The privacy that coins like Monero give far outweighs all the illegal uses of it, everyone has a right to privacy that shouldn't be taken away After seeing Binance disable privacy coins in multiple countries, I think it's important to keep in mind that governments do have a good reason for banning these coins, as a lot of illegal activity is made easier and hidden this way. But banning it takes away something more, namely the privacy that everyone has a right to, and this is just a trade off that comes with privacy and freedom of finances. Nothing comes without its downsides, it's more about the evaluation of pros and cons and seeing if the pros outweigh the cons. It simply has more benefits than the harm it does. In this case it's something that everyone should have the right to, Privacy. I don't think this is even worth evaluation, as it's so easy to see that the right of privacy far outweighs all the cons that comes with it, with all the hidden and illegal activity. So I can't believe that they don't even hesitate to take action against coins that give privacy as if it's a threat. I'm still curious to hear if anyone has any good arguments as well against it. jump to content my subreddits edit subscriptions popular -all -random -users | AskReddit -funny -worldnews -pics -todayilearned -mildlyinteresting -news -gaming -movies -explainlikeimfive -aww -tifu -videos -TwoXChromosomes -Jokes -Art -LifeProTips -OldSchoolCool -Music -nottheonion -Futurology -Showerthoughts -dataisbeautiful -books -IAmA -askscience -science -space -nosleep -food -photoshopbattles -DIY -gifs -gadgets -WritingPrompts -sports -creepy -history -GetMotivated -announcements -InternetIsBeautiful -Documentaries -EarthPorn -philosophy -UpliftingNews -listentothis -blog more » CryptoCurrency comments Want to join? Log in or sign up in seconds. 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But banning it takes away something more, namely the privacy that everyone has a right to, and this is just a trade off that comes with privacy and freedom of finances. Nothing comes without its downsides, it's more about the evaluation of pros and cons and seeing if the pros outweigh the cons. It simply has more benefits than the harm it does. In this case it's something that everyone should have the right to, Privacy. I don't think this is even worth evaluation, as it's so easy to see that the right of privacy far outweighs all the cons that comes with it, with all the hidden and illegal activity. So I can't believe that they don't even hesitate to take action against coins that give privacy as if it's a threat. I'm still curious to hear if anyone has any good arguments as well against it. [–]CointestMod[M] [score hidden] 9 days ago stickied commentlocked comment (3 children) Monero pros & cons with related info are in the collapsed comments below. permalink embed save report give award load more comments (3 replies) [–]Florian995Tin 169 points170 points171 points 9 days ago (29 children) The USD is the most used asset for illegal activity. Nobody cares. Monero os just put into a bad light because governments don’t like privacy permalink embed save report give award reply [–]Killertimme 14 points15 points16 points 9 days ago (9 children) Although USD is pretty private, it is also private for them to hide their shady business. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 25 points26 points27 points 9 days ago (8 children) Privacy for them, not for us permalink embed save parent report give award reply [–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 20 points21 points22 points 9 days ago (7 children) This statement will literally come true when they create CBDCs Nobody can see what goes on in these CBDCs transactions, but only the government can see everything permalink embed save parent report give award reply [–]hansjerry 4 points5 points6 points 9 days ago (2 children) Exactly, even with the US dollar, the govt can't track paper transactions but that's not the case with a CBDC where every move will be documented permalink embed save parent report give award reply [+][deleted] 8 days ago* (1 child) [deleted] [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 1 point2 points3 points 8 days ago (0 children) Yup.. people buying everything they get with a credit card whining about privacy is kind of funny. Don't get me wrong, governments infringing on our privacy is bad and should be fought at every turn, but thinking this enormous mega corp is any better is laughable, especially when those mega corps happily work with the government to give them whatever they need. permalink embed save report give award reply [–]Jim--CramerPermabanned 7 points8 points9 points 9 days ago (3 children) And also score a chunk of supply for themselves permalink embed save parent report give award reply [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 0 points1 point2 points 8 days ago (2 children) I don't think you understand how money works. The government doesn't have much use for money, because they issue it. They regulate the supply of money and inject it into certain spots in the economy, but they don't need to keep supply. If they did, it would be exactly the same as never issuing the money in the first place. permalink embed save parent report give award reply [–]wright007Tin 0 points1 point2 points 8 days ago (1 child) I don't think you understand how REAL money works. Hard currency like Bitcoin and Gold are not controlled by governments and as such are not issued at the whim of the banks. The inflation rates of real money are predicable, which is why they are scarce, which is why they are "hard" money. permalink embed save parent report give award reply [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 0 points1 point2 points 8 days ago (0 children) Inflation is never predictable, regardless of how it's denominated. A lot more goes into inflation than money supply, which is why the money supply in the US has been dropping for over a year but inflation keeps happening. Also, neither gold nor BTC operate as a currency in 2023. Aside from that, the comment I was replying to was claiming that the government would hoard a CBDC which makes no sense at all. Are you really arguing against that? Your comment is completely unrelated to what I said. permalink embed save parent report give award reply [–]To_The_M000NTin 2 points3 points4 points 9 days ago (0 children) Exactly this! permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 17 points18 points19 points 9 days ago (5 children) Nobody cares. That's not correct. Plenty of people care. But it's impossible to control. permalink embed save parent report give award reply [–]weoutside3 4 points5 points6 points 8 days ago (0 children) Abolishing cash would be a start, which I think they want to do permalink embed save parent report give award reply [–]thinkfireTin | GMEJungle 44 | Superstonk 83 0 points1 point2 points 9 days ago (2 children) Nah. permalink embed save parent report give award reply [–]WorriedComparison189Permabanned 5 points6 points7 points 8 days ago (0 children) Happy cake day 🥳 permalink embed save parent report give award reply [–]helobro11Permabanned 1 point2 points3 points 8 days ago (0 children) Happy cake day permalink embed save parent report give award reply [–]Jim--CramerPermabanned 0 points1 point2 points 9 days ago (0 children) And track publicly permalink embed save parent report give award reply [–]Jay_Popsicle_ 2 points3 points4 points 9 days ago (0 children) Isn't it obvious? That's how they play. permalink embed save parent report give award reply [–]1984isreddit 3 points4 points5 points 9 days ago (0 children) Banks like HSBC continue to pay regular fines for repeated money laundering for cartels and CIA, cash is king. Banks dont launder monero, do they? permalink embed save parent report give award reply [–]ArcosimSilver | QC: CC 51 | VET 22 | Technology 39 1 point2 points3 points 9 days ago (0 children) Reminds me of Pablo Escobar's green literal mountain of money. permalink embed save parent report give award reply [–]Ok-Supermarket-6747Tin 2 points3 points4 points 9 days ago (1 child) Exactly. USD already does this function on paper permalink embed save parent report give award reply [–]ricozuriPlatinum | QC: CC 25 1 point2 points3 points 9 days ago (0 children) Perhaps you mean IN paper, rather than ON paper. permalink embed save parent report give award reply [–]crossthrowsPlatinum | QC: CC 105 | r/WSB 14 0 points1 point2 points 8 days ago (0 children) the illusion permalink embed save parent report give award reply [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 0 points1 point2 points 8 days ago (0 children) Sure, but literally billions of people use USD, and the vast majority of them have never heard of Monero. TIn fact, the number of people who use USD minus the number of people who even know what Monero is is roughly equal to the number of people who use USD. In the world of global finance, crypto is basically a rounding error, and Monero is a rounding error within crypto. The difference is that a much higher percentage of Monero transactions are for illegal purposes.. that's not to say we should ban it, and honestly, it's one of the few cryptos that actually has a use case imo, but your argument here is kind of irrelevant. If anything, you're highlighting how useful the USD is from a privacy perspective. permalink embed save parent report give award reply [–]OneThatNoseOnePlatinum | QC: CC 40 0 points1 point2 points 8 days ago (0 children) It's so stupid. It's like saying ban food because criminals eat as well. We should ban air while we're at it. permalink embed save parent report give award reply [–]beaubeautasticBronze | Onions 12 0 points1 point2 points 8 days ago (0 children) im bullish on monero just cause of the bans. finna get rich permalink embed save parent report give award reply [–]moeljillsBronze | CRO 10 | Unpop.Opin. 12 0 points1 point2 points 7 days ago (0 children) Also. One of the great things about crypto is transparency. But in a few years that will be a double edged sword. You will be able to type in anyone's names and publicly see the transactions they have made and the contents of their wallets. This is why we need privacy coins permalink embed save parent report give award reply [–]Plebian1994 86 points87 points88 points 9 days ago (59 children) Monero is definitely going to be an important coin in the future as governments launch CBDCs slowly get rid of cash and begin monitoring every transaction we make. Criminals aren't the only people who want privacy. permalink embed save report give award reply [–]Wise-Grapefruit-1443 24 points25 points26 points 9 days ago (35 children) All crypto, but especially privacy coins, will take off if CBDCs gain any traction permalink embed save parent report give award reply [–]DreadaussieBronze | QC: CC 19 24 points25 points26 points 9 days ago (31 children) I doubt it, to many people can’t be bothered with privacy coins. 