Replying to Avatar yort

genuine question - what are the large differences between xmr and bitcoin?

does it boil down to xmr has much better privacy tech (by virtue of it being almost its entire focus), compared to bitcoin where you have to jump through some hoops to gain privacy (so it’s more-so an issue of effort)?

or, is there truly some amazing privacy protections in xmr that just will never be possible in bitcoin (without a hard fork), and there’s no real soft fork alternative functionality?

not trying to start a war here 😅 just trying to better understand the genuine trade offs people are making
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Zach⚡️ 2y ago

The market values perfectly scarce sound money which can be easily audited over privacy. As much as privacy needs to be possible, the ability to audit the total supply of coins is much more important to the value proposition of any digital money. There are some more differences in how they work, but that’s the core of the distinction. Add in Bitcoins much more mature market and network and XMR is just a fancy shitcoin.

If you value it differently, that’s 100% your right.

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yort 2y ago

Interesting.

So, it it actually impossible to know how much xmr is circulating all around the place? Is it impossible to know how much value is being settled on the xmr network?

From the Bitcoin perspective I think it’s pretty cool that you can sort of view how much value was moved in each block (i.e. like “value settled” on the bitcoin blockchain).

I wonder how much “daily value” is being transferred across / settled on the xmr blockchain (relative to the bitcoin blockchain) 🤨 is that even possible to determine due to the xmr privacy enhancements?