When it comes to privacy-oriented users, there is no better choice than Monero. Monero is a privacy-focused cryptocurrency that offers users a high level of privacy and anonymity. Unlike Bitcoin, which is a public ledger, Monero uses a technology called ring signatures to hide the sender, receiver, and amount of a transaction. This makes it much more difficult for anyone to trace a transaction back to its origin.
In addition to its privacy features, Monero also offers users a number of other advantages. For example, it has a much faster transaction speed than Bitcoin, which makes it ideal for day-to-day transactions. It also has a much lower transaction fee than Bitcoin, which makes it more affordable for users.
Monero also offers users a higher level of security than Bitcoin. It uses a technology called CryptoNote, which is designed to make it much more difficult for hackers to steal funds. This makes it a much safer choice for users who are concerned about the security of their funds.
Finally, Monero is a much more decentralized cryptocurrency than Bitcoin. This means that it is not controlled by any single entity, which makes it much more resistant to censorship and manipulation. This makes it a much better choice for users who are looking for a more secure and private way to store and transact their funds.
Overall, Monero is a much better choice than Bitcoin for privacy-oriented users. It offers users a high level of privacy and anonymity, a faster transaction speed, a lower transaction fee, and a higher level of security. It is also much more decentralized than Bitcoin, which makes it a much better choice for users who are looking for a more secure and private way to store and transact their funds.
42 thoughts on “How Monero Offers More Privacy than Bitcoin for Users Seeking Anonymity”
What many people get wrong about BTC is that it’s pseudonymous not anonymous.
For real privacy monero is miles ahead, have to agree with op here
How is it controversial? It’s the common consensus here
Monero is one to watch next bull run, privacy is underrated
Privacy coins/tokens will have some hype in the future I think 😉
The developer of monero is spending his life in jail while the ones( banks and government) who ate up the savings of people are free.
Definitely hoping Monero has its day, am considering adding to my little bag as you never know what the future holds.
Monero is better that Zcash thats for sure. Hope Monero will see better days someday
Monero is like Swiss Bank where Black Money can be kept safe with the highest level of client confidentiality in the world.
A portfolio of Bitcoin, Ethereum, Monero is the way
Remember when the FBI set aside a 500K reward for anyone who can crack Monero? Peppridge Farms remembers.
Monero > anything else for privacy
I feel like Monero is like what the original promise of bitcoin was.
Not that bitcoin failed, it just pivoted to store of value because that’s what it does well.
Monero is incredible. BTC is great but Monero is mystifying, intriguing and sexy
Monero gets a lot of love here. I’m gonna have to dig into it deeper. Sounds great but never took the plunge.
Monero don’t do many things ok, but they absolutely excel at one thing – privacy. And it’s the most important one.
Monero is privacy king and IRS worst nightmare.
I can’t imagine where monero will be when people get more into privacy and start to treasure it more. Also when Monero gets to be on many exchanges.
We going to have another wave of forced holders (Jail) as well. Just as BTC went trough.
While yes, Monero is good for privacy.
Bitcoin was not created for privacy, it’s transparent as fuck.
Both hold a bright future in their own right
The title was impeccable, but the post… not so much.
> Monero is THE use case for crypto
I value privacy as well, but crypto has evolved beyond much more than a p2p payment system, so claiming that Monero is THE use case for crypto is fairly simplistic. Monero serves a single purpose and does it very well, but that’s it.
> 1. Monero is more private than Bitcoin. While Bitcoin is pseudonymous, meaning transactions can be traced back to their origin, Monero uses advanced cryptographic techniques to ensure all transactions are private and untraceable. This means that your financial transactions remain confidential, and your balances, transaction history, and personal information are kept hidden from prying eyes
A MoE should be private, because fungibility stems from privacy. But Bitcoin is currently mostly used as a SoV, and you don’t really need privacy for that. Nothing forbids one to store value using Bitcoin and then swapping to other coins, Monero or else, when they need to spend their wealth.
