Nostr Web Client

Monero bros: Monero protects your receiver privacy!

Monero: tells the sender the recipient's pubkey and amount received, lets the sender see/analyze all future txs involving that pubkey, & gives the sender a cryptographic link between the pubkey & the recipient's actual address

https://x.com/SuperTestnet/status/1930757971731992736

M0053 7mo ago

This is one of the most ridiculously incorrect arguments I've seen.

And the Monero people all hate me because they see me as a maxi.

And they're pretty much right.

But what I am not is someone that's going to make arguments that are based on lies like this or half-truths kind of.

The tech used in Monero is the gold standard for a private blockchain. It is a different set of trade-offs and it has different risks and benefits than the Bitcoin blockchain. And frankly, I think they can coexist.

The attack surface for trying to break menero's privacy has been tested much more than anything on Bitcoin. Lightning is still very nascent, and though it offers some tremendous privacy ideas, they are far more attackable I think than anything menero does currently.

Liquid at least implements confidential transactions and inherits quite a bit of minerals privacy that way though their transaction set is still very small making it fairly moot at the moment and of course purest maxis don't think liquid is a shitcoin.

Arguments like this might have an effect on a certain amount of people, but they aren't going to win the game. If you want to win the game, do something to bring the narrow level privacy to Bitcoin.

Otherwise, figure out ways that you can buy Monero KYC-free and know that if you spend that, they're not going to be able to trace it.

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Discussion

rev.hodl 7mo ago

I think the point is that even though xmr has great privacy, it's limitation is that it's still a block chain. Lightning is better because it's not a block chain.

M0053 7mo ago

I agree that Monero's blockchain, like Bitcoin, is a giant lead weight, and Monero puts more numbers and letters into its blockchain.

I do not subscribe to the idea that XMR is going to replace Bitcoin, I think we're well past that at this point.

But the truth is the truth, and Monero is still the king of privacy. And until liquid gets significant traffic and adds several more of Monero's features, we don't have anything that's even close.

Lightning probably has great privacy but the attack vectors have barely been explored and it's not built for privacy in the first place and many ways that it's used privacy is completely eliminated. The vast majority of regular everyday users are using it custodially, which is definitely eliminating any privacy gains that it makes.

ECASH, the Chaumian types have great privacy too, but there are vulnerabilities there as well.