Thank you for your questions! More than 600 were posted. @ofthesalazar , you can answer as many as you like, but please select 5 which will get the reward. Also, shall we make the quiz now and give you time to look through them or shall we proceed directly to answer them?
We have two big ones. Adding RingCT in 2017. Before, several more attacks were possible on Monero than anyone realized, but most of them were mitigated when RingCT was added to hide amounts. It brought Monero to a truly private coin.Second was bulletproofs. The addition of RingCT increased transaction sizes by a LOT (meaning less scaleable). Bulletproofs brought these down by over 80%, allowing us to increase the ringsize (i.e. better privacy) with much smaller transactions (i.e. more scaleable).There's more in the pipeline, and much more that we have done, but those are the big two, and both have been quite revolutionary.
Do you know what has supported money laundering and criminal sponsorship? Cash. Dollars. Corrupt governments. I don't want to get too political here, but some of the biggest sponsors of terrorist organization, criminals, and mafia-type gangs are our very own governments. Corrupt officials who have much to gain in this.It's actually hilarious how the governments have spread fear among the population about the spooky boogieman of cryptocurrency, when some of the biggest criminals in the system are those same people spreading fear.This isn't to say that no illegal things happen as a result of cryptocurrencies, or Monero specifically, but the VAST MAJORITY of money laundering is done with dollars, not Monero. Why don't we cross this bridge when we come to it rather than saying the sky is falling when really, the sky is falling with our current, traditional system many orders of magnitude worse than the tools we're building.j
This is such a big question. It's so important. The average person has ZERO IDEA how much their data is worth and who wants it. Literally everyone, from corporations, to governments, to various interests want your data. Your data is VALUABLE!With your personal information, people can sell to you better, arrest you, threaten you, intimidate you, give you better gifts, make you happy, take away your happiness, or much more. PLEASE PROTECT YOUR DATA! Not just your financial data, but ALL data. Once your information is revealed, it cannot be taken back. Let me repeat. Once your information is revealed, IT CANNOT BE TAKEN BACK! If you don't know my name, then it's up to me if I tell you or not, but once I tell you, I cannot untell you. This is why privacy (and Monero) is so important. If you transact stupidly on a transparent blockchain, there can be massive consequences, even if you did nothing wrong. Let me give an example:Let's say you own a tshirt selling business. You accept Bitcoin for your shirts. Somewhere two bad guys do a drug transaction with Bitcoin. Later, one of the guys buys a shirt from you with the same Bitcoin he received for the drugs. Now, you can be under investigation by the authorities. They'll ask you "where did you get this Bitcoin? Did you know it was part of a drug transaction? Were you a part of this?" You did nothing wrong. You sold a tshirt. But now you have a dirty bitcoin. Take your privacy seriously, financial and otherwise. There can be real consequences. In the first world, perhaps the worst you suffer is targeted ads, but in many other places, lack of privacy can lead to loss of money, freedom, or life.
To finish up that same question, how to transfer as little as possible? Choose the correct tools. Choosing Windows will send a lot more of your personal data to Microsoft than using a Linux distribution. Using Bitcoin will reveal a lot more info than using Monero. Etc. Being privacy conscious can be a pain, because it's constant choices and it is definitely the road less traveled, but it's something well worth exploring.
We have many many many translations for most of our resources. Our website has been translated to many different languages with more on the way. And yes, we have different communities for the different languages spoken in the community.We have Spanish podcasts, Russian podcasts, YouTube channels from many languages, interviews, and I personally have gone to several conferences all over the world as a speaker. If Monero doesn't have a translation for a certain language (or a community) and you want to make it happen, then please let us know. We're all about making Monero accessible to everyone.
Fungibility. You've heard me say this word a few different times already in this AMA. It's about time I explain it.Fungible is when one of something is the same as another of that same thing? Confused? Here's an example.You have one dollar bill, and I have one dollar bill. We exchange bills. I now have your bill and you now have mine. Even though we exchanged bills, we both still have one dollars worth of dollars, because 1 USD = 1 USD. They are fungible.The same is NOT true of Bitcoin or other transparency coins (i.e. literally almost all of them). I know people like to say 1 BTC = 1 BTC but it's not true. In the previous question I gave an example of someone obtaining dirty bitcoin by selling a tshirt. In many cases, if the individual were to put that Bitcoin on an exchange, their account would get shut down. There are many many stories on the internet of people's coinbase accounts getting temporarily closed for review, or binance, or many other exchanges, because they unknowingly put dirty cryptocurrency in their accounts. Seriously. Google for these stories. There are so many.What this does is mean that some Bitcoin is different than other Bitcoin. If you have 1 BTC and I have 1 BTC, and we exchange BTC, unlike dollars, there may have been an exchange of value. If I gave you a dirty BTC and you gave me a clean one, then I get the better deal, because I can use my BTC in more places than you can. So maybe you're willing to get rid of your BTC at a discount to compensate for it.Bitcoin is not fungible. Transparency coins are not fungible. Opt-in (optional) privacy also doesn't help. Because if you use an optionally private coin (most others except for Monero) then what people see is that you mostly use transparent transactions and then suddenly you use a private one. Wait. Why did you need privacy there? It stands out. But if everyone is private, all the time, then everyone looks the same. There's no way to distinguish a history of a coin. Those people who did the drug transactions will not affect your tshirt business. Monero is fungible. But fungibility is unlocked by mandatory privacy.
So really, it's less about hiding your identity. Monero isn't about being sneaky, avoiding taxes, or being a hacker or criminal. I am a squeaky clean guy. I don't do drugs, or hacking, or criminal activity. But I need Monero. Because otherwise, somebody who DOES do those things will ruin my reputation for something I've never done (like the tshirt example). Monero isn't for criminals. It's for everyone.