Bitcoin Vs Monero - Privacy as the world becomes more dystopian - page 3.

wallet4bitcoin

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Quote from: barto123 on November 21, 2023, 07:04:43 AM

I love bitcoin, however i see privacy as the #1 concern going forward.

Monero is quietly gaining lots of adoption on websites, services, exchanges, dark net markets etc.

Most of the truth & freedom movement appear to recommend it over Bitcoin.

Node count has passed BTC and mining hash rate is growing rapidly as you don't need an Asics, just your PC.

To me it seems Monero is something that should not be ignored.

Also scaling is another issue, Bitcoin fees are 1000x Monero fees.

There's no reason why you can't Coinjoin/Lightning your UTXO's in conjunction with Monero - it's a good privacy tool and supplement to Bitcoin IMO.

Thoughts please. I want some honest opinions here.

Privacy network simply gives better edge compared to Bitcoin network. I don't consider the Monero a network that has much traction because people are silent about it. The reason for the silence is not because people don't care but because they have little or no information about transactions that goes on in there.

In no distant time, I believe that privacy netowrks like monero will gain traction and still leave its users safe and secure as the transactions can not be mirrored like it is through the Bitcoin network.

This will also make projects migrate to privacy chains and another wave of boom will emerge for them.

o_e_l_e_o

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Quote from: panganib999 on November 30, 2023, 06:55:01 PM

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Exactly. Exchanges cannot surveil it, cannot control it, and cannot censor it like they can do with every other coin. Their only option to conform with governmental demands is to delist it entirely. This is just more proof that Monero works.

And as I've said before, no one who is actually interested in the privacy that Monero provides is buying it through a fully KYCed centralized exchange anyway.

Quote from: The Sceptical Chymist on December 09, 2023, 07:13:39 AM

But monero? I don't know any place you can spend it

It makes up a third of all volume at Coincards: https://nitter.cz/CoinCards/status/1720502526339088602#m
And apparently now the most popular currency at this EU based online store: https://nitter.cz/shopinbit/status/1726672087761494495#m

Quote from: The Sceptical Chymist on December 09, 2023, 07:13:39 AM

Aside from that, I've got no problems whatsoever with XMR. And by the way, most altcoins have much lower fees and much faster confirmation times than bitcoin. I wish that weren't so, but that's the reality.

Only because most altcoins are incredibly insecure. If you think BCash is fast, for example, it actually takes over 1,000 BCash confirmations to have the same security as 6 bitcoin confirmations.

cryptosize

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Quote from: leonair on December 09, 2023, 07:21:31 AM

Quote from: cryptosize on December 04, 2023, 12:15:31 PM

Quote from: apogio on December 04, 2023, 10:40:38 AM

Quote from: panganib999 on November 30, 2023, 06:55:01 PM

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Yes, but this is exactly the reason CEXs don't like Monero. Its anonymity and privacy is a threat for them, because they can't censor it and they can't have any control over it in case any central authority (i.e. government, bank etc) ask for it.

So, to comply with their rules, CEXs have to ignore Monero. It is by default, too good for us, too bad for them.

Binance, Kraken, KuCoin still list it:

https://coinmarketcap.com/currencies/monero/#Markets

Even if they delist it, they can do nothing about DEX bridges.

As a privacy coin it only complete a Internal transcation which is not possible publicly track like another crypto coins/tokens. but bitcoin is totally decentralised coin and it has more privacy then Monero. also bitcoin has decentralised wallet which is not possible to hack. so it doesn’t matter how internal transcation complete Monero coin bitcoin will always a strong secure coin then Monero

Excuse me? Are you a ChatGPT bot or what? Roll Eyes

Quote from: apogio on December 09, 2023, 12:42:24 PM

Quote from: leonair on December 09, 2023, 07:21:31 AM

As a privacy coin it only complete a Internal transcation which is not possible publicly track like another crypto coins/tokens. but bitcoin is totally decentralised coin and it has more privacy then Monero. also bitcoin has decentralised wallet which is not possible to hack. so it doesn’t matter how internal transcation complete Monero coin bitcoin will always a strong secure coin then Monero

Are you saying "then" or "than"?