80% of the population will just take what the government gives them. permalink embed save parent report give award reply [+][deleted] 9 days ago (3 children) [deleted] [–]zmoonerBronze | 5 months old 2 points3 points4 points 9 days ago (0 children) So we will be the new 1%? #OccupyWallStreet upside down. permalink embed save report give award reply [–]DreadaussieBronze | QC: CC 19 1 point2 points3 points 9 days ago (0 children) You gotta give him a chance to argue his point. permalink embed save report give award reply [–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 1 point2 points3 points 9 days ago (0 children) And unfortunately the 1% arguing for privacy coins in the population will mainly just be the maxis of crypto bros.. which makes the number closer to 0.01% I feel permalink embed save report give award reply [–]-TrustyDwarf-Silver | QC: XMR 368, CC 168, ALGO 34 | NANO 42 | r/Prog. 33 4 points5 points6 points 9 days ago (1 child) So 20% of the population will use Monero? We'll go to the moon! permalink embed save parent report give award reply [–]DreadaussieBronze | QC: CC 19 4 points5 points6 points 9 days ago (0 children) You’ll never know how many people are using it hahaha. permalink embed save parent report give award reply [–]Plebian1994 3 points4 points5 points 9 days ago (24 children) No I agree with him. People might feel the need to turn to privacy coins because they have no choice in the future if it gets bad enough. You would be surprised what people will do when they are motivated enough permalink embed save parent report give award reply [–]DreadaussieBronze | QC: CC 19 14 points15 points16 points 9 days ago (23 children) People don’t want crypto because it’s not user friendly, so if you go tell those same people to go to some hard to use slightly sketchy looking defi platform to get XMR they just won’t. permalink embed save parent report give award reply [–]ShortFrothPlatinum | QC: XMR 125 3 points4 points5 points 9 days ago* (0 children) There is a subreddit on reddit that cant be named here. It starts with r/ Dark and ends with net. It serves a snapshot of how normies go and learn to use things if they have to in order to get what they really want regardless of the consequences and hurdles. ​ TBH its pretty painful to watch them struggle to learn how it all works. permalink embed save parent report give award reply [+][deleted] 9 days ago (21 children) [deleted] [–]StruggleBus619Tin | 3 months old 12 points13 points14 points 9 days ago (2 children) I think you're vastly under estimating the how big the section of society that won't care about privacy and use the CBDCs anyway. The whole reason society as a whole has careened towards where it is now with overall privacy invasion is specifically because the majority of people feel "well i have nothing to hide, so 🤷". permalink embed save report give award reply [–]Plebian1994 -1 points0 points1 point 9 days ago (1 child) I feel like I'm underestimating it somewhat but again this is a scenario where the use of CBDCs become so tyrannical that people feel they have no choice but to look for any other option to escape the tyranny brought by CBDCs. Which is going to happen eventually. There is a reason the government is attacking decentralized crypto so much and trying to push for CBDCs permalink embed save parent report give award reply [–]DreadaussieBronze | QC: CC 19 6 points7 points8 points 9 days ago (17 children) People hate banks but still use them even though crypto exists. permalink embed save report give award reply [–]lubimboPlatinum | QC: CC 28 6 points7 points8 points 9 days ago (0 children) They just prefer the "safety" of not beeing responsible for their funds. permalink embed save parent report give award reply [+][deleted] 9 days ago (12 children) [deleted] [–]DreadaussieBronze | QC: CC 19 3 points4 points5 points 9 days ago (7 children) So like normal banks can become? permalink embed save report give award reply [–]Plebian1994 3 points4 points5 points 9 days ago (6 children) Yes but we haven't got to that point of tyranny in the US. CBDCs are meant to implement this to control and manipulate our actions with the threat to take away ur way to survive permalink embed save parent report give award reply continue this thread [–]rcp_5 1 point2 points3 points 9 days ago (3 children) shutting down ur access to ur funds if u protest against the wrong thing etc I scroll this sub a lot trying to figure out what the privacy issue is with fiat currency to begin with, and now I think I figured it out. Were you recently protesting and put on a list or something? permalink embed save report give award reply [–]Plebian1994 5 points6 points7 points 9 days ago (2 children) No dude 🤣I mean I'm probably on a list but that's not the point. We have the right to protest anything we want. And the government threatening people's finances for protesting is the definition of an authoritarian government. Or do you want to live in a country like China is that ur goal? permalink embed save parent report give award reply continue this thread [–]obsydianFalconTin 0 points1 point2 points 9 days ago (1 child) Well what else would they use? Crypto platforms have terrible reputations after all of last year and at the very least Banks are "regulated" (more than crypto) and insured. permalink embed save parent report give award reply [–]DreadaussieBronze | QC: CC 19 2 points3 points4 points 9 days ago (0 children) That’s what I’m saying, people are just going to use banks or CBDCs whatever the government tells them to use. permalink embed save parent report give award reply [–]tiktaktok_65Bronze | QC: CC 21 1 point2 points3 points 9 days ago (0 children) you are delusional. just look at internet and smartphone penetration. a smartphone is the worst possible device for your personal privacy as it turns you into a beacon that navigates through a sea of data that sits on the real world leaving measurable ripples in your wake allwoing anyone to map you on both. how many people prefer the convenience that interaction between digital and real world brings over the added privacy in staying off the grid? the battle for privacy is already lost and future generations will just make staying offline more difficult. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 0 points1 point2 points 9 days ago (0 children) All crypto, but especially privacy coins, will take off if CBDCs gain any traction Why privacy coins especially? I can understand the argument regarding it increasing general crypto uptake, but CBDCs don't make BTC/ETH any worse. permalink embed save parent report give award reply [–]mangopie220Platinum | QC: CC 243 0 points1 point2 points 9 days ago (0 children) Nah. If governemnt ban privacy coins, traders and retailers won't use crypto as they still need cash to pay for operations, and stuffs. permalink embed save parent report give award reply [–]drunk_phishTin | Superstonk 20 2 points3 points4 points 9 days ago (0 children) Sad enough, people in power still believe too well in the mantra of "one bad apple ruins the entire bunch" when it comes to potentially losing their power. permalink embed save parent report give award reply [–]partymslPlatinum | QC: CC 702 | r/WSB 16 10 points11 points12 points 9 days ago (7 children) I always hope for a future where people finally realise how important our privacy is… permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 6 points7 points8 points 9 days ago (1 child) They'll realize it only after it's far to late. permalink embed save parent report give award reply [–]SkuniMasterMind 5 points6 points7 points 8 days ago (0 children) Its right of passage, you dont know how important something is till you desperately need it - and its not there permalink embed save parent report give award reply [–]BakschPlatinum | QC: CC 31 5 points6 points7 points 9 days ago (0 children) It'll probably take a few million dead from Gulag 2.0 for people to truly grasp the evil this total control will allow. permalink embed save parent report give award reply [–]Plebian1994 3 points4 points5 points 9 days ago (2 children) It feels like with social media it's going to be almost impossible to be anonymous these days. Everyone will know who u are and what u are doing at all times. Which is why I like using Reddit tbh. Keeps a lot of the personal insults and drama out of social media permalink embed save parent report give award reply [–]pb__ 2 points3 points4 points 9 days ago (1 child) As a regular user of IRC and forums, I was utterly shocked when people started posting stuff under their real name (facebook etc.). Sure, you always left a trace of IP and your nickname could often be connected to the real word you with some effort, but to leave your full name in the open just like that, for anyone to see and find? It was surreal to me. And now it's the new normal... permalink embed save parent report give award reply [–]Plebian1994 0 points1 point2 points 8 days ago (0 children) Yup and now we have people basically live streaming there entire lives 🤣it's a slippery slope for sure I've basically gave up on any kind of privacy anymore permalink embed save parent report give award reply [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 0 points1 point2 points 8 days ago (0 children) Surveillance capitalism will ensure that never happens. permalink embed save parent report give award reply [–]Amir__oscarTin | 1 month old 1 point2 points3 points 9 days ago (0 children) In my opinion, considering the legal framework can solve some problems. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 3 points4 points5 points 9 days ago (5 children) Monero is definitely going to be an important coin in the future as governments launch CBDCs How does a launch of CBDCs increase adoption of Monero, as opposed to bitcoin/eth or any other existing crypto which is not controlled by the government? permalink embed save parent report give award reply [–]Plebian1994 5 points6 points7 points 9 days ago* (4 children) CBDCs aren't cash dude......if we move to a completely cashless society where every transaction is monitored privacy coins will be all the rage permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 -3 points-2 points-1 points 9 days ago (3 children) I'm not suggesting to leave in CBDCs. I understand the downsides. I'm asking why you believe it needs to be privacy coins and not other existing crypto such as btc/eth. Unless you believe that btc/eth based crypto isn't viable for mass adoption? permalink embed save parent report give award reply [–]Plebian1994 0 points1 point2 points 9 days ago (2 children) No I do. But there might be other things going on in the future with technology that makes the need for privacy almost a necessity.....at least somewhat. With AI and other things who knows what could happen. I'm sure Bitcoin and Ethereum will be just fine for mass adoption I just feel like privacy coins will almost be a necessity at some point with the advancements in technology. