Replying to Avatar Garth Algar

Thx! And who gets the BTC when I swap, other users or is it the wallet provider?

By the way, let us say some private or commercial person or entity adds monero to its reserves and wants to make it public and ensure the people that they really have the coins because of some part of a Business plan… could they do that or is monero 100% untraceable so that this can never be done?
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tuco 10mo ago

It depends how the provider handles the utxos they receive, some might send it to a pool and do coinjoins (I believe exch does) others don’t have liquidity and also do #shotgunKYC as #stealthEX does.

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Garth Algar 10mo ago

So is it similar to BTC in having a Layer 1 and 2 such as LN?

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tuco 10mo ago

Now I’m lost. I understand #monero is doing a better job for transacting (privacy and scalability) in layer 1 than #bitcoin in layer1 and 2, but you should find out why and if it works for you