Replying to Avatar Vortex | CTV | LNHANCE

Lol this is basic stuff, bottom line is if you're not careful using bitcoin then you're probably not going to be careful using monero. In either situation there are levels to security and knowledge is key.
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Saberhagen The Nameless 1y ago

If it's so basic then explain it.

You seem to think the only way to get Monero is thru Bitcoin. I can buy Monero p2p no-kyc directly using fiat. That's the main way I acquire Monero.

Also, even if you swap from Bitcoin or another crypto, whatever transactions happen from that point forward on Monero are anonymous and private, all anyone could know is you bought Monero, unlike if those transactions happened on Bitcoin

All things equal Monero is better no matter how you slice it. Way less room for mistakes, simpler, cheaper, quicker, and actual privacy - not merely obfuscation. No need to give up custody either.

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Vortex | CTV | LNHANCE 1y ago

You keep telling yourself whatever makes you feel better about being poor and monero losing 95% of its value against BTC. Best of luck.

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Saberhagen The Nameless 1y ago

Another non-sequitur price argument that has nothing to do with what we were discussing, Skipper npub12rrvutnfeu9677d4yjytypqccjn0njnm6zkx2j6xyn2uqfw02ldsrl8ty9

You can still use Bitcoin for long term hodling if you so wish, dingus. I'm talking about transactional privacy. They don't have to be mutually exclusive

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Vortex | CTV | LNHANCE 1y ago

Look at the OP of this thread, you're the one that decided to reply to it, my guess is being upset about your bags losing value.

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Saberhagen The Nameless 1y ago

You're the one who started throwing insults and seems upset. Sorry, Bitcoin is surveillance chain by design. It can't be good at everything. Trade offs exist in real life.

Red herring back to price (nothing to do with privacy)

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Vortex | CTV | LNHANCE 1y ago

Trade offs like don't put your money into a sinking ship? Yah I tried to tell you that.

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Saberhagen The Nameless 1y ago

Weird, I don't seem to remember telling you how I'm allocated. Keep throwing those herrings 🐟 Let me know when you want to get back on the topic of privacy

Bitcoin @ $10 is no more private than it is @ $1,000,000

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Ike 1y ago

What's the problem for non-techies spending via lightning, privacy wise? I read several times LN has no privacy, etc. Monero might be better, but nobody is going to try to account for thousand micropayments over several years over LN, mainly because it'd be an enormous resource sink - no benefit in wasting resources to de-anon small txs over lightning. What's the argument here?

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Saberhagen The Nameless 1y ago

Well, first off, 95% of LN users are on custodial wallets and LSPs that can see everything...so we can cross them out completely...

But even if everyone only ran and used their own LN nodes, receiver privacy sucks and hidden balances can be discovered by probing. Many other things involved like onchain data leaks when opening/closing channels.

It would be relatively easy for a big actor running a large LN node to get a good picture of most of the LN network and save all that data. The effectiveness of onion routing is reduced as LN centralizes over time by everyone routing thru large nodes. Governments, IRS, chain analysis, and even large nodes being coerced with a gag order have all the incentive in the world to do this.

With Monero, even if you don't use your own node you still get all the privacy benefits. A remote node doesn't know who the real spender is, and can't see amounts or receivers at all.

So I guess it just depends if you want kind-sorta-maybe privacy or actual privacy from third parties.