Monero is used for criminal activities, not Bitcoin. How do I know? I monitor crime, mostly but not exclusively drug crime, on Tor's hidden services: https://rnsaffn.com/zg4/ Monero is the cryptocurrency of choice.
This is the same, nonsensical argument against monero that is used against end-to-end encrypted messaging. "app of choice for criminals" "makes enforcement harder" etc.
It completely ignores the benefits of Monero. Crime exists. Its not going anywhere. It is not societies job to make the crime fighter's job a walk in the park. Crimninals use cars to commit crimes, we don't outlaw cars. They use masks, the store sells masks.
The benefits of a global, decentralized and truly private and free medium of value exchange would be massive to the average person, but deterimental to those in power so they must use FUD to squash it.
It's a store of value in the sense that it has a non-zero price at any given moment, but when people say that one of the functions of money is to be a store of value, they mean that its value must be reasonably stable so that its future usefulness is predictable.
atomic128|2 months ago
lokar|2 months ago
Most of it is tax and sanctions evasion.
rjdj377dhabsn|2 months ago
leftouterjoins|2 months ago
It completely ignores the benefits of Monero. Crime exists. Its not going anywhere. It is not societies job to make the crime fighter's job a walk in the park. Crimninals use cars to commit crimes, we don't outlaw cars. They use masks, the store sells masks.
The benefits of a global, decentralized and truly private and free medium of value exchange would be massive to the average person, but deterimental to those in power so they must use FUD to squash it.
jobs_throwaway|2 months ago
thefringthing|2 months ago
VHRanger|2 months ago
Bitcoin is a speculative asset: it has very high price volatility. It is not a store of value in the proper term.
outside1234|2 months ago