Damus
note13s5st...
LogicallyMinded profile picture
Unfortunately mass-adoption is unlikely to happen in this timeframe. Once the surveillance grid will be in place the only alternative left to acquire #Monero will be great OpSec + decentralized P2P marketplace + anonymized crypto or other goods and services as a mean of exchange. The barrier to entry will be high and only motivated and capable people will able to acquire it. Enforcement of the surveillance grid will impact current holders as well. The utility of #XMR is greatly dependent on growing the user base (people using it to buy and sell things) which will be constrained by this grid. This is the crypto/Monero dilemma for its use as a medium of exchange. To get a critical mass of users interested in using Monero for payment we need fiat currencies to become restrictive enough to entice people in seeking alternatives, however alternatives are harder to adopt in an environment in which the usage for fiat currencies is restricted. Hence, the only way to break this loop is to tie the economic system to a decentralized currency.