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 2 points3 points4 points 9 days ago (1 child) But there might be other things going on in the future with technology that makes the need for privacy almost a necessity.....at least somewhat. With AI and other things who knows what could happen. Your original argument was that it would be CBDCs that would drive the adoption of privacy coins. This is a different argument. permalink embed save parent report give award reply [–]Plebian1994 0 points1 point2 points 9 days ago (0 children) CBDCs alongside other things like no privacy in the future because technology and AI has become too powerful......that's my whole point. If technology has increased to a point where people have no privacy on any of their transactions or where they are going with facial recognition flying robots AI online with databases showing who u are etc. The need for privacy coins will be very great permalink embed save parent report give award reply [–]Lokiee0077 1 point2 points3 points 9 days ago (0 children) Bullish on Privacy Coins permalink embed save parent report give award reply [–]Nagemasu 0 points1 point2 points 8 days ago (4 children) Slippery slope fallacy. Your bank transactions are already monitored, and there's no evidence physical cash will ever be abolished. In fact, it can't be because it's the only way to exchange money without power. permalink embed save parent report give award reply [–]Plebian1994 0 points1 point2 points 8 days ago (3 children) It won't be "abolished" but businesses ALREADY aren't accepting cash. You go to a basketball game? They don't accept cash anymore. There plan is to slowly get all companies to a point where they no longer accept cash permalink embed save parent report give award reply [–]Nagemasu 0 points1 point2 points 8 days ago (2 children) There plan Whose plan? The Illuminati? You understand how that sounds right? You're simply making assumptions based on fear. Slippery slope --> conspiracy. permalink embed save parent report give award reply [–]Plebian1994 -1 points0 points1 point 8 days ago (1 child) The WEF literally tells you their exact plans and this is part of them 😭if ur too stupid to look into it then that's ur fault. You will own nothing and be happy is not a conspiracy permalink embed save parent report give award reply [–]Nagemasu 0 points1 point2 points 8 days ago (0 children) The WEF lol calling others stupid and talking about a private organisation as if they have any power as evidence of a future where no cash exists. You are already in the conspiracy hole, that's why the slippery slope fallacy appears real to you. permalink embed save parent report give award reply [–]Karyo_TenSilver | QC: ETH 20 | Buttcoin 34 -3 points-2 points-1 points 9 days ago (0 children) Elon Musk approves. He wanted privacy for his private jets so he bought Twitter to silence the alerters on billionaires polluting. permalink embed save parent report give award reply [–]NoraxxzocktPermabanned 101 points102 points103 points 9 days ago (35 children) The more governments gonna lean towards CBDCs, the more i am gonna support and use monero. permalink embed save report give award reply [–]partymslPlatinum | QC: CC 702 | r/WSB 16 39 points40 points41 points 9 days ago (17 children) And the more they try to ban Monero, the more we actually know it is working permalink embed save parent report give award reply [–]ShortFrothPlatinum | QC: XMR 125 14 points15 points16 points 9 days ago (6 children) plus the more they ban it, the more private it becomes. Its biggest privacy weakness is the mass aggregate of data supplied by exchanges. permalink embed save parent report give award reply [–]AEthersense 4 points5 points6 points 9 days ago (1 child) Even with KYC from exchanges monero to monero transfers are private. permalink embed save parent report give award reply [–]ShortFrothPlatinum | QC: XMR 125 3 points4 points5 points 9 days ago (0 children) There are some possible attacks. Spend an input received from an exchange and they know there is some some really low % chance that it was you. Spend 10 inputs in one transaction that were received from an exchange and they know for for a really high % chance it was you. Spend those 10 inputs into captured colluding entity and they got you as very likely as the true spender. ​ The exchanges know the true spends of the transactions it sent to your address in the withdrawal. If they feed this data to ChainAnal, that makes for a fat list of unconvincing decoys. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 13 points14 points15 points 9 days ago (0 children) Monero is incredibly underrated. permalink embed save parent report give award reply [–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 3 points4 points5 points 9 days ago (1 child) So ban is ironically.. bullish for Monero? Lol permalink embed save parent report give award reply [–]SkuniMasterMind 2 points3 points4 points 8 days ago (0 children) Is it ironic really? Seems like its by design working as intended :D permalink embed save parent report give award reply [–]illhaveubent 2 points3 points4 points 9 days ago (0 children) It also removes many of the investors while leaving most of the people actually using it as a currency. I think this might contribute to the stability of it's value. permalink embed save parent report give award reply [–]deathbyfish13Free Range Moon Farmer 10 points11 points12 points 9 days ago (2 children) The more they try to ban it, the more boating accidents there will be permalink embed save parent report give award reply [–]Kodeshii 4 points5 points6 points 9 days ago (1 child) Boating accident insurance salesman employment will go up! permalink embed save parent report give award reply [–]Defiant-Appeal3934 5 points6 points7 points 9 days ago (0 children) And boat sales will go, down? I'm no sailor. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 -1 points0 points1 point 9 days ago (6 children) But is this really the path we want to see crypto go down? "Crypto" and "governments" need to determine a way to work together in harmony if we ever want to see crypto truly adopted. permalink embed save parent report give award reply [–]BakschPlatinum | QC: CC 31 13 points14 points15 points 9 days ago (3 children) Nope, government is owned by big banks and other big money. You can't expect the feudal overlords to give up control without a fight. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 1 point2 points3 points 9 days ago (2 children) Of course they won't give up without a fight. And crypto will never be able to be used as a viable alternative for the masses if there is not some kind of agreement eventually reached. Crypto will remain as a partially adopted fringe solution that won't reach it's full potential. permalink embed save parent report give award reply [–]amusingjapester23 1 point2 points3 points 9 days ago (0 children) Pot became a drug of the masses in the US, before government did anything to endorse it. permalink embed save parent report give award reply [–]wright007Tin 0 points1 point2 points 8 days ago (0 children) What reasons do you have to support this claim? I'm not sure it's true. I suspect that mass adoption could occur in multiple different ways, not just government endorsements. permalink embed save parent report give award reply [–]ayleidanthropologistTin | Politics 17 1 point2 points3 points 9 days ago* (0 children) That sounds not at all like what governments want. permalink embed save parent report give award reply [–]trimalcusTin 13 points14 points15 points 9 days ago (3 children) Supporting by mining with your CPU if you can permalink embed save parent report give award reply [–]Daddio_87 5 points6 points7 points 9 days ago (2 children) This is the next step for me. I just haven't taken it yet. permalink embed save parent report give award reply [–]trimalcusTin 9 points10 points11 points 9 days ago (1 child) Easiest way is to use XMRig and pick a small pool to help decentralization. Like Aterx.com, minernode. Etc.. but you will have some small fees. Best way is to use P2Pool. No fees at all. Fully decentralized permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3 points4 points 9 days ago (0 children) Started like this following a friend's recommendation and never stopped. P2Pool is just great. permalink embed save parent report give award reply [–]Elie0_0[S] 3 points4 points5 points 9 days ago (8 children) The pros CBDCs have are literally nothing compared to the fact that they can control your transaction. permalink embed save parent report give award reply [–]NoraxxzocktPermabanned 6 points7 points8 points 9 days ago (4 children) exactly, money with an expiry date and transactions being reversed on command is ridiculous to say the least. permalink embed save parent report give award reply [–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 3 points4 points5 points 9 days ago (1 child) CBDCs only have pros for the government and cons for everyone else Monero mainly have pros for everyone else, and cons for the government permalink embed save parent report give award reply [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 0 points1 point2 points 8 days ago (0 children) As long as Monero remains niche and relatively unused, agreed. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1 point2 points 9 days ago (0 children) That is not money, it is simply a damn scam permalink embed save parent report give award reply [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 0 points1 point2 points 8 days ago (0 children) No government will ever implement expiration dates. Whoever told you that is an idiot and a liar who's just trying to get you mad. That's not to say we shouldn't opposed CBDC's, but there's literally nothing in it for them. permalink embed save parent report give award reply [–]3utt5lut 0 points1 point2 points 9 days ago (2 children) They don't like what you're doing? - funds frozen - permalink embed save parent report give award reply [–]illhaveubent 1 point2 points3 points 9 days ago (1 child) They did it in Canada permalink embed save parent report give award reply [–]3utt5lut 0 points1 point2 points 9 days ago (0 children) They tried to do it in Canada, and failed when the non-custodial wallet branch replied that they have no control over the wallets! That's why there's that big push for CBDCs now! permalink embed save parent report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 0 points1 point2 points 9 days ago (1 child) How do you intend to do that and what do you use it for? If a government bans it then how do I buy it or cash out? Asking for a friend... permalink embed save parent report give award reply [–]kuri-kuma 2 points3 points4 points 9 days ago (0 children) DeFi permalink embed save parent report give award reply [–]3utt5lut 0 points1 point2 points 9 days ago (0 children) Try to get into no-KYC as much as possible, so many people think that just because you like privacy, that you're doing illegal activities. I don't remember there being a law that you aren't allowed to access international trade markets? Those markets don't pertain to the same laws as your country does, that's why your country wants you to use "their" services, so they can control you and force you to pay them money for that service. permalink embed save parent report give award reply [–]ra246Gentleman. 18 points19 points20 points 9 days ago (1 child) I probably should have been doing so, but I'm going to start stacking $XMR for this exact reason. None of us want the government's to see every penny we spend. permalink embed save report give award reply [–]SkuniMasterMind 3 points4 points5 points 8 days ago (0 children) Or even worse, every peeny we own permalink embed save parent report give award reply [–]Napoleon_2461 - 2 years account age. -15 - 35 comment karma. 