Re:Why Monero
by user-the-name on Tuesday September 14, 2021 @02:57AM
(#28521236)
Paper money is much, much more difficult to use for crime than cryptocurrencies.
[ Parent
| on HN ]
Actually it is WAY easier to use paper money for crime than cryptocurrencies.
Re:Why Monero
by TameAntelope on Tuesday September 14, 2021 @03:15AM
(#28521365)
Aha! How would you know?!
Kidding aside, I have zero clue what the actual adoption rate is for Monero in the seedy underworld of common criminality, so I can't really challenge anyone on this argument.
I can say if I were a criminal, I'd want to keep it as low tech as possible. Given how sophisticated computer forensics is, I don't think I'd be able to keep everything "clean", digitally speaking.
It depends on the kind of crime. Some crime is easier with cash.
For example, many professional bartenders commit tax fraud every day by not reporting cash tips. This is directly facilitated by paper currencies.
Re:Why Monero
by user-the-name on Tuesday September 14, 2021 @04:54AM
(#28522012)
It is not "facilitated" by it, that is just because cash tips are given in paper currencies and not in Monero.
If tips were given in Monero, the tax fraud would be even easier.
Re:Why Monero
by SpaghettiCthulu on Wednesday September 15, 2021 @11:07PM
(#28547485)
Uh, why would it be easier?