Privacy is a not a good selling point for cryptocurrencies (compared to speed, low fees, security, decentralization etc), because:
1) Most people seem to value convenience over privacy
2) Public tolerance for forfeiting some privacy is high
/0
1) Most people seem to value convenience over privacy
2) Public tolerance for forfeiting some privacy is high
/0
Payment solutions are sticky.
As long as existing alternatives provide easier user experience (e.g. Venmo, Paypal), educating the public about the importance of fungibility and privacy in crypto won't be enough to promote mass adoption of privacy coins
/1
As long as existing alternatives provide easier user experience (e.g. Venmo, Paypal), educating the public about the importance of fungibility and privacy in crypto won't be enough to promote mass adoption of privacy coins
/1
Privacy is not binary.
Most people understand the value of day-to-day financial privacy from unknown parties (creepy stalkers), but are ok with a recognized company knowing their transaction histories (e.g. private transactions on Venmo). For most, Monero is an overkill.
/2
Most people understand the value of day-to-day financial privacy from unknown parties (creepy stalkers), but are ok with a recognized company knowing their transaction histories (e.g. private transactions on Venmo). For most, Monero is an overkill.
/2
Potential catalyst for higher privacy coin adoption by general public:
Governmental asset seizure of non-fungible coins owned by law-abiding persons/entities but previously used in money laundering or illegal financing (?)
/3
Governmental asset seizure of non-fungible coins owned by law-abiding persons/entities but previously used in money laundering or illegal financing (?)
/3
