Bitcoin vs Monero

[BITSPANISH]

In the last days you hear a lot about Monero.

Especially in the Deep Web.

There are people who claim that it is more anonymous than Bitcoin.

That transactions cannot be crawled.


MONERO

https://getmonero.org/


       

Is this it?

What do you think?

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[shinratensei_]

In the last days you hear a lot about Monero.

Especially in the Deep Web.

There are people who claim that it is more anonymous than Bitcoin.

That transactions cannot be crawled.


MONERO

https://getmonero.org/


       

Is this it?

What do you think?

I don't ever get the confirmation about its rumor. but if we try to compare bitcoin and monero and both are in the different area. If you try to pick the anonymity and monero is the winner.

[maku]

Monero is more anonymous than bitcoin, which is only pseudo-anonymous, that is a fact. But do you seriously need more anonymous coin?
It won't be ever pushed to the level of acceptance bitcoin received, not when we are still obliged to follow legal rules and subjugate ourselves to AML/KYC law.
But if you want to use Monero as Dark Market token, yes, it is better than BTC for that purpose.

[CryptoVzla]

if your ideal is to make some business in the darkweb, yep. Monero are for you, untraceable and secure.

[Sunmax]

anonymous is not necessary for a cryptocurrence, monero can't replace bitcoin even in deep web.

[TheKoolaider]

It's the real deal.  Superior to Bitcoin in most ways. Private. Secure. Untraceable.

Wonderful GUI wallet with ringCT permanently enabled.

Privacy shouldn't be an option like other coins. It should be inherent. Just like your privacy.

[dinofelis]

Monero is more anonymous than bitcoin, which is only pseudo-anonymous, that is a fact. But do you seriously need more anonymous coin?
It won't be ever pushed to the level of acceptance bitcoin received, not when we are still obliged to follow legal rules and subjugate ourselves to AML/KYC law.

I'm always baffled when I read that.  If you want to abide by AML/KYC, why not use fiat ?

My idea is that bitcoin's original design was meant to keep coins private.  If you read Satoshi's paper, he goes through some length about that.  Unfortunately, pseudonymity has turned out to be a very weak protection of privacy because of the information that propagates from one transaction to another.  So my idea is that monero is a technical improvement over bitcoin who failed to deliver technically on one of the design goals.

[crossabdd]

wanna "full untraceable" ?
if you send your zcash from t address to Z
the transaction will be full untraceable not only mixing like monero

example
https://explorer.zcha.in/transactions/1f74ab1516a597986ebcd9003d31a397ab864c710bc43162526d085a1512baa4

[dinofelis]

wanna "full untraceable" ?
if you send your zcash from t address to Z
the transaction will be full untraceable not only mixing like monero

example
https://explorer.zcha.in/transactions/1f74ab1516a597986ebcd9003d31a397ab864c710bc43162526d085a1512baa4

If it had been compulsory, I'd also have preferred zcash technically over monero.  But you're only mixing with those other users which also chose to go anonymous.  So the very fact of going anonymous (an act which in itself is traceable when you convert your coins to notes) is an indication you want to hide something.

[crossabdd]

wanna "full untraceable" ?
if you send your zcash from t address to Z
the transaction will be full untraceable not only mixing like monero

example
https://explorer.zcha.in/transactions/1f74ab1516a597986ebcd9003d31a397ab864c710bc43162526d085a1512baa4

If it had been compulsory, I'd also have preferred zcash technically over monero.  But you're only mixing with those other users which also chose to go anonymous.  So the very fact of going anonymous (an act which in itself is traceable when you convert your coins to notes) is an indication you want to hide something.

in fact im never use that's feature, someday i just want to try how mixing work, try use bitmixer.io, but for me its not powerfull, better im using coinbase, no fee free transaction
today i didnt need mix my bitcoin or anything.

i just give alternative , zcoin have higher security to untracable transaction than using monero.

[mobnepal]

Yes monero provide more privacy but the anonymity bitcoin can provide will be enough if you are not involved in some illegal activity. But if you need full privacy yes monero will be good choice than bitcoin.

[dinofelis]

Yes monero provide more privacy but the anonymity bitcoin can provide will be enough if you are not involved in some illegal activity. But if you need full privacy yes monero will be good choice than bitcoin.

In fact, fiat provides better privacy than bitcoin.   Several years ago, I wrote a book, put it up for free, and provided a link for people to donate some bitcoin if they liked it.  It was downloaded several hundreds of times per week, and I never got the slightest donation.  What is, at some point, embarrassing, is that everyone can see this.  They just have to check the bitcoin address, and find out that there has only been one transaction to it (my own, where I tested the link). 
Worse, as people know my name (it's on the book), I didn't realize that they could trace back my initial test donation to several addresses of my wallet.  In fact, me putting up this link made much of my own bitcoin handling visible to all of the world, with my name attached to it (through return addresses and links).

Bitcoin is a privacy nightmare.  Fiat is much better at that.  Only your bank knows.

[robelneo]

anonymous is not necessary for a cryptocurrence, monero can't replace bitcoin even in deep web.

They can co exist,they both have both  strong point,as long as they have a community behind them and people are actually using them,but in terms of adoption I believe Bitcoin has a big edge,because of so many merchants accepting Bitcoin than Monero.

[passwordnow]

I would go for both of them because I know that they will give me good profit in the end. But this is right:

..as long as they have a community behind them and people are actually using them,

But with my majority belief I would go for bitcoin because it's more promising and I'm basing on the interest with most of the people and also the total investment is bitcoin is seemingly higher than Monero.

