Re: Bitcoin Vs Monero - Privacy as the world becomes more dystopian
⭐ Merited by o_e_l_e_o (4)
Isn't monero getting dropped left and right from exchanges? Guess the "privacy and anonymity" that it offers couldn't work to its advantage huh.
Yes, but this is exactly the reason CEXs don't like Monero. Its anonymity and privacy is a threat for them, because they can't censor it and they can't have any control over it in case any central authority (i.e. government, bank etc) ask for it.
So, to comply with their rules, CEXs have to ignore Monero. It is by default, too good for us, too bad for them.
https://coinmarketcap.com/currencies/monero/#Markets
Even if they delist it, they can do nothing about DEX bridges.
As a privacy coin it only complete a Internal transcation which is not possible publicly track like another crypto coins/tokens. but bitcoin is totally decentralised coin and it has more privacy then Monero. also bitcoin has decentralised wallet which is not possible to hack. so it doesn’t matter how internal transcation complete Monero coin bitcoin will always a strong secure coin then Monero
Are you saying "then" or "than"?
Bitcoin is not as private as monero is. Monero offers anonymity, whereas Bitcoin offers pseudonymity.
As far is decentralisation is concerned, then it is very difficult to calculate which one is more decentralised. Bitcoin is huge compared to XMR.