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by rabite
1067 days ago
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This is a baseless claim -- virtually all criminal schemes in crypto have been done via ETH or BTC (most of which are token scams, and a small smattering of ransomware), which have transparent blockchains. Monero simply does not have the record of criminal activity that you claim. More importantly, the vast majority of anonymous transactions occur via ownership secrecy havens. Quadrillions are held and transferred in offshore havens like Nevis, which has beneficiary and ownership secrecy baked into their constitution. Monero democratizes transaction secrecy, allowing the middle class to have the same level of financial privacy that criminal organizations attain regularly by incorporating in an offshore haven and hiring the appropriate lawyers. If transaction secrecy were a legitimate concern of yours, you would be eliminating it where it actually happens and facilitates crime first. |
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