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Yes, this is the largest benefit of cash. It's cash. If it's in your possession it's yours. You spend it, and barring an incredibly sophisticated and targete

by phil21 9y ago

Yes, this is the largest benefit of cash. It's cash. If it's in your possession it's yours. You spend it, and barring an incredibly sophisticated and targeted program against you, it's not trackable. You can decide to give it to whomever you like, and no one can tell you no. The war against cash will end in tears, in my opinion. I simply don't know why everyone is running pell mell (and on HN - assisting in the building of) towards this cashless future where every single penny you spend is surveilled and gate-kept by multiple parties. At least Bitcoin gave us a glimpse of hope for "Digital Cash" but of course is very unlikely to turn out that way (plus it's proven pseudonymous is not anonymous enough).

Casseres 9y ago
That's why I'm interested in Monero. It's fungible and private, so nodes (master or otherwise) wouldn't know which transactions to block. If fiat evolves to digital-only, Monero will be the only digital currency you can spend without having banks or payment processors know all of your personal, financial details.
- phil21 9y ago
  I'm certainly interested in XMR (Monero) as the only other crypto aside from Bitcoin I think is worth paying attention to. However I don't think it's the final form. Some of the papers on tracking anonymous XMR transactions are a bit troubling, and I think there are some major scaling issues as well. Additionally all transactions must be anonymous or none are I think is a hard design goal. I can't say I've had enough time to really research it though - I like the goals behind the project, but think the execution may need some work.
  - Casseres 9y ago
    When reading those papers, pay attention to which transactions they are referring to. Some of the early transactions I believe are linkable, but the newer ones are not as RingCT and other features went from optional to mandatory. Check out https://getmonero.org/2017/04/19/an-unofficial-response-to-an-empirical-analysis-of-linkability.html https://getmonero.org/2017/04/19/an-unofficial-response-to-a...

by phil21 9y ago

Casseres 9y ago

That's why I'm interested in Monero. It's fungible and private, so nodes (master or otherwise) wouldn't know which transactions to block. If fiat evolves to digital-only, Monero will be the only digital currency you can spend without having banks or payment processors know all of your personal, financial details.

phil21 9y ago
I'm certainly interested in XMR (Monero) as the only other crypto aside from Bitcoin I think is worth paying attention to. However I don't think it's the final form. Some of the papers on tracking anonymous XMR transactions are a bit troubling, and I think there are some major scaling issues as well. Additionally all transactions must be anonymous or none are I think is a hard design goal. I can't say I've had enough time to really research it though - I like the goals behind the project, but think the execution may need some work.
- Casseres 9y ago
  When reading those papers, pay attention to which transactions they are referring to. Some of the early transactions I believe are linkable, but the newer ones are not as RingCT and other features went from optional to mandatory. Check out https://getmonero.org/2017/04/19/an-unofficial-response-to-an-empirical-analysis-of-linkability.html https://getmonero.org/2017/04/19/an-unofficial-response-to-a...