Bitcoin Forum

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?

There are plenty of reasons to want anonymity and privacy that are perfectly legal. Suggesting otherwise is nonsense. If you think that only criminals need anonymity, then you can do away with VPNs, Tor, encryption, etc. You can do away with your "Celsiuss" username. If you have nothing to hide, then surely you have nothing to fear and have no reason to require anonymity or privacy? Feel free to post your full name, address, email and password below.

Incidentally, Monero is good coin for reasons other than anonymity. Its recent Bulletproof upgrade has slashed transaction fees by 97%. They are constantly moving forward and consistently stick to their timeline and release dates. It is one of the very small number of altcoins that isn't complete trash.

This is what you get if all you read is from press. Aren't you also convinced that Bitcoin only use is for hackers to steal your money?


Monero is used by everybody that don't like people take a look into their wallet.
While with Bitcoin one can use mixers, one can use change addresses heavily and in a smart way, many will not do that and some already got into trouble because of this.

In the same way you don't show everybody how much money you have in your pocket and what you do with them, Monero does that with anonymity. Monero is much closer to how actual cash works than Bitcoin. As you can see, this is good. And this is bad too:

Governments also want to take a look into your pocket and some will prohibit Monero "to avoid people buy drugs" (or other made up reasons that help you sleep well).
Bad people can indeed use it for wrong, in the same way as they do with money, gold and so on.

Is monero made for the purpose of illegal transactions? I don't think so, just like things like internet, fiat money, banks and others that are commonly used by criminals for other illegal activities, do we blame everything? not.

Exactly. Far, far more crime is carried out using fiat than any cryptocurrency. Is anyone seriously suggesting banning fiat? Of course not. I haven't seen many balaclavas being used outside of criminal organisations. Perhaps we should ban them?

By claiming Monero is only popular in illegal drug markets you are simply mimicking the people who said the same things about Bitcoin years ago. Where are those people now? Probably cursing themselves that all they did was talk nonsense instead of buying in at <$10.

I think Monero is not related to illegal transaction activities. And I don't think a bit about that. I always think positively about addressing a number of related matters, and always think clearly so as not to misinterpret.

There are a plenty of anonymous coins but I think that Monero is the most perspective from them all. It has quite good technical spects..

This has already happened with bitcoin https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-fall-criminals-blockchain-anonymous-cryptocurrency-zcash-monero-dash-a8174716.html
I can't deny the fact that mostly markets that accept monero as payment system is in the dark marketplace and there a few stores that make you able to purchase any goods and service that doesn;t violate any regulation use monero. That depends on the people's opinion regarding it.

Monero is very anonymous and to my mind this coin will become in top soon, after bitcoin and possibly ethereum. As bitmixer's owner claimed, more than 1 million bitcoin was mixed in a year by using his website. See what happened to btc-e, what's happening now, bitcoin was great option for anonimity, now Monero, higher level of anonimity becomes popular. Don't know what others think but I can repeat the same answers you already get yourself in your proposal.
See this post too: https://bitcointalk.org/index.php?topic=2042470.msg21113378#msg21113378

Every time Monero forks it potentially discloses some information that can be used to identify owners of wallets.
Monero 0 (XMZ), Monero Original (XMO), Monero Classic (XMC) and second Monero Classic (XMC)

The potential problem with privacy coins is that exploits are also harder to detect. Exploits like what happened with all the zerocoin based coins.

Personally I think Electroneum is going to be a big competitor against Monero. It is based on the same code and has more people that use it.

There are far more uses for privacy coins other than "illegal uses".

Privacy is something that determines freedom. Without privacy your freedom is impacted.

People wear clothes, have doors on bathrooms, curtains and other privacy measures.

Disclosing your wealth publicly to strangers in not recommended. It makes you a target for theft and extortion.

Would you like everyone to know your purchases ? Porn subscription, hemorrhoid cream and political donation just as an example.

It's really hard to know but in my own opinion, if we wanna see cryptocurrency legalized in the future so we need to remove anonymity of cryptocurrencies to avoid cryptocurrencies taken advatages to commit guilty so when nobody can take advantages of cryptocurrency so then it'll be easily legalized.

I AM NOT THAT BIG FAN OF mONERO. I LOVE DASH AND ZCASH AND I INVESTED IN SOME NEW PRIVACY COINS . IT IS REALLY RISKY INVESTMENTS BUT WITH MASS ADOPTION COMING SOONER OR LATER IT CAN BE BIG HIT

Privacy coins that promote anonymity are very good and Monero is the best of them in my opinion.
Monero can however represent a good or bad coin depending on perspective. Some other crypto currencies can still be tracked to an extent  but monero anomity means in a case of theft, or usage for illegal activities, the culprit will most probably go Scot free

I believe that people have the right to anonymity. It is not always necessary to disclose all your actions to the public. I see nothing wrong with that. I think that anonymous coins have the right to circulate regardless of the fact that they can be used for criminal purposes. Criminals - this is a problem law enforcement agencies.

in some ways, indeed this anonymity is not good. because there will be many people who have evil intentions and seeing this as an opportunity and facilitating this becomes part of their activities. it would be better if finally if you have assets outside the limits, then the owner must do KYC

Moreno has somewhat of a reputation of being used for illegal activities. But that doesn't mean all of its users are dealing with illegal transactions. There is nothing wrong with the want of privacy and desire to hide identity.

FIAT/CASH is also anonymous, right?

When you hand your $ bill to pay for something, the recipient doesn't care where you got it as long as you have a legit bill and be able to pay for what you owe.

Same with Monero.

