SaberhagenTheNameless on Nostr: Privacy was one of the core goals of cypherpunks that predated and led up to the ...
Privacy was one of the core goals of cypherpunks that predated and led up to the creation of Bitcoin
As for advantages of using Monero over cash...
-Can't use cash to transact instantly with anyone on the planet.
-Can't carry arbitrarily large amounts.
-More vulnerable to confiscation and theft.
-More difficult to verify authenticity on-the-fly.
-Issuance is centralized, unpredictable, and doesn't require PoW.
-Not as easily divisible (Need to carry specific denominations and change)
-Can't trustlessly exchange for crypto (no atomic swaps)
-Can't have multiple people with simultaneous ownership and control over the same cash (multisig)
note12acrktner7qftvhwnrnsgket3cgywk8dkrkmyfaq6rrlts2vfh5s33l9gh
As for advantages of using Monero over cash...
-Can't use cash to transact instantly with anyone on the planet.
-Can't carry arbitrarily large amounts.
-More vulnerable to confiscation and theft.
-More difficult to verify authenticity on-the-fly.
-Issuance is centralized, unpredictable, and doesn't require PoW.
-Not as easily divisible (Need to carry specific denominations and change)
-Can't trustlessly exchange for crypto (no atomic swaps)
-Can't have multiple people with simultaneous ownership and control over the same cash (multisig)
note12acrktner7qftvhwnrnsgket3cgywk8dkrkmyfaq6rrlts2vfh5s33l9gh