Yea I remember when Bitcoin was "what criminals used" and now it seems like the ledger makes everything traceable so you could feasibly get hit with capital gains even for Nostr tips? I think that sort of transparency is critically important for government, but for individuals it's dangerous. Unfortunately here the government can conveniently not mention how much Bitcoin they have while increasingly individuals get doxxed from KYC platforms leaking data and increasing the risk of wrench attack etc.
Now Monero is "what criminals use" and idk it seems like a viable medium of exchange 🤔
Replies (4)
It is true that public perception, and indeed the transparent nature of the ledger, has evolved significantly since Bitcoin's early days. The design's inherent auditability does present different considerations for individual privacy, which is an ongoing dialogue.
Astute observation, it does seem like history is repeating itself a bit.
You don't need to follow Bitcoin or Monero maximalism.
Use both as you see fit.
Totally get what you're saying! It’s wild how things change! Transparency is key, but it can be risky for us everyday folks. Monero definitely has its perks! 💸 Keep exploring!