5 points6 points7 points 9 days ago (1 child) I think that we have to accept that governments will always be hostile to coins like Monero and it'll only be possible to utilize them with adequate technical knowledge permalink embed save report give award reply [–]ripple_mcgeePlatinum | QC: CC 44 | CRO 19 | ExchSubs 19 0 points1 point2 points 9 days ago (0 children) SOME governments will be hostile to privacy coins, but others will not...and as long as the internet exists, crypto will have an avenue to trade within borders of open governments...I'm thinking like the UAE for example. permalink embed save parent report give award reply [–]NotAnAlcoholicTodayPlatinum | QC: CC 93, XTZ 32 16 points17 points18 points 9 days ago (0 children) Yeah. I think I'm gonna stop buying any other coins and become a Monero maxi at this point. Privacy is extremely important, and will only become more important as we move along with newer tech. permalink embed save report give award reply [–]Dull-Wear-3286 39 points40 points41 points 9 days ago (4 children) Monero is a people's coin. permalink embed save report give award reply [–]Killertimme 13 points14 points15 points 9 days ago (1 child) Privacy is a human right. permalink embed save parent report give award reply [–]pb__ 6 points7 points8 points 9 days ago (0 children) Imagine banning curtains and blinds because some people use them to hide crimes. permalink embed save parent report give award reply [–]Odd-Radio-8500Tin | 2 months old 7 points8 points9 points 9 days ago* (0 children) I consider Monero "yOur coins yOur rights" permalink embed save parent report give award reply [–]HackerpcsTin | Technology 41 1 point2 points3 points 8 days ago (0 children) It's what Bitcoin was supposed to be originally without all the investment bullshit that happened after. permalink embed save parent report give award reply [–]Technical-Western897 18 points19 points20 points 9 days ago (2 children) I would never use cryptocurrency with IRL people because they can literally view my entire balance & transactions. Privacy is required for adaption. permalink embed save report give award reply [–]Zap1324Tin 2 points3 points4 points 9 days ago (0 children) You shouldn’t have a wallet with your entire balance interacting with anything even if it was private. permalink embed save parent report give award reply [–]Objective_Digit -1 points0 points1 point 8 days ago (0 children) You think credit card txs can't be traced? permalink embed save parent report give award reply [–]bbtto22Platinum | QC: CC 552 34 points35 points36 points 9 days ago (5 children) Coins like monero have to exist it’s a freedom they can never take away from us permalink embed save report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 10 points11 points12 points 9 days ago (0 children) I really need to convert all my alts to xmr. I keep putting it off and it will eventually bite me in the ass permalink embed save parent report give award reply [–]good2youallBanned 4 points5 points6 points 9 days ago (1 child) Sadly its a freedom that they’ll always attempt to take permalink embed save parent report give award reply [–]bbtto22Platinum | QC: CC 552 4 points5 points6 points 9 days ago (0 children) It’s a battle they are not going to win permalink embed save parent report give award reply [–]Impossible_Soup_1932Platinum | QC: CC 286 | ADA 8 3 points4 points5 points 9 days ago (1 child) We can always buy gold and hide it under the bed permalink embed save parent report give award reply [–]bbtto22Platinum | QC: CC 552 5 points6 points7 points 9 days ago (0 children) The more options and more freedoms the better permalink embed save parent report give award reply [–]AnimeFlamingo 25 points26 points27 points 9 days ago (0 children) Monero is truly a blessing. And it has not been compromised, even with bounty’s on it permalink embed save report give award reply [–]BrocoliAssassinSilver | QC: BTC 218, CC 105 | CelsiusNet. 25 10 points11 points12 points 9 days ago (3 children) Once CBDC's hit we are going to see bigger attacks on privacy. I'm sure we will have a ton of people with the stupid saying of not needing privacy cause they have nothing to hide. permalink embed save report give award reply [–]partymslPlatinum | QC: CC 702 | r/WSB 16 1 point2 points3 points 9 days ago (1 child) Some would even be ready to outright sell their privacy. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 2 points3 points4 points 9 days ago (0 children) Some would even be ready to outright sell their privacy. Most people already do. How many people have some form of a store rewards/loyalty card? permalink embed save parent report give award reply [–]urbanhoodTin 0 points1 point2 points 9 days ago (0 children) Social media proves that point. permalink embed save parent report give award reply [–]Euphoric-Mode215Permabanned 2 points3 points4 points 9 days ago (0 children) you gotta pay one way or the other permalink embed save report give award reply [–]nick83487Platinum | QC: CC 829 22 points23 points24 points 9 days ago (9 children) The many shouldn't be punished for the crimes of the few permalink embed save report give award reply [–]Status_Floor1746Platinum | QC: CC 44[🍰] 13 points14 points15 points 9 days ago (3 children) Governments really specialize in the shotgun approach to regulations if we are being honest permalink embed save parent report give award reply [–]SQUIRMANDESAUR 4 points5 points6 points 9 days ago (1 child) They're also good at blaming the tool instead of the people using it. Like with their gun law and all that permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 7 points8 points9 points 9 days ago (0 children) It’s just like the fight to ban encryption. These tools will always be used for nefarious reasons, but people’s fundamental rights to privacy will always trump them. It’s not like these agencies can’t find other ways to get to the bad guys, they do it all the time. Outright banning it is just to make their lives easier and it’s at the expense of peoples privacy. permalink embed save parent report give award reply [–]Elie0_0[S] 2 points3 points4 points 9 days ago (0 children) Pretty much what's happening, interesting to see that many countries taking action against them permalink embed save parent report give award reply [–]rootplMoonwalker 0 points1 point2 points 9 days ago (0 children) If that's their approach we should ban cash too, after all, it's used by criminals. Politicians are a damn joke. permalink embed save parent report give award reply [–]MasterLogic -3 points-2 points-1 points 9 days ago (0 children) The few crimes are in the billions and they get the money stealing it from average people. Imagine if sbf had everything in Monroe, that's the type of person that's committing crimes using it, and getting away with it. Any coin that isn't bit/eth is only popular because you can do illegal things using it. (popular as in rug pulls/scams/money laundering/promising the moon) not popular because it's useful in real life. If you want to be protected and insured and potentially get your funds recovered 99.9% of these coins need to be deleted. Because the more shit there is the easier it is to hide where the money is. permalink embed save parent report give award reply [–]poptippp 5 points6 points7 points 9 days ago (0 children) Cash is more dangerous than Monero. permalink embed save report give award reply [–]urbanhikersPermabanned 5 points6 points7 points 9 days ago (0 children) Monero is getting more visibility due to government suppressions. permalink embed save report give award reply [–]deftaj 11 points12 points13 points 9 days ago (4 children) Binance will let Pepe onto their exchange but not Monero. Ridiculous permalink embed save report give award reply [–]Elie0_0[S] 6 points7 points8 points 9 days ago (1 child) They complied because otherwise they would have to shut down business in countries such as France, Spain, Poland and a few others that banned it. It makes sense for them to not want to lose such revenue, they'd go out of business soon if they tried to keep them on their exchanges against every country. permalink embed save parent report give award reply [–]Impossible_Soup_1932Platinum | QC: CC 286 | ADA 8 0 points1 point2 points 9 days ago (0 children) Indeed. Companies like Binances and not in crypto for their ideology. They exist to make money. Nobody doubts that. So we can't blame them for not turning this into a battle against governments permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 3 points4 points5 points 9 days ago (0 children) Binance will let Pepe onto their exchange but not Monero. Ridiculous Pepe doesn't pose a governmental threat to their business model. There is nothing more to it. permalink embed save parent report give award reply [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 0 points1 point2 points 8 days ago (0 children) A capitalist company doing the thing that makes them the most money? Did you expect something different? permalink embed save parent report give award reply [–]Mab_894Raise your Standards 6 points7 points8 points 9 days ago (1 child) Monero checks all the boxes. Obvious use case, decentralized, fair distribution, always improving its protocol. What more can you ask for? permalink embed save report give award reply [–]HadMatter217Platinum | QC: CC 49 | PoliticalHumor 168 0 points1 point2 points 8 days ago (0 children) Environmentally friendly permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 9 points10 points11 points 9 days ago (17 children) My guess is most, if not all governments will attempt to shut down the on/off ramps for monero. Pretty soon the only way we’ll be able to get it is thru defi swaps. permalink embed save report give award reply [–]imperator285World's Worst Boat Captain 8 points9 points10 points 9 days ago (9 children) Nah fam. Local Monero and bisq already exist. Serai and Haveno are on the way. Atomic Swaps with BTC and ETH exist too. Plus Monero ATMs. permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 1 point2 points3 points 9 days ago (8 children) Ohh, where are the ATMs? That's one situation I'd at least consider paying the higher fee permalink embed save parent report give award reply [–]imperator285World's Worst Boat Captain 1 point2 points3 points 9 days ago (7 children) https://coinatmradar.com/ My understanding is that there are very few ATMs that exclusively offer Monero. But there are many "crypto" ATMs that offer Monero. Please correct me if I'm mistaken. permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 0 points1 point2 points 9 days ago (6 children) I hope so, I have plenty of crypto ATMs by me but over even looked because I know fees are crazy high. One thing I'm willing to pay for is true privacy permalink embed save parent report give award reply [–]imperator285World's Worst Boat Captain 1 point2 points3 points 9 days ago (5 children) Yea honestly localmonero cash by mail is better option permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 0 points1 point2 points 9 days ago (4 children) How does that even work? Is there escrow or something? permalink embed save parent report give award reply [–]imperator285World's Worst Boat Captain 1 point2 points3 points 9 days ago (3 children) Yes on escrow. And sellers who have done hundreds/thousands of trades over several years with a 98/99% positive rating are not going to throw away those stats to steal a few hundred bucks from you. permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 1 point2 points3 points 9 days ago (2 children) We really need to get on/off ramps on TOR. Using the mail service works but kind of a pain for weekly purchases permalink embed save parent report give award reply [–]imperator285World's Worst Boat Captain 1 point2 points3 points 9 days ago (1 child) Yea keep an eye out for the release of either Haveno or Serai. I've heard good things but no betas yet. permalink embed save parent report give award reply continue this thread [–]DuncanDicksonPlatinum | QC: CC 23, XMR 20 3 points4 points5 points 9 days ago (0 children) Like some sort of peer to peer digital cash? permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 3 points4 points5 points 9 days ago (1 child) most, if not all governments will attempt to shut down the on/off ramps for monero And how would they go about doing that? Your on-ramp/off-ramp can be to any other crypto such as bitcoin. Once you're in the crypto ecosystem it's just a matter of swaps. permalink embed save parent report give award reply [–]missmuffin__Redditor for 5 months. 