Nostr

Maybe you don't always need anonymity, but privacy is very normal for people. People would be very uncomfortable if they knew anyone could just look into their fiat bank accounts, observed by strangers, or see other personal information.

You can't have a frictionless currency without strong fungibility either, and you can't have strong fungibility without privacy. Almost no one mixes and all it does is taint your coins.

Bored Satoshi 1y ago

It is important for me too. But I place auditability above 100% privacy.

My idea is simple, you can keep a $1000 checking account and pay for things using that account. Your entire networth is hidden behind a mixer, your other activities that require privacy are hidden, and even this identity does not have to be fully traceable back to the physical you. You can probably change it time to time.

I think its very useful that some blockchains are public. It is also very useful that Monero is private. Pros and cons on both.

For the first time ever, you own your coins. If you don't link your purchase history to your social media or email, they can't sell you anything.

I always find people with contrarian views hella interesting. We are essentially forking a community into believe two different things.

Reply to this note

Please Login to reply.

Discussion

Saberhagen The Nameless 1y ago

Thats still a lot of friction for a normal user that's why almost no one mixes. Need the knowledge first on top of it being expensive, time consuming, and tedious. And you must maintain it going forward.

With Monero you just hit the send button and get real privacy (hidden amounts and addresses, not just obfuscation or anonymity). Much less room for error and even eliminates whole classes of mistakes that are possible on Bitcoin.

But i agree, both have pros and cons. I'm not a maxi and find other coins useful for different things just like different tools in the toolbox.