You're linking an out of date paper from 2017 lol
Everything mentioned in it has long been resolved
Monero is scarce it just doesn't have a fixed supply. Economic scarcity implies only that it is not available in limitless supply and is in demand.
Well, I would direct you to this about the privacy claims of Monero: https://arxiv.org/abs/1704.04299
Secondly, the fact that it has an unlimited supply makes it by definition abundant and not scarce. Scarcity is one of five primary attributes of money.
So, if XMR can't be private and it can't be money, I don't think it would be a very good private money. But like I said before, I don't care to talk about Monero any more than I care to talk about the Nira from Nigeria.
My entire gripe was the fact that people want a monetary asset to be private, it can be psuedononymous but never private because of how money functionally works. The currency layer(layer 2) is the layer with which velocity, transferability, and anonymity should exist. The same way cash does for the dollar (prior to 1971). I study economics, and I know more than average about coding. This crowd seems to skew too heavily toward the coding cleverness than the economic ramifications of what a digital money MUST have to be a viable option for the future.
Discussion
Okay, leave the economic definitions to me. Scarcity is based on supply not demand. Just because I have only made one painting due to the demand of one customer doesn't mean the painting is scarce as I can create as many as I'd like with the rising demand. Monero is not scarce.
Secondly, you said you would give your reasoning with your refutation. Out of date isn't a reason. Which fork of Monero has fixed all of these issues? Specifically the 0-mixin Txns that are identifiable.
Monero is scarce. It's limited in supply at any moment AND under demand.
I think you're confusing me with someone else. That was my first comment in this thread I have no clue what you're talking about claiming I was going to give a "refutation"
If you're the economics guy please leave the Monero talk to me because you clearly have zero clue. A standard ring size is now enforced by the protocol and has been for a very long time. There are no 0-mixin transactions. And all this long defunct criticism only ever applied to sender privacy.
yeah my bad, since I was asking someone specific questions I assumed they were responding not someone not even in the conversion.
the point made earlier was that 0-mixin coins still exist and therefore reduce the privacy of future transactions with those coins. either way, I don't care about that shitcoin and I am tired of talking about it. have a good one.
Dude everyone responds to everyone unsolicited. It's Nostr. You did so yourself under Simplified Privacys thread. But whatever its fine.
All those old 0-mixin coins have to do (which had to be done manually and intentionally by those users in the first place) is make a single transaction and their sender privacy is no longer exposed.
Hi, that’s probably me y’all are talking about I was at my fiat job.
I’ll reply when I get home 👍.