Should You Use Monero for Privacy?

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In this Bitcoin Q&A, Andreas discusses the pros and cons of using Monero vs Bitcoin for privacy.
This question is from the November 2021 Livestream Q&A: • Taproot, Mastering Bit...
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23 мар 2022

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Комментарии : 283

@one4320 2 года назад

Andreas: if you're fighting a nasty dictatorship... Me: like Canada?

@Distantkay 2 года назад

Or transnational bankers

@JonathanCr0ss 2 года назад

Yes literally in Canada: the government is using the traceability of Bitcoin transactions as a way to block funds at centralized exchanges, trace values that were donated and trace backwards to locate people who have donated to political causes. This is created a chilling effect in which people are afraid to use even Bitcoin to challenge their government.

@rezneba101 2 года назад

oh yeah, nothing says DICTATORSHIP like running a MINORITY GOVERNMENT. Wow you trolls really don't know how any of this works.

@randomcypherpunk3314 2 года назад

Agree!

@rezneba101 2 года назад

@@JonathanCr0ss Criminal causes, you mean. FTFY

@NewZeroGames Год назад

We miss you, please come back!

@Ekzit21 2 года назад

Atómic swaps, Bitcoin to monero and back

@lydia8955 2 года назад

EPIC CASH is Financial Freedom for the Masses!

@IFoundMyBrand 2 года назад

Are you inking us? It doesn’t matter how many people use Bitcoin, every transaction and wallet is recorded and I’m sure laws will be passed where every business has to retain identifying information. I can’t see Bitcoin being private at all. Am I wrong?

@BrentFournier 2 года назад

This is true. If you are one transaction in 100 or one in a billion, the TXO indelibly and instantly identifies both the sender and receiver, the wallet contents of both, and the transaction history of both. Saying that it is significantly obscured by the number of transactions and users is an attempt to gloss over it's greatest flaw.

@LRPMQLRPC 2 года назад

Mmm yes, this the first AA video where I think his answer was at least questionable.

@rezneba101 2 года назад

You can buy bitcoin from anyone, pay cash, and move it around privately as long as you don't identify or link yourself in any fashion.

@MrSwed4lyfe 2 года назад

@@rezneba101 well, yes and no. Lol

@rezneba101 2 года назад

@@MrSwed4lyfe you're doing great

@pedrogorilla483 Год назад

We miss you Andreas!

@3six933 2 года назад

You should use Monero for Everything

@nsevv 2 года назад

We are switching to using Litecoin for privacy. Litecoin mimblewimble adds privacy now.

@jasonhuman4156 2 года назад

Is it implemented yet?

@merrimac290 2 года назад

Agreed. Bitcoin is NOT private at all.

@LjaDj5XQKey9mSDxh4 Год назад

@@nsevv this is wrong. Mweb doesnt offer real privacy. An attacker can read all txs before they are aggregated in a block

@larrymitchell6470 Год назад

Government will never allow a fully private token to happen…ever. And somebody needs to accept it.

@l.m.1255 2 года назад

Well now I'm going to start stacking Monero too then. AA recommends it then I trust it. He's been around since I started my BTC journey. Lots of respect

@3six933 2 года назад

@Captain Reason not a store of value, yet

@tattedlee66 2 года назад

the fungibility and privacy of monero are superior to BTC, forever. the liquidity of BTC is superior to Monero, for now. Stay nimble and diversified.

@ignacioxxi 2 года назад

Monero is not efficent, much better is BEAM, DASH or Litecon with Mimblewimble

@pootytang2872 2 года назад

AA - Andrew Anglin?

@l.m.1255 2 года назад

@@pootytang2872 Andreas Antonopoulos

@atlas8172 2 года назад

In other words.. Buy Monero.

@trancetuberevived1131 2 года назад

XMR baby!! One of the VERY few fungible cryptocurrencies (sadly unlike Bitcoin.) Props for you that you bring this to the forefront Andreas!

@Mstrofpup 2 года назад

Are you dumb? How is Bitcoin not fungible?

@3six933 2 года назад

@@Mstrofpup BTC coins come with a history, Moneros do not

@hayleylewis1458 2 года назад

I have searched the word Minero and MXR on my exchange and they don’t show up so can somebody please call whatever the fuck the word is so I can look into this myself because this whole thread and Video has just confused me why would he be comparing bitcoin to a shitcoin is it Decentralised is there the proof of work that bitcoin has behind it?