Bitcoin is not as private as monero is. Monero offers anonymity, whereas Bitcoin offers pseudonymity.

As far is decentralisation is concerned, then it is very difficult to calculate which one is more decentralised. Bitcoin is huge compared to XMR.

I'd argue Monero's decentralization is pretty good, since anyone with a CPU can contribute to the network's security (much like during BTC's early days). Not everyone has an ASIC though...

apogio

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Quote from: leonair on December 09, 2023, 07:21:31 AM

As a privacy coin it only complete a Internal transcation which is not possible publicly track like another crypto coins/tokens. but bitcoin is totally decentralised coin and it has more privacy then Monero. also bitcoin has decentralised wallet which is not possible to hack. so it doesn’t matter how internal transcation complete Monero coin bitcoin will always a strong secure coin then Monero

Are you saying "then" or "than"?

Bitcoin is not as private as monero is. Monero offers anonymity, whereas Bitcoin offers pseudonymity.

As far is decentralisation is concerned, then it is very difficult to calculate which one is more decentralised. Bitcoin is huge compared to XMR.

arabspaceship123

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I don't understand why you're saying you need internal transactions for privacy because XMR's functioning on a privacy blockchain. Which coin are you talking about I've been reading your comments you haven't specified the name of the coin you've said works better than XMR. If this isn't about Monero which coin do you mean?

Quote from: leonair on December 09, 2023, 07:21:31 AM

As a privacy coin it only complete a Internal transcation which is not possible publicly track like another crypto coins/tokens. but bitcoin is totally decentralised coin and it has more privacy then Monero. also bitcoin has decentralised wallet which is not possible to hack. so it doesn’t matter how internal transcation complete Monero coin bitcoin will always a strong secure coin then Monero

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Quote from: cryptosize on December 04, 2023, 12:15:31 PM

Quote from: apogio on December 04, 2023, 10:40:38 AM

Quote from: panganib999 on November 30, 2023, 06:55:01 PM

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Yes, but this is exactly the reason CEXs don't like Monero. Its anonymity and privacy is a threat for them, because they can't censor it and they can't have any control over it in case any central authority (i.e. government, bank etc) ask for it.

So, to comply with their rules, CEXs have to ignore Monero. It is by default, too good for us, too bad for them.

Binance, Kraken, KuCoin still list it:

https://coinmarketcap.com/currencies/monero/#Markets

Even if they delist it, they can do nothing about DEX bridges.

As a privacy coin it only complete a Internal transcation which is not possible publicly track like another crypto coins/tokens. but bitcoin is totally decentralised coin and it has more privacy then Monero. also bitcoin has decentralised wallet which is not possible to hack. so it doesn’t matter how internal transcation complete Monero coin bitcoin will always a strong secure coin then Monero

The Sceptical Chymist

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Quote from: NotATether on November 21, 2023, 07:13:11 AM

Are you sure it is getting a lot of adoption on exchanges?

I'm not even sure that's a big positive, even if what OP said is true, which I'm not sure of as monero has been listed on tons of exchanges for years now anyway.

The thing about bitcoin is that its one of the few cryptocurrencies that can actually be used as money to buy stuff from merchants, which I believe was one of the intended purposes from the get-go. But monero? I don't know any place you can spend it, and I'd like to see some evidence that it's being used on the dark web. It makes sense that it would be, but I've never visited any onion sites and so I don't know if it's really being used there.

Aside from that, I've got no problems whatsoever with XMR. And by the way, most altcoins have much lower fees and much faster confirmation times than bitcoin. I wish that weren't so, but that's the reality.

Quote from: Kruw on November 30, 2023, 07:25:35 PM

Quote from: barto123 on November 30, 2023, 04:27:35 PM

Coinjoin is only forward facing privacy & lightning has a lot of privacy holes.

What do you mean "Coinjoin is only forward facing privacy"?

