2 ms·
In many developing countries, the black market exceeds the size of the "legitimate" economy by many multiples. Monero just codifies what people already do with
by nostrademons 5y ago
In many developing countries, the black market exceeds the size of the "legitimate" economy by many multiples. Monero just codifies what people already do with a currency that's out of control of the local government (and presumably inflates less).
- verdverm 5y agoExcept that the same currency used in the black market is also accepted by banks and grocery stores. In other words, the black market operates with legal tender, not an illegal one (i.e. BTC or MNR if either are made illegal) Again, there does not seem to be any intrinsic difference between anonymous cryptos and non-anon if cryptos are generally illegal and not a valid tender