this post was submitted on 13 Oct 2023
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Privacy
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But you actually don't know what monero is being used for when it's used in transactions, no one does. You just have a bias that if people want to keep their transactions secret, it must be illegal.
You could make the same argument for cash.
It's a little harder to lug around millions in cash without anyone noticing.
Not all secret transactions are illegal, but the people who are doing illegal transactions will do anything they can to keep them secret.
Not really. At the time cash was created it was simply for exchanging value, because we didn't have anything better. It's just legacy currency now.
Most of the people using Monero are drug lords are foreign counties. You can get similar privacy with cash and it doesn't have the same crime issue.
I also mentioned taler because it provides privacy for the spender but not the receiver. The idea is that there will be less ways to effectively take dark money while protecting the rights of the consumer