the biggest delusion of moneroheads about "anonymity" is that it is an absolute, a mathematical limit, and in engineering, you aim to push things as close to the limit as possible but such limits are inherently impossible to reach

and the cost tends to show up elsewhere, like auditability, and in the case of monero, a high processing cost to validate transactions, some 10 elliptic curve verifications per transaction, or so, compared to just one for bitcoin, and then a hash to the address and a compare

humans confuse absolutes with the finite limitations of physical reality all the time

anonymity is impossible, but high levels of indirection in pseudonymity are easy, and as Tor's engineers determined by many experiments, 3 indirections of pseudonymity is enough, where Monero has more than this, and it's just not worth it, when tracing origins of transactions is still transparent, even if you don't know what it is, you know where it is, and most monero users don't directly validate the chain themselves, and thus querying for this transaction, and knowing the IP address, gone

you have a social graph link

Reply to this note

Please Login to reply.

Discussion

yes, totally agree.

They promote the only aspect in which Monero is better than Bitcoin, without accounting for the 3 other aspects that needed to be sacrificed...

It's very simple.

All things equal, Monero will always be more anonymous and private than Bitcoin based on how both protocols work. Bitcoin will also always be easier to mess up.

The cost, like you said will be auditability and scalability challenges. I can accept that trade off with Monero. But it seems like you can't accept the weaker anonymity/privacy trade off of Bitcoin.

Monero uses Dandelion++ even if you slip up and arent behind Tor. So Bitcoin will still strictly be worse off when it comes to accidentally leaking IP address.