Switching to Monero.com wallet, I am interested in #Monero for the privacy aspects, but doesn't seem stable.
I have a few questions for any Monero people here, one is if it's fully decentralized, two by default if I send or receive a transaction, is it completely untraceable by default or do I need to do something to enable that?
#AskNostr
Hey I'll answer your questions:
1. Monero is decentralized, it uses PoW and doesn't rely on validators and all that crap
2. Monero is private by design. Privacy is mandatory, not an option (unlike Zcash and Dash)
Keep in mind that someone witth enough information can infer your identity through Network Metadata. The best you can do is run a local node and use Tor 😉
any crypto need time+$$$ for update n maintainence
For a Monero only mobile wallet I'd recommend Monfluo.
Run InviziblePro or Orbot in the background so you only ever touch a remote node over Tor. Ideally select a few onion nodes.
Depending on the risk of a transactions self sends are an option.
Biggest risks then are in the metadata you produce e.g. exchnaging from BTC to XMR and back.
Monero.com wallet has tor built in. Check you connection settings.
It's private by default. And decentralized. You can spin up a node and mine using gupaxx (not gupax)
https://github.com/Cyrix126/gupaxx
I'm not sure what you are referring to in terms of the unstable comment but unlike bitcoin that is transparent and can just see the balance of the wallet, monero needs to scan transactions since the wallet was created and kinda add them all together to keep it up to date. So sync times might seem longer.
Also after each transaction the coins are locked up for 10 blocks before you can use them again. So again unlike Bitcoin where you want few UTXOs, with monero you kinda want many so that less of the wallet balance is 'locked' for those 10 blocks.
Hope that helps.
