- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
OC by @[email protected]
I know there are plenty of software missing from here. This is just a fun infographic I made, no need to take it seriously :)
where qubes
Monero is more about polluting and money laundering than privacy.
There is some privacy in it, but it’s overshadowed by the other things.
Not disagreeing with you, but it’s a double edged sword inherent to any privacy-focused system. Tor grants journalists and political dissidents access to the broader world anonymously, but is also used by darknet markets to sell CP and illicit drugs.
Privacy coins like monero allow people to spend money anonymously to purchase VPNs or prepaid phones without state actors knowing, but also enables money launderers to do what they do.
And of course there’s the pollution problem you mention with any proof of work cryptocurrency, but at least Monero’s is more efficient that Bitcoin.
Again not defending cryptocurrencies or discounting your thoughts just wanted to tack on to it.
TFW your privacy setup is so good Anubis blocks you :(
Somebody please tell me what’s up with Monero. I thought it was some kinda cryptocurrency? In what way does it avoid or mitigate any of the overwhelming number of problems those inherently have?
It’s essentially the only cryptocurrency that has privacy, so is good for paying for VPNs and such.
Others like Bitcoin are not private and your transactions are visible.
I’m not a crypto expert, but from what I know it’s one of the few currencies that have no kyc (know your customer) in order to use. The whole point of it is to have completely anonymous transactions and untracable/unmarked currecy. I used it once to buy a month of Mullvad vpn just to see how it works. I bought a giftcard with cash, traded the gift card for monero on a somewhat sketchy site, put the monero into an XMR wallet, and used the Monero to buy the vpn with wallet keys. It was a fun experiment but it was just too much time and effort to do it the right way to warrant using it 24/7
It’s not about KYC. Monero would have KYC like any other cryptocurrency. Its that the transactions are encrypted.
Essentially what the other person said, but KYC depends on the marketplace. See getmonero.com. XMR allows for merchants to skip KYC, which other cryptos don’t do
Its my understanding that KYC is not inherent to crypto but only to exchanges such as kraken or coinbase. Tax regulations necessitate KYC, not the technical requirements of the underlying asset.
Pretty spot on. Love the hipaa reference