Oddbean new post about login | logout So if the people use Monero and the government is made up of the people, then Monero is good enough for the government? Wouldn't that make it difficult for the people to audit? Somebody's going to end up with a golden shitter at their house.
FTX was printing bitcoin and nobody noticed. Can you audit the Gov now? Do you want people auditing you? Would you want a live cam in your house if biden puts one in his? Gov will print dollars not monero. Thats what they are used to doing. They might buy monero without you knowing though. The supply of monero is auditable by the way. You can see the total supply just not who owns it.
1) the government is not the people. It's made up of people, not *the* people. 2) Monero supply is audited with a range proof. Off chain "paper" coins can't be audited no matter what blockchain youre using. See "proof of reserves" hullabaloo with regard to centralized exchanges.