Quote from: Keyboard-Mash on May 23, 2014, 06:06:20 AM

This is a good point. If your initial trade into the currency isn't anonymous, per bitcoin's publicly available blockchain .. then your pursuit of anonymity is potentially (most likely) lost. You may still have private transactions that can't be traced if you were to trade into Monero, but the fact that you traded first into Bitcoin and then to Monero would be a weak link in the anonymity chain. I guess the question that would come up is exactly how one would obtain Monero (other than mining) in the first place without compromising identity? I've been told avenues using coinjoin over tor/i2p are only partially anonymous at best .. so that puts us back to buying into it face to face for now. Unless you have other ideas?

I don't see your point. Governments can still force exchanges to collect your ID whether you're buying Monero or Bitcoin. What's the difference? How will an anonymous crypto solve that?

Quote from: Keyboard-Mash on May 23, 2014, 06:06:20 AM

I hold the opinion that both a store of value and the need for it to be currency will come to be a central point in this currency.

You cannot have it both ways. Long-term value storage is slow money. Fast money is easy to get, easy to spend. It's a hot potato. Fast money burns a hole in your pocket. There is urgency by design. Economies of scale depend on fast money. High volume trade requires stimulation. People don't just pull out their wallets en masse for no reason.

Liquidity always has a cost. Wealthy folks don't store their money in savings accounts. They own appreciable assets that are liquidated on an as-needed basis.

Quote from: Keyboard-Mash on May 23, 2014, 06:06:20 AM

I could see many troubles with a $77 million business trying to operate within the confines of what Monero, being only a currency, and not a valid store of value. Imagine trying to use purchase orders, only to have your currency be worth 2% less than it was when you sent it out last year. I see that some form of debasement is necessary, but for it to do both value would have to trickle out very slowly. Maybe this is a malformed opinion, but perhaps you could share insight?

The U.S. Dollar inflates much quicker than 2% a year, has no intrinsic value whatsoever, and billion dollar businesses handle it just fine. In fact, they need it, because such businesses depend on fast money.

Also, just because the money supply increases by 2% does not mean the trade value of your coins decreases by 2%. Crypto is not fiat, and so the same rules do not apply. PoW currencies have real intrinsic value, so increasing the money supply does not affect the buying power in the way you might imagine. As an example, the world's gold supply is debased by around 3% annually.

Even if inflation was that simple, you'd have to significantly inflate the circulating money supply in order to see a decrease in trade value. An increase in total supply does not automatically mean more money exchanges hands.