I was curious about that statement as well.

arabspaceship123

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In America if crypto exchanges want to granted official or regulated status they won't be allowed to use XMR or other privacy coins because govts want to know everything about crypto transactions. If exchanges can't give govts details on transactions they won't be allowed to trade. Did you hear other news?

Quote from: GingerAle on December 03, 2023, 03:17:33 PM

Quote from: arabspaceship123 on December 01, 2023, 05:24:29 AM

If it wasn't successful it won't be used. The privacy and anonymity works to its advantage that's why centralised exchanges in America are dropping Monero. They're scared of American regulations so they'll delist but it's going to remain available on decentralised exchanges. It doesn't change anything for privacy but XMR trade volumes aren't going to be high.

Quote from: panganib999 on November 30, 2023, 06:55:01 PM

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Which american exchanges?

cryptosize

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Quote from: apogio on December 04, 2023, 10:40:38 AM

Quote from: panganib999 on November 30, 2023, 06:55:01 PM

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Yes, but this is exactly the reason CEXs don't like Monero. Its anonymity and privacy is a threat for them, because they can't censor it and they can't have any control over it in case any central authority (i.e. government, bank etc) ask for it.

So, to comply with their rules, CEXs have to ignore Monero. It is by default, too good for us, too bad for them.

Binance, Kraken, KuCoin still list it:

https://coinmarketcap.com/currencies/monero/#Markets

Even if they delist it, they can do nothing about DEX bridges.

apogio

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Quote from: panganib999 on November 30, 2023, 06:55:01 PM

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Yes, but this is exactly the reason CEXs don't like Monero. Its anonymity and privacy is a threat for them, because they can't censor it and they can't have any control over it in case any central authority (i.e. government, bank etc) ask for it.

So, to comply with their rules, CEXs have to ignore Monero. It is by default, too good for us, too bad for them.

GingerAle

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Quote from: arabspaceship123 on December 01, 2023, 05:24:29 AM

If it wasn't successful it won't be used. The privacy and anonymity works to its advantage that's why centralised exchanges in America are dropping Monero. They're scared of American regulations so they'll delist but it's going to remain available on decentralised exchanges. It doesn't change anything for privacy but XMR trade volumes aren't going to be high.

Quote from: panganib999 on November 30, 2023, 06:55:01 PM

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Which american exchanges?

arabspaceship123

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If it wasn't successful it won't be used. The privacy and anonymity works to its advantage that's why centralised exchanges in America are dropping Monero. They're scared of American regulations so they'll delist but it's going to remain available on decentralised exchanges. It doesn't change anything for privacy but XMR trade volumes aren't going to be high.

Quote from: panganib999 on November 30, 2023, 06:55:01 PM

Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Kruw

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Quote from: barto123 on November 30, 2023, 04:27:35 PM

Coinjoin is only forward facing privacy & lightning has a lot of privacy holes.

What do you mean "Coinjoin is only forward facing privacy"?

panganib999

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Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.

Cutting the smug off, When you're given the choice between a practically new kid on the block with a lot to prove for itself but shows great promise, and a veteran in the industry that's standing still despite numerous attempts at its life and is still able to provide the same if not better kind of service all these years, I'm pretty sure you'd choose the latter. And that's no surprise, bitcoin's always been the safest choice all these years after all.
Monero is good and all that, but it just couldn't hold a candle against the longevity and the sense of security that people have over bitcoin. You can make people hold bitcoin for a decade, but you can't make them hold Monero, on a particularly long amount of time.

barto123

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Quote from: Kruw on November 21, 2023, 02:10:55 PM

Quote from: barto123 on November 21, 2023, 07:04:43 AM

There's no reason why you can't Coinjoin/Lightning your UTXO's in conjunction with Monero - it's a good privacy tool and supplement to Bitcoin IMO.

If you are already using coinjoin and Lightning, then what supplementation does Monero provide?

Coinjoin is only forward facing privacy & lightning has a lot of privacy holes. Monero as the final spend is a good idea IMO. Or swap Monero to Lightning. Mix it up though, you don't want the same patterns.

