I've been digging into XMR a little bit more, the privacy layer seems interesting, I have to dig in more but a couple things stand out to me.
No max cap -- this essentially makes XMR a FIAT crypto analog, there is no protection against inflation.
The value exchanged/store (e.g. USD to XMR) could implode at anytime. This is a red flag for me.
XMR as a medium of exchange is interesting though, but no different than you and I exchanging/bartering any form of digital good (game items, digital book w/ password, a service, ...). However, we both need to agree that XMR is the medium of exchange.
Grayscale XMR trust -- imo no institution would ever get involved with 'privacy coin' unless there was some way to satisfy regulatory requirements. Something is off on this one. Once you pay for something using XMR, and that business is regulated, you've lost your privacy.
What do you think?
I think the only solution to privacy in this 21st century world is the barter system ... everything else is too easy to track. Once the Gov has it's sight on you, you're done. have you seen what Anons can do? :)
So would the next step be the government controlling you even being able to use your digital money if you misbehaved on the Internet?
I've been digging into XMR a little bit more, the privacy layer seems interesting, I have to dig in more but a couple things stand out to me.
The value exchanged/store (e.g. USD to XMR) could implode at anytime. This is a red flag for me.
XMR as a medium of exchange is interesting though, but no different than you and I exchanging/bartering any form of digital good (game items, digital book w/ password, a service, ...). However, we both need to agree that XMR is the medium of exchange.
What do you think?
I think the only solution to privacy in this 21st century world is the barter system ... everything else is too easy to track. Once the Gov has it's sight on you, you're done. have you seen what Anons can do? :)
Monero is crap to work with. No native Ledger app. You have to use and external monero application to get your coins.