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

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Welcome. It's never the wrong time to start using the right currencies. BTC is infinitely better than Fiat. But for my needs, Monero is what I always hoped Bitcoin would be. Shortly after learning about Monero, digging into a bit and testing it out, I realized it was what I'd been looking for in a digital currency all along. I will always respect BTC for bringing cryptocurrency into the mainstream, and it definitely still has its place. But I've come to believe XMR is truly where it's at.

I think the realizations that you came to and shared here in your post is similar to the ones many more will come to in the future which is why I believe increased use and adoption moving forward is inevitable.