"Knives shouldn't be allowed because people do bar things with them"
Discussion
Meant to respond with this here
#[3]
I’m just telling you reality. There’s a reason exchanges won’t touch monero directly.
Some do, like Kraken
Monero has the ability to reveal transaction information if things like view keys are provided.
The reason for that is that crypto is primarily a vehicle for financial speculation today, not as a transactional currency. Exchanges primarily serve speculators. The reason crypto isn't used as a currency is because most people don't see a need for it. If the need for crypto as transactional currency comes to fruition, then that reality changes. People will demand privacy. People and businesses aren't going to want to use money that shares extensive information about themselves with everyone they transact with.
Sorry, but you’re wrong. They won’t go near it because regulators are telling them not to, and because of their own internal risk assessments. https://decrypt.co/36731/heres-why-coinbase-still-hasnt-listed-monero
You are right that nobody uses crypto as a currency tho.
We don’t need an exchange. We don’t need banks for that matter. If we remove banks and their profit mongering we’ll actually be able to afford a house and build wealth at the same time. Owner will carry. #burstthebubbles
Eh, I don't think this disproves my point. I'm well aware. I'm arguing that top down control is working here and will continue to work so long as people and businesses don't have significant demand for crypto as currency.
And if that demand comes to fruition, the benefits of privacy become exceedingly clear while the cons you mention of cons people benefiting will be clearly outweighed, the same as with knives.
Cons of bad people benefiting*
It does disprove your point. They would happily list it if they could, why wouldn’t they otherwise? I’m sure they’d love to charge fees and so on.
It has nothing to do with demand in the market for a privacy coin.
They don't list it because they calculate the misguided regulatory risk outweighs the benefit. I also think it's in their business model to curry favor with regulators and establish government enforced moats around their business, but that's a separate tangent.
Their calculation changes if demand for crypto as currency increases. Only at that point will the benefit clearly massively outweigh the cons.
Feels like we're going in circles at this point. I don't think we really disagree that much, just arguing to argue.
I’m guessing most of those reasons are the very reasons people should use it as currency. Monero happily accepted here, and BTC of course.
If not guns, then knives, if not knives, then rocks, if not rocks, then a quick twist of the head or a strong grip on the throat. Fix scarcity and put an automatic gun in every home.