Recently the broker Coinsbuy suffered an attack and had $8 million drained in cryptocurrencies. Not long ago we also had a drainage in Coldcard wallets. Some of the money stolen from these two situations would have been converted into XMR due to its private nature, something that may explain the recent valuation.
The point is that Monero has been the target of criticism and regulatory (irrelevant) pressures due to the concealment characteristics of senders, recipients and values. However, like other current tools, there is always an ethical and unethical use for any situation whatsoever.
The privacy of the user is a right, a basic right of the human being. Cutting-edge cryptography is the result of many years of study so that this right could be viable mainly in the world today where, in every space, there are specialized machines in data breach. Machines that make you into only one selling product, a commodity.
The world really has a dark side, part that was there and stole Coinsbuy, for example. It could have been something like: “I discovered a fatal mistake in your software, correct it before someone takes advantage.” Everyone has a motivation. I only find it kind of amazing how we can lose so many things with just a few clicks. I was moved when I received the news that a person from my local had lost all of their funds in Bitcoin, really something very sad, depressing.
But history is not just about robberies, but also about inconsistencies. The state is an “expert” when it comes to “citizen protection.” They say they use the tools only for good, something like: “Leave us with us”. They took all the scientific knowledge and made and still wage wars between them. Such scientific knowledge that could be used to improve the world is simply being diverted to create weapons for mass destruction. They never admit that.
So would it be fair to say that we should give up science just because some use it for evil? Obviously not, because in the end it is always the decision of the user to use his means to achieve his goals, the contrast between life and death.
Just as Hackers have the power to exploit failures and take advantage of it, companies also have their ability to self-defense by creating increasingly secure software. Did you realize that one is a match for the other?
Forced monopolism is highly destructive to our world, because it creates a group or groups with inferior technical mechanisms that cause them to be dominated by the aggressors. They don’t want to solve anything, they’re just worried that simple people with a humble computer like me have access to such a powerful and revolutionary tool.
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It's worth giving it a chance