this post was submitted on 13 Oct 2024
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Youtube Video Monero mentioned: 'Centralized exchanges and governments don't like what they can't control.' (monero.town)
submitted 3 weeks ago by Wave@monero.town to c/monero@monero.town
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From min 3:53 about Monero.

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[–] Wave@monero.town 2 points 3 weeks ago* (last edited 2 weeks ago)

black or grey economy

A simple example: A Rastafarian from Indonesia buys cannabis products in the Netherlands and pays in Bitcoin. This is much more dangerous for him than paying for the purchase in Monero. Indonesian penalties are draconian. But most of us here would probably agree that the buyer should have nothing to fear.