this post was submitted on 13 May 2024
13 points (78.3% liked)
Monero
1663 readers
30 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.