Monero is just another FOSS project like Bitcoin, but traded transparent simple auditability for much better privacy. Simple examples:
Bitcoin transaction:
Alice sent $X to Bob
Monero transaction:
6% chance Alice sent $[?] to [?]
As you see amounts and recievers are completely hidden with Monero (uses confidential transactions and stealth addresses to achieve this. They don't appear on the blockchain at all). Coinjoining Bitcoin only obfuscates, but the transaction graph and range of connections and amounts still exist to be uncovered with more data or user mistakes.
Save with Bitcoin, spend with Monero if you value privacy.
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2023-08-16 17:34:48
in reply to nevent1q…0v8r
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2023-08-16 17:34:48Event JSON
{
"id": "6091de2e59ea3d62ec4f8d5336987538bcf46f4b08b493d50abd6b6f703f05ae",
"pubkey": "af740d198babb8c7b82d0a4718eb354bb3f6af9a98639b85d4a5cf1371caba85",
"created_at": 1692207288,
"kind": 1,
"tags": [
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"root"
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],
"content": "Monero is just another FOSS project like Bitcoin, but traded transparent simple auditability for much better privacy. Simple examples:\n\nBitcoin transaction:\nAlice sent $X to Bob\n\nMonero transaction:\n6% chance Alice sent $[?] to [?]\n\nAs you see amounts and recievers are completely hidden with Monero (uses confidential transactions and stealth addresses to achieve this. They don't appear on the blockchain at all). Coinjoining Bitcoin only obfuscates, but the transaction graph and range of connections and amounts still exist to be uncovered with more data or user mistakes.\n\nSave with Bitcoin, spend with Monero if you value privacy.",
"sig": "8eb16e94fd166a6520532e5b17e80277a8040a32e8962aebe586eb46db4e3b10a57fab4ba73c70a39bbfe33c1ec12c329a9b91748e0401788d4118e5b0fc85cf"
}