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submitted 9 months ago by bot@lemmit.online to c/monero@lemmit.online
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The original was posted on /r/monero by /u/Loose_Screw_ on 2024-02-08 11:30:27.


I had this conversation with my partner yesterday about Monero and her argument went a bit like this:

One of the big advantages of Blockchain seems to be visibility - if companies were forced to transact on a publicly viewable Blockchain, they could be much more easily held to account. How does Monero fit in when it seems to be the antithesis of this principle?

So I had a little think and eventually I posed an scenario - say Alice works for Wendys. In the new world, Wendys pays her in bitcoin (insert public chain of choice here). The bitcoin goes to her wallet and then she atomic swaps to Monero. Then she atomic swaps back to a different bitcoin wallet and uses that to buy buttplugs from Ann Summers. This effectively anonymises her by preventing her employer from easily looking up if she's buying buttplugs every week.

Is this roughly how y'all envisage Monero being used? Where do you draw the boundary between public and private (if you even see a use case for public chains at all)?

I imagine this gets much more complicated when you start blurring the line with contractors, sole traders etc.

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this post was submitted on 08 Feb 2024
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Monero: the secure, private, untraceable currency

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