>>13820067 (pb)
untrue.
Why would you ever want the most transparent and traceable currency for Darknet use? It's literally the worst possible crypto you could choose to use for this. ESPECIALLY because 99% of people buy their crypto through an exchange with KYC, so you have to provide ID. They typically don't exhange for XMR then back to BTC or mix it/lightning it, nothing. It goes directly from their bank account to the exchange btc address to their personal btc address. All trivial to find in a split second. Ask yourself why there are so many blockchain analysis firms? Why can none of them target Monero? Why is Monero the most shorted crypto? What are TPTB scared of? 'Freedom' money that they CANNOT EVER control. BTC is in their full control. it's fully transparent and whoever owns the information owns it all. Chainalytics firms + all govs have been building these systems for 5+ years of serious work.
It's used for (technically legal but extremely shady money laundering via blackpool exchanges and manipulation) and to usher in the most traceable form of currency that there is. 10x worse than CC traceability.
It's an unregulated market that can simply be bullied day in and day out for a steady supply of black funds (some massaging required, eg Monero). Most if not ALL of these rats assets have been either seized or Frozen, they need liquid assets, this provides it.
BTC is 'backed' by mathematics. You'd need to either compromise the cryptographic algo or own over 51% of the network (extreme amount of power required) to commit any serious issues for BTC.
The issue is that it's completely unusable as a currency and is only operating as a speculative investment vehicle. It costs over $15 to send a single transaction and the network power usage is ridiculous, plus zero privacy (you don't want anyone to be able to publicly see all of your finances) which also means that the currency is NOT fungible.
BTC is ass, doesn't work, cannot work, designed to fail and is a surveillance coin.
Monero solves all of the above with complete always on privacy (ergo the ONLY fungible crypto), dynamic block sizing, tail emissions and currently works as designed, transaction costs are a third of a cent…
XMR is what Bitcoin was 'intended' to be (what people think it is). Could actually work. BUT with XMR vs Fiat, there is no 'backing' in a physical resource.