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Without mentioning USD price or current adoption, tell me why

#Bitcoin > #Monero

Zaps for those who give thoughtful responses for either side.

Ok I'll take your bait. Bitcoin is the first, and best. It's the og coin. Monero just copied bitcoin some privacy features of questionable efficacy. Those features are not necessary as you can transact on Bitcoin privately if your know how. (Non KYC, liquid, lightning, mixers, rat holes, and many other ways to do this).

People might say that "ok that's fine but privacy should be the default, don't make me jump through hoops to have a little privacy". To that I would say, and this is the bigger point, I think the transparency of the Bitcoin Blockchain is a feature not a big. It's cool that every node has a 💯 complete copy of every transaction ever. And furthermore most transactions a perfectly legal and having txid's for everything is fucking great. Now, and even more going into the future where Bitcoin is a settlement layer. You pay some one and they say you didn't pay them? You say look bitch it's all right here. Check the txid.

All that being said if people want to use monero then cool, by all means go for it.

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Discussion

n0>1 9mo ago

Good points. The pros of the public ledger I hadn't considered much. I love bitcoin. Just staying open minded and wanting to understand better.

Saberhagen The Nameless 9mo ago

Monero has an entirely different protocol (cryptonote) and genesis block, so it's not a copy or fork of Bitcoin.

If Bitcoin relies on transactions being "legal" it has already failed. But even ignoring that Monero transactions are also perfectly legal.

You can also prove you paid someone on Monero as well by showing your TX key and TXID for any specific transaction.

n0>1 9mo ago

Makes sense 🤷

Scrotus 9mo ago

Right it's not a fork, but it uses public key private key cryptography, proof of work, Blockchain etc etc. it's safe to say bitcoin might have been an inspiration for the design of monero.

Nowhere did I say Bitcoin relies on transactions being legal so I don't even know what in the straw man you are getting at there but yikes. I was not aware of the txid's in Monero but if it's all supposed to be private disputing that would be hard to do anonymously, also that's one more example of bitcoins design being copied by monero. But by all means use your monero, you do you.

Saberhagen The Nameless 9mo ago

Yea it was definitely inspired I won't argue against that. I would argue both XMR and BTC are different iterations of Bitcoin as a concept.

Sorry if I strawmanned.

My main point was if you bring up legality as an advantage, there is no difference since Monero is 100% legal in most places just like Bitcoin.

The difference is privacy is default in Monero and it's up to the user to decide if they want to prove a payment to someone (and only to specific parties) and doing so doesn't reveal their balances to them and the world. Similar to cash. If I hand someone a $100 bill for payment they don't see how much money I have in my wallet. You also don't have to be anonymous, but you are by default. You can take advantage of the privacy alone for any specific transaction.

Scrotus 9mo ago

bro, do you even x pub?

Saberhagen The Nameless 9mo ago

What about xpubs?

Scrotus 9mo ago

you dont have to show people how much money you have when you send

Saberhagen The Nameless 9mo ago

How would you do that? You have to show at least partial balances (amount of Bitcoin not relevant ot the transaction). And they can also see future balances when you inevitably consolidate for other payments.

Blazar 9mo ago

What about lightning payments from a wallet not holding most of your funds?

Saberhagen The Nameless 9mo ago

Lightning payments offer pretty strong privacy if used correctly. Custodial wallets give you privacy from the general public, but not from the custodial provider. If you are going to use a custodial LN wallet you might as well use ecash. You can still be rugged, but at least you have privacy from both the public and the custodian.

If you care about easy to use non-custodial privacy, with the security a blockchain provides, Monero is better. If not, use ecash.

Scrotus 9mo ago

Genesis block? Hmm that sounds familiar too... Where have I heard that one before? Remember digital scarcity can only happen once. Everything after that is the opposite of scarcity.

Skipper 9mo ago

Monero is a hardfork of a hardfork of a hardfork, and itself hardforks every year too

n0>1 9mo ago

Yo skipper!!