this post was submitted on 13 May 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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This is great, I hope they add confidential transactions and stealth addresses as well. We need as many big and popular privacy currencies as possible!
I disagree. add privacy to existing popular currencies is good (like LTC added MW) but making new ones, not so much. otherwise the anonymity set among the community becomes much more fragmented for individual currencies
LTC is a privacy coin now?!?
It's MWEB
Their wallet had a built in mixer, the transactions were super quick, bch was a good coin overall when i used it last time
It makes the privacy coin ecosystem more decentralized and unstoppable. If we have a DEX where they can all be easily swapped instantly then they become interchangeable.
If we have a whole bunch of private coins with roughly the same amount of users each then attacking one or two of them makes no sense because people will just hop over to another one.
For what?