Can someone give me a realistic scenario in which an average person that isn't a criminal/terrorist/drug user would...

can someone give me a realistic scenario in which an average person that isn't a criminal/terrorist/drug user would ever want to make a transaction that is completely untraceable?

Other urls found in this thread:

cointelegraph.com/news/bank-of-america-our-inability-to-adapt-could-see-a-failure-to-compete-with-crypto
twitter.com/SFWRedditImages

buying a coffee

Buying a beautiful flower for your loved one

Buying anything without angering the wifey.

/thread

Hiding assets from ur spouse in a divorce I guess

good banks can already do that for you

Paranoid delusions

fpbp

Divorce

This x 100.

Already started a monero stash.

We do this everyday with cash

this
if banks operated the same and there were banks that operated as 'normal' (where the only person that can see your bank account is yourself) then people would flock to that bank because privacy is a basic human need that is currently under attack due to the global push for a surveillance state

Because btc is no way anything near peer to peer cash, it's not fungible. Monero is the only crypto where each xmr is identical ti each other xmr. If you are a merchant accepting btc, now everyone can spy you through your pubblic adress - business competition, robbers, clients etc. Also if you buy a beer with btc now the barman knows how much money you have in your phone and could call some criminal friends of his which will rob and buttfuck you in a dark alley.
Xmr is the only true digital cash - period

yeah just go ahead and mail $3000 in cash to the other side of the planet.

The only time I could ever imagine wanting a transaction to be traceable is if your a nigga who needs receipt alibis, otherwise
>buy some porn
>get black mailed
>buy literally anything
>have your identity stolen

>hey guys there are monopolies that already do that while leeching off your money and enabling a range of fucked up shit globally, why would you want to go with new technology that offers you more independence and functionality?

huuurr

Lol that's why monero exists. You're not refuting his point at all. Monero exists as digital cash

Someone who doesn't want these guys knowing he has crypto and coming to his house.

Do all your transactions in public, let everyone know you are rich so they come begging or rob your house, let every client know exactly how much money you make, where you buy your stuff, when their order got processed, let your wife see every penny you spend, let your health insurance know how much you spend on inhealthy food ... If i need to go on that means you are retarded.

Wouldn't a better question be: "Why would you want anybody to know your transaction history ever?"

it's called fungibility and it's the same reason goldbugs exist.
sex toys, porn, and hookers are a great use-case
furthermore, there are countries with draconian laws where financial privacy for what we would consider upstanding citizens may be needed.
i'm sure there are more. but really when John Nash outlines what an ideal currency should be and you see the one and only crypto having all of these qualities -- you invest.
sincerely, someone who accumulated from $2-10

Not saying it will happen but if the crypto dream came true, where it replaced currency, literally everyone.

How would you feel if everyone in the world could look into your bank account, see how much money you have and exactly where you spend it? No one wants that.

why would i want them to control my money when i can leverage the exact same open-source algorithms they would use to ensure my data integrity?
the entire point of crypto was to escape banks; it was birthed from the 2008 financial crisis.

>If you don't want to accept that, I don't know what else I can do for you. - Will there be something else?

Me too man, had some crypto in 2016 but sold everything like a retard before the mega bullrun, still i felt there was something special about monero and not selling for a few more years - the only comfy hold there is in crypto (that and btc)

its not only transactions it is also the user balance. no one will know how much money you have except your self

Also the only team and community that doesnt give a fuck about hype! It never moons like other shitcoins but in the end we are going to be rewarded because it's serious tech and at least i can sleep with it knowing it wont crash 70% like 99% of the garbage on cmc.

My only concern with privacy coins is someone could decide to zero out your account and you'd have no evidence or recourse. For all you know it could have been a move that broke the blockchain rues. At least with a public blockchain you can see where it went.

The most critical flaw in Bitcoin is its lack of privacy. If you give me your Bitcoin wallet address so that I can send you a payment, you immediately compromise your privacy. I can see as a matter of public record how much money you have in your Bitcoin wallet (there are messy workarounds to attempt to fix this problem, which we will address shortly). The same situation applies even if you are the one sending Bitcoin. Any recipient can then see how much money you have in your Bitcoin wallet, both now and in perpetuity. To understand how critical this privacy problem is, consider the following scenarios:

You are travelling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.

You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.

You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.