1 point2 points3 points 9 days ago (0 children) Is there a bridge from monero to eth? Not just an erc20 wrapper, but actually get to and from the monero chain? permalink embed save parent report give award reply [–]Elie0_0[S] 1 point2 points3 points 9 days ago* (1 child) Yeah, it seems as if privacy also will come with it's diffuculties as it won't be as easy to get or use anymore. But at the same time, buying privacy coins on CEXs aren't that private, if they require KYC that is, so in a way true privacy always did require more. permalink embed save parent report give award reply [–]missmuffin__Redditor for 5 months. 1 point2 points3 points 9 days ago (0 children) What if you have two monero accounts? One to interact with CEXs, one to actually use. It's more work, but seems to solve the issue. permalink embed save parent report give award reply [–]partymslPlatinum | QC: CC 702 | r/WSB 16 1 point2 points3 points 9 days ago (0 children) That is the true Crypto way and people will be forced to use it now, which is good. permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 1 point2 points3 points 9 days ago (0 children) It's a hurdle crypto will need to eventually overcome anyway. Might as well rip the band-aid off and move crypto to deep web or TOR now permalink embed save parent report give award reply [–]Hugh_Jarmes187Bronze 3 points4 points5 points 9 days ago (0 children) Spot on. Generally, if you entrust power to the government and allow the government to break the law to catch law breakers, they will eventually use that power against law abiding citizens. permalink embed save report give award reply [–]Status_Floor1746Platinum | QC: CC 44[🍰] 1 point2 points3 points 9 days ago (0 children) This is the flaw that no centralized exchange will be able to address. This just seems to be the cost of playing in these countries. DeFi addresses this so at least there still is a way. permalink embed save report give award reply [–]LePanzerIn Satoshi we trust 1 point2 points3 points 9 days ago (0 children) Since I have been rewatching Star Trek lately, my argument is that humanity is not ready yet to enjoy utopia! permalink embed save report give award reply [–]Illicitterror 1 point2 points3 points 9 days ago (0 children) All these governments cracking down on privacy, but it’s everyone’s right. permalink embed save report give award reply [–]_redboy_Tin 1 point2 points3 points 9 days ago (0 children) We all know in private that we have bad qualities too...Privacy is really important and everyone should respect it. permalink embed save report give award reply [–]fercian 1 point2 points3 points 8 days ago (0 children) i thnik USD is best alternative for your illegal activity. permalink embed save report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 3 points4 points5 points 9 days ago (8 children) I think there is a very real chance BTC collapses and is slowly replaced by XMR. There's probably too much VC money in BTC for this to happen but if governments all agree to ban it why wouldn't everyone switch? I guess KYC could go away for BTC and slowly be replaced with kyc less defi but xmr would make it so much easier permalink embed save report give award reply [–]ThatInternetGuyPlatinum | QC: CC 90, BNB 61 | TRX 8 | r/Prog. 165 1 point2 points3 points 9 days ago (1 child) Not really. Monero is not listed in many regulated exchanges. Even Binance that lists XMR will get you flagged for extra KYC after depositing a large sum of XMR into their exchange. permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 -1 points0 points1 point 8 days ago (0 children) You're missing the point, I'm talking about a situation where all regulated exchanges are made illegal. Basically crypto being pushed to dark web/tor/defi permalink embed save parent report give award reply [–]EtrenscePlatinum | QC: CC 29 | r/WSB 20 0 points1 point2 points 9 days ago (4 children) You think the government will ban BTC before it bans XMR? permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 -1 points0 points1 point 8 days ago (3 children) Most can't really ban it anymore then it already is, this gives it a huge edge of BTC must take the same route. Try buying XMR in the US on a CEX. I'll wait. permalink embed save parent report give award reply [–]EtrenscePlatinum | QC: CC 29 | r/WSB 20 0 points1 point2 points 8 days ago (0 children) Yeh your right, you cant buy on CEX. So that raises the question why would people move to XMR if it is already banned. I dont follow that logic. Even if BTC is banned, wouldn't people move to a non banned crypto instead of an already banned one? permalink embed save parent report give award reply [–]MrMoustacheMan 0 points1 point2 points 8 days ago (1 child) Try buying XMR in the US on a CEX https://www.kraken.com/learn/buy-monero-xmr permalink embed save parent report give award reply [–]PeacefullyFightingPlatinum | QC: CC 329, ETH 23 | VET 10 | TraderSubs 24 0 points1 point2 points 8 days ago (0 children) Oh shit, they still do. Thanks permalink embed save parent report give award reply [–]Objective_Digit 0 points1 point2 points 8 days ago (0 children) Not a chance. Bitcoin's network effect is gigantic. And private txs can be done using Lightning or other ways. Plus people want something that can keep value. permalink embed save parent report give award reply [–]trimalcusTin 3 points4 points5 points 9 days ago (0 children) Just use localmonero, bisq and other DEX. You can still swap on changenow for instance. permalink embed save report give award reply [–]ScoobaMonsta 2 points3 points4 points 9 days ago (0 children) Binance is getting a lot of pressure because they practice fractional reserve banking! They have been selling paper Monero! This means that they have been selling Monero that they don’t actually have! That’s why withdrawals were constantly blocked or heavily limited. permalink embed save report give award reply [–]AlbrechtSchoenheiserBronze | ADA 7 3 points4 points5 points 9 days ago (2 children) If I lived in a community that has been crippled by gun violence related to narcos, I would disagree with you. If I was a drug dealer with a lot of money that I need to wash, I would agree with you. It's all about perspective, people. 🤷🏿‍♂️ permalink embed save report give award reply [–]dericecourcyBronze | NANO 6 0 points1 point2 points 8 days ago (1 child) Hey quick question, how much is your net worth? permalink embed save parent report give award reply [–]AlbrechtSchoenheiserBronze | ADA 7 0 points1 point2 points 8 days ago (0 children) I don't have an exact number, but I do own a defense contracting firm and a diamond mine in Africa, but it's a small mine run by children. I'm not a billionaire or anything, but I have a nice Geländewagen. permalink embed save parent report give award reply [–]jorneypTin | SHIB 11 1 point2 points3 points 9 days ago (0 children) I agree people should have the right to privacy and that is 1 of many reasons people pick crypto over fiat but government will do anything in their power to prevent that permalink embed save report give award reply [–]podfather2000Tin | Unpop.Opin. 20 1 point2 points3 points 9 days ago (0 children) I don't think most people care about privacy. permalink embed save report give award reply [–]MoonTLDRPermabanned 1 point2 points3 points 9 days ago (0 children) Monero has already taken a lot of heat from governments. Not sure how it will gonna survive their onslaught. permalink embed save report give award reply [–]NotACryptoBro 1 point2 points3 points 9 days ago (0 children) Sir, this is an echo chamber and you know very well that people here won't argue against it. permalink embed save report give award reply [–]jswbTin | WSB 9 1 point2 points3 points 9 days ago (3 children) Why are there so many Monero posts recently? Did some update happen or something? permalink embed save report give award reply [–]rockstarknight445Tin 3 points4 points5 points 9 days ago (2 children) CBDCs are an upcoming thing governments around the world are trying to implement. Monero is the best to use as digital cash to preserve your freedom. permalink embed save parent report give award reply [–]jswbTin | WSB 9 0 points1 point2 points 9 days ago (1 child) I agree. How do you store your monero (cold wallet?) permalink embed save parent report give award reply [–]rockstarknight445Tin 1 point2 points3 points 9 days ago (0 children) I use the monero cli wallet on my PC and I use cake wallet on my phone permalink embed save parent report give award reply [–]seniorbatista19Tin 1 point2 points3 points 9 days ago (0 children) Bullish on privacy permalink embed save report give award reply [–]UpLeftUpBronze | QC: CC 17 1 point2 points3 points 9 days ago (0 children) The illegal use of Monero is being massively overstated. If someone hacks an exchange, steals people's money and then converts it to Monero, why the hell do we say "Monero is facilitating crime". Its bullshit, because Monero had nothing to do with the actual crime of the hacking and theft. Does anyone really believe that if Monero didn't exist, they wouldn't hack the exchange and steal? So why doesn't the government instead focus on stopping these actual crimes. Everyone brags about how the government caught Al Capone for tax fraud. They couldn't catch him for being a criminal, so they caught him for tax fraud and threw the book at him for that. Like its supposed to be a good thing. I mean its great that they took him off the street, but since when does "The end justify the means" in terms of the government going after people? How much further do we have to slide down this slope to get to the point where its ok for the police to plant evidence because that gets a warrant which finds real evidence? permalink embed save report give award reply [–]mik_djPermabanned 1 point2 points3 points 9 days ago (0 children) Privacy should be a priority...! permalink embed save report give award reply [–]Huge_Agent_1448 1 point2 points3 points 8 days ago (0 children) They can ban it but it won't stop me from swapping litecoin for monero. The only thing that can stop me are boating accidents permalink embed save report give award reply [–]OMFGROFLMAO2Platinum | QC: CC 30 1 point2 points3 points 9 days ago (6 children) Hot take here but people like their freedom until it turns against them. The moment your son gets kidnapped and you're asked to deposit $100k on a Monero wallet, just