Topic: Bitcoin Vs Monero - Privacy as the world becomes more dystopian - page 6. (Read 2047 times)

They are not just against mixer but they are against any technology that will give us privacy and they will do whatever it takes to make sure that they deprive us from our privacy. We can see how they have bought some mining pool over to be on their side so that they can control which transaction should be added to the mining pool or not. And as humans due to greed, they forgot that it is only us that can make bitcoin more private by protecting bitcoin from the government. Monero has a better privacy than bitcoin because nobody cares about it, but everyone is after bitcoin for their own selfish reason.

At first I thought that Bitcoin offer that privacy until when I knew better. Without privacy, there will be huge problem in the future and recent developments already confirms this. Even though privacy coins can also be used for the wrong reasons, they offer the only way out of total control by the super powers.

For several governments and agencies to be against mixers they bring some level of privacy to Bitcoin, it is an indication that they will see privacy coins as a big threat to their power.

Because your identity and activities / preferences / transactions, if tied together, are worth a lot of money. I mean, not particularly yours personally, but en masse a lot. Currently, data brokers is one of the most profitable professions in the branches of informatics.

But, besides data brokers, you wouldn't tell a stranger how much money you have. Why? Because that gives away unnecessary information that can be easily exploited.

This is not true. Monero's broadcasted transactions per second are typically 5 - 10% of Bitcoin's transactions. Sometimes reaching as high as 20%. At the time writing this Monero has 0.29 tx/sec where as Bitcoin has 3.25 tx/sec. This is a nice site to see real-time statistics in comparison: https://txstreet.com/v/xmr-btc

If you receive XMR from a KYC exchange, they don't know who sent it to you, only that you received XMR. If you send XMR from a KYC exchange, they will know the address you are sending it to & the amount, but nothing beyond that. They really have no idea what you are using it for unless they ask you and you tell them.

I'm not sure there's any "decentralized" exchange for XMR. Maybe AtomicSwap supports it but I'm not sure, and they've had troubles recently. ThorSwap doesn't support it at all. There are only KYC exchanges, non-KYC exchanges, and swapping services (a mixture of KYC and non-KYC).

I have always admired privacy coins and not just monero alone, I consider them the future with the whole clamp down by SEC and agencies, I feel like there Is a war between the institutional finance system and the blockchain oriented finance system and it might further drive users into the world of advanced privacy, even though bitcoin is still the flagship and most popular crypto currency, people will opt for a privacy driven coin to avoid certain brouhaha.

The reason Monero's got strength in privacy's because XMR doesn't connect funds so if ppl used XMR from centralised exchanges they'd lose anonymity. It isn't recommended to swap there but if Monero stays on decentralised exchanges it's going to be swapped. If bitcoin can't become a privacy coin ppl will use Monero.

Fair enough.

I personally believe privacy is security. One of the best forms of security is to not reveal sensitive data about yourself - like how much Bitcoin/Monero you have.

The reason why I believe privacy is #1 concern is because the direction in which the globalists are taking the world is complete control of everything. The want to control every living thing. Sounds like a conspiracy theory until you realize they say it in plain sight.

The CBDC (or whatever they chose to call it) is where everything changes. The best way to see the future they're planning is look at China & the social credit system. If you say the wrong thing about your government you can lose your privilege to board a train. Even this is just the tip of the iceberg compared to what they're planning.

One of the many reasons they're pushing climate change, so they can tie in multiple system of control. For instance, you've reached your total carbon credit for the month and cannot eat anymore beef, because cow farts are bad for the environment. So now they can freeze your money because your food intake is tracked. Yes Bitcoin is censorship resistant, however your connection the to internet is not.

All total BS to push us into total communism. The world is not what you think it is and that's why I think privacy will be very important.

Are you sure that when you use bitcoin, people will never doubt you and believe you only use bitcoin for good purposes? If everyone thinks like you say then why do many governments consider bitcoin to be related to crime, why does the US government always try to shut down bitcoin mixers? And there are also many cases where criminals using bitcoin for illegal transactions have been detected. Bitcoin, XMR or fiat are just means, tools and what people use them for depends on their behavior. Don't be too biased bitcoin and monero is also a good coin, but it's not as bad as you say.

I have been running a monero node on an old laptop.
However, I need this laptop for other purposes now so I plan to set up a new node on a raspberry Pi that runs Raspbian.
I will run both bitcoin and monero nodes on the same machine. Do you think it is possible?
I think I won't have an issue running both of them. I have an SSD with 2TB capacity.

I was just saying this in another thread. The influx of people who just want to use bitcoin to make fiat profit, instead of wanting to use bitcoin as freedom money, is driving us down the route towards bitcoin becoming a government permissioned network. The current monero community is similar to the bitcoin community of 10 years ago. The bitcoin community of today is all about "when moon".

