this post was submitted on 13 Aug 2023
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Privacy
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And most of them aren’t anonymous at all. You can correlate transactions pretty quickly, because every transaction is on the chain. You can track where every bitcoin went. As soon as you break one link you can follow the chain.
Good luck doing that with cash.
Blockchain has a few - really only a few - somewhat compelling use cases. Currency isn’t one of them.
Monero solves all these problems, it's the closest we have ever gotten to digital cash.
It's untrackable. Nobody can see what you spent, and what you have. It's private
It's fungible. Each unit has no history, so it can't be tainted, a dollar is a dollar is a dollar. Applies here
If you hold your own wallet, which you should, you don't have the risk of an exit scam. Because you're holding your own coins. What's the expression, not your wallet not your coins?