Do you think the level of privacy #Monero provides can also be its downfall? Total anonymity sounds great, but it can be used for illegal activity. Also the size of the transaction is much larger because of the privacy it provides.
MoneroNodo is an interesting #Monero project. It’s a built-in Monero node that makes running your own node as easy as plugin a cable. It is #Tor enabled, optimized for speed and even has a screen so you can consult the block explorer on the device. This is the kind of initiative the #Crypto industry needs the most to democratize decentralization and self-custody! You can pre-order one here https://moneronodo.com/
Also here is a good interview of the team behind the project: https://odysee.com/@MoneroTalk:8/monero-nodo-a-plug-play-monero-node:6
Discussion
In general, I think #Monero lags in terms of usability vs other #crypto but leads in terms of #privacy. Built-in privacy is going to be a characteristic that is going to be increasingly sought after with the implementation of #CBDC. So I could see Monero being the target of governments leading to more exchanges delisting while gaining grassroots adoption. In my opinion, this wouldn’t constitute the downfall of Monero but rather demonstrates that Monero is the king for private transactions.
Criminals also breathe air, why don't you stop breathing then?
What an absolutely idiotic take 😆
It’s a valid assumption and bringing it to mass scale I’m sure others would think the same. Doesn’t mean it shouldn’t be implemented.
An idiotic take is not presenting your own counter ideas and calling someone’s thoughts idiotic. Be better bruh
I rather everything be transparent on a mass scale. However, When dealing with things like addresses, private information, and sometimes even full names to avoid doxing it makes sense.
Not anywhere did I say it shouldn’t be used at all.
I understand your point about transparency that said the supply of #Monero is cryptographically verifiable. I think it’s very difficult for an average user to use transparent cryptos in a private manner. Most people wouldn’t feel comfortable transacting #crypto in-person if they can’t keep their balance and transaction history private from others.
By the way if you’re interested in a deep dive on debunking #Monero critics (such as “the supply of Monero can’t be audited”), I recommend this debate between Seth and Giacomo. Here is part 1 of 3. https://odysee.com/@MoneroTalk:8/a-thorough-critique-of-monero-with:3
This makes perfect sense. The government overreach will happen regardless. Every technology has its use cases, some requiring transparency while others privacy. We need them all. #Monero is def worth taking a look into.