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by cyberax
6 days ago
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The percentage of classical fiat used for crime is negligible, when compared with the percentage of blockhain fiat used for crimes. Moreover, classical fiat makes steps to make crime like ransomware or kidnapping impractical. While crypto fiat works on making them easy |
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If the goal is to prevent crime then going after a currency based on percentage is stupid. Nobody cares about what percent, they care about what's actually happening and that's where the astronomically larger amount of fiat crime matters.
>Moreover, classical fiat makes steps to make crime like ransomware or kidnapping impractical. While crypto fiat works on making them easy
You're right regular transparent crypto is problematic because it makes kidnapping more common. That's why everyone should use privacy coins like Monero because they don't want to go shouting their bank account balance and every purchase they've ever made every time they make a purchase.
We shouldn't spy on everyone to prevent crime, that's like putting everyone in jail and making them prove they are good people to get out or making people accused of committing a crime forced to prove their innocence beyond doubt.
Monero prevents mass surveillance which makes our society more free.