It’s likely. EU also recently voted on a 3k euro limit for cash limit for non-kyced transactions. Good thing we have Haveno coming up which is a p2p marketplace and so far the EU has left p2p mostly alone (not like a ban would be enforceable anyways).
If you receive a donation through the Ethereum anonymization contract Tornado Cash, everyone can see that and since the contract is also used by sanctioned states like North Korea, all funds going through Tornado Cash were put on a sanctions list (pretty easy since they only needed to sanction the contract address). Monero is different in the sense that it has privacy by default and while you might be able to point out that some criminals use Monero, you can’t really prove it directly with the blockchain like you can with Tornado Cash.
Imagine the government sees that a ton of people, including known terrorists were all sending credit card payments to the same guy, who mixes everyones money together to hide it’s origin (now he is the origin though) and now money from that place of origin is used to fund attacks on the government but also to donate to kids with cancer. Of course the guy will have to be arrested and all the money that went through him marked as sanctioned.
Monero on the other hand works as an independent version of cash, not tied to any nation but instead governed by cryptography and code, which are protected by the First Amendment. If a government doesn’t like Monero, they can still easily make access to Monero very complicated via laws that prevent centralized exchanges from listing it, and they do, but outright sanctioning the whole network could be very, very hard and might literally be impossible without trampling all over free speech laws.
How does anyone accepting cash donations prevent donations from sanctioned nations?
Also pretty sure that Ukraine has gotten a bunch of donations from Russian citizens (who faced consequences if they used traceable means of payment).
I’m looking forward to Serai :)
If that is actually the case, the crypto portion is at least not that bad. The 10k limit on cash transactions is just not feasible in some industries though.
Monero is actually the least volatile crypto asset that is not specifically designed to be pegged to fiat.
Thanks everyone who reported the comment. I should probably look into getting another admin or two on board.
Hm i see, you’re right. Maybe because monero.town isn’t your home instance? I might set the default to “new” if that’s the case.
No idea, looked fine on my side.
Note that it’s still on stagenet. Mainnet testing is supposedly going live in a handful of weeks.
It’s often the same people.
Most of the downvotes are from lemmy.world who have made it their new hobby to downvote posts on our instance, don’t take it personal :)
https://serai.exchange will have its first testnet soon. It assume it could become THE place to trade XMR in the future.
Just to make things clear, the Bitcoin ledger is entirely transparent so not actually anonymous. While it’s technically possible to not get caught with bitcoin, it requires a ton of extra effort and if you mess up only once, you might retroactively link everything back together. In Monero there are some known attacks that could reduce your privacy but if you are aware of those they can be easily avoided. There’s actually a whole youtube show on those.
Imagine extorting $50k from someone, you can see the bitcoin move from the extortionists wallet to a non-kyc instant exchanger and 30 minutes later a non-kyc instant exchanger sends $50k minus transaction fees to a Binance account. Doesn’t exactly require breaking encryption that’s been around for years to make the connection.
Doesn’t really matter though. If he had held onto the Monero, he would have still gotten caught because he accidentally uploaded his /home directory with personal info and published it with his extortion-account when trying to upload stolen data.
Monero is the solution to this specific problem though? Acceptance is a different problem and can be solved by asking the org to accept Monero.
And already awarded, which honestly surprises me way more lol.