entropi on Nostr: I've yet to encounter a convincing argument as to why Monero doesn't offer superior ...
I've yet to encounter a convincing argument as to why Monero doesn't offer superior anonymity compared to Bitcoin.
Consider this: if your life hinged on the absolute anonymity of a single transaction, which cryptocurrency would you instinctively opt for? Perhaps you'd consider tumbling your Bitcoin through a mixer like Whirlpool, distributing it across numerous Unspent Transaction Outputs (UTXOs). However, with recent escalating transaction fees, this approach has become less appealing and considerably complex.
Indeed, Bitcoin is akin to a black hole - its massive gravitational pull will eventually engulf everything in its vicinity. Yet, it's important to remember that, despite its immense potential, Bitcoin isn't a one-size-fits-all solution just yet. Bitcoin will, in my view, eventually excel in the realm of privacy, but as it stands, it hasn't reached that point.
Consider this: if your life hinged on the absolute anonymity of a single transaction, which cryptocurrency would you instinctively opt for? Perhaps you'd consider tumbling your Bitcoin through a mixer like Whirlpool, distributing it across numerous Unspent Transaction Outputs (UTXOs). However, with recent escalating transaction fees, this approach has become less appealing and considerably complex.
Indeed, Bitcoin is akin to a black hole - its massive gravitational pull will eventually engulf everything in its vicinity. Yet, it's important to remember that, despite its immense potential, Bitcoin isn't a one-size-fits-all solution just yet. Bitcoin will, in my view, eventually excel in the realm of privacy, but as it stands, it hasn't reached that point.