Questions about Monero

Hi! I'm relatively new to DNM's and DN traffic, and learning about alt-coins. I've been reading a bit about Monero, and it being more safe than Bitcoin. Is this true? Is there a major difference, and what're the advantages of one over another? Thanks for your help.


Comments


[3 Points] OpOnymousSurvivor:

its not any safer than BTC and only AB accepts it as payment, not all vendors do though, most do not. it may be safer in that the value may not tank overnight as BTC has done in the past, but as far as personal security, it is easier to take XMR than it is to take BTC if the person isnt smart

i used XMR as an investment. you need to buy BTC and convert them to monero anyway. when i bought in they were around $6, ive seen them hit over $15, now they're around $12, its just fun to throw extra cash into something like this and hope for the best. i had great luck with BTC


[5 Points] None:

It really depends on what you mean about safety. Will using one over the other prevent you from landing in jail? As a buyer probably not but there's other things to be worried about, if you buy from an exchange in your name then Monero will be a quick and easy solution to clean your coins without relying on a tumbling service.

We've seen the articles about chain analysis and this tech is only getting bigger and better. One thing Monero does much better is obscuring the blockchain. If having your transactions visible to the public is a problem for you then Monero is the way to go.

IMO Monero to is much safer. No public chain for everyone to analyze means all past transaction remain private going into the future.

It has it's issues. Multisig and others are being worked on and coming about. Whether or not Monero is safer for you will depend on your situation, do your research and check it out :)

Also you don't even need to be concerned about privacy to like Monero. It's just a better crypto in the end.


[3 Points] Amanda-Binds:

Monero sounds like a sexy name for a car.


[2 Points] cidilicious:

/r/Monero


[2 Points] None:

Cue the shills


[1 Points] cidilicious:

/u/murderhomelesspeople