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Author Topic: Best anonymous coin ?  (Read 220 times)
tabas
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December 02, 2020, 10:28:47 PM
 #21

It's still Monero. What's next to it I guess is Grin. As you know, it's the first altcoin that's being accepted by the forum if you're going to pay for a Copper Membership.
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Monero is the best for anonymity in thousands of altcoins. The 2 submitted 2 patents from Cypher Trace were discussed with my own opinion  there. If they truly did and finished something great to trace transactions and break the anonymity of Monero transactions, I don't understand how it took them so long time to submit patents for their discoveries? Many people in Monero community thought it is a FUD on the coin and I believe in this theory as well.
 
Grincoin does not bring anonymous to people who use it for transactions as how it was built up to be.
Base mimblewimble isn't really designed to be a "black box of reliable anonymity" in the way that Monero or Wasabi-CoinJoins are, where connections are hard-broken. It's more of a framework on which you could build solid anonymity using techniques that have largely not yet been perfected, plus major scaling benefits. Monero = CT + stealth addresses + ring signatures. Grin = CT + "stealth addresses" + mimblewimble. Because grin replaces ring signatures with mimblewimble, its privacy is less reliable than Monero's. Probably the grin developers have tried to make their mimblewimble transaction aggregation methods good, but I currently wouldn't put much faith in it, and IMO it'll take many years of research to get something really solid. That said, CT + stealth addresses offer a certain base level of privacy, and grin's method of handling stealth addresses (using an interactive protocol, exchanging "slates") is both more scalable than Monero and probably more private.

If your goal is to mix coins, grin is definitely not for you right now, and it may never be. Monero's goal is maximal privacy, regardless of the cost. Grin's goal is excellent privacy, consistent with scaling.
Thank you for these details that you have shared for both coins I believe as the best in privacy.

Thanks guys for the reply. How about Verge ? Don't you think it's better the Monero ?
Also regarding Monero's security being compromised, do you think it'll affect its price ?
Thanks
IMO, Monero is still better than verge.
Price affection, it could be somehow but it wouldn't changed a lot if your concern is the price because it has already established itself in the market.

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tbterryboy
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December 04, 2020, 08:40:59 AM
 #22

Other best altcoins are Zcash and DAI, they have the best privacy and anonymity apart from Monero as they are also among the top 50 best coins.
Indeed transactions on monero are near impossible to be traced because the details about sender's address and receiver's address are hidden I read somewhere although haven't made many transactions myself in monero and the amount transacted is also hidden so is a good choice, not sure how it being compromised now.

I actually think we can use any coin and remain anonymous if only we can take some extra cautious steps like using a new BTC address every time and use a mixer if you want even more security but remember they mix your coins for a fees and if it is worth then go for it, I also have a cheaper method as you can deposit into any exchange like Binance and then withdraw Cheesy the fees is lower as compared to mixers.
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