Not all problems are simple to solve. Privacy is not a simple problem to solve. That is the reality on that topic.
but privacy in cryptos is a solution looking for a problem.
privacy is upto the individual it won't be solved by a crypto. a so called anon coin in the hands of average joe well it aint so anon, yet bitcoin, litecoin or even fiat can be completely anon if one knows what do to.
giving an anon coin to average joe is like giving your pc to your cat.......pretty pointless.
You appear to be stuck on the "average joe" argument.
The average joe doesn't give a crap about Bitcoin nor litecoin nor Monero. Maybe ....just maybe one day they will care about crypto. But blindly throwing them a currency to use without knowing the repercussions of using such a transparent crypto is setting them up for failure. Look at how many users thought that bitcoin was anonymous/private.
If privacy is not something that deserves attention/solution and is merely "a solution looking for a problem " (as you put it), please post all of your bank statements online for us to see. I also suppose you use the restroom with glass walls for all to see what you do? Let's be real, privacy is an inherent right of all humans who wish to have it (finanace, personal, or other).
Not having financial privacy can be dangerous in different ways:
1. It is not a good thing for competitors to see how you pay your employees, your vendors.
2. If you are wealthy you can be a target for harm to be done to you or your family.
Monero solves the blacking listing possibility with Bitcoin/Litecoin etc. If a theft/hack happens where coins are stolen and exchanges (like coinbase) start to either reject exchanging your coins or holding them hostage given they are traceable back to a theft in those coins' past, would you not consider that a problem that may need a solution?
I would think so, all units of a crypto should be fungible on the socio-economical level and not decipherable based on "chainalysis", which is something that is coming to fruition with public blockchains like bitcoin and litecoin.
I'm sure there are other problems that exist that privacy solves that isn't just as you put it "privacy is a solution looking for a problem".
I agree not everyone values their privacy as much as others. But you cannot call a privacy enhancing crypto coin, a "gimmick" as if it is some sort of cosbycoin, BBQcoin, etc that is trying to sell something.
There is no gimmick when it comes to monero, and to say such is in my opinion ignorant. But I digress, to each his own, obviously you have your own views and goals that are not exactly aligned to what I am speaking to.
privacy is upto the individual it won't be solved by a crypto.
Privacy is up to an individual, but it is also the tools that such an individual utilizes which allows them to have privacy.
i.e. a door, a safe, a wall, ENCRYPTION, cryptography etc.
Monero is just a tool just like those things. Otherwise everyone would be living in glass houses and all banking information would be plastered on the internet for all to see.
