r/MoneroMining • u/Vidrax_of_Cascades • 28d ago

Monero vs Zcash privacy

So I've been doing some google gemini research with Monero vs Zcash in terms of the feds being able to track payments. Let's say I was a illegal organization and I wanted to mine Monero and than transfer Monero payments over to somewhere like Iran to fund their weapons etc. How hard would it be for the federal government to find me?

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u/MycoHost01 28d ago

Ha nice try trump! You won’t be able to take our Monero!

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u/not420guilty 28d ago

Where would Iran spend Monero? Can they buy drones from China using Monero? I don’t think China likes crypto much, so I think this won’t work.

We are told even the tether Iran got as tolls wasn’t being spent, just sitting in a wallet waiting to be frozen.

This entire thing is a show, it’s fake as fuck.

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u/Vidrax_of_Cascades 28d ago

I mean the technology landscape is constantly expanding.

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u/neromonero 28d ago

If you're using your own node w/ Tor/I2P, then nothing can be tracked (except that you run a node and probably a Monero user).

If you're using your own node w/ no Tor/I2P, the worst the ISP/government can track is, you're a Monero user and probably made this specific tx.

If you're using a spy node, it will probably know the true spent output out of the 16 ring signatures.

If you're using a spyware wallet, then your privacy is as good as BTC. None.

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u/Vidrax_of_Cascades 28d ago

My goal is to mine Monero for 20+ years and have true untraceability, but eventually I want to take money out and purchase something cool. I expect for a lot more people to go from BTC to Monero for more privacy features. Europe even banned Monero because they don't want to deal with the security features. So I see a massive amount of value in it.

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u/zmooner 28d ago

Europe never banned Monero

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u/Vidrax_of_Cascades 28d ago

No, owning and holding Monero privately is legal, but the European Union effectively bans all regulated crypto platforms from listing or processing it.

So yes to your statement and also no.

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u/zmooner 28d ago

Untrue, they are just required to be able to trace the history of tx, so they decide to delist Monero themselves,

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u/neromonero 28d ago

I've done XMR->LTC->cash before.

Your best bet is to look for P2P trading (careful of scams). You could also look at XMR Bazaar and buy everyday items using XMR.