>2. Monero has a more decentralized mining process than Bitcoin. This means that Monero is more resistant to mining centralization and 51% attacks, which are potential security risks in Bitcoin.
While the first sentence is true, it is far more expensive to attack Bitcoin than Monero or any other crypto as of now.
>3. Monero is more accessible to the average person. Unlike Bitcoin, which requires expensive ASICs to mine effectively, Monero’s mining algorithm is optimized for CPU mining. This creates a more equitable distribution of mining rewards, and it makes mining more accessible to everyone.
Mining Monero is highly inefficient due to botnet mining. Not only you cannot get significant amounts of Monero using average hardware, but unless your electricity is very cheap, you will also be paying a huge premium on it. And if you want to buy some Monero, then you will find out that it is far less accessible than Bitcoin to the average person, since it is traded on less exchanges and has notoriously little liquidity.
>4. Monero has a dynamic block size. This means that its block size adjusts according to network demand, ensuring that the network can handle more transactions during times of high traffic without experiencing delays or congestion.
Some argue that blockspace scarcity is one of the forces that drive Bitcoin price up. Anyway, the Lightning Network is already widely used to transact smaller BTC amounts almost instantly and with negligible fees. Not only that, Bitcoin can scale with the aid of ZK rollup, if need be (such solutions do not exist yet because they aren’t that sorely needed).
>5. Monero has a strong community and active development team. The development team is committed to maintaining the privacy and security of Monero, and they regularly release updates and improvements to the network.
Not to shit on Monero’s community and devs, but… so does Bitcoin?
Don’t get me wrong, I like Monero and I fully understand and agree with its philosophy. I am no Bitcoin maxi and I actually believe that Bitcoin design might have some critical flaws… But none of these points indicate that Monero is “better” than Bitcoin tout-court.
Monero is pants down the best privacy coin. Nothing comes close. Monero has a long and bright future in cryptocurrency.
Monero is the OG when it comes to privacy tbh. No doubting that and anyone who disagrees needs a reality check.
You can replace BTC with any other coin and this post will still be true. XMR is true privacy
We should all mine XMR with our cpu in the background if we care about decentralization. Make our small contribution even if it is not profitable. And preferably by using P2Pool
Read the title and now I’m gonna go all in XMR
There are interesting similarities between the white paper of Bitcoin and the white paper of Monero. Same with the logic of the coding. Some posit [that whoever designed Bitcoin created Monero shortly thereafter](https://bitcoinist.com/bitcoin-creator-also-founded-monero-new-research-suggests/amp/) as an improvement upon the original per se
So I’m interested, but where can I get Monero? I use Coinbase mostly, and they don’t support it.
Where do l purchase Monero ?
It’s amazing how many don’t like Monero because it’s anonymous and they think the government will “ban” it. Thinking that’s possible shows they don’t have much understanding of crypto, but even still that should be the *primary* reason people choose Monero. Even the government is saying they are actually providing something, unlike a lot of other coins.
The very fact Monero doesn’t get as much attraction goes to show how much of the community just play crypto as a greater fool game than a serious alternative monetary system. Monero can never be a better vehicle for a greater fool game theory than BTC because institutions are scared in putting money in and the better the liquidity, the more “fools” want to buy.
Monero is a powerful resource for sure.
I’m surprised that more people aren’t too concerned with privacy with their crypto yet
its gotta be something we’ll all lean more towards in the not too distant future
just wish I was able to dca into xmr
I had already planned on mining XMR after my next payout. Seems like a solid alt. I appreciate your post. I haven’t done much research yet.
All I know is fuck CBDC
Moneros ACTUAL WORKING usecase is sooo slept on right now it’s ridiculous this should be easily top 5
***holds monero in a CEX***
*task failed succesfully*
It’s only controversial to people who don’t get it yet.
I’m using monero so nobody can peek to my 100 usd worth of wealth.
Is there a way to cash out monero without revealing your identity?
Monero actually does what the general public thinks Bitcoin can do.
Monero is truer to bitcoins vision and mission than bitcoin