Monero or Litecoin ?
#asknostr
Discussion
I'm this match up, I'd say Monero. Litecoin is a useless relic at this point.
I've heard some people swap btc to LTC to Monero. For more privacy, i'm not sure if it's really necessary. I don't know how Litecoin works
Privacy vs Speed
Monero has better hypothetical privacy, and average settlement takes around 20 minutes, Litecoin is faster, and has privacy features but they might not be as robust as monero, Litecoin settles faster*.
Neither, I don’t like staying poor
😂😂😂 I wouldn’t think you are poor now especially owning a phone and camera
Exactly, I never bought that crap coin
I bought litecoin before but not Monero
You’re not alone! I bought all kinds of crap corn before.
I can assure you it’s 100% not worth it in the slightest.
Yea I’m sure. We all got our hands and feet wet & dirty touching them
But yea just curious. I think if I wanted privacy I’d deal in ecash but at the moment that’s not something I need but it’s useful to have bitcoin pseudonymity
there isnt any wrong with either one.
but LTC is kinda product/market fit purgatory. why would you ever use it over BTC or XMR?
XMR preserves the ethos of Bitcoin and adds privacy for sender, receiver and amount by default.
For what purpose?
LTC seams kind of dead to me, but I might be wrong, maybe it has applications for some people.
Monero I want to believe in it but I cannot make up myself that it must not be that good at privacy, otherwise nobody would waste time and risk jail to do bitcoin mixer if you could just atomic swap to XMR, then back to BTC to be 100% anonymous and untracable. So what is the issue with Monero that people don't use it as a mixer?
It's actually fairly common to see people saying that they use Monero to break their Bitcoin transaction history. How effective that is depends on how they did it.
Naively going i.e. 2.3345 BTC -> XMR -> 2.3345 BTC quickly and all in a single transaction won't hide anything
I never heard anyone talk about it.
Sure I can imagine you should swap several UTXO grouped by address over some hours/days, then swap out several UTXO in various address also some hours/days later.
The main risk I guess is XMR loosing value during the operation but beside that, is it better or worst than Coinjoin on Bitcoin?
I would love to read technical article about it.
Yea exactly that would be the correct way to do it
Loosing a little value is always a risk, but it would be just as likely to gain value too on those short time frames. Kind of evens out if you always do it.
I actually decided to play around with coinjoins again several weeks ago. Ended up spending like $20 or so for a couple mixes. Then a few days later I see some major vulnerability drop affecting WabiSabi and Whirlpool protocols and the coordinators being able to deanonymize participants that was never fixed. Kind of lost interest again after that lmao. Seems like JoinMarket is the only other one, but I'm not that familiar with it, and I hear it has other issues.
Additionally, the risk of getting “tainted” btc ain’t no joke
A lot of people use Litecoin to get to Monero since it's delisted from most major exchanges
Monero for the privacy, Litecoin for the value.