Chapter 10 – Crypto
September 27, 2025•364 words
Chapter 10 – Crypto
At one point all crypto was private those days are long gone, for started because most were never meant to be private, Bitcoin has an open blockchain anyone can view, it has just become much easier to track with tools specifically designed to follow transactions around. That goes for the other top coins, eth, doge, lite coin. There are ways to make those coins more secure (less traceable) but the added issues of governments cracking down on exchanges have caused a lot of them to become kyc (know your customer) exchanges. This being a very lengthy sign up requiring, email, phone number, address or ID information. At the time of writing this there is only one crypto coin that is trusted and private and that would be Monero
Monero/xmr is at the forefront of crypto privacy and anonymity, that being said you can still buy it from all major exchanges. This does make it a bit less private and secure as it is now out there that you have bought xmr. They will not be able to track what you do with it but will see that you are using it and will be able to see whatever address you deposit it into.
Monero transactions are confidential and untraceable.
Unlike selectively transparent alternatives (e.g. Zcash), Monero is the only major cryptocurrency where every user is anonymous by default. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: Stealth Addresses, Ring Signatures, and RingCT Because every transaction is private, Monero cannot be traced. This makes it a true, fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.
Because xmr is so private it has acquired a name for itself in the criminal world and with that an easy target to label anyone using it as probably doing something illegal with it. Although that could be considered a downside for the average person just wanting to be able to buy store, receive money confidentially, just remember that the USD is still the biggest contributor to money laundering and purchase of illegal goods (in the US).