Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Vs Monero - Privacy as the world becomes more dystopian
by
nutildah
on 22/11/2023, 12:30:33 UTC
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.

What do you think about Litecoin adding MWeb? It's like an opt-in privacy feature... transactions don't use it by default, but if you want to use it, its there as an option.

Monero TPS is also lower than BTC due to higher TX size and lower block size, despite lower block time.

I never thought to check the average size of XMR transactions before but you're absolutely right... Doing some rough extrapolation based on the statistics here, the average XMR transaction over the last 24 hours was 2.82 kb while the average BTC transaction was about 0.2 kb (note this is a rough extrapolation).

So even if XMR txs confirm 5x faster, they are still over 10x bigger, on average.