Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Vs Monero - Privacy as the world becomes more dystopian
by
BlackHatCoiner
on 09/03/2024, 18:38:09 UTC
Bitcoin and monero should not be compared, there serve different purpose and have different strengths, bitcoin security has been compromised a bit since online exchanges appeared to be the most commonly used and there would not fail to deliver you information to the government to save their ass, unless your doing your transactions off exchanges.
That has nothing to do with Bitcoin's security. The network is the most secure comparably to every other cryptocurrency, with an All Time High of 673.8 EH/s hashrate.

IMO I monero starts chasing mass adoption we might have to compromise this amazing privacy that we are getting from it
... and why is that exactly? First things first, nobody controls the network. So, it isn't a regular, centralized shitcoin that the authorities can just shut down. Governments have tried breaking the privacy techniques of Monero and haven't succeeded once since the last big update (RingCT). The Proof-of-Work algorithm used (RandomX) and the overall stance of the community regarding it, is discouraging the development of ASICs, so it is even more decentralized than Bitcoin in a way.

Needless to say that if Monero's privacy is compromised voluntarily, it stops serving a purpose.