Quote from: futureofbitcoin on March 15, 2015, 01:42:40 PM

Quote from: EvanMon on March 15, 2015, 01:33:03 PM

Quote from: futureofbitcoin on March 15, 2015, 07:51:17 AM

I don't see monero being needed in day-to-day services. I really couldn't care less if that Aero bar I bought was anonymous or not. I think monero's niche is in *cough* blackmarket *cough* (quite unfortunately), but also in some large items that might garner public/friends, relatives and neighbour's interest. For example, buying/selling a house. It is also likely to be used as a store of value, since it is convenient in that it hides your net worth. I think this is where monero is stronger than bitcoin.

I disagree with you here. Even if you don't care about that individual transaction, is there any reason you would want to make it public? The default should be to private and not open because you never know what could happen in the future. In addition to that what if someone was strongly against Aero bars and decided to block transactions from people that have bought them? Given a long enough timeline an open ledger coin will become less and less fungible IMO. If services can be created around blacklisting coins they will be and most likely already are.

I am not saying that I'd want to make my transactions public. Rather, there isn't enough incentive to switch to monero JUST because you can keep such trivial transactions private. It's not a big enough motivation for most people.

@^
Of course I admit I have things I never want other people to find out about me. In fact, in comparison with the world (not the crypto community) I believe I lean towards the side that values privacy. That said, if in the future there is technology that can completely eliminate crimes before they are committed, because everything about the criminal's mindset is known, and that a computer can analyze exactly what I want, for example, what movie would interest me the most at that particular time, instead of having me search google for recommendations, read dozens of them then end up getting "tricked" by a misleading review/rec and wasting my time on mediocre movies.

I can certainly see benefits in having info collected.

Once wearable computing takes off, with augmented reality and near-perfect real-time facial recognition, cross-referenced with an analysis of all of your web surfing habits and financial transactions, I suspect you'll change your mind.