to find out he's dead and there's no way of tracing your money, you'll probably stop using Monero. Don't get me wrong, I'm all about crypto, decentralization, and monetary freedom (not to be confused with anonymity). But knowing my transaction is probably being sent in a block with some cartel money is not something I approve of. But hey, that's the beauty of having a choice, I don't bash Monero as a project, I just choose not to use it. Negative moons month, here we go! permalink embed save report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 3 points4 points5 points 9 days ago (1 child) "What do you mean they drained my wallet and you can't trace any of it?" permalink embed save parent report give award reply [–]Zap1324Tin 1 point2 points3 points 9 days ago (0 children) Nothing happens even when people can trace it permalink embed save parent report give award reply [+][deleted] 9 days ago (2 children) [deleted] [–]Nagemasu -1 points0 points1 point 8 days ago* (1 child) lol this is a dumb argument. If it's public information (no privacy coins exist) then it doesn't matter if they know how much you have because they can't do anything without less they be discovered, not that that's really how good security works. Being able to wash the crypto with privacy coins is what allows them to get away with it and risk doing it in the first place. Most peoples wealth is already on full display anyway. Stop acting like crypto is going to be some beacon for kidnapping, this is the same level of fear mongering everyone in crypto moans about from buttcoin or other anti crypto groups. permalink embed save report give award reply [–]Mab_894Raise your Standards 1 point2 points3 points 9 days ago (0 children) Hmm good point. That is the trade-off. I still believe in inherent privacy/freedom to transact but hard to know what I would do unless I really am in this situation. Hopefully it never happens to anyone but it unfortunately will permalink embed save parent report give award reply [–]Character-Dot-4078Platinum | QC: CC 535, ETH 45, BTC 44 | ADA 7 | MiningSubs 39 2 points3 points4 points 9 days ago (1 child) There is only one argument, only fascists want you to have no privacy. permalink embed save report give award reply [–]Zap1324Tin 1 point2 points3 points 9 days ago (0 children) Then why does the Democratic Party in the us hate crypto so much permalink embed save parent report give award reply [–]Onnimation 0 points1 point2 points 9 days ago (0 children) Privacy is our fundamental rights! The real criminals are the banks. permalink embed save report give award reply [–]Impossible_Soup_1932Platinum | QC: CC 286 | ADA 8 0 points1 point2 points 9 days ago (0 children) To be honest if I buy an alt coin, it's to earn money from it. Delisting of coins to me just means the chances of a strong return goes down significantly. And true Monero fans can still get it through Defi. And I do hope they can manage to do that and keep the project alive permalink embed save report give award reply [–]smellybarbiefeetTin | 2 months old -2 points-1 points0 points 9 days ago (0 children) I don’t like it because it defeats the purpose of a public ledger. It also has a culty QAnon following, which I don’t care for. permalink embed save report give award reply [–]--leockl--Tin | CelsiusNet. 7 -1 points0 points1 point 9 days ago (0 children) Litecoin the true privacy coin now! permalink embed save report give award reply [+][deleted] 9 days ago (1 child) [deleted] [–]Mab_894Raise your Standards 4 points5 points6 points 9 days ago (0 children) What do you care about in a crypto? permalink embed save report give award reply [–]Into-the-BeyondPlatinum | QC: CC 17, BTC 15 -2 points-1 points0 points 9 days ago (0 children) My biggest issue with the concept of holding Monero is that while I have no doubt privacy coins will exist now and in the future, how can we possibly know Monero will continue to gain and hold value (while also not have their privacy hacked or tracked—whatever—with future tech) and not be replaced by some other random future privacy coin that becomes the premier privacy coin at that time instead? If I wanted to take my KYC coins and make a purchase I wished to remain private, I could, in theory, now or at some future time send my KYC coin to a wallet address that isn’t tied to me and then swap it for whatever privacy coin that exists at that moment and back to some other wallet not tied to me to spend, or through some sort of mixer or whatever. It would be a big hassle and have some fees but my point is why take the risk holding specifically Monero right now over for instance, Bitcoin, to maintain my buying power? Monero may continue to grow (maybe until it gets replaced by new tech, who knows?) but I doubt it will ever surpass Bitcoin in usage. I’m not arguing there isn’t money to be made on speculating here, just pointing out there is vastly increased risk over something like BTC. permalink embed save report give award reply [–]lordciders 0 points1 point2 points 9 days ago (0 children) Government likes to snoop around under the pretext of protecting their citizens. Even if they don't ban the privacy apps, they'll find other ways to encroach on it. permalink embed save report give award reply [–]yepppers7 0 points1 point2 points 9 days ago (0 children) You would think.... permalink embed save report give award reply [–]HodlMyBottleTin | Politics 15 0 points1 point2 points 9 days ago (0 children) That's not what governments and taxmen believe! For us of course, it's different for their billionaire buddies and themselves. Of course. permalink embed save report give award reply [–]CymandeTV 0 points1 point2 points 9 days ago (0 children) French gouvernment enters the tchat... permalink embed save report give award reply [–]stqsh-1Tin | 5 months old 0 points1 point2 points 9 days ago (0 children) What would be an impact of banning on the future price of xmr? permalink embed save report give award reply [–]klykerlyTin | Superstonk 53 0 points1 point2 points 9 days ago (0 children) You know, there is no actual legal right to privacy. There are hacks to more or less ensure privacy, but there is not a defensible right which would be upheld by any court that matters. As much as a love privacy and love this community, this is a fallacy of our time. permalink embed save report give award reply [–]7sevenheavenTin 0 points1 point2 points 9 days ago (0 children) The Supreme Court already set the precedent in the 40's that in a state of national emergency your rights are not absolute unfortunately. If a national emergency were declared tomorrow and Crypto could be tied to it some way by politicians and the like, it would be a bit of an uphill battle in regards to what rights we would argue we have with keeping the investment, or what privacy we would have. permalink embed save report give award reply [–]4uckleheadTin | 5 months old[🍰] 0 points1 point2 points 9 days ago (2 children) What countries banned privacy coins permalink embed save report give award reply [–]4uckleheadTin | 5 months old[🍰] 0 points1 point2 points 9 days ago (0 children) It's kinda dumb because cash does the same thing... totally private permalink embed save parent report give award reply [–]hacksnakeTin 0 points1 point2 points 9 days ago (0 children) Being secure in my papers includes financial records and such as far as I'm concerned. permalink embed save report give award reply [–]Esco1980 0 points1 point2 points 9 days ago (0 children) I hate the argument most have that if you want privacy you have something to hide , like some people just want privacy , a shame this is happening but we can all keep fighting ! permalink embed save report give award reply [–]elysiansaurusPlatinum | QC: CC 20 | CAKE 6 | r/WSB 286 0 points1 point2 points 9 days ago (0 children) Is this why monero is down today? I'm assuming yes but I need confirmation from strangers. permalink embed save report give award reply [–]SwoopscooterPlatinum | QC: CC 23 | PoliticalHumor 48 0 points1 point2 points 9 days ago (0 children) I wish privacy was a right permalink embed save report give award reply [–]syncopyinc 0 points1 point2 points 9 days ago (1 child) When people say privacy in Crypto I have no idea what your talking about. Everything is kyc this, passport that, emails, scan your bloody eye balls, my damn bank account feels more private than this stuff. permalink embed save report give award reply [–]Zap1324Tin 0 points1 point2 points 9 days ago (0 children) Not sure where you’re buying crypto, but it’d find somewhere else permalink embed save parent report give award reply [–]ElToroMuyLocoPlatinum | QC: CC 43 | NEO 6 | Superstonk 91 0 points1 point2 points 9 days ago (0 children) Exactly like cash, the bank and the government know when you buy or sell it on the market (any exchange), once you take it off the exchange you have the right to privacy to use it whatever way you want it. If cash is legal, theres no reason to make monero illegal. permalink embed save report give award reply [–]heyitscoryBronze | Economy 12 0 points1 point2 points 9 days ago (0 children) Naw, let's go the other direction with this. The vast majority of payments related to illegal activity are made in cash. If you count fiat currency in general, we have crimes like wage theft and white color crimes that are done with fake made-up money that only exists on computers back-up up by debts and fractional reserves. That's hundreds of billions of dollars worth of crime, getting icky crime all over innocent fiat currency. Outlaw fiat. permalink embed save report give award reply [–]grigioTin 0 points1 point2 points 9 days ago (0 children) mainstream people do not understand privacy until it's too late permalink embed save report give award reply [–]CapableMachine666 0 points1 point2 points 9 days ago (0 children) People do tons of illegal shit with regular fiat money so the 'crypto is used for illegal purposes' argument is bullshit. permalink embed save report give award reply [–]JambonBeurreMidiBronze 0 points1 point2 points 9 days ago (0 children) It's true, but you have to realize that the majority of people don't care about that: it's a niche thing, which needs to be preserved, but still something for people like those who read this probably, strictly. It's a waste of time to try to "convince" others that privacy is good for them. Only them can decide. By the way even if the state creates cbdcs and control people completely, I don't think most would mind at all. permalink embed save report give award reply [–]mossyskeletonPlatinum | QC: CC 63 | LRC 6 | TraderSubs 14 0 points1 point2 points 9 days ago (1 child) How is there not a decentralized exchange that can do atomic swaps into Monero? Is that technologically too difficult? I don't have any clue where one even acquires Monero nowadays. permalink embed save report give award reply [–]Zap1324Tin 1 point2 points3 points 9 days ago (0 children) KuCoin is what I use to buy Monero or other coins that other exchanges won’t list or have delisted permalink embed save parent report give award reply [–]Gaitle 0 points1 point2 points 9 days ago (0 children) I don't against privacy. Im against the use of so called privacy to scam people in this space. It's hurt seeing your money evaporated in the hand of scammer and hacker. permalink embed save report give award reply [–]holyknight00Tin | r/Prog. 64 0 points1 point2 points 9 days ago (0 children) Yes, all forms of privacy require leaving room for illegal activities. If illegal activities are not possible, is only because they know exactly what you are doing and you have no privacy at all. permalink embed save report give award reply [–]SmiorBronze 0 points1 point2 points 9 days ago (0 children) I stopped mining XMR for the summer. Time to start up again! permalink embed save report give award reply [–]Interesting-Chip-500 0 points1 point2 points 9 days ago (0 children) Privacy went away after 9/11.. for your own safety.. owning Privacy coins will probably be a red flag at some point.. even if you aren't doing anything wrong.. 