What do you think about Monero’s inability to scale to support all commercial transactions. Is the goal to fix this at some point?
“Monero has assumed the role that Bitcoin once hinted at in its earliest days: private, peer-to-peer electronic cash.”
https://mises.org/mises-wire/privacy-and-fungibility-forgotten-virtues-sound-money
Discussion
It will scale when it must or eventually a better coin will replace it.
Seems hard for any L1 with really good privacy to scale to VISA levels due to the encryption overhead. I’m thinking that practically you need either a solution where you use a high provacy chain for important transactions and you pay more and a low privacy chain for cheap transactions (what do I care what people know about my grocery purchases.) Either in a single Tech or mix and match chains per use case. Would love it if some amazing solution were to emerge that makes it possible all in one L1 like Monero or ZCash though.