What makes it make sense?
replyCryptocurrencies that are transparent to government tracking are also transparent to whatever criminals want to beat you up and take everything from you.
replyYour usual non-crypto millinare likely have less money to steal on them than average grandma. Fiat millionare likely have two credit cards and $100 in a pocket. Or useless iPhone with Apple pay. So there is zero profit in trying to rob fiat millionare or billionare and tons of downsides.
And moving any amounts of transparent crypto over $100,000 just paints huge "rob me" target on your person.
https://xkcd.com/538/ I've never been so honoured to be able to link one of these.
replyThat's classic, but whole point with Monero is that no one cant really tell who sent money and who get them.
replyIt doesnt exactly solve on-ramp / off-ramp, but it hides very well how much you actually have in total.
With nornal crypto you create direct track from a CEX to every place where you spend the money.
How would anyone know you have monero if it can't be linked to other transactions like bitcoin?
replyThey can't help but brag about it.
replyI vaguely remember actually the number 1 and 2 "rule" of Monero to not say how much you have. We're lucky how dumb many cybercriminals are.
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replyIt’s hardest to track so a lot of these heists go into Monero
replyIronically that people use it to buy drugs. If it's anonymous, it's closer to the original intention of BitCoin: the masses of CPUs then GPUs can be considered a "paperclip moment" - runaway effects are real.
replyBut where do I invest when I want my capital to generate something of economic value?
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