| This is an often seen opinion and there is some nuance to this idea. Monero doesn't enable privacy by default, but its known as a privacy coin. The first means that people could be unaware of the extra steps they need to take to get privacy, but the second is the risky one. Monero is known as a privacy coin and this makes it the target of governments that indeed made ShapeShift start to to KYC a year or more ago. Monero is unduly targeted for standard features because governments don't like perfect privacy... The good news is that privacy does not have to be built in to a coin for it to be capable of giving privacy. If we reverse the Monero situation we might get something that is actually useful for the majority of us. A coin like Bitcoin that doesn't have more than semi-privacy can have mixing added to become private. Now, mixing as historically done on BTC is both expensive and centralized, which has caused several servers to be confiscated and people arrested. Again, governments really don't like what you do with your money being private. I'm personally a big fan of https://cashfusion.org ticks all these boxes. It is built on a semi-private (bitcoin-like) coin and it solves the other problems as well with a mix (sorry, fusion) costing you nearly nothing. |
>Monero doesn't enable privacy by default, but its known as a privacy coin. The first means that people could be unaware of the extra steps they need to take to get privacy
That is erroneous.