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How To Hide Money From Your Wife In A Divorce - MGTOW
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Hi Everyone Sandman Here,
This video is brought to you by a donation from Mr. Anonymous and here's what he has to say: "Hi Sandman, I would like to know your thoughts on Monero as an alternative to Bitcoin, storing your wealth on a private blockchain away from prying eyes is a great thing. Most cryptocurrencies operate on a transparent ledger, with just your address I can see how much you have, but with Monero I can't even prove you have it. Unfortunately I believe Bitcoin doesn't achieve what it was created for, each coin has a recorded history so one coin is not the same as another, it's not a fungible currency. Monero achieves fungibility through privacy and has much lower transaction fees. No woman can find out how much you have, so its the perfect MGTOW money. I have heard you mention Monero a few times but you never go into detail about it. Thanks!" Well Mr. Anonymous thanks for the Monero donation and topic request. If you want to hide money from a woman it might be good for the short term. I do everything legally and I'm not suggesting you violate a court order but the problem with Monero is that it's not a good store of value in the long-term. Look at this chart. It didn't even reach it's all time highs of early 2018 in 2021. So compared to Bitcoin it's a poor store of value. If you bought at the height of the 2017 to 2018 bull market you'd still be down and odds are you'll never see a return on your money. Now that doesn't mean it's not a good to move to move money into Monero and then into Bitcoin on an exchange that doesn't require a KYC or know your client form where they force you to take a picture or your drivers license and passport. It's a good way to get your money out of the system in an untracable way and you could leave for a country that doesn't have a tax on Bitcoin so you can convert the Monero to Bitcoin and then out to the local currency where ever you are and there is no trail. Monero is better as a currency than Bitcoin because it's faster and offers more privacy. But where it fails is as a store of value and it doesn't scale. Sure it's proof of work just like Bitcoin and it has a network of loyal users and followers such as yourself Mr. Anonymous. But it also isn't the dominant crypto network. That title goes to Bitcoin. Also the reason governments allow Bitcoin besides being unable to stop it because of it's decentralized nature is because they want to be able to track money and tax it. They can't exactly do that with Monero which means they will probably make it very difficult for crypto exchanges to opperate in the United States. We are already seeing that with the government suing Binance and Coinbase for running an unregulated exchange.
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