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All the replies so far seem to focus on Bitcoin and not XMR (Monero). Monero does a better job at solving the problems that have been mentioned about Bitcoin:
by MerelyMortal 4y ago
All the replies so far seem to focus on Bitcoin and not XMR (Monero). Monero does a better job at solving the problems that have been mentioned about Bitcoin:
A blocksize that scales which also leads to reduced fees, transactions and address balances are private.
(Disclaimer: I own some XMR, but not much.)
- throwaway290 4y agoProps for the disclaimer. However, it seems doubtful that Monero is 'better' than cash either. The idea is less about chasing after cash money, and more that if e.g. you suggest me to deal in cash I must consider that I will be on the hook forever in case this leaks -- doesn't matter if this is due to your negligence, your disgruntled employee or partner whistleblowing, advances in spying tech, another customer reporting you, etc. It's the same with Monero, possibly worse. With cash, taking all precautions once is enough (ensure there are no cameras around, leave my phone at home, wear gloves, etc.), while the only way to have all the evidence gone from blockchain is only by having Monero itself gone, right?