Monero Is Not Just a Tool for Hiding Illegal Activity
The darknet has had an undeniable impact on the growth of cryptocurrencies. Bitcoin saw most of its first use cases thanks to the darknet. Unfortunately, this also means Bitcoin and some other cryptocurrencies will always be associated with criminal activity, especially over the internet.
Monero falls victim to the same stereotypes, even though it makes more sense to use that currency on the darknet compared to Bitcoin. Then again, Monero is so much more than a tool for cybercriminals.
Every type of money that provides either privacy, anonymity, or both will always be associated with criminal activity. Fiat cash is perhaps one of the more obvious examples of this.
Every relevant TV show, movie, or book mentions how criminals will only accept cash as it leaves no trace. Using bills and coins is quite cumbersome when moving them in large quantities, though. Bags filled with money will always attract the attention of law enforcement.
TV show are made by stupid people...
The criminals in my country have a gang of robbers called the "IRS", they take payments in mostly fiat. I think currencies like Monero and Dash can help fight off these evil thugs....
Yeah they may come in handy in the battle against the IRS haha.
Privacy is necessary, especially if you are crypto rich. If you wouldn't announce the contents of your bank account to the world, why would you do the same with your crypto currency.
I totally agree, god knows how I'm going to spend my Bitcoins without paying tax