[obit33]

It's all about fungibility... Money should be fungible: http://monero.stackexchange.com/questions/1967/what-is-fungibility-and-why-does-it-matter

How would you like it, that when you send money to someone from your bankaccount, this person can see how much money is on it, and every transaction that ever happened with it... If they dig deeper, they can see you booked a prostitute 5 weeks ago, that you sent money to some christian church (now they know your religion), that you go shopping at walmart, that you payed a fine for drunk driving 5 years ago etc... Who cares if it's illegal or not, you really want all your 'non-illegal' activities out in the open?

Who on earth would want such a thing, where your whole transaction history is out in the open... Anonimity in cryptocurrencies isn't something to go over lightly, it's essential... no anonimity = no freedom whatsoever... If you want a government with total control, then use a public transparant blockchain...

best regards

[Spoetnik]

Monero is more anonymous than bitcoin, which is only pseudo-anonymous, that is a fact. But do you seriously need more anonymous coin?
It won't be ever pushed to the level of acceptance bitcoin received, not when we are still obliged to follow legal rules and subjugate ourselves to AML/KYC law.
But if you want to use Monero as Dark Market token, yes, it is better than BTC for that purpose.

yup.. and i would say a coin that is future proof for speed is key not privacy.
most users are not paranoid buying drugs on DM's.
Most just want their purchase completed online with out waiting days.
Go look in the BTC section and read the topics about high BTC unconfirmed TX's 90k ?  

If you want the anon coin thing guys then get ready to battle to defend it.
It's really that simple.
You have a war brewing with legal authorities.
Pick what ever side you want but do realize you are entering a battle.

PS:
Nice advertising shit topic by the way.
Sock puppets galore LOL
Reaction from the price getting REKT and BTC shooting up ?

[Spoetnik]

It's all about fungibility... Money should be fungible: http://monero.stackexchange.com/questions/1967/what-is-fungibility-and-why-does-it-matter

How would you like it, that when you send money to someone from your bankaccount, this person can see how much money is on it, and every transaction that ever happened with it... If they dig deeper, they can see you booked a prostitute 5 weeks ago, that you sent money to some christian church (now they know your religion), that you go shopping at walmart, that you payed a fine for drunk driving 5 years ago etc... Who cares if it's illegal or not, you really want all your 'non-illegal' activities out in the open?

Who on earth would want such a thing, where your whole transaction history is out in the open... Anonimity in cryptocurrencies isn't something to go over lightly, it's essential... no anonimity = no freedom whatsoever... If you want a government with total control, then use a public transparant blockchain...

best regards

Ever read a bank statement ?
Which are available if the cops show up..

BTC has mixers etc and FIAT compared to Crypto is not a straight forward comparison.
Most people are fine with AML laws because they know it's intention.
Are you forgetting paper money has a unique number on it ?

The creation of Monero itself is a violation of law by design.. made to circumvent countless laws that exist for a good reason.

[Arvydas77]

Monero (XMR) is very relevant, especially, when you come accross such a cases with Bitcoin:

Danish police first in the world to hunt down criminals using bitcoin:

It seems unlikely that bitcoin is the future of crime after Berlingske reported that the Danish police brought down drug traffickers by tracing bitcoin transactions.

Check all article here:
https://thenextweb.com/eu/2017/02/21/danish-police-hunt-down-criminals-using-bitcoin/#.tnw_tijBrFKZ

[no1dead]

Monero's anonymity feature is much better than bitcoin, but I heard ZCASH has better privacy protection than Monero, is it real? I fully trust Monero will be the great, and compete with bitcoin. XMR is better than litecoin at least.

[dinofelis]

Monero's anonymity feature is much better than bitcoin, but I heard ZCASH has better privacy protection than Monero, is it real? I fully trust Monero will be the great, and compete with bitcoin. XMR is better than litecoin at least.

This has already been said a few times, but the thing is essentially this:

ZCASH has in principle a better anon system, the zero knowledge proofs.  There is absolutely no way, from the block chain, to suspect any user of a note over any other note user concerning a given transaction.  You only know that a transaction is legit, but you don't know with what other transaction in the past it is related at all.

However, the way ZCASH put this into work has a big no-go: it is OPTIONAL.  This means that a note transaction can only come from any other note user, and not from a normal ZCASH user.  Now, the problem with these ZK proofs is that they are very computing intensive, and it can take several minutes on a PC to generate one (while a normal transaction takes milliseconds: it is a bitcoin transaction essentially).  So people only use notes if they have a serious incentive.  When you convert zcash to a note, this IS visible on the chain.  So you can be traced of having turned your zcash into a note.  AFTERWARDS, when you use your notes, this is totally opaque.  But you can be tagged as someone who turned his zcash into notes, and put some effort in doing so.

In monero, things are different.  There is a potential link of every transaction to only a few past transactions (one is the real one, the others are fake links).  In the forward direction, every existing transaction can be fake used in a successive transaction.  So one never knows if a given transaction is actually spent or not, but one can say that it CAME from "one of these" and MIGHT have been spent to "one of those" (or not).  If one has a potential transaction path in monero, this can be verified as a possibility, or not, on the block chain.   Many transaction histories are NOT possible given the monero block chain - which is different with the ZK proofs, where all possible combinations are equally likely (which makes ZK proof superior in principle).  Nevertheless, a few successive transactions on the monero block chain are sufficient to make the number of possibilities grow so large that the propagation of identity information is totally diluted.
What is good in monero is that this scheme is applied to EVERY transaction.  There's no distinction between those wanting anonymity, and those that do not care, and that is essential in any anonymity scheme: you shouldn't stand out as wanting it in a particular case.

ZCASH could have been superior, if the anonymity was compulsory.  As anonymity is optional, ZCASH completely wasted the advantage of its superior cryptographic scheme (probably because in reality it is too computing-intensive).