Users often joke Monero is the real stable coin. Hovers around average of ~$150 for years.
Maybe you already know this, but ring signatures are only 1 of 3 of Monero's privacy layers and only apply to the sender. It is the relatively weakest part because it is "just" obfuscation.
The real magic is Monero's encrypted amounts and receivers (confidential transactions and stealth addresses). Completely hidden - can't be derived by looking at the blockchain. Meaning the transaction graph (sprawling connections of senders and receivers) doesn't even exist on Monero, unlike 99.9% of cryptos.
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2023-10-24 16:52:32
in reply to nevent1q…fw8x
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2023-10-24 16:52:32Event JSON
{
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"pubkey": "af740d198babb8c7b82d0a4718eb354bb3f6af9a98639b85d4a5cf1371caba85",
"created_at": 1698166352,
"kind": 1,
"tags": [
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"content": "Users often joke Monero is the real stable coin. Hovers around average of ~$150 for years.\n\nMaybe you already know this, but ring signatures are only 1 of 3 of Monero's privacy layers and only apply to the sender. It is the relatively weakest part because it is \"just\" obfuscation.\n\nThe real magic is Monero's encrypted amounts and receivers (confidential transactions and stealth addresses). Completely hidden - can't be derived by looking at the blockchain. Meaning the transaction graph (sprawling connections of senders and receivers) doesn't even exist on Monero, unlike 99.9% of cryptos.",
"sig": "fd2b3495109ea9d8b544925e31a1b86c78cbac33d0e332161a458c7c6e9893f6d769efe95de74f69671b9d3d8227e5471ea8c8be8b48b9f3ae0ddb788f8b5dae"
}