Questions tagged [monero]

RobertJohnson Sun Sep 29 2024 | 7 answers 1706

Can the government actually track Monero transactions, given its reputation for privacy and anonymity? Isn't Monero designed specifically to prevent anyone, including governments, from tracing the origin, destination, or even the amount of a transaction? With its use of ring signatures and stealth addresses, does this cryptocurrency truly offer an impenetrable veil of secrecy? And if so, how does this impact the potential for illegal activities to be carried out using Monero? Or are there still ways for authorities to investigate and uncover illicit activity, despite Monero's privacy features?

Sofia Sun Sep 29 2024 | 7 answers 1610

Could you please elaborate on the intended purpose of Monero? As a cryptocurrency, what specific goals or objectives does it aim to achieve? How does it differentiate itself from other digital currencies in terms of its purpose and functionality?

Michele Sun Sep 29 2024 | 6 answers 1532

Can you clarify for me if Monero has an infinite supply? It's an important aspect to consider when evaluating the long-term potential of any cryptocurrency. With Bitcoin, for example, there's a finite supply of 21 million coins, which many argue contributes to its scarcity and potential for appreciation. Does Monero operate on a similar principle, or does it have an unlimited supply that could potentially impact its value proposition?

VoyagerSoul Sat Sep 28 2024 | 7 answers 1914

I'm curious to know if the federal government has the capability to track transactions made with Monero, a privacy-focused cryptocurrency. With Monero's emphasis on anonymity and unlinkability, it's often touted as a way to conduct transactions with increased privacy. But does this mean that law enforcement agencies are unable to trace Monero transactions? Or are there methods and tools available to them that can potentially reveal the identities of Monero users? It's an important question to consider, especially in light of the increasing use of cryptocurrencies for both legitimate and illicit activities.

DigitalDuke Sat Sep 28 2024 | 5 answers 953

Could you elaborate on the ways in which criminals utilize Monero? As a privacy-focused cryptocurrency, Monero's anonymity features make it an attractive option for nefarious activities. Do criminals leverage Monero's untraceable transactions for illicit purposes like money laundering, drug trafficking, or even cybercrime? How do they navigate the complexities of Monero's blockchain to maintain their anonymity and avoid detection by law enforcement agencies? Additionally, are there any specific tactics or strategies that criminals adopt to maximize their use of Monero for criminal activities?