@ricotaline 2 года назад

@@Mstrofpup Hey, here is a simple exemple : When French gov sold dark bitcoins (used in drug trafic), most of them were sold higher than market price. Why? Because buyers wanted to resell it higher, because it was hold by French gov, on a specific wallet. It shows bitcoins are not fungible

@john-danielkulseth6560 Год назад

Thanks for everything you do.

@tattedlee66 2 года назад

the fungibility and privacy of monero are superior to BTC, forever. the liquidity of BTC is superior to Monero, for now. Stay nimble and diversified.

@nsevv 2 года назад

Good point. We are switching to using Litecoin for privacy. Litecoin mimblewimble adds privacy now.

@edwardmclean5373 2 года назад

@@nsevv Yes, MWEB is a very important upgrade! Hopefully it comes to BTC in the future.

@BrentFournier 2 года назад

@@nsevv Opt-in security highlights transactions that try to obscure your transaction. This is why the Monero community decided that fungibility was a necessity of good security

@JonathanCr0ss 2 года назад

The privacy guarantees of Mimblewimble are inferior to Monero. Look up the research that was done for a Grin for example. It's more of a scaling technology but it also has usability downsides such as interaction required.

@JonathanCr0ss 2 года назад

@@nsevv not enough users and not enough privacy unfortunately.

@Sourpusscandy 2 года назад

live in Canada? Use Monero! Andreas, please discuss the privacy of exchanges, are there any that don’t require your FULLZ?

@3LITA 2 года назад

"Bigger anonymity set" of Bitcoin is completely irrelevant - the total transparency of the crowd makes the size of the crowd irrelevant - Chainalysis and others like them made any attempts at BTC anonymity obsolete.

@edwardmclean5373 2 года назад

That is not a "valid counter argument". You are answering a question that wasn't asked. If the question is "Should you use Monero for privacy?", The answer is yes. Just yes. If you are even asking that question, it's a safe assumption that a user has the OPTION of choosing Monero or not, or they wouldn't have asked if they should use it. The "liquidity" is irrelevant as long as 1) It's accepted as a form of payment for a transaction you want to make, and 2) You have the necessary value in Monero to complete the transaction. If the transaction value you need to transfer is literally so large that you can't obtain enough Monero, then it's disqualified regardless of it's privacy. If it's not accepted as payment, it's disqualified regardless of it's privacy. Why would you even try to claim "99%" - it's 100% as long as it's accepted and you have enough to complete the transaction.

@edwardmclean5373 2 года назад

Furthermore, "higher anonymity set", really? On a pseudo-anonymous transparent ledger? I can't believe you would make that assertion, especially less than two weeks after a chain analysis representative testified before Senate to Senator Elizabeth Warren that Bitcoin had "insufficient liquidity" to be able to be used as a tool around sanctions, and that their chain analysis technology would likely be able to trace and de-anonymize the transactions. Now was that representative incentivized to overstate or over sell the capabilities of his company to government? That's very possible, but lying before the Senate is also criminal, no? That doesn't mean he didn't lie - but you would think he might want to be more careful about statements like that, no? lol.

@trappedcat3615 2 года назад

I agree, but I think the idea is that you potentially leak your activity through other parties, not through Monero itself. For example, a clumsy friend you transact with could documrnt the tansaction on their end for auditing and then jot down your name or services. No big deal right? Only now it looks suspicious to prying eyes because it was a uniquely shielded transaction.

@edwardmclean5373 2 года назад

@@trappedcat3615 If a participant in a transaction is given your identity out of band, and if they report it to someone without your permission, that's no fault of the protocol. And no, it's not suspicious being "uniquely shielded" - every transaction on the Monero blockchain is handled the same way, so no transaction is unique. You also have the option to provide a "view key" for a transaction to reveal a transaction to an auditor.

@trappedcat3615 2 года назад

@@edwardmclean5373 Right, the protocol is not the issue and correct, it is not suspicious activity to any sane human. How it is perceived by corrupt powers tracking everyone is a different story.

@kevinclaypool6345 2 года назад

Great reply

@ivarbaratheon264 2 года назад

I guess this is the difference between privacy and anonymity

@TehObLiVioUs 2 года назад

also that bitcoin's just moreso pseudoanonmous

@jaenyc263 Год назад

Btc is pseudonymous not anonymous like privacy coins

@trappedcat3615 2 года назад

At the end of the day, it does not matter how much pseudo anonymity is in the Bitcoin set. Bitcoin does not prevent authoritarian powers from falsly charging good people with bad transactions.

