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Joined 1 year ago
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Cake day: November 30th, 2023

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  • horse_battery_staple has a more comprehensive comment than this one:

    Yeah bitcoin is public, but anonymous (until the very first time you interact with some account in your name). Monero, in short, is like bitcoin but with washing is built into every transaction. It’s far, far from perfect (like all current crypto-currencies), but is a meaningful improvement over Bitcoin (it also supports higher transactions/second).

    In my opinion, Bitcoin and Monero are the only crypto-currencies worth engaging with at this time. I haven’t looked into Etherium or Solana, mostly because the idea of ‘decentralized apps running on the chain’ seems like beyond ludicrous scope creep for the problem of ‘minimal trust currency’. The one thing they do right is the Proof of Stake transaction confirmation algorithm, which is much more energy (and CO2) efficient than Proof of Work as used by Bitcoin and Monero.