End of hour

NO

End of the week

In the absence of law, is there any good reason to have curtains over your windows?

Maybe I don't want my wife knowing about a surprise gift I bought her. Or my grandmother knowing I bought drugs.

Privacy and law have little to do with one another.

99.9% of people don't and won't use Bitcoin other than a speculative investment. Bitcoin transactions on white markets make little sense, since you're following the arbitrary rules of the state on there anyway, why no just use fiat for that? faster, cheaper, not taxed, no regulatory uncertainty, and much larger network effect.

It only makes sense when you want to make a transaction that breaks the rules and can't be stopped AKA free markets AKA black markets (doesn't necessarily mean immoral, just illegal for your jursidiction). And while you're making that transaction it only makes sense that you don't want the state to know who you are and what you're doing through anonymity and privacy.

99.9% of people don't and won't use Bitcoin other than a speculative investment. Bitcoin transactions on white markets make little sense, since you're following the arbitrary rules of the state on there anyway, why no just use fiat for that? faster, cheaper, not taxed, no regulatory uncertainty, and much larger network effect.

It only makes sense when you want to make a transaction that breaks the rules and can't be stopped AKA free markets AKA black markets (doesn't necessarily mean immoral, just illegal for your jursidiction). And while you're making that transaction it only makes sense that you don't want the state to know who you are and what you're doing through anonymity and privacy.

Gm ☕️☀️

You can't be serious, you have to be clowning dude.

If you kyc'ed for your Bitcoin and spend it at a known online retailer with a known wallet then yes it actually does.

Do you even know what you are saying 🤣

Does your bank tell everyone around you what you bought?

So because something can be used for bad it means that it's bad? This is your whole argument.

and all houses should be made of transparent material

to prevent people from doing anything "wrong"

because privacy only encourages "bad" behavior

You are legit trying to blame Monero for child prostitution, you do know Bitcoin and USD and EUR and RUB every other currency on the planet has been used for this right? You are out of your mind if you think XMR is the only currency that is used for bad things. This is again a case where the tool is being blamed for the evil of the user.

OK so you don't understand. Its not about supporting miners. I mean kind of, but not really. It's about what miners are, and who receives the benefit of their service and who pays for it.

Youre right, a capped supply supports holders. But who pays for securing the network? The people moving it, spending it, using it. Holders get their wealth secured, which is the only reason the bitcoin itself has value, that it is secure, a currency that can disappear in the night is worthless no matter how few there are in the world, without having to cover the cost of the security they receive, their cost is subsidized by daily users. In game theory we call this the free rider problem, something everyone benefits from but only a subset pays for. The game theory in systems like this is that everyone tries to become one of the people that doesn't pay and then eventually there's not enough people paying for the thing to keep existing to benefit people. There is no other outcome.

So there's an incentive in bitcoin to not spend, to only hodl. But if people don't spend, security goes down. And I've already establishes that security is the primary sales pitch that bitcoin offers. So ultimately, bitcoin's value is only its security level, and it's security is covered by a decreasing percentage of the userbase. This means security *must* decrease beyond some point, whicheans the value must decrease, which means the price must decrease.

So, how do you resolve this free rider problem, and get everyone to cover the cost of securing their assets without one person having an outsized unfair cost of doing so, without tinkering with peoples funds and having the the cost apply proportional to the benefit they receive? Well, the answer is of course, an emission. I can go into the different emission schemes with different benefits and problems, but those are kind of out of scope, if you're interested I'll go into it. Suffice to say, a capped supply coin, any capped supply coin, no matter what, will suffer from the free rider problem and eventually go to 0.

So you want to shame people into behavior that you deem acceptable just like the CCP got it. 🤣