@fauxshowyo 2 года назад

nor does holding any crypto/blockchain for that matter, or gold, or property, or even guns. tyrants are gonna keep tyranting, especially in the West now, and the best we can do is try to survive for as long as possible.

@JonathanCr0ss 2 года назад

The transaction history obfuscation of Monero is enough to poke holes in any rational legal argument that you are responsible for the action some other person took with your Monero. It also makes it exceedingly hard to even connect the two so that you even would end up in a court of law. Of course men with guns can still pick you in jail, but this is unlikely to happen in a place where there is still a basic presumption of innocence which is enforced by law.

@DerekF-u7e 2 года назад

Moot point. If we reach a place where the government is going that hard after individuals using bitcoin for transactions then Monero will already have been completely banned and just using it will be a crime.

@trappedcat3615 2 года назад

@@DerekF-u7e There are people in jail right now for Bitcoin transactions. I can give one person who should not be there. Also, a well known person was put six feet under and not by himself as is commonly reported. Monero was his primary currency. Agency are also recruiting hackers to break Monero for a reason.

@essassasassaass 7 месяцев назад

if bitcoin is the future those authoritarian powers wont exist anymore. they can only survive with a money printer in their backyard. there is no second best!

@JamieDigitalArt 2 года назад

down with the surveillance coin. long live privacy!

@hayleylewis1458 2 года назад

Who cares unless you are going to do something illegal what we will be able to see is how these corrupt Christian charities spend their donations etc there is an upside to being able to see some level of transparency but our day-to-day transactions are mostly anonymous? What not addressed here is what is this Minero does it have the proof of work between has I can’t even find it on the exchange

@ARCHERDAVE1 2 года назад

We are all "fighting a dictator in some horrible nightmare scenario". This should be obvious. We are. Its the whole point of crypto, and why btc misses. Easy surveillance makes btc little more than a tool for authoritarians.

@DiscoverCrypto1 2 года назад

XMR offers the most privacy, and I appreciate Andreas talking about it. He's right, though. Bitcoin has more liquidity and is more useful as a currency.

@ascendrio 2 года назад

Any darkweb vendor worth his salt accepts XMR, which is where you want privacy as priority.

@japersjolly8763 2 года назад

And the truly private accept ARRR also.

@randomcypherpunk3314 2 года назад

BTW, there are dark markets of food in a lot of countries nowadays... I wonder how a market could be bad, since it's not coercive

@aviatoFPV 2 года назад

@@japersjolly8763 Haven't seen a darkweb vendor that accepts the premined ARRR

@japersjolly8763 2 года назад

@@aviatoFPV Now don't put your ignorance out on the web for all to see. XMR maxi's love to make themselves look stupid. Shame because it's not a bad coin.

@aviatoFPV 2 года назад

@@japersjolly8763 Just sayin I haven't seen one. Diversifying in the private crypto space is a must, don't get me wrong.

@zagaraditya890 Год назад

Im glad he's like the only btc maximalist that's not blind about bitcoin cons

@SoundAsleepSpace 2 года назад

Coinjoin is dumb, all centralised exchanges ban your account if you use it.

@3six933 2 года назад

BTC not Fungible

@JonathanCr0ss 2 года назад

It narrows down your anonymity set 99.99% to the handful of people who use CoinJoin. My guess is that number is actually smaller than the number of Monero users.

@sakatis 2 года назад

saw a video today on reddit of you talking about bitcoin back in 2013 to a near empty room. Post is going viral heh kinda funny. You sir are a legend. Greek too, like me.

@spacepathfinder1 2 года назад

privacy is human right

@mallorcablockchaindays Год назад

Great explanation.

@Jalartifact Год назад

Hope all is well Double AA 😇

@misclic2408 2 года назад

@ianniculescu1625 2 года назад

I don't want to brag or anything but the Ian he is talking about is me.

@misclic2408 2 года назад

so if in some point xmr is used more & more that will cover the difference ?

@sdot1988 2 года назад

Monero baby

@hasepase 2 года назад

btcxmr atomic swaps are already!! this practically means you don't have to make a choice as you can just swap in and out according to your needs seamlessly.

@_Johan_L 2 года назад

So basically Canadians and Australians should use Monero??

@EhrgeizGod 2 года назад

So since we all need privacy.... it looks like the choice is obvious.

