Short answer: Yes
Long answer:
2 main options for privacy with Bitcoin right now.
Coinjoins and Offchain methods.
1) Coinjoins offer inferior "privacy". Nothing is actually hidden with obfuscation. Also slower, tedious, and relatively expensive.
2) Offchain methods have potential to have great privacy, but so far come with major downsides usually giving up some sovereignty. You have to give up custody, ask permission, or require intermediaries.
Ecash, the only real contender to Monero's privacy, is custodial.
Many other downsides I could go into with the two methods above. But basically if you want strong default privacy, without giving up sovereignty, Monero is the only thing that fills that role right now.
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2023-12-07 23:03:08
in reply to nevent1q…kfkz
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2023-12-07 23:03:08Event JSON
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"pubkey": "af740d198babb8c7b82d0a4718eb354bb3f6af9a98639b85d4a5cf1371caba85",
"created_at": 1701990188,
"kind": 1,
"tags": [
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"content": "Short answer: Yes\n\nLong answer:\n2 main options for privacy with Bitcoin right now.\nCoinjoins and Offchain methods.\n\n1) Coinjoins offer inferior \"privacy\". Nothing is actually hidden with obfuscation. Also slower, tedious, and relatively expensive.\n\n2) Offchain methods have potential to have great privacy, but so far come with major downsides usually giving up some sovereignty. You have to give up custody, ask permission, or require intermediaries.\nEcash, the only real contender to Monero's privacy, is custodial.\n\nMany other downsides I could go into with the two methods above. But basically if you want strong default privacy, without giving up sovereignty, Monero is the only thing that fills that role right now.",
"sig": "4d1df77944cead18313934a217633c515104e3fa6d33038736babbd90cc212f20107d26cbf843677c7a5352d20b8cd20ebf81f2141af6d68a04ddd1204f651d3"
}