Replying to Avatar ภ๏รtг๏ภคยt

Sounds like you wanna double dip. Bitcoins value and privacy. Bitcoin was never made to be private while Monero's(XMR) privacy technology is similar to CoinJoin, in that it uses ring signatures to mix the spender's signature with the signatures of other users to make tracing addresses nearly impossible...

What are your thoughts on XMR, other than "its not bitcoin"?
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Saberhagen The Nameless 2y ago

Monero has several layers of privacy that are all by default (important):

Ring Signatures obfuscate senders

Confidential Transactions hide amounts

Stealth Addresses hide recievers

Dandelion++ hides IP

Here are some major differences between coinjoins and ring signatures:

https://localmonero.co/knowledge/ring-signatures-vs-coinjoin

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