Topic: BTC vs. Monero - page 4. (Read 4259 times)

Hmm let me see...Bitcoin or Monero? I'll choose Monero as my favorite crypto.

Bitcoin in no way is anonymous.  It is like comparing apples to oranges.  There are even companies (I think three now) whose sole purpose is in gleaning data from the bitcoin blockchain and eventually individual identities.

It is also why there are "markets" to make your bitcoin more fungible.  Pay for fungibility?  Yeah, I don't think so.  Not when I can use Monero.

Monero is not like BTC but it inherit few traits from it.
Monero has skilled and very active devs.
Who cares about marketing. Coins that don't have active devs don't survive.
If you have good devs that are capable of innovating, then marketing will take care of itself.
It is the first fair launching of a CryptoNote coin, with a transparent dev team and successful deployment with constant improvement of a true anonymous cryptocurrency, just the code optimizations set it apart from Bytecoin with its 80% premine and unfriendly atmosphere.

How about: 80% premine = all coins in few hands = 0 anonymity

So STFU.

That ego must be a pain to you man! Do some sports...

^^ yes, please, do that. I am interested to see the report generated by this approach.

You do realise that Monero is a cryptonote cut & paste clone of Bytecoin, do you? Also, you should realise that the activities of Monero supporters and developers, here on Bitcointalk, have made it a pariah in the cryprocurrency world.

If you You are far better off directing your questions at the Cryptonote or Bytecoin developers if you want to be academically rigorous.

Welcome to this long and exciting journey!

"In regards to anonymity, Bitcoin is anonymous by way of the fact that addresses cannot easily be linked to identity." This is called pseudonymity, not anonymity. It's very much like your nickname on this forum: once a link can be made with your real identity because of a single post, then your entire activity isn't anonymous anymore. There are degrees to anonymity, but in a nutshell it means none of your activity can be traced to you, and be traced one with another. Pseudonymity is much weaker. If you don't understand that point yet, you need to use Bitcoin, and read about it, and use it again and over again, until you get familiar with the way transactions work, with the information that you can see about them on different block explorers, with the use of different wallets, etc. Then this point will get much more clear.

Fungibility, and in particular the fact that Bitcoin is less fungible that what people think at the beginning of their crypto journey, is the next step to get. Many non-so-technical people don't really grasp it, and believe that with mixing you're good to go in all situations, or even that transfering your funds to another wallet of yours is sufficient.
It boils down to the fact that the Bitcoin blockchain is fully transparent, so even if you think you're so good to deceive the current analysis methods, you're in fact fighting against all methods that will be available in the future to analyze the blockchain. You're also vulnerable to a future mistake of yours, or a past one that you didn't notice, that would reveal your identity (real life one, or online one) and thus much or all of your Bitcoin activity would be traceable to that identity.

The Monero coins exist similarly to Bitcoin ones, they're introduced in each new block to the miner that produces it. But by the use of some clever cryptographic technics, Monero hides the source and the destination of the coins in every transaction. Practically speaking:
* If I pay you some coins, then I can't see if you spend them or what you're doing with them afterwards.
   With Bitcoin you can do both.
* If I pay you some coins, you can't see where they are coming from (from where did I receive them).
   With Bitcoin you can.
* If I give my Monero address to several people, or on my website, the transactions paying me will not look like they're going to the same destination.
   With Bitcoin, everybody paying me would know the others are paying ME too.
* If I give my Monero address to somebody, nobody can see how many coins I hold on this address.
   With Bitcoin, everybody knows it.

Now, the beauty of Monero is that if we give, voluntarily, some "view keys" to other people, then they are able to see things and the points above falls down to being (pretty much) like Bitcoin. It's useful if you're a non-profit and you wan't to be transparent about your funding for instance.
The reverse is not true: with Bitcoin you are transparent and there is no choice to be made about it. The best you can do then is obfuscation (mixing etc), while Monero does it intrinsically.

to get you started, fluffypony went on a european tour and did some talks. Checkout the podcast here:

https://forum.getmonero.org/1/news-announcements-and-editorials/319/monday-monero-missives-30-june-29th-2015

When he was at the bitcoinference, there was some academic guy that gave a presentation before fluffypony's about how bitcoin fails to be money due to fungibility. If you could find his presentation, I'm sure that would help a lot.

here's the page.

https://bitcoinference.com/2015/speakers-Spring.html

 mebbe fluffypony can tell yah which of the talks it is.

ah, but there links appear to be dead. yay.

Thanks everyone!