Categories: CryptoNews

Using Monero on The Darknet Won’t Get You In Jail, Stupidity and Complacency Will

Now that several darknet marketplaces have started accepting Monero as a payment option, an interesting shift in the ecosystem is created. Although these marketplaces will mostly deal with Bitcoin, Monero presents some interesting anonymity features. One recent Reddit post explain how to use the currency and not go to jail for doing so, which is sending a very wrong message.

Monero Won’t Get You In Jail By Any Means

There seems to be a lot of confusion regarding the bias of cryptocurrency. Bitcoin and Monero have no bias towards legitimate or illegal use cases, even though they can both be used in a different manner entirely. Using cryptocurrency on darknet markets does not make either currency illegal, although some people seem to think they will go to jail for using either currency.

What darknet users should be most concerned over is their own behaviour on the platform. Buying illegal goods or services will get people in jail sooner or later, regardless of how they pay for it. Cryptocurrency is not designed to facilitate illegal activity or purchases, even though Monero offers more anonymity compared to Bitcoin right now.



At the same time, Monero does not advertise itself as a complete privacy-centric solution either. There are additional traits that make it more privacy-oriented than Bitcoin, but it is far from a perfect solution. Anyone who expects something differently may want to read up on what these currencies provide exactly, and avoid disappointment that way.

Related Post

Running one’s own Monero software on a  device controlled by the user is always the preferred solution. Otherwise, there will be little to no additional privacy compared to Bitcoin transactions. At the same time, using a Bitcoin transfer on darknet markets while relying on a third-party service provider is asking for trouble as well. This “problem” is not inherent to just Monero by any means.

Moreover, using Monero through ShapeShift is not the best option either.. The company does specify they will comply with all legal request for user information. The same applies to any bitcoin wallet provider that acts as a third party. People who demand more privacy and anonymity when paying for goods on the darknet will have to put in a lot of effort. Monero is not here to make things a lot easier all of a sudden. It has benefits, but only if the user wants to pursue it. The same applies to Bitcoin, albeit it is inherently less anonymous and privacy-centric.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

The Calculated Collapse of $TG: How a “Utility” Token Was Engineered for a Rug Pull

In the unpredictable world of cryptocurrency, new tokens launch daily, each one a shining beacon…

1 day ago

Staked Ethereum Hits Record High as Whale Accumulation Signals Bullish Long-Term Sentiment

Once more, Ethereum is commanding the spotlight as fresh figures indicate that the amount of…

1 day ago

Arbitrum Sees Surge in Protocol Revenue and EIP-7702 Adoption Following ArbOS 40 Upgrade

The ecosystem on Arbitrum keeps flaunting its robust foundations, with a steady incline in the…

1 day ago

Ethereum Whale Accumulation Surges as Long-Term Confidence Outweighs Short-Term Volatility

Once again, major market players are focusing on Ethereum. The whale activity surrounding the second-largest…

4 days ago

Week in AI: Fartcoin Steals the Spotlight Amid Market Turmoil

It has been a tumultuous week for the artificial intelligence sector in crypto. Sharp valuation…

5 days ago

BSC Foundation Resumes Strategic Accumulation: VIXBT, CAKE, LISTA, and MOOLAH Under Spotlight

Following a brief stint of dormancy, the BSC Foundation is back in action, reestablishing its strategic…

6 days ago