The Monero blockchain can NOT be verified with a pubkey. A Monero Transaction Can be verified, That is a BIG difference.
Yes thanks for correction.
Why would you want to verify other's transactions? That is the entire point, that you shouldn't.
If the protocol and the encoding procedure is bug-free, then it's just as valid transaction even if it's masked. And we know the whole point of hash functions and public key cryptography is that you cant recreate the same data from different source, collision protection.
If that mechanism is sound, then who cares what the transaction is, nobody can steal your money and nobody even knows who and how much money they have. Only those that you do business with will.
That is the whole point. You don't need a public ledge, a rich list, and such. It's very privacy invasive.
It’s all based on trust: trust in the “hopium” than that the client you happen to be using actually faithfully implements the protocol; trust in the
‘experts’ that the chain is ok when either some rogue group says it isn’t or when your own client software says it isn’t; trust in developers that the code isn’t doing some mad corrupt leakage out to an address that nobody can see or audit; trust in a centralised encryption algorithm that it won't be sprung open with a can opener a few years down the line to reveal every transaction in history. (A 'viewkey' doesn't in the least change this fact by the way. All a viewkey is is a private key with read-only privilages, it isn't a substitute for a fully transparent chain).
Just as with Dash's hopium that the Masternode system won't be broken or abused in some way.
...etc...
Did you even READ what Toknormal said? There is no "Hopium" as you can SEE everything done on the blockchain, you simply can't TRACE it. The Inputs and outputs are clear, Dash mixes by creating exactly the same denominations and entering them in the block chain at the same time, input = output and thus with one round, an output has 3 possible inputs. Do this once, you have the same amount of "mixing" as Monero has. But there is a possibility that the Masternode, who only gets chosen 1:4500 times, is spying, so we allow for as many rounds of mixing as you care to do. After 8 rounds of mixing, even if someone can spy with 80% of the masternodes, the likelihood of seeing where funds are is minuscule. And that's basically for the paranoid, because Masternodes are well distributed and all over the world.
In Monero, you can not see the blockchain. Inputs and outputs are obfuscated in a mess. Which by the way, how do you know there is no key to unravel? Dash does this with logic, not mathematical trickery. Who can know if there is a key to unravel a "one way encryption"? This part I may be ignorant on, but as I can't understand it, I don't trust it. They already had their system cracked a couple of years ago, with all previous transactions exposed, how do we know that won't happen again? Dash uses pure logic and statistics. With that, you can keep a transparent blockchain that can be audited to make sure it is functioning properly, that no extra coins were somehow inserted that weren't part of the rewards produced, etc... It also allows for functions where a transparent blockchain is desirable, such as charities that want to show how their funds are spent, or the Core team, who do not mix their funds, and clearly show how they are spending funds so we can see if they are trustworthy or not.
And without the transparent blockchain, without this system of Masternodes, without the budget system, there could be no Evolution. Evolution will be a completely decentralized yet easy to use system, like logging into your bank account, moving funds to different "accounts" and making payments as easily as Paypal. ALL DECENTRALIZED!!! No "3rd party service" which is what web wallets are, BTW, so know your funds are as at risk there as they are in an exchange.
Anyway, I hope this helps, if you still don't see the value, please stop shilling Monero here, you won't get anywhere with it with this audience.