Nice to hear someone say the quiet part loud. Could you tell all the rest of the most-of-us to be honest about that too? It'd save me a lot of time in conversations where people refuse to consider any Bitcoin alternatives because they'd lose money if people started to switch.
This seems a little ironic after complaining about shilling.
Monero's technology enables private and untraceable transactions. It's amazing and I own some just because of that property. Seems to be the only cryptocurrency that still aims to be an actual currency.
You're right about the altcoins though.
Not exactly. The decoy inputs/outputs provide some plausible deniability when you look at a transaction in isolation, but over repeated transactions it gets gradually lost. It's not enough to pin you as a criminal with 100% certainty, but it's enough for the police to keep an eye on you and wait for you to slip up.
Doesn't this require an exchange to provide external information? It is my understanding that it's impossible to correlate transactions using blockchain analysis alone.
or a donation address, or a cooperative counterparty when you buy/sell something (think darknet market that got radided, or a payment processor that sells its transaction information).
That, combined with the privacy makes it seem really usable. I’d love a way to make cheap, private, digital payments
Given that the technology determines the timeframe over which you can make money, this seems like a weird position to take.
Not saying you're wrong, but this feels like every subreddit dedicated to a crypto.
You have NanoTrade where these things are discussed, and you have NanoCurrency where Nano itself and adoption is discussed.
And, just fyi, Nano is not made of users. Go to its reddit and you will see everyone shilling it and having price targets on it. Stop giving such these weak arguments - most of us are in here for the money and don't give two hoots of the technology.