Yeah sure, i get that part. I would not do that let’s say. But there is no guarantee that the person/total stranger i paid will not deposit at some point, right?!? Thats the bottleneck in this scenario…

Ok, but that’s not really the answer i was hoping for :)

Yeah, the EU especially since 2008 has been a slow growing monster of non transparent non democratic bureaucracy and more and more serving huge holdings and companies instead of the initial idea, their citizens … but i d argue also good things happened, like free travelling which gives a feeling of an united Europe, appreciating all differences too. Sad that politics and corporate power have drained all of this potential so far…

This situation is sad but actually good for your statement that people will want that much more urgent and earlier… so my question… does BTC provide this already? I mentioned the problem of onramping and exiting, once a circle closes, money/btc can be traces right?

Seller and buyer would only be safe if the seller uses a fresh nonKYC wallet and would never deposit… but how to trust someone unknown he won’t…

How does that happen now for let’s say people in the EU? Every Exchange nowadays requires details about who you are withdrawing your sats too. (Shitcoins too)

If i send someone sats or receive them from someone I don’t know the name of… once i deposit them, the state’s financial department would technically know who paid me, when i still don’t and never will, cause they can track all steps.

Please enlighten me if this is the case or if i am missing something here?

😂

A Kilim and a Hali! Nice BTC tones they have 🟠😉

On the other hand… BTC here doesn’t include LN Transactions, right?

No Monero? Is the transaction volume known?

Play defense!

So BTC just lies on exchanges and doesn’t move?… and everyone one is basically dealing paper BTC with their fiat. In this case might the BTC also be paper BTC?

Interesting. We will see about that :) someone would just do an monero etf and tell people to believe it and enough buyers will be found :)) same type of btc etf buyers… they know better, but do it anyway 😅

Yes i was wrong here! Also no prob with monero.

So what else would be a good point?

Your response was to openmonero right :) ? Cause I didn’t get his statement either, which was:

“cakewallet knows your private key. It does not make any sense to call it self-custodial. It is basically a hot wallet”

??? A hot wallet can be self-custodial, so where is the problem…

Then why does @openmonero say cake knows the key?

Because they suggest them to you and he means that you should be able to “dice” them yourself for it to be really self custodial?

Or how was it meant?

Cake wallet knows it/have access to although they claim they don’t?

So what is the better wallet option? (Beside cold ones)

So even if you don’t see the outs, a decreasing or increasing amount could immediately be noticed, correct? … in that case you can argue that you don’t need to show the outs… but would be fine to have the choice on the other hand…

That’s interesting! The principles are the same as with BTC, right?

So, there are devs working on the monero core/protocol… and it needs the consensus of all monero miners and nodes to be updated when the new software is deployed for for example a change that you mentioned above. Your mentioned change sounds like a hard fork? Would it be?

So is it similar to BTC in having a Layer 1 and 2 such as LN?

Thx! And who gets the BTC when I swap, other users or is it the wallet provider?

By the way, let us say some private or commercial person or entity adds monero to its reserves and wants to make it public and ensure the people that they really have the coins because of some part of a Business plan… could they do that or is monero 100% untraceable so that this can never be done?

How about being able to know if any entity, state or business owns the coins they say they own? With monero not possible as I understand it.

Thanks man, but where would you buy since the travel rule is active everywhere? Or are xmr coins not traceable once you withdraw them from an exchange?

Let us know