/biz/ - Business & Finance

>>52451325

I want to make glowies seethe.

>>51051659
>there is literally a privacy coin that specifically has the sole purpose to do private smart contracts

Same principles apply, you can't enable smart contracting without making trade-offs.

>>50976989
>My question is then:
>How could governments try to kill off Monero?
>- Kill it off for criminals
>- Kill it off for regular users
>- Kill it off only in their jurisdiction
>- Kill it off totally

Well.....

>there is no corporation or hierarchy to target, most of the core team has obsessively maintained its anonymity, they don't even submit code directly.
>ASIC resistance means there are no mining farms to target, no specialized hardware that can be slapped with an importation & sales ban
>P2Pool is now bundled into the official GUI wallet and adoption is growing, once it hits 51%+ dominance Monero essentially becomes immune to 51% attacks
>DEXification has been a top priority over the past year and now there 2 separate ones on the horizon, Haveno & Serai, both of which will be forked into many more iterations.
>official atomic swaps are nearly done, Farcaster team is weeks away from making a formal mainnet launch

TL;DR: Uncle Sam & Friends can't kill development, can't hinder mining, soon won't even be able to mount a 51% attack and absolutely won't be able to halt trading since other cryptos are set to become the on/offramps, CEXs not needed.

There's still the possibility of port blocking but users can just use different ports (including HTTP standard 80/443), VPNs, Tor, some kind of middleman/transaction forwarder and/or loads of other techologies to circumvent this. Unless they completely cut off the internet (including satellite, which is hard), there will be a way to use Monero.