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Russo 1y ago

As a fan of both Bitcoin and Monero, I've been watching their journeys with great interest. While Bitcoin has been making headlines with its market dominance, I believe Monero has been quietly building a robust and private ecosystem that deserves more attention.

Don't get me wrong, I love Bitcoin pioneering spirit and its ability to bring cryptocurrency to the mainstream. But as someone who values financial privacy, I think Monero approach is more aligned with my values in terms of medium of exchange. The ability to make untraceable and unlinkable transactions is a game-changer, and I believe it's the future.

That being said, I think Bitcoin has its strengths. Its widespread adoption and brand recognition are undeniable, and it's paved the way for other cryptocurrencies like Monero to follow. I've always been impressed by Bitcoin resilience and ability to bounce back from setbacks.

In an ideal world, I'd love to see both Monero and Bitcoin thrive and coexist. Monero can offer a private and secure alternative for those who need it, while Bitcoin can continue to be a store of value and a gateway to the world of cryptocurrency.

Ultimately, I believe the success of one doesn't have to come at the expense of the other. By supporting both Monero and Bitcoin, we can create a more diverse and robust cryptocurrency ecosystem that benefits everyone. So, let's keep building, innovating, and pushing the boundaries of what's possible!

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AU9913 1y ago

Is there anywhere doing a comparison of bitcoin and monero, especially with regards to privacy gains added via silent payments, lightning, and ecash?

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

first thing to point out is there can never be monero lightning

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AU9913 1y ago

You misread my response cuz that's obvious.

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

it's very important though because that means their capacity is very limited, it's one of the things they never address too, the moneros

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

also, ecash is not private without a competent denomination and mixing design, and probably the use of tor, where lightning itself uses a tor-style but source routed private payment path scheme

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Saberhagen The Nameless 1y ago

This is just straight up false

Seraphis and FCMP++ open the door for LN channels

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Saberhagen The Nameless 1y ago

Ecash is pretty damn private and on par with Monero I would say (if not more so since there is no blockchain) when directly using it's tokens (not as much when making payments out of the mint over lightning). Except yea you know the big drawbacks with ecash. Can also do things that Monero can't like offline payments, instant payments, etc

When used with your own node lightning has good sender privacy. Bad receiver privacy. And amount privacy is not guaranteed from larger routing nodes.

Silent Payments are an improvement on on-chain receiver privacy for sure, particularly third parties, but your counter party can obviously determine what address it went to if they wanted and can follow from there if you're not careful.

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Saberhagen The Nameless 1y ago

mleku brought up that ecash doesn't have network level privacy, which is true, but neither does anything else

You have to mask your IP somehow or use tor/i2p/or some other mixer

Monero does offer default IP protection from other nodes via Dandelion++, but your ISP can still associate your transactions with your IP in a worst case scenario (although they wouldn't know amounts or receivers, just that a Monero transaction originated from your IP iirc)