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by nohell 6 days ago
Monero is even cheaper and more useful as cadh because it's private. Anyone can see Bitcoin history and where the user got their coins.
2 comments
dfish 6 days ago
They are both useful. Monero is a bit more tricky to use, there is no concept of Lightning network, you still have to wait around 7 minutes for the transaction to settle. It's not bad, but it is different. The transparency in Bitcoin is a feature not a bug.
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nohell 6 days ago
CIA uses Bitcoin for intelligence gathering: https://cryptobriefing.com/cia-bitcoin-intelligence-gatherin...

Really? Did we IT people decide giving up privacy for security is a good idea?

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kube-system 6 days ago
It's hardly just them. This tech has been commercialized for over a decade.

https://www.chainalysis.com/blockchain-intelligence/

They also do work to deanonymize other blockchains, including monero.

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akimbostrawman 5 days ago
>including monero

which they still haven't actually broken despite empty marketing claims which in reality is busting people on KYC CEXs.

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kube-system 5 days ago
I've also seen rumors suggesting they have attacked it via network traffic analysis, which also seems plausible

Whether or not they've done it by breaking the protocol itself might be of academic concern but is irrelevant in practical terms.

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akimbostrawman 5 days ago
>but is irrelevant in practical terms

It very much is not. If I use cash to commit a crime but then deposit it into a KYC bank account which is then used as a side channel to get me caught does not mean its the cashes fault.

XMR privacy and anonymity can not protect you from going out of your way to convert it into inferior surveillance currency which then gets you busted.

That's basic logic and should be a obvious technical limitation.

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winterrdog 6 days ago
There are solutions to this as well e.g. CoinJoin and using Taproot or Musig to hide redeem scripts and probably more

They make it incredibly hard to make sense of gathered intel

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grim_io 6 days ago
The main grifters care for neither.
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agalush 6 days ago
Lightning payments are not stored onchain and have already been proved more private than monero payments
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akimbostrawman 5 days ago
considering actual criminals do not use lightning but monero it should be obvious that is not the case.
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Ferret7446 4 days ago
That's more the fact that lightning is a bit of a pain to use. It has a chicken and egg network growth problem, which is doubled on top of the chicken and egg problem of its host crypto
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akimbostrawman 2 days ago
That does not make any sense. btc even lightning still has about 100 times the user and ecosystem. Nobody uses it because it obviously it is not secure.
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