Nostr Web Client

Switching to Monero.com wallet, I am interested in #Monero for the privacy aspects, but doesn't seem stable.

I have a few questions for any Monero people here, one is if it's fully decentralized, two by default if I send or receive a transaction, is it completely untraceable by default or do I need to do something to enable that?

#AskNostr

Victor Rosano 1d ago

Hey I'll answer your questions:

1. Monero is decentralized, it uses PoW and doesn't rely on validators and all that crap

2. Monero is private by design. Privacy is mandatory, not an option (unlike Zcash and Dash)

Keep in mind that someone witth enough information can infer your identity through Network Metadata. The best you can do is run a local node and use Tor 😉

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Discussion

‎ 1d ago

Cool, thanks 🙏

lemon 1d ago

decentralised like..... oops we have to reorg the chain now and then? 😂

ede3d957... 1d ago

We? State attackers with Qubic as front try to do it. They achieved a couple of minor reorgs and one larger reorg through a selfish mining attack.