Monero solves these privacy issues by automatically applying privacy techniques to every single transaction made. You can have confidence that it is not possible to own ‘tainted’ Monero. This is a concept in economics known as ‘fungibility’ and is historically considered an important characteristic for any currency to have.

Having an affair.

Monero has a method for proving a transaction that you made took place, if that's what you're concerned about.

UK bans porn > people buy porn with crypto
Muslim majority germany bans pork > germans buy volkish bratwurst with crypto
Nigger majority US bans whitey > whitey creates white only libertarian ethnostate in alaska using cryptocurrency
Nigger majority france bans baguette and skinny jeans > frenchies buy baguettes and skinny jeans with crypto

etc

I mean, it doesn't really matter that much does it? You can't reverse a transaction. I suppose you could try to sue the thief or something

...

>be a fortune 500 company
>don't want new multi-million dollar business deal visible on a public ledger before announcing to public

/thread

Saged.

based

>You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.
+
>>be a fortune 500 company
>>don't want new multi-million dollar business deal visible on a public ledger before announcing to public
/thread

do good banks pay me to process their transactions?

when a good bank makes money off of my bank account do i gain any money?

>>be a fortune 500 company
>>don't want new multi-million dollar business deal visible on a public ledger before announcing to public
>just use a bank wire
>don't use funnymoneyshittokens like /bitards believe

lmao youre all beyond deluded
/thread

We're talking about a hypothetical situation in 20+ years from now when fiat is virtually worthless.

>monero
>shittoken

Autism which happens to be increasing exponentially

>a realistic scenario

Financial privacy so your kids don't get kidnapped.

>btc is no way anything near peer to peer cash

Unless lightning works.

>fortune 500 company
>monero
quit the shit nigger

Buying gas.

Paying my bills.

Buying my monthly supplements.

Buying my mistress plan B

Fucking anything. There's no reason for my purchases to be accessible by large corporations to use as leverage. Fuck you for thinking otherwise.

FUNGIBILITY

The uses for Monero are unlimited. Nobody has any business knowing somebody else's transactions and wallet balance unless those transactions are specifically meant to be published. That's the point.

I like the concept and technology behind Monero, the only problem is that the name is fucking stupid.

Alt-coins are all about marketing, and if the name is god damn retarded sounded it will never moon.

The coin with the second largest market cap is called fucking Ethereum. Monero is fine.

I want all my transactions to be untraceable, ain't nobody's bidness

what the fuck is wrong about the name "monero"?

Kill yourself

literally no one gave any real answer

>muh divorce
or you can just sign a fucking prenup
>muh tax evasion
if you tax evade that means you are already a criminal
>muh privacy
good banks can already offer you full privacy and anonymity, its a bank, its their fucking job to please their rich clients
>bb-ut da government will know my transactions!!
they can't have your bank transactions unless they have a warrant, which means you are already a criminal
>bb-but the bank clerk will now know I purchased 5 dragon dildos
nobody cares about your transactions and even if they did no bank is dumb enough to risk their whole reputation and business for it
>b-but the government became totalitarian socialist and banned muh freedumbs!!!
unrealistic scenario and applies only to shithole countries

>whitey creates white only libertarian ethnostate in alaska using cryptocurrency

Monero's not for the average pajeet user. its for the chad underworld pimps who know where the tide is turning.

You're mostly right but prenups are thrown out in court all the time in the US, they're meaningless

Prenups get throw out on courts all the time, you fucking brainlet

Public officials paying for porn of any type

>Nothing to hide, nothing to fear goyim.
People like you need to be euthanized for the safety of the human race.

This

> Paying for porn or other stuff you want to keep private without having the money traced to your cc
> Fully anonymous donations
> Fundraising social projects in countries where the government controls the banks
> Buying surprise gifts
> Sending money to relatives stuck in dictatorships

I can think of a couple more on grey areas like betting.

I only care about the gains. It is one of the fastest rising coins and has a hard fork coming.

literally any transaction where you don't want the other party to know exactly how much money you have

>fungible

This, right here is the #1 reason for Monero. There's a LOT of legitimate uses that people want anonymity for, not to mention protection against theft. Corporate intelligence (ie figuring out WTF your competitors are up to) is BIG.

Imagine if Microsoft had a wallet, and suddenly millions of BTC left it, for a wallet held by Apple. We now know maybe there's a merge, a buy out, who knows? Then the markets all go crazy etc. Competitors start scrambling to head them off.

If the whole thing can happen via something like Monero, it's better for the companies involved.

