21 sats \ 1 reply \ @yo2xncv0 22 Sep 2023 \ parent \ on: I think that Simple Swaps BTC->XMR->BTC are better than mixing. Change my mind bitcoin
What good is a large crowd if anyone can observe who interacts with who and how much amounts were transfered? 99% of users don't even use Bitcoin in any "privacy" preserving manner.
You don't have to be THE biggest to have a good anon set. Cash anon set is bigger than Bitcoin. Dump Bitcoin? Of course not.
Monero amounts and receivers are completely hidden and don't appear on the blockchain. There is no transaction graph unlike Bitcoin. Even with btc coinjoins there is a transaction graph with all range of amounts are visible.
Monero transaction:
~6% Alice sent $[?] to [?]
Bitcoin transaction:
100% Alice sent $X to Bob
-Monero is the currency of choice for Freenet Markets
-It is the most popular currency on Bisq. The most popular decentralized software to attain KYC free Bitcoin. Even larger than any fiat currency.
-It is also often the most popular (or just behind) for privacy-oriented white market services and businesses like Mullvad, IVPN, Coincards, Silentlink, etc
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