How do people feel about banks, credit cards, PayPal, various government agencies all getting involved with #Bitcoin ?

Doesn't it make you nervous that the "system" is getting intertwined with it -- with their greedy and suspicious eyes all over the blockchain?

The way I see it, they didn't create this open source code, so they shouldn't have their invasive, identifying, regulatory, taxing fingers in it.

I wouldn't want them monitoring my leather wallet to track any dollar bills that may have been in it or to see who I paid how much to at what farmers market for a dozen ears of sweet corn.

These are some of the thoughts that lead me to be attracted to #Monero. It's still "freedom money," but even more free (without the surveillance and regulations and the threat of unjust taxation to fund absurd or immoral govt projects). Thinking big picture here.

Reply to this note

Please Login to reply.

Discussion

One more question for self-reflection:

If one Monero was worth $100.5k and was projected to be $500k in two years, would you be interested in getting some?

If so, then maybe your motive isn't purely freedom, but quick wealth.

It's worth asking oneself.

i'm afraid, but i have hope 🤞

Maby could be a good idea push more wallets to implement BIP-352 silent payment. It should be more private than monero payments. As more people use it, as more difficult it will be to distinguish payments. Currently only available on cake wallet I think.

Silent Payments are the equivalent of Stealth Addresses on Monero. It's only 1 of 3 things you need ton hide a transaction (receiver, amount, sender)

An improvement without a doubt, but it's still missing hiding of amounts and senders