Monero: Why Governments Hate It

Every transaction you make is tracked (including Bitcoin) Governments, taxmen, banks—they all want a piece. Monero (XMR) is the privacy coin that flips off the surveillance state.

Monero is hated by the IRS, EU, and basically every regulator because it’s actually private. No one can see your transactions or link them to you if you use it correctly. Exchanges like Kraken, Binance and others delist it because of government pressure.

But the more they ban it, the more people find out about it—classic Streisand Effect.

Here’s the easiest way to get XMR in my opinion, I'll be name dropping the services I use here but DYOR of course.

1. Buy Litecoin (LTC) from wherever you normally buy crypto, probably a centralised exchange (cheap and fast transactions).

2. Use trocador.app to swap LTC for XMR.

3. Send your XMR to a subaddress in your Monero wallet.

I use Cake Wallet for this. Subaddresses are just separate “receive” addresses that all go into the same wallet. Cake makes it easy to create them and keep track.

Why bother with all this?

Total privacy. No one sees your transactions.

You probably fell off a boat at some point, or gambled it away on decentralised exchanges, so as far as the taxman knows, you don't hold any Monero.

It's pretty much the only CryptoCurrency that's actually used for buying things – Dark Web Markets. Now we know bitcoin is traceable, most sellers on these platforms prefer XMR. You might not use the dark web, but it's like ebay for illegal shit like weed, except your dealer has reviews like on ebay. These markets are not going away.

If Bitcoin ever went fully private like Monero, it’d be game over for financial surveillance. But for now, XMR is the best bet for those of us who don’t want the government in our wallet.

Have you used XMR? What’s your setup? Any advice for newcomers? Do you prefer another privacy coin? What percentage of your portfolio is privacy coins?