-6 upvotes, 1 direct replies (showing 1)
View submission: Monthly Optimists Discussion - February 2025
Artifical intelligence has already beat cryptography and is already used in asset tracking. In pusdonomnous wallets.
It's actually used by most people and publicly available to who use crypto as tax software.
Just because you have a single token that cannot be tracked. The rest of your wallet and its balance is.
To think you can slip a single token in unseen is foolish. If you operated purly on a wallet that is only ever involved in illicit activities and never touched a proper on or off ramp, maybe you could hide.
But that's only ever be good for buying pot.
You'll never use that income to buy a car, house, or even groceries.
The moment it's converted, you are spotted, and as compliance cracks down on defi and forces kyc complance, I would be curious to know how you are going to find more capital to infuse into the system, and what would prevent it from up cycling into just a few wallets that hold vs. Spend.
Monroe has already fallen flat on its face, and it only has further to fall.
Comment by the_rodent_incident at 01/02/2025 at 17:51 UTC
3 upvotes, 1 direct replies
You do not understand Monero's appeal at the fundamental level: private digital cash.
AI beating cryptography? Great, paste Binance cold wallet Bitcoin address into Chatgpt, and ask it to transfer 100,000 BTC to your address. Doesn't work like that, does it?
Monero's value and usefulness are two different things. Monero works equally good at $200 and $200,000. Both at 300 and 300,000,000 daily users.
Meanwhile, Bitcoin is fundametally limited. It can't even support a single university using it as money, let alone a single town, or a country. It cannot survive non-custodial use. It can only work as a bank asset.
But I'm not sure you even understand what I'm saying. Have a nice day.