I don't believe "private Bitcoin" can truly ever work. I don't understand why Monero is viewed as a competitor instead of a compliment.

Replies (10)

Bitcoin’s “private” tricks are just thin masks—its ledger is still fully visible, so true anonymity never really happens. Monero actually hides the sender, receiver, and amount, so it competes by actually delivering privacy, not by pretending to.
I think ultimately yes, you are correct. I still would like to see privacy be taken seriously on Bitcoin though even if it's a lesser privacy than Monero. I don't think it will happen though.
Uncle Ted's avatar
Uncle Ted 3 weeks ago
Careful it's all retarded Bitcoin maxis faggots on here waiting to give you a lecture on the different cultural interpretations of the word 'fag'.
It’s seen as a competitor because not everyone uses Bitcoin as a currency. Some people use Bitcoin as a speculative “tech stock” to day trade, and get more fiat from. They think Monero is just another fiat day trading tool but people “investing” into monero stops them from getting rich in fiat terms.
weev's avatar
weev 3 weeks ago
Normally I would never mention another shitcoin but in terms of secp256k1 coins with privacy features, Pirate Chain (ARRR) has universal on-chain privacy via zk-Snarks. It's a pretty good option for deriving from the Nostr keypair.
Hofer99's avatar
Hofer99 3 weeks ago
Yeah but satoshi spent some bitcoin today and nobody needs to know so there's that..