Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
ArticMine
on 24/08/2014, 01:03:28 UTC
...
This is not the case for bitcoin or any alts derived from the bitcoin codebase. All transactions are publicly viewable. In paralell to the cash analogy for Monero, you can think of using Bitcoin is like credit card transactions that have been recorded and can be reviewed by other people.

A better analogy is comparing XBT to cash where the serial number on each bill offered for tender and those received in change is  recorded in a public database, with the additional provision that anyone can print new bills with the requirement that an equivalent amount of existing bills are destroyed.