Post
Topic
Board Bitcoin Discussion
Re: Privacy vs. anonymity
by
BlackHatCoiner
on 28/10/2021, 20:33:22 UTC
What's the point of governments allowing people to use it? So they can tax it and use it as another tool to spy on their citizens, in a way that cash transactions have never let them do before.

Which brings me back to this question;
What's the purpose of adopting globally this anarchic type of currency if you're going to have this behavior?

There's no reason. Just force me to use your digital currency; that's clear. Why forcing me to use a currency whose purpose is to replace the middleman when I can't use it that way?

They'll have much more control with a CBDC and no need for chain analysis.

I'm sure they would try, but monero is inherently more censorship resistant than bitcoin, and therefore more resistant to these kinds of actions. Good luck censoring transactions when you can't see the sending address, the receiving address, or the amount being sent.
I don't think I was clear enough. You can remain private as long as you transact with monero, yeah. But, what happens when it's forbidden for the merchants to accept it? Isn't it useless? You said it before;

I can hide the fact that I am using Monero by running my own node over Tor and not linking it to my real life identity and all the rest of it, but what can I do with my Monero? No merchant accepts it. I can't use it to buy goods or services.

As I said, you contradict yourself.