Post
Topic
Board Altcoin Discussion
Re: Thoughts on monero's anonymity?
by
Whosdaddy
on 26/10/2018, 10:21:51 UTC
What's the deal here? Do you want to be anonymous when using cryptos? As we know, bitcoin has an open and searchable blockchain, where you can trace anything. That's why some like to use mixers. Coins like Monero are popular because of ONE thing, anonymity. No one knows where goes what or how much. I've seen lately in illegal drug markets that monero is becoming increasingly popular due to its anonymity. I haven't seen monero been used much for anything outside the illegal drug market.
Is this a good thing or a bad thing? Do we want to enforce anonymity among cryptos or defend it?
I would say anonymity and privacy is something that would basically be applicable for people who may want to do some dirty deals or in some way go against the law and be able to stay off the radar doing so.

However, we both know that even with that, there are still some people who just do not like the idea of their privacy being opened to the public, even if they do not want to do shady deals, but personally I do not see a problem with that and in the long run, with the space getting even more regulated, chances are that the likes of Monero will really have an issue with the government accepting which is why the fact that bitcoin is pseudo anonymous makes it a whole lot even interesting.