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I read your comment. I just think you're wrong. I understand that for you, being able to secretly use your money has value. Setting aside the extent to which t
by wpietri 4y ago
I read your comment. I just think you're wrong.
I understand that for you, being able to secretly use your money has value. Setting aside the extent to which that may not make sense (money is inherently social), it's still not something most people care about. In the US, use of actual cash is declining rapidly, going from over 30% of payments to under 20% in less than a decade. In many countries, it's lower still.
I get that there are some people who have practical needs to hide their transactions. E.g., criminals. And there are some people who, as you, have an emotional or ideological desire for financial secrecy. But I don't think either group is sufficient to drive real adoption of cryptocurrency as a common payment mechanism. The former group is self-limiting; they attract police attention and regulatory scrutiny and create branding problems. And I think the latter group is too niche to matter enough to the rest of the payment market.
Maybe I'm wrong, of course, but after a decade of asking for real uses and getting back handwaving, I'm not sweating this one.