And let's not forget, not all laws SHOULD be obeyed. Not all governments ARE friendly. That might be such a bug deal in the West - but imagine you're a farmer in Rhodesia trying to GTFO before your family are macheted into little pieces. You really think having the ability to toss your capital into Monero, and get it out again after you successfully escape and evade the death squads is a bad thing? Shit like that happens ALL the time anons. While there'll be grumbling from the regulators about it, there's too many good uses for privacy coins to ignore. If the price is a few drug dealers can launder money more easily, so be it.

why does any government or business have any right to know how much money I have of be able to tell me what I can do with it. both my last two transactions to the ukraine have been denied by moneygram because they feel "uncomfortable" with it. Why should i not be able to send undisclosed amount wherever and whenever?

is it user?
Do you carry a cell phone?
Do you have any SOCIAL MEDIA?

Even if you don't, you're in the minority.
The majority of people anymore give up their anonymity for the pleasure of likes.

A bank account. A social credit score.
Blockchain. Thats what's next.
Visible.

I don't want the seller to know all my past transactions and balance.
Instead of creating tons of wallets I can only use one - monero.

If your making a business move (buying a smaller company) and you don't want your competitors to know about it.

In a divorce and you wanna hide buying/selling assets is another one.

well alot of people just believe in the importance of privacy so they want to see it succeed for a currency.

It's called being innocent until proven guilty. Niggers can't into liberty.

>A man wanting to buy a ring for his side girlfriend

fucking this. when i realized the entire transaction history of most cryptos was publically accessible i couldnt believe it

it's for this reason i think monero is gonna be huge in the 12 months, especially as normie money enters the market and they get to learn the same thing i did

don't you get it you fucking basementnerd?
microsoft will never have any stupid wallet where they held their company funds
are you stupid?
they will use their bank, that easy
"ey mr. gates here is the laser edged plate with the private keys to the 3 bil venture fund"
you on crack nigger?

>only criminals need anonymity

I'm a journalist. I, and most other journalists have ways for sources to contact us through Tor, because they require anonymity. Not because they are criminals, but because most of them are in vulnerable positions and might lose their lives, jobs, etc for reporting something important.

Same goes for anonymous transactions. If I need to send money to a source, especially government affiliated anywhere in the world, to ensure that he survives, I'd need to use Monero.

if you aquire a company then you use a fucking bank
have you any idea how the real world outside your basement works?
are you all stuck in some sort of blockchain psychotic disorder?
too much linky linky?

The masses have always been easily manipulated and subverted. To rise above is the ideal.

>>b-but the government became totalitarian socialist and banned muh freedumbs!!!
>unrealistic scenario and applies only to shithole countries
not unrealistic at all.
if labour get in in britain theyre literally gonna take money out of people's bank accounts. even the last labour leader, ed milliband, said he'd do this.

This. Besides if someone was a terrorist or drug user or whatever they would have other ways to track and find them like sting operations,etc.

yea the idea of private person-to-person transfer of wealth is absolutely ridiculous

Hiding sexual deviancy

>A social credit score.

China is already developing a social credit system, and intends to have most of the infrastructure in place by 2020. So it's only a matter of time before the West adopts it.

>The Social Credit System is a proposed Chinese government initiative for developing a national reputation system.
>It has been reported to be intended to assign a "social credit" rating to every citizen based on government data regarding their economic and social status.
>It works as a mass surveillance tool and uses the big data analysis technology.

>have you any idea how the real world outside your basement works?
lol, you dont understand the shit real businesses do to avoid the in land revenue.
that's understandable, you probably still dont grasp how fucking deleterious tax is

cointelegraph.com/news/bank-of-america-our-inability-to-adapt-could-see-a-failure-to-compete-with-crypto

Are you dumb. Most people are in crypto because they hate banks and don't want to deal with them anymore.
>b-but banks aren't going anywhere
That's what people like you said about Blockbuster Video.

when the average person becomes a criminal

>L11180916G

most people are in crypto because you can make insane gains by getting in early in total vaporware and selling it to retards for a way higher price
95% of this shit will go nowhere
are you completely deluded?

i worked in a tax related field you stupid nigger
businesses use the lgale loopholes to avoid taxes, there are enough
and they pay that there are enough loopholes exist
>use monero
boy, youre so retarded, it makes no sense to speak to you
must be the linksyndrome
complete brainfailure

Buying a loved one

show me the transaction history of one of your bills