⚖️ The 1792 Standard:

The Act was designed to ensure that every unit of U.S. money had:

1. A fixed, known metallic content (e.g., 24.75 grains of gold per $1).

2. A clear, verifiable identity to prevent counterfeiting.

3. A guarantee of value by the government, making debasement (diluting the metal content) an act of treason.

❌ Why #Monero Fails the 1792 Test:

Monero's core feature—absolute, protocol-level privacy and untraceability—directly violates the foundational principle of the 1792 Act: monetary transparency and verifiability.

· You cannot audit its supply. There is no way to independently verify that the total supply of XMR is indeed capped and that no invisible inflation is occurring. This is the digital equivalent of a mint operating behind a black curtain.

· You cannot verify its "coinage." The Act required every coin to be identifiable and authentic. Monero, by design, makes every transaction and every unit fungible and untraceable, destroying any ability to conduct a public audit.

· It operates outside sovereign attestation. The U.S. government put its seal and reputation on its coinage. Monero explicitly rejects any need for a trusted authority, making it impossible for any state to vouch for its integrity.

In the eyes of the 1792 law, Monero isn't just another competitor—it is the ultimate form of "counterfeiting" because it makes the verification of authenticity impossible by design.