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If people just move away to a real privacy coin like Monero, the discussion about Tornado becomes largely moot. It offers a lot stronger privacy. It also offers
by OutOfHere 2y ago
If people just move away to a real privacy coin like Monero, the discussion about Tornado becomes largely moot. It offers a lot stronger privacy. It also offers fungibility which means your coinjoined coins can't ever be marked by exchanges as tainted. Swap your way to it.
- pcthrowaway 2y agoNot exactly, Tornado is a protocol for unlinking sending tokens from claiming them, so it can theoretically be used for things besides money laundering (or tokens with monetary value in general), so Monero can't exactly replace that. But also, Tornado runs on proof of stake platforms, while the Monero network will continue to consume outsized resources via proof of work. While certainly a minority of crypto users, there are nevertheless many who want to avoid proof of work platforms due to the environmental implications.
- OutOfHere 2y agoIn the context of Monero' PoW, that has it largely wrong with regard to the environment. Firsly, Monero's algorithm disallows large commercial mining via ASICs, which means it comes down to the utility provider to be green or not. If the utility provider uses green energy, there isn't ongoing environmental harm from it. Monero's hash rate also isn't obscene like that of Bitcoin, so far less computation is needed to mine it. It is government issued fiat money that has led to banks having a strong bias toward funding funding fossil fuel development for the last century and the current one. If debt-fueled fiat money were to go away, continued environmental destruction by new fossil fuel projects would largely halt.