In this Bitcoin Q&A, Andreas discusses the pros and cons of using Monero vs Bitcoin for privacy.
This question is from the November 2021 Livestream Q&A: https://youtu.be/d-YWbmDstHI
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Mr Brian C Nelson is the best recommending him to all beginners who wants to recover losses like i did.
In other words.. Buy Monero.
Cant wait to see the comments on this one
So basically if you live in the US, UK or EU living under a neo Liberal dictatorship then Monero is a great choice.
Just hold monero longer than 72 hours. Any less and it’s trackable
the fungibility and privacy of monero are superior to BTC, forever. the liquidity of BTC is superior to Monero, for now. Stay nimble and diversified.
Particl a close second to Monero?
Debate Rafael LaVerde from the Crypto Vigilante. Heck, maybe become a subscriber so you’ll learn about $ARRR.
Consider Epic Cash, it's superior tech in its infancy stage. Liquidity will flow to it in time but how life changing would it be to accumulate now before it reaches mass adoption? Peace and love Andreas ✌ thank you for your wealth of knowledge 🙏
given the cbdc-based social credit nightmare the US is about to become (project hamilton + signaling now from biden), i'd be interested to hear Andreas' thoughts on all this and if it will ultimately help or hurt bitcoin.
We are switching to using Litecoin for privacy. Litecoin mimblewimble adds privacy.
Can you comment on the Wasabi debacle? What do you recommend instead?
down with the surveillance coin. long live privacy!
Any darkweb vendor worth his salt accepts XMR, which is where you want privacy as priority.
Andreas: if you're fighting a nasty dictatorship…
Me: like Canada?
imagine thinking monero gives you privacy and then paying your house or car with it. 99% of the time, you give up your privacy due to real world interactions.
I don't want to brag or anything but the Ian he is talking about is me.
so basically under a communist new world order government the only option is monero gotcha
Atómic swaps, Bitcoin to monero and back
Bitcoin doesnt have an anonymity set, not sure where that argument comes from.
More coins more i hate these ponzi schemes including btc
It seems we're heading to a global China so privacy might be a thing. Do you have any thoughts on Haven Protocol (XHV). Seems like a brilliant end game idea but 60% of mining is being done by Hashvault 😬
It depends! If you are corrupted official or drug-lord a mafia leader then probably Monero can give you a privacy, but if you are like 99,99% of crypto holders , a person who invested the money he took from his work or because he sold something then probably Monero is selling you a service you don't need to buy! In my point of view Monero is another one scamcoin trying to capitalize from fear and uncertainty created by the corrupted officials and regulators. They themselves are buying when people are feeling safe, they themselves are selling it when they create regulation and taxation dramas. It holds no real value like so many other scamcoins created only to take advantage of people's stupidity.
Does this mean that it is even more convenient to use fiat currency?
It's 2022 and Andreas and other Bitocin bros are still trying to 'hack' privacy onto Bitcoin.
It's over bros, give up already. There's no anonymity set in Bitcoin.
Use Monero, Piratechain and Dero. Monero has plenty of liquidity for everyone.
BTC is the best solution to service denial attacks. Why? To prevent 'service denail attacks' you need energy. History shows that the more energy you use for example the energy behind a knife vs a gun, which are both just metal, the more superior the prevention of a denial of a service attack. Mining BTC aka Proof of work is a superior piece of metal in enegy use. BTC are sertainly a medium of exchange and a store of value however it is by far the most ethical weapon for self defense.
Xmr vs firo?
ty
so if in some point xmr is used more & more that will cover the difference ?
Hey any thoughts on Teleport that is being worked on now by Chris Belcher, I understand that this will make BTC as private as any blockchain.
We are all "fighting a dictator in some horrible nightmare scenario". This should be obvious. We are. Its the whole point of crypto, and why btc misses. Easy surveillance makes btc little more than a tool for authoritarians.
live in Canada? Use Monero! Andreas, please discuss the privacy of exchanges, are there any that don’t require your FULLZ?
I wish Bitcoin was a good currency just like Monero.
Hi Andreas! A question I can't wrap my head around: What prevents "hackers" from generating random private keys (since keys are just large numbers)? Why can't I go ahead and generate a random private key (+public key with it) and find out if there is existing bitcoin locked with it? If I find there is, I can "steal" it (because I have the private key). And repeat this billions, trillions of times. Why aren't people doing this? Is it not possible?
btc to toilet
Privacy coins don’t exist dummies
What about Offshift XFT? Their mainnet should be live end of this month and they bring privacy on ETH L1, seems like a good compromise?
Bitcoin is a trap, it makes the rich richer. Just run the numbers.
There is only one true private coin out there and that is EPIC Cash.
All you need to do to make this video up-to-date is substitute ARRR for XMR. Then you have total privacy. BTC is totally transparent, every coin's history is an open book and therefore not fungible. No thanks.
Definitely check out Epic Cash, 2019 version of what BTC strives to be, with true privacy baked into the layer 1. Fundamentally sound through and through