@SoundAsleepSpace 2 года назад

When i first found out about crypto i relied on Andreas heavily for info but now i realise i know more than him. Monero and Pirate Chain are making headways and offer true financial freedom. These privacy coins are the 'cash' of the internet and surveillance coins are now looking somewhat like a traditional bank account although even worse as everyone and general public can see your transactions and balances, not only the government and bank. The only argument for bitcoin is some kind of layer 2 which is private. However this hasn't been developed yet.

@SoundAsleepSpace 2 года назад

Coinjoin is dumb, all centralised exchanges ban your account if you use it.

@edwardmclean5373 2 года назад

@@SoundAsleepSpace And it's expensive.

@edwardmclean5373 2 года назад

@Captain Reason Lightning Network is cheap for in channel transactions, yes. But it's not a privacy solution in it's current form. And a channel is still ultimately closed and settled on the layer 1 chain. Two transaction fees on layer 1, am I correct? One to deposit funds into the channel, and one when the remaining funds are returned? If you make enough transactions in channel, it's cheaper than Monero. But if you open a channel, make one payment, and close it, that's more expensive than a single Monero payment, and more steps.

@jocjoc5587 2 года назад

@@edwardmclean5373 you can easily transact completely anonymously on lightning network. you need to look up how lightning network works.

@edwardmclean5373 2 года назад

@@jocjoc5587 You need to read the white paper about privacy on Lightening Network. It is not "completely" private/anonymous.

@alexn4255 2 года назад

Monero is also a better store of value than bitcoin

@fauxshowyo 2 года назад

given the cbdc-based social credit nightmare the US is about to become (project hamilton + signaling now from biden), i'd be interested to hear Andreas' thoughts on all this and if it will ultimately help or hurt bitcoin.

@DerekF-u7e 2 года назад

I think it's less likely we see a large scale crackdown on bitcoin (possibly other privacy coins and generally shitcoins) instead, as the US adopts it's own digital currency the "takeover" of bitcoin will begin. Whereby large financial institutions will enter the space en-masse and monopolise on/off ramps and it'll become just like the NYSE. You'll still be able to use bitcoin but few and few people will actually own it themselves as hedge funds etc takeover the majority of the liquidity. The majority of long time holders will get rich and simply not care and those who have never interacted with it will only do so through their own banks or institutions they've always dealt with. Why ban it when you can pull a corporate takeover and milk it for all it's worth?

@weathercontrol0 Год назад

I think CBDC's may accelerate adoption of normal cryptocurrencies such as Bitcoin and Monero, if you already use digital money, why not use better one that not affected my infinite inflation Of course government will try to make everyone's life harder by banning use of cryptocurrencies, but you can't prevent the use of it, you can only punish people for using it, you already can transact with people using tor in almost any wallet software, so people will just do it quietly

@omniversosindios7953 2 года назад

Your argument is "because more people use bitcoin, bitcoin is better for privacy" ?? That is not a valid argument. Monero is true privacy money.

@omrit2 Год назад

Where did Andreas disappear?

@grator Год назад

Where is Andreas? No videos for 8 months

@helio2942 2 года назад

Can monero scale like bitcoin? Or does privacy get in the way for auditing custodians or in the way for lightning type contracts?

@Zariston Год назад

Privacy, security and decentralization are always in the way of scalability.

@DiiceForeveroO 11 месяцев назад

privacy in monero doesn't matter if the security of the network is not as strong, which monero is significantly lower in security of the network. Plus if you can't publicly audit the network, then you have to trust the network. Monero doesn't solve much overall...

@sovrintv 2 года назад

Almost all of us are currently under an authoritarian nightmare. So yea, XMR is it then.

@nabutovsky Год назад

Andreas! long time no see, I hope you are well! where you at?!

@bitlamas 2 года назад

Anonymity set in bitcoin is bigger? I don't understand. What anonymity set? Wouldn't you need bitcoin to be anonymous in the first place to consider the anonymity set? Or are you saying specifically about the users who are using CoinJoin? The clear direction the bitcoin network is going towards to is that a very big proportion of its transactions are made by completely known entities due to forced, imposed KYC worldwide. It's now trivial to put names and faces to UTXOs. This is one of the very few times where the answer actually made me more confused...

@sjatkins 2 года назад

I have no trouble at all with XMR liquidity. But it is not accepted for payment many places true enough. So a minimum privacy hit and cost way to convert some of your XMR to bitcoin when needed for exchange/purchases would seem a good target.

@-whackd Год назад

Just use a decentralized exchange like shapeshift

@rars0n Год назад

If you're just going to exchange it for bticoin, then your privacy is no better than just using bitcoin only.

