Anarchy is no ruler. Doesn't mean no rules.
Private property and the respect is a rule.
Bad people will always exist.
Also how else would I hide what the gift for my (future) gf is if not for Monero?
Anarchy is no ruler. Doesn't mean no rules.
Private property and the respect is a rule.
Bad people will always exist.
Also how else would I hide what the gift for my (future) gf is if not for Monero?
She could just not stalk your transactions.
Monero enables the trade of sex slaves.
Public transactions helps prove private property right. If everyone knows you have 5 bitcoin for a house, then it cannot be disputed.
With no ledger, you could pay 5,000,000 Monero or whatever for a house, and the seller could simply say you didn’t, and there would be no grounds for dispute.
I actually think Monero has a ViewKey for transactions that could be used for such scenarios.
Bitcoin already has bad actors. I think this is a pretty low bar of argument.
I was thinking you where smarter, but I was wrong 🫤
They're called viewkeys.
Monero is optionally transparent. That's how you would prove you sent the payment.
Btw seeing 5 Bitcoin move from one address to another proves nothing by itself. There's nothing on the blockchain that says "this proves it was for a house" or "this address belongs to the person selling me the house". Seller could simply say you didn't either: "Sorry, you mustve sent it to someone elses address by mistake. Tough luck."
You just contradicted yourself saying transparency opens you to attack. How does an unrelated third party know who a wallet belongs to?
No I didn't. If you merely did what I said above you could easily be scammed. I would assume both parties are identifying themselves if they're making a transaction that large and getting contracts/lawyers/notaries (third parties) to confirm addresses to identities, but all that occurs off the blockchain.
Transparency does open you to attack. The difference is Monero is optionally transparent, only if you want it to be, and only for a specific transaction. Can't do much with just that. They still don't see your balances or who else you've transacted with. Bitcoin is always transparent and you're tying your identity to your history and future transactions that have nothing to do with those counterparties and third parties you're involving.