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As a crypto critic, monero is basically the only useful innovation to come out of crypto. Unfortunately, most people buy crypto on exchanges so the idea of dece

As a crypto critic, monero is basically the only useful innovation to come out of crypto. Unfortunately, most people buy crypto on exchanges so the idea of decentralised, uncensorable etc are really oversold

thrwn_frthr_awy 5y ago
Can you explain that more? I'm not familiar with Monero. What apps couldn't be made without it?
- exdsq 5y ago
  Monero is a privacy-focused cryptocurrency. It obfuscates transactions while keeping the technical perks of a decentralized ledger.
  - thrwn_frthr_awy 5y ago
    Thank you. Would it correct to compare it to using cash in person, but online?
    - cuteboy19 5y ago
      Yes, it is the international cash for drug dealers and the like
    - exdsq 5y ago
      Yes! It’s a currency that’s probably closest to peoples intuitive ideas of what a cryptocurrency is. It absolutely can be used for criminal transactions but people who are very pro-privacy also argue for it.
riskneutral 5y ago
> As a crypto critic, monero is basically the only useful innovation to come out of crypto. I sort of agree with this assessment. I think it depends on what you mean by useful. Unfortunately, the only real-world, practical use of Monero is money laundering. I wouldn't want to trade a currency or work on a technology whose best use case is helping violent drug cartels conduct their financial transactions.