@AncientSionX 2 года назад

Cool.

@TheWunderbaar 2 года назад

MONEROOOOOO BABYYYY

@Happytruth 2 года назад

Hey any thoughts on Teleport that is being worked on now by Chris Belcher, I understand that this will make BTC as private as any blockchain.

@pedrogorilla483 Год назад

Store in BTC, spend in XMR?

@EpicRSvids 2 года назад

Cant wait to see the comments on this one

@CrptcHpp 2 года назад

The more people switch to Monero, so to will it become the store of value coin. There is no value in the whole world knowing your balance and entire transaction history. People waking up to this will cause the flip.

@tomb8430 2 года назад

I think you're right about that. Anything is a store of value if it stores it's value. XMR already has.

@trippico_6569 2 года назад

Huh? What anonymity set in Bitcoin? You mean bigger liquidity but whats the point if its on a public ledger? Chainanalysis can trace trough mixings no matter how much liquidity there is. Over time they will always demix coinjoins if they want.

@GaryCindyAudie 2 года назад

Big fan

@ancapistaomarxista4071 2 года назад

nice

@Royorg-qf5jq 2 года назад

Xmr vs firo?

@mihailomaksa2184 2 года назад

XMR is one of the very fee coins worth owning, besides BTC and ETH

@alexleach4002 2 года назад

Can you comment on the Wasabi debacle? What do you recommend instead?

@edwardmclean5373 2 года назад

Samurai.

@edwardmclean5373 2 года назад

Or MWEB on Litecoin.

@edwardmclean5373 2 года назад

Or Monero.

@3six933 2 года назад

Monero

@hundehausen 2 года назад

I wish Bitcoin was a good currency just like Monero.

@luisangulo7722 Год назад

You should use always Monero

@NotraNaum 2 года назад

Bitcoin doesnt have an anonymity set, not sure where that argument comes from.

@l80sman104 2 года назад

Exactly what I was thinking. Like, uhhh, there's no such thing as anonymity on bitcoin period.

@NotraNaum 2 года назад

@@l80sman104 Maxis themselves starting to succumb to bitcoin derangement syndrome.

@metaverseplayer Год назад

Oh Andreas I’m too broke for Patreon. 😭 Please address this FTX debacle.

@shadrachegbokwu5496 2 года назад

Lightning network and liquid are more private than monero

@hugomigneault9232 Год назад

Cash is better for privacy. Otherwise, it's not really consider as a store of value, right ?

@joseantoniodonato42 6 месяцев назад

Best DECENTRALIZED PRIVACY COIN?????

@thepapervigilante2208 2 года назад

, coin join is traceable and for trace bitcoin the number of “participants “ it’s a non important factor

@flag_bearertruth6257 6 месяцев назад

when monero would go up? is this bull run or next bull run 2029. where hoverent might confiscate btc?

@hectorgonzalo9940 Год назад

This is a very important query for the bitcoin world. There has been an impressive increase in transaction costs and delays in Bitcoin confirmations and it can be understood that it is because of the increase in transactions related to NFT's, miners crash their servers due to the digital weight of NFT images. Practically the whole bitcoin world will collapse. Is it possible for Adreas to comment on this? Hector Gonzalo

@sdot1988 2 года назад

Master monero now 🤣

@asborisov1 2 года назад

Lol what? The btc whole chain is visible to everyone. The participants dosen't matter when it's a surveillance coin.

@NWCRYPTOADVISOR 2 года назад

Seek out the “Crypto Vigilante” ✊ Good video. Short & sweet.

@Distantkay 2 года назад

Does this mean that it is even more convenient to use fiat currency?

@JonathanCr0ss 2 года назад

Generally no. Fiat currency is widely accepted, Monero is not. It's not about convenience, it's about privacy and ability to transact without censorship or fear of future punishment for actions today.

@kevinclaypool6345 2 года назад

Now replace everything you said about Bitcoin with paper dollars

@trappedcat3615 2 года назад

@Thee NeuroMancer Now replace the word FIAT with New World Order.

@mobileandroid5299 2 года назад

@𝗣𝗶𝗻𝗻𝗲𝗱_𝗯𝘆 aantonop - Why do you try to scam people like this? I am reporting ALL your comments.

@ikust007 Год назад

WHERE ARE YOU!!!!???

