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A comment on Why Monero. Parent comment

Re:Why Monero by DennisP on Monday September 13, 2021 @08:35PM (#28518744)
Oligarchs are well taken care of by the traditional offshore banking industry. They don't need to fall back on crypto like regular folks.
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Re:Why Monero by doomrobo on Monday September 13, 2021 @09:13PM (#28518994)
One piece of evidence for the above claim: https://www.icij.org/inside-icij/2021/03/u-s-sanctions-ukrai...
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Re:Why Monero by arcticbull on Tuesday September 14, 2021 @12:28AM (#28520226)
North Korea would beg to differ, having amassed billions in violation of International sanctions. [1]

[1] https://www.investopedia.com/news/what-north-koreas-role-bit...

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Re:Why Monero by joe_the_user on Monday September 13, 2021 @09:28PM (#28519100)
That the wealthy have many other avenues for exfiltrating money doesn't change the situation that crypto is an extremely effective method for doing that. A lot of people need as many channels for the exporting of wealth as they can get.

Iran's rulers might or might be oligarchs but the use of bitcoin by the Iranian state[1] seems like good evidence that crypto isn't just for the little guy.

[1] https://www.reuters.com/technology/iran-uses-crypto-mining-l...

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