Curiio on Nostr: BTC is certainly a fantastic cryptocurrency but it most definitely doesn’t win on ...

BTC is certainly a fantastic cryptocurrency but it most definitely doesn’t win on privacy. Monero (XMR) is private by default. In fact it’s very difficult to make a transaction that isn’t private, even if you initially bought through a KYC exchange. It’s compatible with atomic swaps too so you can exchange it with BTC P2P in a zero trust manner.

XMR employs several techniques such as stealth addresses and ring signatures to ensure that its blockchain provides POW (proof of work) whilst remaining private, unlike BTC’s private blockchain.

XMR also uses the RandomX POW algorithm which is CPU friendly as it favours hardware that handles a more varied and random workload. This makes it ASIC resistant meaning that buying all of the ASIC processors and starting a mining farm like people do with BTC won’t really work. This means regular individuals can mine at home :D

Not to mention how scalable XMR is with dynamic block sizes that can change depending on how much traffic is running on the network.

Monero has a long way to go, as does BTC but, for me at least, it wins on privacy. Especially if you run your own node!

quoting
note1za7…dx8a

Bitcoin is already, by far, the best privacy coin.

What is left now is to teach the history of how we got here - recognizing pioneers like Wasabi and Samurai - and learn from it.

Even more importantly - spread the knowledge on how to use the right tools: eCash, Boltz swaps, RoboSats, solid wallets like AquaBitcoin & BullBitcoin, and merchant platforms such as btcpayserver (nprofile…kvl9).

It's critical that most Bitcoin stays no-KYC. Anything less than a supermajority pushes us toward a dystopian future - one already previewed in Sweden, where anyone can legally look up your home address and Bitcoin holdings in a public, government-mandated registry. I don't think anyone sane wants to live in the chaos of that type of world.

See you today at Lugano PlanB P2P Stage, 3 PM where I'll be talking with SethForPrivacy, giacomozucco (nprofile…u090), Max (nprofile…n6yh) and ODELL (nprofile…uf96) about one of my favorite topics.

No privacy, no freedom ✊🗽