Bitcoin was never meant to be private but anonymous. I don't know enough about monero to judge this system but when it comes to fiat, isn't not using banks handing cash under the table private enough?
Discussion
Read chapter 10 of the Bitcoin whitepaper and Satoshi’s comments on ZK proofs from this Bitcoin Talk thread:
Anonymous not Private
Verified not Trusted
I see your point through Satoshi's comments on ZK proofs, but the White Papers under Privacy section Chapter 10 reads, "by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone."
Satoshi consciously made bitcoin an anonymous verified system rather than a private banking modeled trusted system. This is the opening of Chapter 10 in the White Papers, "The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method..."
Nope. The technology was just not there yet. This isn't something you create out of the blue. It takes iterations, experiments and a truly private coin was hard to develop.
You're talking like its some bible with words written on a gospel. This was little more than 16 years ago, you are still on time to understand the facts rather than biblical dogmas.
If you are so big into privacy, why don't you keep your comments private? Is it dogmatic to quote the bitcoin white papers? It is Satoshi's blueprint to his creation, how is that dogmatic? I think I lost what little intelligence I had reading your post.
🤢🤢🤮
Privacy was one of the core goals of cypherpunks that predated and led up to the creation of Bitcoin
As for advantages of using Monero over cash...
-Can't use cash to transact instantly with anyone on the planet.
-Can't carry arbitrarily large amounts.
-More vulnerable to confiscation and theft.
-More difficult to verify authenticity on-the-fly.
-Issuance is centralized, unpredictable, and doesn't require PoW.
-Not as easily divisible (Need to carry specific denominations and change)
-Can't trustlessly exchange for crypto (no atomic swaps)
-Can't have multiple people with simultaneous ownership and control over the same cash (multisig)
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Wasn't made to be anonymous, it was larped 24/7 by paid agents to pretend it gives you any privacy.
Quite annoying, yet effective when considering that most crypto users are effectively fooled into thinking it "doesn't matter". 😂