1984 permalink embed save report give award reply [–]qlz19Tin | Unpop.Opin. 19 0 points1 point2 points 9 days ago (2 children) Release the Kraken! permalink embed save report give award reply [–]AutoModerator[M] 1 point2 points3 points 9 days ago (1 child) This is a friendly reminder that Kraken Support will never DM you first, ask for your username or password, or ask you to transfer funds. Kraken has its own subreddits, r/KrakenSupport and r/Kraken, and their Support Center. Ping for verified users associated with Release the Kraken: /u/krakensupport /u/krakenexchange I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. permalink embed save parent report give award reply [–]qlz19Tin | Unpop.Opin. 19 0 points1 point2 points 9 days ago (0 children) Good Kraken. permalink embed save parent report give award reply [–]ayleidanthropologistTin | Politics 17 0 points1 point2 points 9 days ago (0 children) Governments existed long before they had the ability to look into and microanalyze every aspect of my life... they don’t need that capability. permalink embed save report give award reply [–]masterbatesAlotPlatinum | QC: DOGE 140 | PoliticalHumor 14 0 points1 point2 points 9 days ago (0 children) Cash can be used for illegal use too. permalink embed save report give award reply [–]lordchickenburgerMoon and bitcoin are me love 0 points1 point2 points 9 days ago (0 children) we should just abolish goevrnments and let AI rule us with world coin permalink embed save report give award reply [–]Ok-Supermarket-6747Tin 0 points1 point2 points 9 days ago (0 children) I see no reason to ban a coin based on lack of traceability since anonymous things could be done with cash money. That being said, there are also lots of personal and business use cases for traceable coins permalink embed save report give award reply [–]Sporesword 0 points1 point2 points 9 days ago (0 children) permalink embed save report give award reply [–]timidpterodactylPlatinum | QC: CC 68, r/DeFi 48 | r/CMS 18 0 points1 point2 points 9 days ago (0 children) I don't understand. If you think it's not worth evaluation and it's so obvi, why bother posting about it? And if it's not, why don't you come up with a cohesive argument for Monero instead of a bunch of lazy paragraphs? permalink embed save report give award reply [–]Ok-Supermarket-6747Tin 0 points1 point2 points 9 days ago (0 children) I do believe it’s really no ones business what you have as your savings. Prices should not increase for YOU just because you have saved more: that makes saving pointless and incentivizes remaining broke. Car salesman will try to charge you more if you are dressed well. Doctors will charge more if you have insurance. None of that is incentivizing younger generations to want to Work. ‘Work Ethic’ is like a toxic power play of having ‘something to prove’ and a lot of us don’t have anything to ‘prove’ we just wanna live peacefully. There seems to be Some kind of Standoff between loan providers/older generation and loan takers/younger generation where the incentive of taking a loan has been getting so low they are no longer attractive. Same way with relationships honestly...there is a lack of ‘Romance’ so to speak Where is the Sparkle? permalink embed save report give award reply [–]JayFab6061Platinum | QC: CC 215, ETH 26, BTC 15 0 points1 point2 points 9 days ago (0 children) You know what’s interesting? I have been in the crypto world since 2016, back when bomb coin (1st deflationary coin) was announced and the fall of Bitconnect. I don’t think I have ever seen governments or any laws go after or limit the use of a cryptocurrency like how XMR is being pushed off or banned. Like SERIOUSLY NO COIN HAS EVER HAD THIS MUCH ACTION PUT AGAINST IT permalink embed save report give award reply [–]thecolordarkroomTin | QC: ETH 19 | CC critic | BANANO 29 | MiningSubs 16 0 points1 point2 points 9 days ago (0 children) Shh 🤫 permalink embed save report give award reply [–]1_ring_2_ruleTin 0 points1 point2 points 9 days ago (0 children) USD, automobiles, the internet, language…the list goes on permalink embed save report give award reply [–]AndrewshwapTin 0 points1 point2 points 9 days ago (0 children) I mean, people have been doing illegal stuff with cash for centuries; idk why the government is acting like only criminals wanna use crypto permalink embed save report give award reply [–]teamWSB 0 points1 point2 points 9 days ago (0 children) $xmr will be one of the few alts to make it. I’ve felt that way for years and recent talks of CBDCs only confirms it for me permalink embed save report give award reply [–]Potential-Coat-7233Silver | 6 months old | QC: CC 35 | Buttcoin 786 0 points1 point2 points 9 days ago (0 children) I forget if crypto dorks like transparency or opacity. Oh well. permalink embed save report give award reply [–]killz42069 0 points1 point2 points 9 days ago (0 children) Cash is ultra private so be prepared that the cryptocurrency will be more than private it's like VIP private period. permalink embed save report give award reply [–]thinkfireTin | GMEJungle 44 | Superstonk 83 0 points1 point2 points 9 days ago (0 children) Nigerian government agrees with you. permalink embed save report give award reply [–]Myl0high 0 points1 point2 points 9 days ago (0 children) Just because Binance stopped doesn’t mean you can’t get those coins. It’s not really a big deal. Just stop using Binance and support a more supportive centralized crypto exchange. permalink embed save report give award reply [–]GiveitToYaGoodTin | 1 month old 0 points1 point2 points 9 days ago (0 children) Hopefully the US wouldn't try making it illegal to use privacy coins permalink embed save report give award reply [–]gowithflow192Bronze | QC: CC 36 | r/DeFi critic 0 points1 point2 points 9 days ago (0 children) Do you only use cash and never your debit card? I've never met anyone like this i.e. most people trust a central authority (the bank) with their spending habits. permalink embed save report give award reply [–]AlwaysLosingDough 0 points1 point2 points 9 days ago (0 children) Completely agree. I will be stacking up on XMR permalink embed save report give award reply [–]SuperT0bi 0 points1 point2 points 9 days ago (0 children) Well,the internet is the main cause of lots of crimes, scams and frauds(including cryptoscams n frauds).Why dont they just BAN the internet itself? permalink embed save report give award reply [–]BradVetSilver | QC: CC 487 | VET 71 0 points1 point2 points 9 days ago (0 children) Sure thats one utopian view but will governments allow it, no chance permalink embed save report give award reply [–]DC600A 0 points1 point2 points 9 days ago (0 children) How about we talk about privacy capability in blockchain technology instead of just privacy coins? We don't need private blockchains with a permissioned, centralized approach. We can have an EVM-compatible layer-1 public blockchain protocol that provides confidentiality features for enhanced privacy and security using top-notch cryptographic technology like TEEs and secure enclaves. What we get as a result is the data sovereignty of users for web3 dApps where security and transparency go hand in hand. With use cases in DID and DeFi (among others) enjoying the benefit of privacy, the need for privacy coins will cease, especially when these benefits can be accessed cross-chain on any EVM dApp. permalink embed save report give award reply [–]bortbort8Tin 0 points1 point2 points 9 days ago (0 children) yeah dude we know lmfao, this isn't some big revelation fuckin reddit, always the last horse to cross the finish line permalink embed save report give award reply [–]KandiruBronze | QC: CC 15 | Technology 30 0 points1 point2 points 9 days ago (0 children) This is why decentralised exchanges are critical. That way you can swap between privacy chains and something else without relying on trusting a 3rd party. I use Decred for its privacy, and can then swap with BTC on the Dex. permalink embed save report give award reply [–]Krupda42Tin | 4 months old 0 points1 point2 points 9 days ago (0 children) Atomic swaps mean it will always be possible to get your hands on XMR The question is whether Monero will survive I think it will tbh permalink embed save report give award reply [–]Nuk37Platinum | QC: XMR 21 0 points1 point2 points 9 days ago (0 children) based Lebanese here living in hyperinflation, everyone should USE monero, screw banks and fiat permalink embed save report give award reply [–]DMugreIn Satoshi we trust 0 points1 point2 points 8 days ago (0 children) IMHO the sad part about the persecution of privacy tokens is seeing this logical fallacy of a narrative being spread around the masses that proposes that the only reason anyone wants privacy is for illegal purposes, you know, the good 'ol "if you've got nothing to hide why do you need privacy?" Gaslighting bullshit. The good part about it comes in that it highlights how desperately the fiat system needs to hoard your data, how much control it demands to have over your life, and how far it's willing to go to paint your ability to consent to what information you make public or not as something only the worst scum of society would find valuable. Think about it for a second, is the government as transparent as it expects you to be? No, right? Then why should you be transparent with them? permalink embed save report give award reply [–]Bongocoin 0 points1 point2 points 8 days ago (0 children) The strongest reason for people to retain the right to keep and transact in anonymous money is, as a last resort, to protect themselves against tyranny in government. permalink embed save report give award reply [–]CleynnTin 0 points1 point2 points 8 days ago (0 children) I will keep on using scrt and plan to start using xmr later this month. Let's see what the French govt is gonna do, hopefully other cex'es don't comply as fast as binance. permalink embed save report give award reply [–]TutorFew7917 0 points1 point2 points 8 days ago (0 children) ok pedo permalink embed save report give award reply [–]Anchorman_1970 0 points1 point2 points 8 days ago (0 children) CEXs are ignorant ass users who are too lazy or ignorant to inform themselves permalink embed save report give award reply [–]solobdoloPlatinum | QC: CC 180 0 points1 point2 points 8 days ago (0 children) Tons of stuff is used for illegal activity. To ban everything that is sometimes used for illegal stuff would mean banning everything and even worse giving the government the power to ban anything. The real reason they are cracking down on crypto (all crypto, no just privacy coins) is crypto represents a threat to their hegemony. Their fiat