Monero - not as safe as it seems ?

[SamReomo]

Your thoughts on this ?

I still believe that Monero is safe and the authorities have used some type of social engineering to track those transactions. In simple words even a privacy coin like Monero won't be able to hide someone's crimes and the ones who do crime will always reach their destination and that's behind the bars.

[DrBeer]

Your thoughts on this ?

I still believe that Monero is safe and the authorities have used some type of social engineering to track those transactions. In simple words even a privacy coin like Monero won't be able to hide someone's crimes and the ones who do crime will always reach their destination and that's behind the bars.

Let's hope Monero remains a safe system. Though it always goes against the idea of comprehensive justice as people tend to use good technology for bad things .

[SamReomo]

Let's hope Monero remains a safe system. Though it always goes against the idea of comprehensive justice as people tend to use good technology for bad things .

Yes, I believe it will remain safe no matter whatever people say about it, and that's the reason why most centralized exchanges delisted it due to its high privacy feature. However, governments don't support it because it can be used for bad things but fiat can also be used for bad things and money laundering is mostly done in fiat then in crypto.

[philipma1957]

Let's hope Monero remains a safe system. Though it always goes against the idea of comprehensive justice as people tend to use good technology for bad things .

Yes, I believe it will remain safe no matter whatever people say about it, and that's the reason why most centralized exchanges delisted it due to its high privacy feature. However, governments don't support it because it can be used for bad things but fiat can also be used for bad things and money laundering is mostly done in fiat then in crypto.

Many times money transporting is done via crypto.

IE I live in Iceland you live in New Zealand.

I move wealth via crypto . Once I move it country to country with ease I may need to convert to cash to launder it.

[NotATether]

You cannot track Monero transactions from the blockchain. It would be very impractical and takes too much time even for the NSA. So if this activity was detected, then it must have been either from the issuers of stolen credit cards or from the websites from which Monero was bought or sold.

But it's highly unlikely, almost impossible that they actually breached Monero transaction confidentiality.

[DrBeer]

You cannot track Monero transactions from the blockchain. It would be very impractical and takes too much time even for the NSA. So if this activity was detected, then it must have been either from the issuers of stolen credit cards or from the websites from which Monero was bought or sold.

But it's highly unlikely, almost impossible that they actually breached Monero transaction confidentiality.

What you are talking about is the key problem, the current situation with the conditionally anonymous crypto world. Let me put it this way: today, it is impossible to live in the modern world, fully providing for one's needs only with cryptocurrency, without crossing over into the world of fiat money.
Even having, let's consider, a qualitatively anonymous blockchain like Monero, a person is forced to perform actions that will de-anonymize him, as an example - withdrawal of funds from the exchange to card accounts....

[BDose]

Monero will be the oldschool boy forever But ofc there are other alternatives that has proven their privacy.