Monero is used by everybody that don't like people take a look into their wallet. While with bitcoin one can use mixers, one can use change addresses heavily and in a smart way,many will not do that and some already got into trouble because of this.

there is an important distinction that we shouldn't forget.
what you say about "far far more crimes" is only because of lack of adoption otherwise cryptocurrencies would have been used just as much. when fiat like US dollar is mass adopted all over the world, nobody knows about monero nor uses it.

additionally bitcoin is not anonymous while a coin like monero is. that is the real reason why it doesn't make sense to use bitcoin over using fiat. specifically cash and US dollar.

what i am trying to say is that if bitcoin reaches mass adoption, it will be used for illegal activities more but still nowhere near fiat. but if monero reaches mass adoption then almost all of its usage will be for illegal activities.

In fact, it's not just criminals who need anonymity. And the coin doesn't make a bad presence of criminals there. Criminals are everywhere, and there's nothing to be done. You just need to understand that it depends on the people.

Foolish logic. The share of crime in Monroe is much less than in the dollar, lol (80% of cash carries cocaine  ;D). Monero is a guarantee of stability. First of all, it's confidentiality.

Maybe. Maybe not. We don't know because it hasn't happened. My point is that fiat in the form of hard cash is anonymous and involved in lots of crime, yet no one has ever tried to claim that everyone using cash is a criminal and that we should be banning cash. To say the same about Monero is just nonsense.



Again, maybe or maybe not. I'd be quite excited to be able to use Monero to pay for perfectly legal things in person like groceries and gas, instead of having all these things linked to my name and address via my bank, or be forced to carry around unreasonable amounts of cash. Just because you personally wouldn't use Monero or care that much about anonymity doesn't mean everyone else is the same.

Monero is one of the few coins that is really decentralized and this coin, the developers of which have tried and worked on anonymity.

Anonymasity and Privacy completely depends on the users. There is nothing to force it on someone. Fiat currencies are being used for criminal activities too. Just because somenone is looking for privacy does not mean he is doing something illegal.

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.

You don't see a problem with having no privacy and allowing all your information to be open to the public? This is such a stupid position to hold. The "I have nothing to hide, therefore I have nothing to fear" argument is utter nonsense. If you truly believe that, then you will have no problem posting your real name, address, browsing history and email addresses and passwords here so everyone in public can have a good look through your life. I know you won't, which renders you a hypocrite of your own argument.

Do you have curtains on your windows? Do you close the door when using the toilet in public? Do you wear clothes? If you answered yes to any of those questions, then you value privacy.

Anonymasity and Privacy completely depends on the users. There is nothing to force it on someone. Fiat currencies are being used for criminal activities too. Just because somenone is looking for privacy does not mean he is doing something illegal.

Monero may be altcoin the most private altcoin at the moment! Investment altcoin will be more attractive than Bitcoin!

Monero may be altcoin the most private altcoin at the moment! Investment altcoin will be more attractive than Bitcoin!

Anonymity is a very important part of cryptocurrency, so I like Monero. I don't want the government to know what i buy, whether it's legal or not.

Anonymity is not only used for illegal trade. Companies and investors might not want external factors to influence the investments and this is where anonymity comes to play.

Anonymity of cryptocurrencies is used other than criminal activities. If something contains a anonymous feature doesn't mean it used for somthing bad then vpns, encryption etc. was enough. And monero is a great coin too as the latest Bulletproof upgrades have decreased the transaction fees to almost 0. It is constantly updated to modern use so if few users use them for bad activities doesn't mean the coin is bad or useless.

Monero;s annonymity is oerfvectly fine and this is bullish to question that feature as this is perfectly legal and provide security and eradicate the chance of using it for illegal purposes. This is just a byorder the main thing abou monero is making the transaction fee low as zero. Be happy with the good ones do not judge foolishly.

If you think anonymity is used only for criminal activities then you are wrong, mate. Also the recent Bulletproof upgrade has also helped Monero to lessen the transaction fees. So get your facts right.

Do not deceive yourself about this coin becoming in the top soon.

Yes, it is being used but there have been concerns about it. I recently read in news in which one country which I cannot remember now asked exchanges to delist every completely anonymous cryptocurrency as these countries believe into the transparency of blockchain system.

Like most other coins, it is too a P2P currency but is completely anonymous and as long as someone accepts it as payment, no shit, but I want to assume and believe that in the long run and for most developed parts, when it comes to full anonymous cryptocurrency, there would likely be some crack down, just my own thoughts, as they believe it would actually aid in promoting dark market activities.

It's already number 10. Soon to be number 9 as Tether's implosion continues.


Decentralized exchanges are only becoming bigger and more common, as more and more people want to move away from the ridiculous KYC and account freezing that is taking place on many traditional exchanges. Monero is already trading on some decentralized exchanges, and will trade on more as time goes on. If it was genuinely delisted from every centralized exchange, the demand for it wouldn't go away - it would simply speed up its adoption on to DEXs.

I do not think that there is something that can be against it as there is nothing wrong actually in anonymous using of the cryptocurrency.

the fact that he is used to sell drugs is bad. but the fact that he is anonymous is very good

Monero's anonymity has the two side effects as it tend to protect it holders privacy. The same way Bitcoin anonymity is, also Monero's, they are all used for illicit and illegal transactions around the web for the sole purpose of privacy. Monero's anonymity is more less secure as we thought it to be.

I think that privacy is very important and monero And others privacy coin like zcash and verge will have success because many people just don’t want to be tracked..

The state too often climbs into our pockets, so coins like Monero will undoubtedly be very popular.