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RE: Is Monero traceable in 2023?

in LeoFinance3 years ago

This is an awesome article and will be coming back around and reblogging it with the @coinlogic.online account for the https://coin-Logic.com front page feed!

I have been debating on whether to start putting my ‘savings’ into Monero or Dash. I can do more with DASH as far as just using it, and have the private transactions, but with everything going on in today’s world and the fact they BTC is pretty much being sucked up by the institutions and is completely traceable, I am back looking hard at Monero as well though. May kind of go into both really. And it’s cool that I can exchange both on Blocktrades.us for Hive.

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As Bitcoin becomes more and more mainstream, it is going to be interesting to see how the complete lack of privacy on transactions is viewed.

Right now Monero has such a bad reputation with the mainstream, but once push comes to shove and the privacy aspects only XMR can offer are actually required, I think that will quickly change.

Just picture not being able to spend the BTC you received from a random foreign business because it was 'tainted'.

Not our problem! haha

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