this post was submitted on 11 Aug 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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The "sources" are extremely sus. Most CEXes have delisted Monero and no-KYC exchanges by definition don't have KYC. The addresses are not stored on the blockchain. If an address is known to be CSAM, it would be blocked off so no transactions would have been made and because of the previous point, you can't go back in the blockchain to find past offenders. The CSAM site likely has other non-CSAM porn so many actual purchases would be legal so usage on honeypot exchanges would not mean much. Reading between the lines, the article is basically coming up with its statistics via inference. (1) Most BTC blockchain activity is speculation, (2) CSAM makes up a significant percentage of BTC actual usage, (3) Monero's popularity is growing, (4) Criminals prefer privacy, (5) therefore Monero's growth is mostly from CSAM. The main counterpoint to this is Monero's increase use in coin cards, VPN and other privacy tool/services purchases, Shopinbit, etc where Monero's use exceeds that of BTC and lightning. So (1) does not apply to Monero, and it's likely (2) if it were ever true is increasingly not the case so (5) is absolutely false.