@shitmandood Год назад

He probably went broke. Time to unsub

@fstanojevic9f 2 года назад

Hi Andreas! A question I can't wrap my head around: What prevents "hackers" from generating random private keys (since keys are just large numbers)? Why can't I go ahead and generate a random private key (+public key with it) and find out if there is existing bitcoin locked with it? If I find there is, I can "steal" it (because I have the private key). And repeat this billions, trillions of times. Why aren't people doing this? Is it not possible?

@KMEthridge 2 года назад

There are 1461501637330902918203684832716283019655932542976 possible addresses. A trillion is 0.00000000000000000000000000000000007%. That would be like looking for a needle in all the hay stacks in the world. Their computing power would be better spent mining Bitcoin.

@KMEthridge 2 года назад

That said, I think it’s been done to wallets where the user didn’t use a randomly generated seed phrase. It would be worth it to run through an entire dictionary or even famous quotes to find the bozo who created a wallet with the seed phrase “potato” or “this is Sparta”

@fstanojevic9f 2 года назад

That makes sense. Thanks Kevin!

@Kolajik 2 года назад

Yes, you might be able to select a private key which already belongs to some wallet with coins on it. However, the set of all private keys is so big (2^256), the chance of being lucky to hit one of those wallets is very small. You also have to take into consideration additional words as passwords being input while generating these keys, so you could multiply this big number with another one, reducing the probability to even lower number. Now with the use of BIP32, it adds another 2^256 combinations since it uses key derivation based on this 2^256 seed. It's really not that easy to hit such wallet.

@weathercontrol0 Год назад

There's are more private keys than atoms in the universe

@nonamebrand5095 2 года назад

Aanton i respect you a lot and thanks for saying that about Monero. I just want to add. That is 100% accurate in terms of size. Maybe 2-10billion mc vs 400 billion doesnt compare today correct! However lets change the facts. Remember solana was just 16 months ago leas then 100 million marketcap. It reached 100 billion in a short time. Doge reached i think 70billon many other example eth nearly 100s of billions. The fact today is the liquidity issue. The fact 10 years from now maybe not so. Given how 100billion can be changed in the matter of months in crypto. As an optimistic individual. Id like to believe one day the adoption and value proposition for monero becomes sought after like a switch of a light. That the liquidity can storm in without warning. Bitcoin did the same thing. Less then 200 billion around 4-6k then 70k. Its not improbable to know who values monero as the ultimate store of value at some point in time. As it is very much scarce and intriguing to many original bitcoiners who dare to discuss another alt coin as a store of value lol

@putyograsseson Год назад

monero is anything but scarce tho

@SAL-fs1mr 2 года назад

Monero has risks of undetectable inflation bugs, forever. This is why it will never come close to Bitcoin in terms of being a store of value. Such an inflation bug could be happening right now in Monero and no one would know.

@thepapervigilante2208 2 года назад

You can know but more or less the same…

@SAL-fs1mr 2 года назад

@@thepapervigilante2208 you can't know with the same certainty as Bitcoin. Doing the supply verification of Bitcoin is simple addition, which isn't the case with Monero. It's a fundamental tradeoff that Monero fans don't like to be upfront about.

@thepapervigilante2208 2 года назад

@@SAL-fs1mr ye ye, but show me the mining addresses satoshi has when he mined bitcoin back in the 2009 with his fpgas

@SAL-fs1mr 2 года назад

@@thepapervigilante2208 how is that even remotely relevant to the point I'm making?

@tobykelsey4459 2 года назад

@@SAL-fs1mr The obfuscated addition (Confidential Transactions) in Monero is well-understood math and can be checked with a computer program, or you can work through the math yourself if you want. If you claim you need to check this with pencil and paper "to be sure" you would never be able to check the whole BTC blockchain either. It's a bogus argument.

@jayp6955 Год назад

Gonna age like milk. The participant pool being slightly bigger in BTC doesn't matter. Chain-crawling script can still mostly figure out identity, and this ability doesn't quickly go away when you scale the participant set. Put differently, 1m people using BTC is still less anonymous than 200k people using XMR. In terms of his arguments against XMR liquidity vs. BTC, that's a much easier problem to solve (could be solved in weeks with viral adoption) than the inherent privacy flaw in BTC. Privacy is binary, either you have it or you don't. XMR is much closer to 1 than 0. BTC's privacy is so weak it might as well be 0.

@tau-ceti Год назад

"Privacy is binary, either you have it or you don't. XMR is much closer to 1 than 0. BTC's privacy is so weak it might as well be 0." Your last statement contradicts the former.

