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i just listened to a pretty great podcast that talked about xmr

it wasn’t trying to shill anything, it was just talking from a very high-level about its origin, history, how it works, how it differs from btc, etc.

i learned a lot, and the main takeaway for me seemed to be that, until lightning network is private by default, then your “best option” in terms of privacy is probably spend using xmr

doesn’t mean you can’t achieve the same privacy on bitcoin, but i think it’s just a matter of effort and room for error - xmr seems to give you a pretty good level of privacy with relatively low effort, and less room for error

the tl;dr seemed to be: save in bitcoin, but spend in xmr (for now)

thoughts?

(i’m not trying to shill anything here, just sharing what i learned and keen to hear opinions)
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Jorj X McKie 2y ago

I was allegedly mixing some 🌽 via XMR but have lost funds because of current Monero wallets not supporting old wallets with 12 word seed phrases. I’m spooked and not doing that anymore allegedly.

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yort 2y ago

ahahha that sounds like it was allegedly quite a shit experience

weird that they’d just flat out stop supporting 12 word seed phrases without having some amount of backwards compatibility, or some sort of conversion of some sort? 🤨

i don’t have any direct xmr experience yet - but, they did mention on the podcast that the hard-forks (and such) are good for keeping up with the latest privacy developments, but they do come with a trade-off of backwards comparability (amongst other things)

felt like that during the podcast they were tending towards advocating for keeping smaller amounts in xmr, like a hot-wallet for spending, but they mentioned that some people in xmr community would disagree with that and treat it just like bitcoin as a long-term store of wealth

you’ve got an interesting anecdote non-the-less tho

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Jorj X McKie 2y ago

I can’t find a XMR wallet that syncs that far back. Learned my lesson… Don’t mess with shitcoins, even ‘decent’ ones. IMO