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RE: Study On Dark Web Cryptocurrency Acceptance | Litecoin (LTC) Is More Accepted Than Monero (XMR) - For Now
I use litecoin to buy grey market drugs. If I were a drug dealer I would need to convert monero into litecoin in order to get cash at my local ATM. So that's an extra step. Privacy coins are just preying on people's fear.
It's good to watch just so you know what people use on those sites. The idea using litecoin is less safe than monero is crazy though
Do you mean people should realize that Monero and LTC relatively the same if you are looking for privacy and anonymity and that what is published blows Monero's capabilities way out of proportion?
I'm not sure about the comparison, but I thought Monero was not as safe as people expect it to be.
I think the danger is overstated. Cash out and delete the wallet. Most people who get caught selling drugs bought stamps with a credit card or put their real return address on a package or some other gross negligence. Even Dread Pirate Roberts put his real email in a post. No one seems to get busted because the police hacked tor or any weakness in bitcoin.
Ah...I get what you are saying now. Just like all these stolen funds on exchanges, its not any weakness in crypto, but the security of the exchanges.
Similarly, the people that use the Dark Web should be smart enough to take precautions as well. In other words, no crypto will truly save you from a mistake that you make yourself.
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