house of cards is coming down and they are scrambling to hold it up. permalink embed save report give award reply [–]solobdoloPlatinum | QC: CC 180 0 points1 point2 points 8 days ago (0 children) Really like secret network also permalink embed save report give award reply [–]Player13377 0 points1 point2 points 8 days ago (0 children) Monero is the only coin i believe in, fully support and happy to throw my money into. permalink embed save report give award reply [–]KatoryaBronze | Politics 42 0 points1 point2 points 8 days ago (0 children) Kinda like dollars permalink embed save report give award reply [–]CryptoBombasticSilver | QC: CC 38 | VET 1820 0 points1 point2 points 8 days ago (0 children) We have all seen and can not unsee. permalink embed save report give award reply [–]BusinessBreakfast3Platinum | QC: BTC 28, CC 22 | CRO 5 0 points1 point2 points 8 days ago (0 children) Government care about fighting privacy more than using money illegally . This is proven over and over. permalink embed save report give award reply [–]emptyzed81No Fomo 0 points1 point2 points 8 days ago (0 children) What are you trying to hide! permalink embed save report give award reply [–]zuzieey7719 0 points1 point2 points 8 days ago (0 children) Yes, but this countries aren't interested in your privacy. It is the same with the dark web. It can be used for criminal purposes or to save journalists from censorship in some countries. permalink embed save report give award reply [–]wootrice35 0 points1 point2 points 8 days ago (0 children) Monero is legit but also can be a little tricky to acquire depending on the exchanges you can access, found services like BBTT or azk to be nice alternatives if you want to stay in erc20 land. permalink embed save report give award reply [–]happs11 0 points1 point2 points 8 days ago (0 children) is Monero worth staking? permalink embed save report give award reply [–]badfishbeefcakeSilver | QC: CC 100 | ADA 32 | PoliticalHumor 42 0 points1 point2 points 8 days ago (0 children) go monero go permalink embed save report give award reply [–]Objective_Digit 0 points1 point2 points 8 days ago (0 children) Since Lightning can do privacy Monero is redundant. permalink embed save report give award reply [–]orville_wTin 0 points1 point2 points 8 days ago (0 children) People use publicly issued govt cash to pay for illegal stuff all the time (murder, children, drugs, stolen property, organs, weapons etc)… the basic fact that they paid for those things is one of the things that is illegal & immoral… and it’s what society does not condone or want. There is no such thing as a “right to privacy to pay for illegal activities/entities”. You simply do not have that legal right… no matter what currency you use. Therefore no currency that enables opaque payment of illegal things can “outweigh all the illegal activities that it is paying for”. - if you believe that… you are a person who desires to operate outside of the basic morals of a safe peaceful lawful society. (& you’re probably someone who should not be hanging around schools). try telling your sad illogical story to the person who had their child stolen & sold into slavery. There is no “pro or con” debate with that parent that is worth having. This isn’t an issue of currency or privacy. - Just don’t do very bad illegal shit & don’t try to buy/sell/pay for it. / be a good person. permalink embed save report give award reply [–]honestlyimeanreallyPlatinum | QC: XMR 772, CC 250, ETH 30 | MiningSubs 50 0 points1 point2 points 8 days ago (0 children) Monero is the only reason I’m here. Everything else is shitting in a glass bathroom and pretending the man doesn’t like it. permalink embed save report give award reply [–]dericecourcyBronze | NANO 6 0 points1 point2 points 8 days ago (0 children) For all you privacy haters here, just go ahead and post your net worth in the comments. That's basically what you're doing using a public ledger permalink embed save report give award reply [–]tiggs 0 points1 point2 points 8 days ago (0 children) The problem with crypto is that people want complete privacy when it benefits them, then will turn around and want regulations and the ability to track when it benefits them. The amount of time I've seen posts on here about stolen crypto and people tracking wallets to follow the funds is insane. People are all about it and applaud the "community" for help keeping it safe. EVERYONE prefers privacy until they run into a situation where that's not beneficial to them. While I don't necessarily agree with outlawing these types of crypto projects, I think everyone downplays the amount of bad shit that can come from untracked funds. Put it this way, there are a lot more people out there looking to use these products to sell drugs, traffic children, start wars, avoid taxes, and other bad shit than there are law abiding citizens that just want to buy dildos anonymously or stop people from following their crypto transactions. Sure, cash is the largest vehicle for sponsoring illegal shit, but cash can't be transferred digitally in seconds with no trace of anything. permalink embed save report give award reply [–]clitoral_obligationsTin 0 points1 point2 points 8 days ago (0 children) The issue is that illegal activity contaminates legal activity which fucks the entire premise of a privacy coin permalink embed save report give award reply [–]kranzjPlatinum | ADA 7 0 points1 point2 points 8 days ago (0 children) 💯. Privacy is a human right. permalink embed save report give award reply [–]ThomasReturnsPlatinum | QC: CC 564 | NFTsMarket. 6 0 points1 point2 points 8 days ago (0 children) Look , theres a reason gold has always been popular. Its something that always stays in the picture, is easy to liquidate and is private as hell. I like monero for what its trying. But the hoops you need to jump trough when onboarding/offboarding just arent worth the hassle compared to oldschool non valuta valuables. permalink embed save report give award reply [–]sonalder 0 points1 point2 points 8 days ago (0 children) Police don't need to track transactions to catch criminals. So this is useless to fight crime... permalink embed save report give award reply [–]victorsaurusTin 0 points1 point2 points 8 days ago (0 children) However with full privacy society would go to hell. Imo compromises need to be done. permalink embed save report give award reply [–]market_theoryTin 0 points1 point2 points 8 days ago (0 children) I think it's important to keep in mind that governments do have a good reason for banning these coins, as a lot of illegal activity is made easier and hidden this way. Why should anyone else care about what governments want? Their violence is the only reason. permalink embed save report give award reply [–]RandomPlayerCSGOPlatinum | QC: CC 137, CM 35, XMR 30 | TraderSubs 35 0 points1 point2 points 8 days ago (0 children) Illegal does not mean immoral, illegal transactions are good and the existence of markets outside government control is good for us and bad for the ruling class. Black markets matter. permalink embed save report give award reply [–]zatrzaskzy 0 points1 point2 points 5 days ago (0 children) I totally agree with this. The government doesn't like privacy and that's the sole reason for the ban. We cannot deny the fact that people use privacy coins for illegal transactions but the positive side of privacy outweighs the negative usage. I believe privacy protocols will prevail in the end. I still use and hold onto them. permalink embed save report give award reply [+]randomFrenchDeadbeat comment score below threshold-13 points-12 points-11 points 9 days ago (1 child) Banning untracable laundering machines available to anyone far outweights the outcry of the people using them. The right to privacy has nothing to do with this. Governments have to follow rules. No one is going to pry into your privacy with this, unless your transactions get flagged for not being in accordance with whatever revenue and activity you claim having; and even that needs to be approved by a judge... exactly the same way it would happen if you used a bank account. permalink embed save report give award reply [–]coachhunter2 -5 points-4 points-3 points 9 days ago (2 children) Why do people have a right to privacy? permalink embed save report give award reply [–]Elie0_0[S] 2 points3 points4 points 9 days ago* (0 children) Why do people have the right of free speech, or which religion they choose, etc? Assuming you wouldn't try to silence someone for speaking their minds, you agree that they indeed do have that right. Now ask the same question, why do humans have right to free speech? Because it's the right thing for people to have that freedom. It's as vague as it sounds. permalink embed save parent report give award reply [–]dericecourcyBronze | NANO 6 0 points1 point2 points 8 days ago (0 children) Because everyone has to pick their nose sometimes permalink embed save parent report give award reply [+]ghochumalPlatinum | QC: CC 399, ETH 25 | BANANO 12 | TraderSubs 25 comment score below threshold-8 points-7 points-6 points 9 days ago (0 children) Unfortunately privacy is in the hands of your government and this fact can't be denied permalink embed save report give award reply [–]mcc011ins -4 points-3 points-2 points 9 days ago* (0 children) It's two opposing forces, privacy and transparency. Both have an equal justification. A lack of privacy leads to the authoritarian surveillance state, a lack of transparency leads to corruption and terror financing. I really like the sweet spot between transparency and privacy of regular cryptocurrencies like ethereum and Bitcoin. They are transparent and private at the same time. Pseudonymous but you can identify shady business of some sort. You can follow the money but not directly see names and postal addresses. It's a free for all, information is not restricted to certain powerful banks, all have equal amount of access to the money flows. I think it's the least bad choice among a selection of bad choices. permalink embed save report give award reply [+][deleted] 9 days ago (2 children) [deleted] [–]DryArmPitsTin | CRO 8 6 points7 points8 points 9 days ago (1 child) Monero is private, secure and untraceable by default. No need to use x, y, z that risk introducing failure points. permalink embed save report give award reply [–]JustreadingcommentPlatinum | QC: CC 255 -2 points-1 points0 points 9 days ago (0 children) But the illegal uses far outweigh everything else. permalink embed save report give award reply [–]Ok-Supermarket-6747Tin -2 points-1 points0 points 9 days ago (0 children) Personally I believe Monero should be wrapped or forked or something into the traceable system, such that balances from the Monero account cannot be found but transferring as wrapped or flatout exchanging to a different crypto yields traceable. I have not used it so idk what it’s like as a user but that’s my take on it permalink embed save report give award reply [–]MonkfichTin -2 points-1 points0 points 9 days ago (0 children) Money laundering shouldn’t be minimised or believed to not be worth concessions. Money laundering especially allows financing of terrorist organisations and North Korea too. It also allows drug cartels to get more profits so they can expand operations and flood your country with more shit. permalink embed save report give award reply