NEW EPISODE!!! Dispelling Monero FUD | @sethforprivacy Well Worth A Watch!!! More Episodes In The Coming Weeks 🔥🔥 We're Back Baby!!! youtube.com/watch?v=vW9H6V…
here is a summary by our Youtube Aggregator, in case you can’t spare time to listen to it: He explains that although Monero has no hard cap like Bitcoin, it has a defined supply currently in a tail emission period to provide security against certain attacks. The Monero supply can be audited through cryptographic proofs, such as range proofs. Monero undergoes frequent hard forks to implement upgrades, improve transaction privacy, and decentralize mining. Monero supporters argue against claims that it cannot scale and will be banned by governments as oversimplified and flawed. Monero provides privacy by default, without the need for additional transactions, coin control, or specific tools, whereas achieving privacy in Bitcoin involves multiple transactions and specific tools. The Lightning Network presents a potential solution to privacy concerns in Bitcoin, but currently, it lacks privacy compared to Monero. The article discusses the differences between Monero and Bitcoin in terms of privacy and decentralization. Monero offers larger anonymity sets and better plausible deniability, while Bitcoin has greater security through energy usage. However, Bitcoin mining is more centralized and regulated, making it vulnerable to government interference, while Monero is mined by commodity hardware and more difficult to regulate. The speaker emphasizes the importance of using the right wallets and actions to maintain privacy and highlights Monero's reliability for buying and selling, with its ability to make private transactions. The low liquidity and market cap of Monero is not seen as a problem for those seeking freedom through the tool. The article ends with the suggestion of another future discussion.
@MoneroMag @hundehausen @sethforprivacy Thank you for this always looking to learn more