I agree with this. BTC is transparent. Monero is very private. I think they are complementary, much to thy chagrin of the BTC maxis.
Discussion
I like the idea, but I tried to send some Monero to a friend who had just paid my bill in a shop (using Exodus wallet, Android) and we couldn't settle because, it turned out to I hadn't synced the blockchain down to my phone and it wouldn't be possible there and then. Not a great experience. Can you suggest a better/quicker/simpler wallet to try instead?
Cake Wallet, and then you can rescan wallet from a date or block height.
Frequent rescans are crucial for good usability in limited bandwidth situations, i e poor cell signal.
Check out the new Polyseeds upgrade for Monero. Cake Wallet adopted it and so are other wallets.
Drops down seed words from 25 down to 16 words and you no longer have to worry about remembering your creation date/block height. You'll have to create a new wallet to benefit from it though.
What do you think of the MyMonero on IOS? nostr:npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rn
I would avoid personally. If I remember correctly they eliminate sync times for you, but they have full insight into your transactions which kind of defeats the purpose of Monero. Double check me on that though
I would go with Cake Wallet or Stack Wallet for iOS
Who is Satoshi? Nothing wrong with Bitcoins privacy.
Every transaction being perfectly visible is an issue. There's plenty wrong with it. Monero is inherently more private and I find that useful.
He doesn't understand the difference between anonymity and privacy, apparently
Oh please. Elucidate. Help us, the clueless morons who cannot comprehend your blinding intellect. Is talking down to people all you do well?
Problem with the way I use this platform: without naming the recipient of the comment in a thread, anyone could be the intended target. I pledge to do better at being clear.
It’s not as private as you think
How so? As private as cash?
It depends.
In some ways it can be more private than Cash, but a small user base means a small anonymity set and there have also been a few vulnerabilities in the past which have done damage to moneros privacy assurances.
Ultimately, the bigger problems are all the metadata which exists when using any form of digital money as well as the trade-offs made with ring signatures and decoy inputs/outputs which make it nearly impossible to verify the supply. Not to mention problems like data efficiency, mining clarity, or constant inflation.
If we said no to KYC, and used Bitcoin in a circular fashion and with the lightning network, its privacy would already be (pretty) good.
Monero is an interesting shitcoin and lots of ideas in it could make for a cool side chain, but it shouldn’t be taken to be 100% private without considering other factors and it will never be money on any large scale.