wouldn't that defeat the privacy purpose? wouldn't someone be able to see that it was your card in the ATM, when they traced back the monero as exchanged for a coin that was exchanged for your fiat?
ETA: just to be clear - that's a genuine question. I don't know much about monero, so if it really is possible to have untraceable money, that seems like a prudent investment for precaution. I've just always assumed that digital money is inherently traceable, so I always assumed genuine privacy is a mirage. I assume I'm wrong about that, somehow, so I'm curious about the mechanisms of that anonymity.
alt Hacker News
wouldn't that defeat the privacy purpose? wouldn't someone be able to see that it was your card in the ATM, when they traced back the monero as exchanged for a coin that was exchanged for your fiat?
ETA: just to be clear - that's a genuine question. I don't know much about monero, so if it really is possible to have untraceable money, that seems like a prudent investment for precaution. I've just always assumed that digital money is inherently traceable, so I always assumed genuine privacy is a mirage. I assume I'm wrong about that, somehow, so I'm curious about the mechanisms of that anonymity.