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IF you want privacy, there are alternative coins that are fairly active with development: Monero, zcash, etc. I am not endorsing anything, but i believe the pri
by tehlike 9y ago
IF you want privacy, there are alternative coins that are fairly active with development: Monero, zcash, etc. I am not endorsing anything, but i believe the privacy & fungibility are important in a digital currency.
On the sad side, people who put money in bitcoin are thinking it's a great investment. This is not to devalue your comment, but for the past 10 years, almost every years, the low lows have been increasing.
Be your own bank is not a meaningful goal, though, at least with the way things are. Coinbase, for example, holds about 10% of circulating bitcoin is what i hear.
- deleted 9y ago[deleted]
- stef25 9y agoMaybe this isn't the right place to ask this question, but how is Monero any different than the Bitcoin example you respond to, when the vendor you sent your crypto currency to to exposes your identity?
- flatline 9y agoMonero uses ring signatures to mix your transaction outputs with others', providing "plausible deniability" of the subsequent inputs. It furthermore uses stealth addresses to hide the transaction history to an individual address. This is not foolproof and has been shown to be traceable in a number of cases, but it's a heck of a lot better for anonymity than bitcoin.
- tehlike 9y agoThere are new improvement - there was a article about monero being tracable > 50% of the time, but it was fixed right around when the article came out to be. As for the original goals of bitcoin, maybe monero is closer to it. I don't know.