PrivacyG

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Quote from: pinggoki on November 30, 2023, 02:02:18 AM

It's too late for me to hide anything on the government and it's not like they are going to tax me on my crypto stuff so I don't think that I'm ever going to try using Monero and now that a lot of CEX are trying their best to remove it in their exchange.

You are taking the wrong approach. It is never too late to start taking your Privacy back. Taxed or not, why continue letting the Government collect information on you and slash your Privacy away. Using Monero is not about hiding for Taxes. Using Monero is about just that. Part of getting back Privacy in your life.

As for Monero and Exchanges. Even if Centralized Exchanges remove Monero it does not mean much. Centralized Exchanges will have to obey to what Authorities say. Authorities hate Monero because you can have Privacy again. So this happens. Centralized Exchanges are requested to remove Monero or they are doing it on their own out of fear of getting sanctioned or investigated by United States.

Quote from: pinggoki on November 30, 2023, 02:02:18 AM

We're probably living in a dystopia already, we just refuse to see it because it's not what we've expected of the dystopias we've watched and read. I would still go for bitcoin, I'm good enough with the pseudonymity that it provides, maybe I'll worry about my privacy when I have tens or hundreds of millions if not billions in crypto.

Why worry ONLY if you have a massive Wealth? What is the point of only worrying when you have that much if every body can see your history already. The point is caring about Privacy BEFORE some body is interested in researching your history. Because why let them search your history. Who are they to invade your Privacy? No body should be able to do that.

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Quote from: cryptosize on November 30, 2023, 05:10:48 AM

Why do people pay millions of dollars for a bunch of paint on a canvas (Mona Lisa)?

Most of the time it's money laundering via the "art" excuse. Roll Eyes

Or perhaps it's a way to show power. I mean apart from the money laundering reason. There are people who really think that others will feel jealousy if they buy a super expensive item. That's a motivation too.

cryptosize

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Quote from: apogio on November 30, 2023, 02:09:32 AM

Quote from: nutildah on November 29, 2023, 09:17:33 AM

LOL! I'm really not surprised... The first copycat was Litecoin Ordinals (because it also has SegWit & Taproot), then Doginals, then Ethscriptions, then Solscriptions, then inscriptions on AVAX & MATIC... and now Monero. That's the funny thing about NFTs on Monero though: nobody knows when they change hands, and nobody knows who has which ones. Think I'll pass. Cheesy

The only question I have is why on earth do people want to have ordinals in the first place. What do they gain with them? Do people really think that this is art and someone will pay absurd amounts of money to buy them in the future? This is ridiculous, pixelized sh*t.

Why do people pay millions of dollars for a bunch of paint on a canvas (Mona Lisa)?

Most of the time it's money laundering via the "art" excuse. Roll Eyes

apogio

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Quote from: nutildah on November 29, 2023, 09:17:33 AM

LOL! I'm really not surprised... The first copycat was Litecoin Ordinals (because it also has SegWit & Taproot), then Doginals, then Ethscriptions, then Solscriptions, then inscriptions on AVAX & MATIC... and now Monero. That's the funny thing about NFTs on Monero though: nobody knows when they change hands, and nobody knows who has which ones. Think I'll pass. Cheesy

The only question I have is why on earth do people want to have ordinals in the first place. What do they gain with them? Do people really think that this is art and someone will pay absurd amounts of money to buy them in the future? This is ridiculous, pixelized sh*t.

pinggoki

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It's too late for me to hide anything on the government and it's not like they are going to tax me on my crypto stuff so I don't think that I'm ever going to try using Monero and now that a lot of CEX are trying their best to remove it in their exchange. We're probably living in a dystopia already, we just refuse to see it because it's not what we've expected of the dystopias we've watched and read. I would still go for bitcoin, I'm good enough with the pseudonymity that it provides, maybe I'll worry about my privacy when I have tens or hundreds of millions if not billions in crypto.

Topic: Bitcoin Vs Monero - Privacy as the world becomes more dystopian - page 3. (Read 2044 times)