SubstanceAltered

SubstanceAltered t1_iy664gg wrote

Thanks for highlighting why cash is a bad form of currency compared to Monero. You don't need to carry around suitcases of cash or trust a bank to hold your wealth for you.

Criminal use is a small percentage of overall Monero use.

How many dollars did the government print out of thin air in the last couple years?

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SubstanceAltered t1_iy64cuh wrote

It's a shame that's the common idea linked to it. Equally as it can help a criminal exchange money it can help citizens of oppressive regimes exchange money. Simply the fact that its the only crypto thats fungible is enough to crown it as the only real cryptocurrency.

A quick real world example (regardless of your stance on the subject) Canadian trucker protesters received Bitcoin donations. Canadian government didn't like the protest/purpose, tracked Bitcoin transactions, and coerced the exchanges to freeze assets. Also, all transparent Blockchains show a history of the coins and some coins could be linked to bad things/criminal enterprises/hackings/thefts/etc in the past. Said coin is tainted and less valuable than a freshly mined coin. XMR avoids both of these issues because of it's anonymity and fungibility.

Plus... Cash is the king of the criminal world and the government can print infinite amounts. How does that help?

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