Hopeful_Sat on Nostr: I've always been curious, what's the deal with Monero? Years ago I understood that ...
I've always been curious, what's the deal with Monero? Years ago I understood that it's private so you can't trace transactions right? Isn't that a good thing? Is there a centralization issue or some reliance on a "third party" to make it happen? If somehow bitcoin could be exactly the way it is, but the transactions are untraceable, would that not be better than a public ledger for everyone to see? Or is the privacy issue solved with layers built on the bitcoin network anyway so monero is just another shitcoin? Being bitcoin only I don't really get why "altcoins" are so attractive to people? Most of them are worse than using a centralized server anyway so why even make them?
Published at
2025-02-23 19:33:12Event JSON
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"content": "I've always been curious, what's the deal with Monero? Years ago I understood that it's private so you can't trace transactions right? Isn't that a good thing? Is there a centralization issue or some reliance on a \"third party\" to make it happen? If somehow bitcoin could be exactly the way it is, but the transactions are untraceable, would that not be better than a public ledger for everyone to see? Or is the privacy issue solved with layers built on the bitcoin network anyway so monero is just another shitcoin? Being bitcoin only I don't really get why \"altcoins\" are so attractive to people? Most of them are worse than using a centralized server anyway so why even make them?",
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