Mrdraxs on Nostr: Satoshi Nakamoto, the creator of Bitcoin, chose not to make Bitcoin a privacy-focused ...
Satoshi Nakamoto, the creator of Bitcoin, chose not to make Bitcoin a privacy-focused cryptocurrency like Monero for several reasons. One key reason is that Bitcoin was designed to be a transparent, public ledger system where every transaction is visible to anyone on the network. This transparency was intended to build trust in the system by allowing anyone to verify transactions and ensure the integrity of the blockchain.
In contrast, Monero was developed with a strong emphasis on privacy and anonymity. Monero transactions obscure the digital addresses of senders and receivers, as well as the value of the transactions, making it difficult for anyone to trace transactions on its blockchain. This design choice reflects a different vision for cryptocurrency, one that prioritizes user privacy over transparency.
in other words monero fault is that anyone can create a block on the network that messes with the network system and because of its privacy its next to impossible to identify said block and remove it from the network.
In contrast, Monero was developed with a strong emphasis on privacy and anonymity. Monero transactions obscure the digital addresses of senders and receivers, as well as the value of the transactions, making it difficult for anyone to trace transactions on its blockchain. This design choice reflects a different vision for cryptocurrency, one that prioritizes user privacy over transparency.
in other words monero fault is that anyone can create a block on the network that messes with the network system and because of its privacy its next to impossible to identify said block and remove it from the network.