/biz/ - Business & Finance

>>30352349
So this was your logical progression and how our argument went.

I claim: "If we use logic that Bitcoin failed as currency due to scaling issues then Monero will fall even harder as currency, because it will be even WORSE at scaling issues"
You attempt using equivalency and slight redirection: "So my cash has failed as currency?"
I say: "False equivalency" pointing out that you misdirected.
You keep claiming you are spot on.

Ok, let's grant you some leeway. Let's pretend that you tried to use the argument that "Cash is so great, BECAUSE its untraceable", but that would be an intellectually dishonest statement, as mosh "fiat" IS traceable and issued by governments. At no point governments thought that fiat will be popular and used, because it's untraceable. No, it will be popular and used because:
1) Governments force you to use it to pay your taxes and pay for shit in general
2) Governments forbid you to use something else
3) It's inflationary, which means you want to get rid of it and spend it

Basically those 3 points make cash in your wallet "useful" and not your argument of it being "untraceable". And it IS traceable somewhat, each USD bill has serial ID to trace its origin. So that proves governments INTENT to have it be traceable. In that way cash in hand is actually MORE similar to traceable BTC than 100% anonymous XMR.


Does any third neutral party reading will confirm your argument holds stronger ground?