papafigos on Nostr: They didn't trace Monero, they traced people who deposited Monero in exchanges. ...
They didn't trace Monero, they traced people who deposited Monero in exchanges.
Bitcoin private sends are not private at all. The chain is transparent, doesn't take a genious to correlate the transaction based on the amount.
You can NEVER have PRIVACY on L1 Bitcoin as it exists now. You can have PSEUDOANONYMITY at best, and it's always a losing game, because anything and everything you do is not just transparent, but eternally transparent.
Monero, on the other hand, gives anyone and everyone who uses it PRIVACY and ANONYMITY at the blockchain level.
The lack of privacy in the bitcoin L1 affects your privacy in intricate ways in layer twos, in much the same way that mass surveillance online is a thing because IP (the protocol) does not encrypt neither payload nor packet headers.
One follows from the other, and only people who are not very technical, not very bright, or highly cultist/dogmatic (or a combination of those) can fail to see such an obvious point.
#monero does indeed fix this particular problem. But you see, except for a few nutjobs that make wild claims and take it too seriously, most monero users understand that the amazing privacy and anonymity which you need unless you like mass-surveillance (spoiler: monero users don't, that's why we use it) come with tradeoffs, because as anyone with a basic grasp of economics knows, THERE ARE NO SOLUTIONS, ONLY TRADEOFFS.
And so most Monero users are bitcoin hodlers too, and in fact LITERALLY 100% of the bitcoiners I know from 2016 and earlier find all of this pretty obvious.
For some reason the new crops take Bitcoin as some kind of religion or some shit, and are unresponsive to rational persuation.
Consequently, and since experience reliably tells me you will not change your mind, don't even bother replying. This is more for the passerby readers whose minds have not calcified into religious dogma yet.
It truly is very simple. Monero & Bitcoin are tools anyone can use, and if you use Bitcoin, you probably should be using Monero too.
Bitcoin private sends are not private at all. The chain is transparent, doesn't take a genious to correlate the transaction based on the amount.
You can NEVER have PRIVACY on L1 Bitcoin as it exists now. You can have PSEUDOANONYMITY at best, and it's always a losing game, because anything and everything you do is not just transparent, but eternally transparent.
Monero, on the other hand, gives anyone and everyone who uses it PRIVACY and ANONYMITY at the blockchain level.
The lack of privacy in the bitcoin L1 affects your privacy in intricate ways in layer twos, in much the same way that mass surveillance online is a thing because IP (the protocol) does not encrypt neither payload nor packet headers.
One follows from the other, and only people who are not very technical, not very bright, or highly cultist/dogmatic (or a combination of those) can fail to see such an obvious point.
#monero does indeed fix this particular problem. But you see, except for a few nutjobs that make wild claims and take it too seriously, most monero users understand that the amazing privacy and anonymity which you need unless you like mass-surveillance (spoiler: monero users don't, that's why we use it) come with tradeoffs, because as anyone with a basic grasp of economics knows, THERE ARE NO SOLUTIONS, ONLY TRADEOFFS.
And so most Monero users are bitcoin hodlers too, and in fact LITERALLY 100% of the bitcoiners I know from 2016 and earlier find all of this pretty obvious.
For some reason the new crops take Bitcoin as some kind of religion or some shit, and are unresponsive to rational persuation.
Consequently, and since experience reliably tells me you will not change your mind, don't even bother replying. This is more for the passerby readers whose minds have not calcified into religious dogma yet.
It truly is very simple. Monero & Bitcoin are tools anyone can use, and if you use Bitcoin, you probably should be using Monero too.