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d11z | 2 years ago

It’s been great for gambling, cybercrime, and enabling the drug trade practically since its inception.

discuss

order

gumby|2 years ago

Easier to do money laundering this way instead of selling trump a house.

staplers|2 years ago

The suffocating irony of this forum being called "Hacker News" when it is filled with comments like this never fails to amaze me. A truly unimaginative bunch.

d11z|2 years ago

Could you give some other concrete, practical examples of use cases for cryptocurrencies instead of the passive-aggressive snark?

koromak|2 years ago

The cart is driving the horse, and has been for a decade. People are tired of it.

7moritz7|2 years ago

I really think Monero in particular deserves way more criticism for their practice. Bitcoin is one thing, Monero is created for and marketed towards cybercriminals, you don't need to be a communications expert to get that premise. I haven't seen it used once for any legitimate purpose. Atleast with Bitcoin and Ethereum you can get buy some legitimate things like VPNs or NFTs

https://arstechnica.com/information-technology/2021/06/moner...

xcdzvyn|2 years ago

You could say exactly the same thing about any form of encryption.

I haven't bought much with Monero, but I always offer it because I adore the premise. I personally think its great, one of the few truly valuable cryptocurrencies.

clemailacct1|2 years ago

Monero was built and used for privacy purposes but it gets abused by cybercriminals for malicious purposes. Just like all cryptocurrencies and even plain paper cash.

LtWorf|2 years ago

I thought the goal of NFT was money laundering with something of fake value?

fturst|2 years ago

So Tor and I2P also should be criticized? IMO, something being away enough from the government that it starts to get abused shows how secure/private it is.

IG_Semmelweiss|2 years ago

Today you are on the right side of the fence. You buy things that are permitted so its all good. I wonder if you would keep the same opinion, once that changes.

But lets hope for our sake, we never get there.

DoodahMan|2 years ago

you can do the same with XMR. for example Mullvad accepts XMR and BTC.