Are Mimblewimble coins better than Monero?

[Abiky]

It's been a long time since we don't hear about innovations regarding privacy-centric cryptocurrencies. Developers are launching tokens built on existing blockchain networks, while others are building new cryptocurrencies that are transparent-by-design (just like how Bitcoin and Ethereum are today). Privacy tech is still being improved, in order to provide people with an "escape route" from totalitarian surveillance systems. We now have Zero-Knowledge Proofs, Mimblewimble, and even RingCT + Confidential Transactions. Some people say Mimblewimble coins have stronger privacy than Monero, while others say all of the contrary.

To my knowledge, there hasn't been a comparison between various privacy techniques in order to determine which is most anonymous. So is Monero better than Mimblewimble coins or am I comparing apples vs oranges? Any clarification on this would be greatly appreciated. Thanks in advance.

[Abiky]

BUMP

[Tytanowy Janusz]

Some people say Mimblewimble coins have stronger privacy than Monero, while others say all of the contrary.

As long as i know it does not matter. Monero privacy is high enough that it was not cracked for 8 years. And its not like no one was trying:

Leaked FBI Docs Show Their Frustration With Monero

IRS Will Pay Up To $625,000 If You Can Crack Monero

Yes, Monero Was Attacked: But It Was Not "Broken"

So does it matter that top300 CMC coin has slightly better privacy or not if Monero privacy is already tested in battlefield, not broken for 8 years and its price is far more stable because its much bigger (not only marketcap but also volume/liquidity).

[Abiky]

As long as i know it does not matter. Monero privacy is high enough that it was not cracked for 8 years. And its not like no one was trying:

Leaked FBI Docs Show Their Frustration With Monero

IRS Will Pay Up To $625,000 If You Can Crack Monero

Yes, Monero Was Attacked: But It Was Not "Broken"

So does it matter that top300 CMC coin has slightly better privacy or not if Monero privacy is already tested in battlefield, not broken for 8 years and its price is far more stable because its much bigger (not only marketcap but also volume/liquidity).

What can you tell about the following site (https://monero-badcaca.net) which claims to have "broken" Monero's privacy? If the claims are true, then Monero would not be a privacy coin you can trust for sensitive transactions. I'm beginning to question whenever other privacy/anonymization techniques are as strong as they claim to be. Of course, nothing is perfect. It would be up to developers to constantly devise new methods in order to strengthen privacy as much as possible.

As far as Mimblewimble coins are concerned, I'd say they're not very user-friendly. It takes some level of technical knowledge to be able to understand how to use them properly for day-to-day payments. I guess that's why privacy coins of this type haven't got much traction on the market. Considering that Monero is still the leading privacy coin on the market, investing in it for the long-term would be a no-brainer (assuming developers continue to strengthen the underlying privacy mechanism over time). Who knows how far it'll go in terms of mainstream adoption? Just my opinion

[lornadane]

It's been a few years that people still hold Monero and choose Monero because they believe that Monero is stronger and more reliable so far.
So when there are new ones to overtake Monero, of course it is very unlikely even though for them Mimblewimble coins are stronger but for me apples are still apples and will never turn into oranges.
And the comparison of the two of them is also very much different.

[killerfrost]

There is no specific distinction between the two.
But recently, I have realized how important the role of anonymous transactions is when sanctions on economic and financial control are targeted at Russia, the source of money in circulation is having problems.
And that could be an issue where coins built for the sake of anonymity are gaining traction.

[bussybuddy]

Historically, Monero remains the highest-cap decentralized cryptocurrency of all privacy coins.
In terms of potential, Mimblewimble has always been a huge step forward in the protection of anonymity and privacy, which most other cryptocurrencies are supposed to be created for. Because it is trace-free and has a difficult validation process, it is much easier for anyone to adopt the Mimblewimble protocol model than with some other current blockchain systems.

[Moeda]

To my knowledge, there hasn't been a comparison between various privacy techniques in order to determine which is most anonymous. So is Monero better than Mimblewimble coins or am I comparing apples vs oranges? Any clarification on this would be greatly appreciated. Thanks in advance.

