Yah bitcoin has txs public but no identifying data linked to those txs, and this is widely understood.
Why would I constantly going in and out from btc to monero and vise versa? That would negate what little privacy benefits monero actually has left.
That data can be used to figure out who you are (amount analysis, timing, connections with other transactions). Privacy (unknown actions) AND anonymity (unknown identity) are both important.
You don't constantly go in and out. Why would you do that? You buy enough Monero you're planning to spend for X amount of time (the week, month, etc) and top up at the end of that period.
Maybe you should re-read your own message.
The first part is exactly why the 2nd part doesn't work. Even if it's weekly or monthly that's plenty of enough data to De-Anonymization your monero purchases.
Oh ya? Care to explain how? Amounts and receivers aren't visible at all so I'm not sure how you're imagining that would work in your mind. No transaction graph exists like it does with Bitcoin.
Lol this is basic stuff, bottom line is if you're not careful using bitcoin then you're probably not going to be careful using monero. In either situation there are levels to security and knowledge is key.
If it's so basic then explain it.
You seem to think the only way to get Monero is thru Bitcoin. I can buy Monero p2p no-kyc directly using fiat. That's the main way I acquire Monero.
Also, even if you swap from Bitcoin or another crypto, whatever transactions happen from that point forward on Monero are anonymous and private, all anyone could know is you bought Monero, unlike if those transactions happened on Bitcoin
All things equal Monero is better no matter how you slice it. Way less room for mistakes, simpler, cheaper, quicker, and actual privacy - not merely obfuscation. No need to give up custody either.
You keep telling yourself whatever makes you feel better about being poor and monero losing 95% of its value against BTC. Best of luck.
Another non-sequitur price argument that has nothing to do with what we were discussing, Skipper npub12rrvutnfeu9677d4yjytypqccjn0njnm6zkx2j6xyn2uqfw02ldsrl8ty9
You can still use Bitcoin for long term hodling if you so wish, dingus. I'm talking about transactional privacy. They don't have to be mutually exclusive
Look at the OP of this thread, you're the one that decided to reply to it, my guess is being upset about your bags losing value.
You're the one who started throwing insults and seems upset. Sorry, Bitcoin is surveillance chain by design. It can't be good at everything. Trade offs exist in real life.
Red herring back to price (nothing to do with privacy)
Trade offs like don't put your money into a sinking ship? Yah I tried to tell you that.
Weird, I don't seem to remember telling you how I'm allocated. Keep throwing those herrings 🐟 Let me know when you want to get back on the topic of privacy
Bitcoin @ $10 is no more private than it is @ $1,000,000
What's the problem for non-techies spending via lightning, privacy wise? I read several times LN has no privacy, etc. Monero might be better, but nobody is going to try to account for thousand micropayments over several years over LN, mainly because it'd be an enormous resource sink - no benefit in wasting resources to de-anon small txs over lightning. What's the argument here?
Well, first off, 95% of LN users are on custodial wallets and LSPs that can see everything...so we can cross them out completely...
But even if everyone only ran and used their own LN nodes, receiver privacy sucks and hidden balances can be discovered by probing. Many other things involved like onchain data leaks when opening/closing channels.
It would be relatively easy for a big actor running a large LN node to get a good picture of most of the LN network and save all that data. The effectiveness of onion routing is reduced as LN centralizes over time by everyone routing thru large nodes. Governments, IRS, chain analysis, and even large nodes being coerced with a gag order have all the incentive in the world to do this.
With Monero, even if you don't use your own node you still get all the privacy benefits. A remote node doesn't know who the real spender is, and can't see amounts or receivers at all.
So I guess it just depends if you want kind-sorta-maybe privacy or actual privacy from third parties.
Once a public bitcoin address is linked to you, you can never hide from it. To spend it, everyone will be able to know how much you spent and when, and sometimes to who. But when a public monero address is linked to you, nobody can know how much or where it went. You can continue use it privately. Monero is far superior to bitcoin in every way except it lacks the popularity network effect
Hence never re-using addresses, this is like basic knowledge every bitcoiner knows and gets told from day one, are you new here?.
Also if you're going in and out of monero to btc it gets pretty easy to trace you if you're not careful.
Dude, no one is going to do that. 99% of users are going to re-use Bitcoin addresses and not practice good privacy habits. Privacy on Bitcoin is like trying to convince everyone a screwdriver is also great at hammering nails. Any sane person will just use the right tool for the job. You can still use Bitcoin to save if you want.
The last part is a flaw of Bitcoins' not Monero. Don't go in and out of Bitcoin. Spend Monero directly - problem solved.
WTF are you talking about? Literally every single wallet lets me generate unlimited address from a single address. Even coinbase does this...
It's optional, they can continue using the same address. In fact, it makes more economic sense to do that. Doesn't stop users from consolidating either. Like I said, lots more ways to mess up privacy on Bitcoin.
Not reusing addresses is actually difficult and complex to do, and still traceable. And if you manage to join mix your coins in several rounds, at greater expense, maybe, just maybe you are safe enough. But who wants to do that every time they buy something. And if you aren't going to do that then you might as well just use Swift/vise/paypal since you will be needing to do that anyway in day to day purchases., and -this is the saddest part - its cheaper!
Bitcoin privacy sucks so bad, there are still other advantages to Bitcoin, but nobody should be under any illusion thats its private or cheaper than fiat (unless you are using it to send large amounts and never cash out)
