Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Febo
on 05/02/2018, 15:56:09 UTC
A coin that is untraceable will never be adopted by governments or major corporations. Without some sort of trace to the original buyer, banks will never have anything to do with companies who accept anonymous transactions. That is just common sense. I believe Monero is here to stay but its only going to be prioritized by people who don't want to be traced.

I think any company and any person do not want that their balance and all transactions they made are seen by just anyone.   Your transactions and your balance should be only seen by those you allow them to see.  And if I show you my balance that dont mean I will show you also all my transactions. And if I show you one of my transactions that dont means I will also show you other transactions or my balance.



Soon with much more useful block chain analysis, everyone you will pay with Bitcoin will in 1 second know who you trade with and what balance you have. Dont you think that might be not so useful for companies? Dont you think that might be really dangerous for you go on a vacations in some far away foreign land?