RE: Monero, the better new old Bitcoin?

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Monero, the better new old Bitcoin?

in monero •  7 years ago 

Thanks for all the info. I'm a real dummy here, but my thoughts have been around actually implementing a universal 100% transparent, 1 wallet per human being coin. To me this eliminates all threats since no one can steal money from someone else without being seen by all. What do you think would be the disadvantages of implementing a universal coin like that?

monero
7 years ago by

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      ·  7 years ago 

    Do you see a problem with having a state-sponsored camera+microphone apparatus in everyone's home, such that no planning of crimes is ever possible?

    Yeah, it's about the same thing.

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        ·  7 years ago 

      Well, I don't see much point in having privacy violated, but when it comes to money, transparency will eliminate all forms of corruption, if well implemented. And don't the governments already have access to all our financial information, anyways?

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