this post was submitted on 21 Jul 2024
14 points (100.0% liked)

Monero

17 readers
4 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
 

Stay on topic:

  • This thread is only for comments discussing the uncertainties, shortcomings, and concerns some may have about Monero.

  • NOT the positive aspects of it.

  • Discussion can relate to the technology itself or its economics.

  • Talk about community and price is not wanted, but some discussion about it maybe allowed if it relates well.

  • Be as respectful and nice as possible. This discussion has potential to be more emotionally charged as it may bring up issues that are extremely upsetting: many people are not only financially but emotionally invested in the ideas and tools around Monero.


How it works:

  1. Post your concerns about Monero in reply to this thread.

  2. If you can address these concerns, or add further details to them -- reply to that comment. This will make it easily sort-able.

  3. Upvote the comments that are the most valid criticisms of it that have few or no real honest solutions/answers to them.

  4. The comment that mentions the biggest problems of Monero should have the most karma.


The first principle is that you must not fool yourself โ€” and you are the easiest person to fool.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] itsmect@monero.town 1 points 3 months ago

There are plenty of tradesmen working on weekends without reporting it to tax authorities. Common in cities, practically the norm in rural areas. Time spend working doesn't leave a paper trail and whoever hired them can buy all the materials for "personal use". Farmers do need to buy supplies, but unless they have John Deer equipment, the harvest amount will not be automatically counted, and it's trivial to sell some part of it on non-official markets.

I think it all hinges on how fast people get used to using monero "for real" and not only to buy some merch or for other meme purposes. When regulations come down, the people who will be hit the hardest are those bridging between fiat and xmr, because their banking activity can be moderately easy controlled.