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Imagine one needs to make a life or death, but illegal, purchase like a life saving drug for someone unable to meet hospital prices. You would trust cash from
by lrvick 5y ago
Imagine one needs to make a life or death, but illegal, purchase like a life saving drug for someone unable to meet hospital prices.
You would trust cash from your bank before Monero because some public sources you read promises banks never log serials?
I do not know what public sources you have read but FWIIW my interactions with financial fraud investigators in private sector and multiple government agencies have convinced me cash transactions and those that make them can be logged in great detail for people of interest if nothing else.
While complex I would recommend Monero or tumbled Bitcoin for people that require high privacy over anything else today. It also avoids the major risks of having to meet in person to transact as with cash.
- acdha 5y ago> can be logged in great detail for people of interest if nothing else. That’s the key part: this is very different than all activity being routinely logged. Most of us never need to worry about this and someone in a hypothetical situation like you describe is presumably not a person of interest until afterwards, where that public blockchain history is a risk for the rest of their life. Similarly: > It also avoids the major risks of having to meet in person to transact as with cash. This wouldn’t matter in your hypothetical scenario where physical goods need to be exchanged. Again, my point is that this comes down to the marketing push. Even if the system works as planned, the number of people who made other opsec mistakes is high enough that in practice cash is not less safe.