22
submitted 1 year ago by LosTim@monero.town to c/monero@monero.town

I was really kind of surprised to learn how traceable BTC is. I knew the transactions were public but it was some videos I saw about Monero that really drilled in what the implications of that are in a world where the IRS is sniffing around exchanges and the FBI browsing the Blockchain.

So now I'm wondering why people even care about Bitcoin if the one feature it needs to have in order to be a currency that stands outside of institutional and government control.

And frankly I feel kind of duped because the Bitcoin gospel is so tied up with how private and subversive it is.

Anyways I'm here to learn.

you are viewing a single comment's thread
view the rest of the comments
[-] LosTim@monero.town 1 points 1 year ago

Do you see BTC as having a place in the future as some kind of reserve currency or perhaps something used to settle larger transactions between larger institutions?

[-] mister_monster@monero.town 1 points 1 year ago

Within the context of energy, yes. More broadly speaking I don't know.

this post was submitted on 27 Jul 2023
22 points (100.0% liked)

Monero

1544 readers
22 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS