Damn, I made a great reply and it never sent–that sucks.

I was more nuanced and specific, but I don't want to do it all again.

1. The fees are not awful idk what you mean, I pay between 0.1% and 1% fees on Monero transactions.

2. If the modelling can't manage their risk characteristics, they are by definition a victim of the financial system. I was more talking about people who have been debanked, though.

I have a Russian friend who can't pay for things online in fiat because of sanctions and the risk to his life from being on the free internet. So, he uses Monero and Tor and takes his OPSEC seriously. He is a victim of trad-fi, and Monero allows him to take his freedom back.

This is actually one of the major reasons people should be very weary of accepting crypto, especially Monero. Instead of being able to basically outsource sanctions compliance to a bank, you take on the burden of trying to figure out if your customers are sanctioned yourself - with potentially dire consequences to your business if you get it wrong.