Bitcoin vs Monero vs Shadow vs Bytecoin?

owm123

sr. member

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Merit: 250

Quote from: miragecash on August 27, 2015, 01:26:31 PM

OK,

What crypto should I buy to hedge against BTC collapse? I mean look at Myspace, everybody used it then, BAM! Now everyone uses Facebook.

Monero - pros; I2p support, more anonymous than BTC
cons; too small capitalization, not liquid enough, high risk, nowhere to spend it (well, you could see a shrink in NYC)
questions; speed of confirmation of transaction? 2 min for how many confirmations? (it says 2 min on website)

Shadow - pros; zero knowlege crypto algo very impressive, most privacy.
cons; very small capitalization, illiquid, risky, nowhere to spend it (unless you like online gambling)
questions; speed of confirmation? zero knowlege algo not peer reviewed or review incomplete, no support for TOR nor I2P

Bytecoin - pros; more anonymous than BTC, shared key algo like monero
cons; same cons as Monero, no I2p support.
questions; speed of confirmation?

Any thoughts? Thanks.

Bitcoin is not going to collapse anytime soon, or maybe not even ever. But at the same time, there is plenty of place for other coins to exist alongside bitcion, on condition that they provide something that bitcoin does not. Privacy and anonymity is one such thing, as all transactions are public in bitcoin. If you look for privacy and anonymity in your financial transactions, that bitcoin is not the way. Monero or Shadow seem to be good candidates for this at the moment.

rnicoll

full member

Activity: 199

Merit: 110

Quote from: miragecash on August 27, 2015, 01:26:31 PM

OK,

What crypto should I buy to hedge against BTC collapse? I mean look at Myspace, everybody used it then, BAM! Now everyone uses Facebook.

Monero - pros; I2p support, more anonymous than BTC
cons; too small capitalization, not liquid enough, high risk, nowhere to spend it (well, you could see a shrink in NYC)
questions; speed of confirmation of transaction? 2 min for how many confirmations? (it says 2 min on website)

Shadow - pros; zero knowlege crypto algo very impressive, most privacy.
cons; very small capitalization, illiquid, risky, nowhere to spend it (unless you like online gambling)
questions; speed of confirmation? zero knowlege algo not peer reviewed or review incomplete, no support for TOR nor I2P

Bytecoin - pros; more anonymous than BTC, shared key algo like monero
cons; same cons as Monero, no I2p support.
questions; speed of confirmation?

Any thoughts? Thanks.

It really depends on how you think Bitcoin will collapse? If it's a fundamental flaw in the Bitcoin Core code, Monero is the obvious choice. If it's something in the economics, you'd probably have to look outside that set.

J1mb0

hero member

Activity: 983

Merit: 502

Quote from: whap on August 27, 2015, 07:11:06 PM

Considering BCN, start here:

https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112

And that seems to be only the tip of the iceberg.

Considering Monero, start here:

https://bitcointalksearch.org/topic/unveiling-the-truth-over-the-major-monero-scam-755840

And that seems to be only the tip of the iceberg.

smooth

legendary

Activity: 2968

Merit: 1198

There is a recent thread comparing Monero with Shadow here: https://bitcointalksearch.org/topic/shadowcash-vs-monero-an-unbiased-debate-1140006

Wheatclove

hero member

Activity: 606

Merit: 500

Any combination of Monero and Shadow. I'd stay away from Bytecoin.

deliveryman

sr. member

Activity: 277

Merit: 250

At the moment it seems that both Monero and Shadow are taking the lead. I don't see a place for Bytecoin because Monero > Bytecoin.

Shadow's technology seems to be the best for privacy and anonymity.

Chances are that once the shadowmarket releases it will take a huge rise.
Monero is something impressive aswell. I'd say go 50/50 in Shadow and Monero. If you rather go all in, go for Shadow.They are also working on implementing I2P so that might answer one of your questions. Transactions usually take around 2 mins.

Keep in mind im a huge Shadow fan so my opinion is biased. I really love Monero too though.

whap

member

Activity: 106

Merit: 10

Quote from: ArticMine on August 27, 2015, 07:15:34 PM

Quote from: whap on August 27, 2015, 07:11:06 PM

As for Monero not being spendable, there's a service where you can pay with XMR everywhere Bitcoin is accepted. Easy and simple.

--> xmr.to

Considering BCN, start here:

https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112

And that seems to be only the tip of the iceberg.

Ahh. Yes the above thread boils down to: Is Bytecoin an 82% premine (The most likely scenario) or an 82% ninjamine (The "official" Bytecoin version)?

Either way concluding in BCN not being as anonymous as it pretends to be.

ArticMine

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Merit: 1050

Monero Core Team

Quote from: whap on August 27, 2015, 07:11:06 PM

As for Monero not being spendable, there's a service where you can pay with XMR everywhere Bitcoin is accepted. Easy and simple.

--> xmr.to

Considering BCN, start here:

https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112

And that seems to be only the tip of the iceberg.

Ahh. Yes the above thread boils down to: Is Bytecoin an 82% premine (The most likely scenario) or an 82% ninjamine (The "official" Bytecoin version)?

whap

member

Activity: 106

Merit: 10

As for Monero not being spendable, there's a service where you can pay with XMR everywhere Bitcoin is accepted. Easy and simple.

--> xmr.to

Considering BCN, start here:

https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112

And that seems to be only the tip of the iceberg.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

The solution I am using is a mix of XMR (Monero) and CAD (Canadian Dollars). One can of course change the CAD for another fiat currency USD, EUR, CHF etc. The low capitalization of XMR vs XBT is a double edge sword. It means the upside is way higher but so is the downside. By diluting the XMR with fiat one can offset the impact of the low capitalization.

My estimate is that a 20% - 25% Monero with 80% - 75% fiat can work based on the past performance of alt-coins vs Bitcoin during a Bitcoin boom. A more aggressive investor (some who would for example borrow money of buy Bitcoin) could increase XMR component.

Edit: Think of Bitcoin as beer and Monero as port. (4% - 6% alcohol vs 20% - 22% alcohol)

miragecash

full member

Activity: 168

Merit: 100

OK,

What crypto should I buy to hedge against BTC collapse? I mean look at Myspace, everybody used it then, BAM! Now everyone uses Facebook.

Monero - pros; I2p support, more anonymous than BTC
cons; too small capitalization, not liquid enough, high risk, nowhere to spend it (well, you could see a shrink in NYC)
questions; speed of confirmation of transaction? 2 min for how many confirmations? (it says 2 min on website)

Shadow - pros; zero knowlege crypto algo very impressive, most privacy.
cons; very small capitalization, illiquid, risky, nowhere to spend it (unless you like online gambling)
questions; speed of confirmation? zero knowlege algo not peer reviewed or review incomplete, no support for TOR nor I2P

Bytecoin - pros; more anonymous than BTC, shared key algo like monero
cons; same cons as Monero, no I2p support.
questions; speed of confirmation?

Any thoughts? Thanks.

Topic: Bitcoin vs Monero vs Shadow vs Bytecoin? (Read 4614 times)