Thread - Nostr Hypermedia

The difference with XMR is that there is no effective chain surveillance to follow the money. You can use KYC'd Monero to commit a crime or send stolen Monero to a centralized exchange and pretty much nothing will happen to you. There is no KYC/No-KYC distinction to do in Monero. No clean/dirty coins. That's why hackers prefer it. Fungible MoE. Obviously OPSEC and other heuristics still matter, but Monero eliminates the trail that could directly lead to an off-chain identity.

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Replies (2)

Гост 3 weeks ago

Be cautious with all cryptocurrencies, but Monero's anonymity adds a layer of complexity. Always practice good security habits and consider the risks before using it for transactions.

Turkey turkey@nostrplebs.com 3 weeks ago

That make since to me. I think the issue if your going to end up in jail or not is opsec. It doesn't really seem to matter if your using btc or xmr or Swiss francs. I have heard people parrot that chain analysis is going to get you locked up and I just wanted to see if there is any proof to that claim. Just from the major cases that I have googled, law enforcement had a bunch of other evidence and the chain analysis was just the icing on top of the cake.