Nostr Web Client

I’ve never understood the hate for Monero. Bitcoins only flaw is layer 1 privacy especially in this KYC heavy environment, we all know Chainanalysis and KYC is a huge privacy issue and privacy is a huge part of freedom and the Cypherpunk ethos. Monero does well the one thing bitcoin does poorly and that is layer 1 privacy. Does that mean Monero is better and replaces or outperforms bitcoin? ABSOLUTELY NOT, just is a useful tool if you need to do a private transaction that you don’t want to be traceable to you. That’s it, that’s all. Why hate something that enables some privacy?

m4dire0701 1y ago

Some people never understand how Monero blockchain works it's just a matter of tradeoffs. Between have a transparent blockchain that can be audited or a private one that can't Monero bets that the second option is best for everyone

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Discussion

shortwavesurfer2009 1y ago

People always say that the Monero blockchain cannot be audited, but the software can indeed audit the chain. I don't personally know anybody who has ever gone through Bitcoin transaction by transaction to make sure that it all matches either. They depend on the software to do that. So if you can depend on the Bitcoin software to audit the Bitcoin blockchain, then you can depend on the Monero software to audit the Monero blockchain.