SaberhagenTheNameless on Nostr: Monero is PoW like Bitcoin. There is no pre-mine or dev tax like many other cryptos. ...
Monero is PoW like Bitcoin. There is no pre-mine or dev tax like many other cryptos. In the same ballpark node count as Bitcoin and potentially even more decentralized mining since anyone with a computer can mine it. As far as investors and promoters go that exists in every crypto including Bitcoin.
You can't use Bitcoin in a privacy-preserving way (or at least to the same degree as Monero). All transactions are transparent and public forever. The most you can hope for is clunky obfuscation.
Published at
2024-12-10 03:59:37Event JSON
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"content": "Monero is PoW like Bitcoin. There is no pre-mine or dev tax like many other cryptos. In the same ballpark node count as Bitcoin and potentially even more decentralized mining since anyone with a computer can mine it. As far as investors and promoters go that exists in every crypto including Bitcoin.\n\nYou can't use Bitcoin in a privacy-preserving way (or at least to the same degree as Monero). All transactions are transparent and public forever. The most you can hope for is clunky obfuscation.",
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