Well, I would direct you to this about the privacy claims of Monero: https://arxiv.org/abs/1704.04299
Secondly, the fact that it has an unlimited supply makes it by definition abundant and not scarce. Scarcity is one of five primary attributes of money.
So, if XMR can't be private and it can't be money, I don't think it would be a very good private money. But like I said before, I don't care to talk about Monero any more than I care to talk about the Nira from Nigeria.
My entire gripe was the fact that people want a monetary asset to be private, it can be psuedononymous but never private because of how money functionally works. The currency layer(layer 2) is the layer with which velocity, transferability, and anonymity should exist. The same way cash does for the dollar (prior to 1971). I study economics, and I know more than average about coding. This crowd seems to skew too heavily toward the coding cleverness than the economic ramifications of what a digital money MUST have to be a viable option for the future.
JackTheMimic
npub1m5…2glzq
2024-12-15 21:20:12
in reply to nevent1q…j8u0
Author Public Key
npub1m50e65pv09ga73lglrkjgh5tlgj006pv9rce8xdg7rn5kps38gssh2glzqPublished at
2024-12-15 21:20:12Event JSON
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"content": "Well, I would direct you to this about the privacy claims of Monero: https://arxiv.org/abs/1704.04299\n\nSecondly, the fact that it has an unlimited supply makes it by definition abundant and not scarce. Scarcity is one of five primary attributes of money. \n\nSo, if XMR can't be private and it can't be money, I don't think it would be a very good private money. But like I said before, I don't care to talk about Monero any more than I care to talk about the Nira from Nigeria.\nMy entire gripe was the fact that people want a monetary asset to be private, it can be psuedononymous but never private because of how money functionally works. The currency layer(layer 2) is the layer with which velocity, transferability, and anonymity should exist. The same way cash does for the dollar (prior to 1971). I study economics, and I know more than average about coding. This crowd seems to skew too heavily toward the coding cleverness than the economic ramifications of what a digital money MUST have to be a viable option for the future. ",
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