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Comment by matheusmoreira | Hacker News Reader

> It hasn’t even produced a compelling currency

It has produced Monero which absolutely is that currency. Now if only we could get people to actually use it.

You don't want people to actually use it because like all cryptocurrency it's got quite limited maximum throughput. The problem is worse than usual with Monero - because it's so secure, no data can ever be proven to be unused, so no data can ever be removed from the blockchain.

All of that can be solved or worked around. The much bigger problem is that it's a bit "too anonymous" to ever be tolerated even in most democracies, for better or worse.

I think the only thing that stands a chance is something that partially anonymizes one party to the transaction but not the other, or something that can deanonymize a given transaction only by very publicly and verifiably "breaking glass".

The government would just break glass on every transaction because what would you do about it?

Fortunately, not all governments have completely normalized warrantless wiretaps yet. I think requiring a court order and retroactive notification of suspects whose privacy has been invaded is a good model.

I'd rather have my money work in a way that allows that than in the current status quo, i.e. a complete lack of privacy for anything other than cash (which has different issues and doesn't work so well online).

What will you do when they break glass on every transaction and don't do that?

Or when Lithuania breaks glass on every transaction and sends the data to the FBI, like what they did with Anom?

I would regulate value of currency. To be beneficial for few get more rich.

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