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? :)
The only thing that has worth is physical. Pay me with pretend digital bit coin when I need water, bullets or food? Bitcoin is digital which means someone somewhere can wipe it out in some keystrokes. Gold, silver, lead, powder, toilet paper, etc., are the currency, plus bartering. This is if the shit really hits the fan. I’ll hold on my physicals thank you
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? :)
The only thing that has worth is physical. Pay me with pretend digital bit coin when I need water, bullets or food? Bitcoin is digital which means someone somewhere can wipe it out in some keystrokes. Gold, silver, lead, powder, toilet paper, etc., are the currency, plus bartering. This is if the shit really hits the fan. I’ll hold on my physicals thank you
If SHTF, no doubt. I’ll trade you 3 rolls of tp for your chicken. Best offer I can give. :)
In the meantime, the dollar is debasing, meaning you get to buy LESS tp, ammo, gold, etc.
But really … if shit smashes the fan and flutters in all directions, gold is worthless. Ammo, food, medicine will be worth far more.