CMV: XMR + view-keys = ZEC

@bulletbill22 if they wanted the could've 'forced' us to make transcations with view key for all of moneros view key existance (which is years).

they never did it though

the new viewkeys will make air gapped hardware wallets easier, which is a huge benfit

listen to some monerotalk podcasts, with monero core devs

if it was 10 years ago and the CEXs had a monopoly on monero transactions, this would be a scary possibility. They don't anymore. They will have to compete with all the decentralised options that we already have and more that are being developed.

If some CEX decided to require view keys, no one will have to use it. In the same way that no one uses KYC exchanges anymore either. The time they had control over monero is long since over.

On the other hand viewkeys are so useful for things like storefronts, who can confirm payments have arrived without having to connect their spend key the whole time. Massive improvement to monero potential adoption.

@esna7
If CEX's tried that with IVK then it would be trivially easy to smugle non complaint funds into and out of their 'transparent pool' without causing an immediete anomaly (by matching utxo sizes). OVK would facillitate completely reliable tracing of funds in a 'transparent pool'.

Air gap is easy with feather wallet anyway.
All this saves is a scanning a couple of qr codes to check your balance. Not such an upgrade since you'll be scanning codes to broadcast transactions anyway.

@tuw8
I think you'd be surprised.
There's limited liquidity on haveno which is the only truly decentralized exchange.
The other swaps are permissioned, require temporary loss of custody, and largely rely on third party liquidity providers.
Local Monero was the best but where is that now?

swap providers are usable as liquidity without KYC, while not perfect. We have Serai in the pipeline and thorhcain apparently imminent. I don't think the average monero user's pipeline relies on Kraken or Kucoin at the moment, and things are only getting better from here. If Kucoin suddenly started wanting viewkeys it is easy to avoid them.

This is just old FUD that has resurfaced to try and suppress monero's recent popularity.

If CEX's tried that with IVK then it would be trivially easy to smugle non complaint funds into and out of their 'transparent pool' without causing an immediete anomaly (by matching utxo sizes).

This is such mental gymnastics. It's trivially easy to create a new wallet and only send it funds you use for the exchange too. That's way easier than this retarded nonsense.

@bulletbill22 you should make a new coin and shepherd all the retards with your view to it.

@tuw8
You're right that you can use thse without KYC but the fact remains that the providers have the power to impose the term required of them by law. We are on thin ice by relying on a permissioned system.
As your serai and thorchain... I'll believe it when I see it. The code is not that hard, but the problem is raising sufficient liquidity for permissionless pools with the overhanging legal risk. I think that thor validators are too centralized at the moment to realistically do that. I don't know about serai. Does it bring some new tech to break this stalemate?

@Nebuchadnezzar_II that's just one wallet and just because it exists doesn't mean it's easy to do

iirc. it was not about UX, but the developmemt of cold wallets