@japersjolly8763 2 года назад

All you need to do to make this video up-to-date is substitute ARRR for XMR. Then you have total privacy. BTC is totally transparent, every coin's history is an open book and therefore not fungible. No thanks.

@RukiDance 2 года назад

like Amerika , lol

@loufaloufas 2 года назад

There is only one true private coin out there and that is EPIC Cash.

@3six933 2 года назад

Keep dreamin bud

@insertname5421 2 года назад

scam coin

@iras66 2 года назад

The main problem is that it is nearly impossible to enter or exit the Monero ecosystem without giving up your identity. Since no one is really using Monero you always have to change it back at some point (to BTC for instance) in which case you better off using Coinjoin or some other onchain obfuscation method.

@iras66 2 года назад

@@martinlutherkingjr.5582 Never happened to me. Also using coinjoin is not illegal.

@edwardmclean5373 2 года назад

@@iras66 Coinjoin is not illegal, but it is expensive. And it CAN be a reason for an exchange not to accept funds. Just because it hasn't happened to you yet doesn't mean it never will. Also, "no way to enter or exit without giving up your identity" is a nonsense argument. If your entry or exit is a KYC exchange, then just like Bitcoin, yes the exchange knows how much you buy, trade, move off the exchange, or sell. But that's ALL it knows. So if you want true anonymity, don't use a KYC exchange. Even if you do use a KYC exchange, it's still better for privacy than Bitcoin.

@trappedcat3615 2 года назад

Monero is for exchanging real world goods and services with friends, family or people you trust, not exchanges or tracking services.

@edwardmclean5373 2 года назад

@@trappedcat3615 You can still use it with exchanges. Just understand that they know who you are, and they know what goes in and out of that custodial wallet. But they don't know for certain where it came from when it comes in, or for certain where it is going when it goes out.

@iras66 2 года назад

@@edwardmclean5373 Coinjoin is expensive, really? Please tell me what is the price if I exchange my BTC to Monero and send it over to some other party who most probably have to change it back again (or sell in some other way)? There is literally no infrastructure built around Monero. A few years ago I have been to one of the very few crypto ATMs in Europe which supposedly bought and sold XMR only to find out that it was out of operation and now it doesn't even exist any more. It is also nearly impossible to use it with hardware wallets.

@danielcooper5698 2 года назад

This is an honest question. I've been into crypto for two years. I'm a person of average intelligence. How is it possible that experts like you, Andreas, don't understand that Bitcoin and Ethereum are obsolete garbage?

@jabibgalt5551 2 года назад

Please, explain how Bitcoin and Ethereum are obsolete garbage. Otherwise, the only truthful statement here may be "I'm a person of average intelligence".

@3six933 2 года назад

@@jabibgalt5551 They're not Fungible

@danielcooper5698 2 года назад

@@jabibgalt5551 Good luck to you

@jabibgalt5551 2 года назад

@@3six933 Did I say they were fungible? Read again, bucko.

@John----Smith 2 года назад

@Daniel Cooper: "I'm a person of average intelligence" --> this is the answer to your question.

@Jerry-pk7xw 2 года назад

BTC is the best solution to service denial attacks. Why? To prevent 'service denail attacks' you need energy. History shows that the more energy you use for example the energy behind a knife vs a gun, which are both just metal, the more superior the prevention of a denial of a service attack. Mining BTC aka Proof of work is a superior piece of metal in enegy use. BTC are sertainly a medium of exchange and a store of value however it is by far the most ethical weapon for self defense.

@JonathanCr0ss 2 года назад

I think you need to slow down and think a little bit more clearly. This isn't making a whole lot of sense. I know you're probably referring to this interview from Pomp, but what you're describing doesn't really make any sense, Bitcoin is not a metal, denial of service has a particular meaning and definition with regards to distributed systems.

@Jerry-pk7xw 2 года назад

@@JonathanCr0ss thanks, i will try and understand it better. Have a nice day

@LjaDj5XQKey9mSDxh4 Год назад

I googled what Antonopoulos had to say about Monero and I am very disapointed. The argument doesnt hold. There is no anonymity set in a transparent ledger.

@steveos6472 2 года назад

That is by far the dumbest argument I have ever heard.

