Monero Is Less Untraceable Than It Seems
I hate how everyone always stresses the illegal uses of Monero in these conversations about traceability. Monero has a lot of legal uses, many of which are listed here:<p><a href="https://www.monero.how/why-monero-vs-bitcoin" rel="nofollow">https://www.monero.how/why-monero-vs-bitcoin</a><p>The big one for me is privacy:<p>“The most critical flaw in Bitcoin is its lack of privacy. If you give me your Bitcoin wallet address so that I can send you a payment, you immediately compromise your privacy. I can see as a matter of public record how much money you have in your Bitcoin wallet ”<p>I don’t want other people to know how much money I have when I pay them for goods and services or how much I have paid to others in the past. This wouldn’t happen with a bank account but could happen with bitcoin.<p>I don’t necessarily want people I am negotiating a contract with to know my hand. It potentially gives them an unfair advantage.<p>If my Monero transaction history can be figured out by a government agency with lots of resources but not the average business, that doesn’t necessarily invalidate Monero for my use cases.