If we look at the blockchain system, Monero is superior to MWC. Although the number of Monero coins does not have a maximum limit the number of circulation is almost equivalent to MWC.
If we look at the fee basis, Monero is much lower than MWC. 0.02 MWC with 0.00051 XMR is a huge comparison. It's just that at this time the price of MWC is low, if the price is equivalent to ETH, of course people will think again to make transactions.

[GEMIN_M4]

Mimblewimble coin is a good privacy coin and at the time of launch I overlooked the project instead of mining some since it supports proof of work algorithm just like Monero now I regretted my decision, I'm not trying to figure out which is better than the other but Mimblewimble coin isn't small either, the small max supply is a plus for a privacy coin as well.

[fzkto]

I don't know which is better - MW or Monero, probably Monero because they are more popular and already exist, however MW coins, in particular Beam is also a good project, which is successfully developing and has a lot of good developments. I heard they are collaborating with LTC to help Litecoin become private. Generally now the trend to anonymous coins can really start.

[FrozenBit]

I don't know which is better - MW or Monero, probably Monero because they are more popular and already exist, however MW coins, in particular Beam is also a good project, which is successfully developing and has a lot of good developments. I heard they are collaborating with LTC to help Litecoin become private. Generally now the trend to anonymous coins can really start.

This trend is always concerning when the market has big liquidity problems. Concern about information security on transactions will soon become a trend in this market. I still like Monero because of its popularity, but personally, given how strongly both BEAM and GRIN compete, it's always been one of the most exciting fields for me to be honest.

[tsaroz]

Mimblewimble ups the privacy game but in no way we could call monero inferior to it. Many coins including Monero has talked of implementing mimblewimble but it's not just the advanced technology that provides privacy and trust. Monero is famous and working for what it is. There are a number of mimblewimble coins that are still struggling to get attention. Almost all of the new coins are superior to bitcoin technologically but are no competition to it. Comparing monero the king of privacy coin with any other is a similar stance.

[makishart]

In my opinion if monero is still far better compared with the mimble wimble coins. Monero has proven its tech can't be traced even FBI and regulators have been trying to do that. This is different when you are making a comparison with mimble wimble coin which has not yet proven its reliability to be traced by the regulators. It shows that how strong monero is.
So many mimble wimble was also going down while monero is still quite steadily even with so many new trends that was keep coming to the crypto market.
This is showing how good monero coin is compared with the mimble wimble coin.

[ultrloa]

Monero still much better to that coin we see the volume of mimblewimble coin is low compare to monero and if we talk about trust score we can say that the old one is much preferred by majority, also mimblewimble sounds strange to me which I think I can trust if we talk about holding it. As well list of exchange where it listed is quite questionable so I guess I can still say Monero is best privacy coin exist so far.

[Abiky]

Mimblewimble ups the privacy game but in no way we could call monero inferior to it. Many coins including Monero has talked of implementing mimblewimble but it's not just the advanced technology that provides privacy and trust. Monero is famous and working for what it is. There are a number of mimblewimble coins that are still struggling to get attention. Almost all of the new coins are superior to bitcoin technologically but are no competition to it. Comparing monero the king of privacy coin with any other is a similar stance.

It seems to me that the "new" privacy technique (Mimblewimble) is completely different from what Monero uses today. Comparing both Mimblewimble coins vs Monero is like comparing apples vs oranges. Each has their own strengths and weaknesses. Depending on your needs, will be the type of cryptocurrency to use for day-to-day payments.

As much as I've used Mimblewimble coins like Grin and BEAM, they're not as user-friendly as Monero is (in some sense). Especially Grin, which is extremely difficult to use for newcomers getting into the world of privacy-oriented cryptocurrency transactions. I don't think Monero will lose its position as the "King of Privacy Coins" because of its first-mover advantage on the market. I'm fine with that as long as people can choose from one privacy coin to another. As long as privacy exists in crypto land, nothing else matters. Just my thoughts