Post
Topic
Board Bitcoin Discussion
Merits 6 from 2 users
Re: Bitcoin Vs Monero - Privacy as the world becomes more dystopian
by
apogio
on 21/11/2023, 19:27:06 UTC
⭐ Merited by o_e_l_e_o (4) ,barto123 (2)
I've said many times before that Monero is the only coin other than Bitcoin which I own and use, and the only altcoin I consider not to be a shitcoin. It shares many of the good things about bitcoin - decentalized, PoW, no premine, etc. - while also being far more private if used properly. I don't think it will ever replace bitcoin, but I also think it is one of the only altcoins which will continue to grow and continue to be used many years in the future.

Me too, I hold bitcoin and monero personally. I also run a Monero node, except for the 2 Bitcoin nodes that I also run.

I have some difficulties with monero, that I think can be addressed in this topic:

1. I don't properly understand the address system it has. It supports stealth addresses. I have seen in various places on the internet that with Monero you can always use the same address and don't bother with changing addresses, like in Bitcoin. It seems strange though, because monero, like bitcoin uses UTXOs and not balance system like Ethereum.

2. I can't sign transactions offline, no matter how hard I tried. Perhaps if I bought a Trezor model T, I would be able to do so, but for the time being, I can't.

3. I am not sure whether the variable sized blocks are good or not... I haven't come to a conclusion yet, but I would like to hear your thoughts.

Also Governments, CEXs, the Press, Twitter etc, HATE Monero. This is another reason why I love it.