@epicrising9895 2 года назад

Imagine if someone had invented a fungible, private version of BTC, faster and cheaper to use than BTC, with anonymous, private transactions. That would be epic wouldn't it. That would be Epic Cash

@3six933 2 года назад

@@monkman369 catch up on pirate first bro

@n0v3r0n4 2 года назад

@@3six933 pirate chain is a premined trash coin that is far from monero's level

@whodis5112 2 года назад

Particl a close second to Monero?

@powerof9915 2 года назад

You must live in the Light and the Dark. Bitcoin is the Light. Monero and ARRR are the dark. You don't have to chose but realizing there is more money in the light it's easy to see why most of your crypto should be in BTC

@mikefreeman5053 2 года назад

Consider Epic Cash, it's superior tech in its infancy stage. Liquidity will flow to it in time but how life changing would it be to accumulate now before it reaches mass adoption? Peace and love Andreas ✌ thank you for your wealth of knowledge 🙏

@lawofparsimony 2 года назад

btc to toilet

@hayleylewis1458 2 года назад

I’ve never heard of this Minero mostly because I refuse to look into shitcoins but all the comments got me curious then I went over to my exchange and it turns out it’s been banned from one of the major exchanges in Australia (coin spot ) because it has no liquidity? I really don’t know what that means but I’m really confused why he is here comparing a shit coin to bitcoin especially when that shit coin has been banned from a major exchange?

@cheeseheadwizard Год назад

Lmao this guy isnt an expert on anything 😂

@hurlyzzz 2 года назад

no, use lighning

@edwardmclean5373 2 года назад

Lightening Network is not as private as Monero, there are white papers on LN privacy. Coins still have to enter and leave the channel and be settled on the main chain, for one thing. Bitcoin could make this better if they implemented Confidential Transactions. Even better would be to add the MWEB upgrade that was designed for Litecoin, which should be activating in a month or two. MWEB is far superior to LN for privacy.

@jherc12990 2 года назад

@@edwardmclean5373 it’s private enough for the common man tbh

@edwardmclean5373 2 года назад

@@jherc12990 That's for the individual common man to decide. Everyone has their own threat model. It's important to be known that there are differences in privacy between solutions, so that users can make an educated decision about what they choose to use.

@jherc12990 2 года назад

@@edwardmclean5373 true, btw I think monero is obviously better than lightning network still on privacy. Fungibility problem will always be something BTC will have to tackle with

@edwardmclean5373 2 года назад

@@jherc12990 MWEB on Litecoin is promising, I hope activation goes smoothly, and maybe it makes it a way to BTC sooner than later.

@ddljddlj704 2 года назад

More coins more i hate these ponzi schemes including btc

@hayleylewis1458 2 года назад

I couldn’t even find such a thing on my exchange as Monero? WTF are you comparing a bitcoin with a shit coin?

@tomb8430 2 года назад

XMR is disappearing of regulated exchanges because of govt regulations. Govts don't like the fact that cash and privacy coins can be hidden from their view. In my opinion, it's less to do with criminal activity than it just being hidden. Why else do you think central banks around the world are scrambling for CBDCs?

@berrytrenzy 2 года назад

Mr Brian C Nelson is the best recommending him to all beginners who wants to recover losses like i did.

@Dropdabrickonyotoes 2 года назад

Just hold monero longer than 72 hours. Any less and it’s trackable

@w.o.jackson8432 2 года назад

lol

@edwardmclean5373 2 года назад

That's incorrect. It is correct that there is a chance that if you spend funds within 20 minutes (10 blocks) of receiving them, there is a risk of your decoy signature being identified as the true spend. The transaction amount is still private however. This will be addressed in the coming hard fork, within the next 2-4 months most likely.

@BrentFournier 2 года назад

@Edward McLean's comment combines with the fact that even if the decoys are discovered, neither sender nor receiver can be discerned.

@JonathanCr0ss 2 года назад

Yeah there's also timing attacks which affect ANY system which is trying to provide anonymity. For example this is quite effective against Tor.

@efngepic2363 2 года назад

Definitely check out Epic Cash, 2019 version of what BTC strives to be, with true privacy baked into the layer 1. Fundamentally sound through and through

@nsevv 2 года назад

We are switching to using Litecoin for privacy. Litecoin mimblewimble adds privacy.

@3six933 2 года назад

Lol good luck

@BrentFournier 2 года назад

Unfortunately, opt-in security has been proven to simply highlight those transactions that are attempting to be obscured

@efngepic2363 2 года назад

Epic cash bakes the anonymity into a L1 that's is unconfiscatable, fungible, scarce @21million, immutable, permission less, and can be mined on GPU, CPU and ASIC miners.