. Normal people are only buying crypto to speculate. They drive the price up to absurd levels and then write it all off as a scam when it corrects. Meanwhile good technology like Monero remains marginalized instead of replacing the USD as it should.