Most scam centralized exchanges delisted monero years ago, and no one who actually uses monero for its anonymity is buying it on a centralized exchange anyway. Monero has been thriving on DEXs and P2P trades for years, and will continue to do so.

What you're saying about Monero isn't how it functions because regulators haven't cracked down on Monero. If they regulated XMR they wouldn't be able to decrypt it so the most they'll achieve is ban it from regulated exchanges. When ppl access crypto addresses on blockchains they'll use mixers to get privacy so Monero's a choice. Bitcoin doesn't hide your trades but XMR's a privacy coin so it's completely anonymous.


 

I think it really depends which way the world goes. If enough people stop complying with tyranny, Bitcoin will go to the moon regardless. If enough people don't wake up to the truth of this reality and take a stand, Monero is going to be in high demand and very valuable IMO. Privacy will be the #1 priority in a cashless world governed by an AI surveillance grid.

you are right that monero offers higher privacy compared to what bitcoin offers. but why monero seems unattractive to people is because it is not completely anonymous anymore because at any time regulators can crackdown on monero. and especially in the minds of most people today, bitcoin is the most popular coin which offers a level of anonymity and security in transactions compared to what other coins offer. also, the adoption level of bitcoin is higher compared to monero, and for this reason more people use bitcoin compared to monero.

If ppl prefer to use Bitcoin because it's decentralised why can't it be updated in future to obfuscate spends. It's still going to be decentralised.

I know ppl use Monero for final spend or convert back to BTC because it's a privacy coin. Swaps from BTC to XMR help if you're wanting privacy for final spend but if you're trying to avoid using tumbles it costs more if XMR value went low if you're swapping XMR back to BTC.

What if this type of thinking has been indoctrinated & brainwashed into people by the state?

They want you to feel like a criminal just because you want privacy.

Everything is backwards in society, all the biggest crimes are being committed at the top (wars, genocide, money laundering, counterfeiting, pedophilia - list goes on)

Sure there's a small percentage of bad people amongst us, but they're a small minority.

The main problem is the controlling hand of governments - the elites (parasites). They just lie about everything & most people believe them.

Privacy is security, so it's in everyone best interest to be as private as possible. especially in the digital age.

Bitcoin started with people who were anarchists, anti-establishment. This culture around hodl and number go up is more about getting rich than fixing the world. A lot of people in the Monero community argue that Satoshi's original vision was to make it private on chain. I think transparency is good for government, but individuals should have privacy. And so I think they're correct when they say you can't have freedom unless you have privacy. The state would not survive if everyone had privacy. Similarly, the state would not survive if it was transparent & everyone knew the truth, the illusion would crumble fast. There's more people in Monero who have swallowed the red pill & can see the matrix.

I really like Bitcoin, but its been harder than I thought to get into Monero. Monero is becoming more popular is correct; its privacy-focused features are what make it so popular. But it's impossible to ignore Bitcoin's established power and wider acceptance. Why is Monero's privacy a double-edged sword? It does give you anonymity, but there is a steep learning curve, which could stop most people from using it.

Monero's non - reliance on ASICs for mining democratises involvement, but one must wonder whether this makes the network more vulnerable to centralization as mining becomes more profitable for those with better hardware. You talk about Coinjoin and Lightning with UTXOs in Monero. This is interesting, but its not easy to make these work together. Its a complicated interaction between two different systems, each with its own quirks.

Even though Bitcoin has problems with fees and scaling, its network impact and constant improvements are too important to ignore. You are right to tell people not to ignore Monero; it is an interesting option, especially for people who value privacy. But its important to keep your excitement in check by being realistic about the pros and cons of each coin.

I don't think people actually ignore Monero, but rather they low-key utilize and are aware of its potency. The Monero ecosystem is surely not fueled by hype and so they are not gaining any widespread recognition. So it gives the sense or perception that it is being ignored. Moreover, Monero isn't advertised or endorsed heavily and bombastically, it just serves its purpose due to its technical merit, and the people who find it useful are spreading it but in a subtle manner.

You said it yourself they are quietly gaining the adoption, a coin that truly solves and serves people's needs will surely thrive consistently.

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That is another important point, we don't necessarily have to compare either this or that. People have the option and should make their own decisions to choose what coin suits their needs.

No, most of the altcoins now serve the same purpose. They're copies of each other and they're only riding whatever is the hype. Most of them just want to make money. They don't offer anything new.

What my post actually meant is that there can be a legit altcoin. That's to refute those Bitcoin-only advocates. They're biased and they need to acknowledge that crypto isn't just all about Bitcoin. Monero is one good example.

But I'm not justifying the existence of tens of thousands of cryptocurrencies.