Quote from: owm123 on September 25, 2015, 07:04:04 AM

Quote from: generalizethis on September 25, 2015, 06:52:59 AM

Quote from: owm123 on September 25, 2015, 06:48:51 AM

Quote from: generalizethis on September 25, 2015, 06:17:38 AM

Quote from: owm123 on September 25, 2015, 05:59:08 AM

The purpose of xmr is to protect one's privacy. This is at least my understanding. I dont view monero as a bitcoin killer or even a litecoin killer. Its there with one main purpose, to ensure everone a right to privacy. Not everyone cares about privacy. So bitcoin is not going anywhere anytime soon. But there are people that value their privacy. For them monero is a perfect solution.

Also, there is no reason to use monero for tax evasion, or to think about it as being desing for this purpose. In monero you have view keys, to disclose the transactions when needed. So a merchant or a person can keep their transactions privet from other merchants or people, but be fully transparent to tax office to which he/she can provide its view keys.

Companies and governments determine what money they accept, and what company or government is going to want a money that links them to all their activities for all time?

Yes, companies and governments decide, and they will not allow anonymous or even psedoanynomouse cruptocurrency to be "officially" used which is not controlled by government/company.

In Russia, for example, they already want to launch their own cyrpto, approved by government. The "BitRuble will not be pseudo-anonymous like bitcoin due to the aforementioned Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies pursued by the regulator".

Its super easy for government to force ppl to use their 'own' cyryptocurrency. Its enough that they will pass laws requiring merchants to accept NSAcoin or whatever coin (or employers to pay salaries with such a coin) that the government can track and control.

So government is going to create a non-fungible money and thinks companies and other governments are going to want transact in this money and have all their transactions public for all time? They still need a digital cash in your scenario.

I think it will not be private, that's the point. I mean private in a sense between you and the government. For Russia bitcoin is even too private, not even mentioning monero.

I dont know exactly how they plan to make BitRubble work, but its interesting precedence for government controlled cryptocurrency. Other countries may follow.

And they'll all have a centralized non-fungible money that keeps public records for all time. IE. a domestic currency that must be foisted on the domestic populace in order to work. An international currency must have anonymous outlets if it is to remain fungible, desired and work as a cash. You say it will be outlawed. How? is my first question. But my bigger question is why? If i want to fund the enemy of my enemy without garnering international attention, I'm going to need a digital cash in order to avoid in person hook-ups that would be as damning as having it on a public blockchain. Just imagine how the Iran Contra fiasco could have been avoided if Reagan and North had used Monero. Nevermind that a public money can never be as fungible as private money unless no one ever did anything bad with it. Good luck with that non-world.