Bitcoin can be traced, If you use XMR, then there isn’t much anyone can do (monero.town)

submitted 1 year ago by Wave@monero.town to c/monero@monero.town

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"If you use XMR, then there isn't much anyone can do (or to help you with), as far as I know. Bitcoin can be traced, but not frozen, until you send it to a CEX."

"The key point is, you have the choice."

Twitter

@cz_binance said it before and he will say it again:

Bitcoin is traceable. https://monero.town/post/461435

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[-] Saki@monero.town 2 points 1 year ago* (last edited 1 year ago)

Thanks for posting the pic! So this is the source of the quotes about the kidnapping incident.

The key point is, you have the choice.

This could mean two different things. 1) You have the choice to use XMR; draw your own conclusions. [positive implications] -OR- 2) Monero is not good; there is no option to freeze it. [negative implications]

PS: Happened to find a still-working privacy instance (Tor-friendly) https://nitter.oksocial.net/cz_binance/status/1723032911278960959#m and I’ll quote:

CZ 🔶 Binance The key point is, you have the choice.

Crypto Eagles I have no choice coz I am afraid of BANKS 😅 so i am all in $BTC

CZ 🔶 Binance It's a good choice. We are lucky to have it.