Damus
Ava profile picture
Ava
@Ava
i trust myself to use #btc privately but it's not easy, everything must be done just right. most people buy kyc coin from exchanges, use it on-chain in a non-private way and shoot themselves in the foot, exposing themselves and their finances on a permanent record (the blockchain).

bitcoin is awesome but the way most people use it is not "freedom money" or "private". it needs a 2nd layer to be more fungible and private.

tbh it's disturbing how many people hear these buzzwords and get into bitcoin in a non-privacy preserving way. they have no idea how much chain analysis heuristics can reveal about you and your finances.

fiat would would not only be more private, but less dangerous the way most people use #btc.

monero on the other hand is privacy at a protocol level. you get the same privacy guarantees no matter which wallet you use. i recommend most people use monero.

i love bitcoin, and i highly encourage people to study it and learn how to stack it and use it in a private way, but the truth is, it's a privacy nightmare by default.

just ask the canadian "freedom convoy".

#cybersecgirl #privacytechpro #bitcoin #monero #privacy
136❀️10πŸ€™7πŸš€3πŸ’―2β™₯️1🀘1
Powermeat · 107w
nostr:nevent1qqsrsrkyjdr7tnr9fgylqrp406wv8ru3ngwjy46096cp6klljxccsfgpp4mhxue69uhkummn9ekx7mqzyqfykglj7e64gq420q2trpwv6yrxl0c0nc4hu43ks0rc8kczg4v5wqcyqqqqqqgtad72p
Catty_McCatface · 107w
I really like Monero for this reason - thanks for posting about the benefits here πŸ™πŸ½
I am Einherjer, a Nomadic Norse! Never flinch, never surrender! · 107w
#Bitcoin is the Trojan horse, #Monero is the load of freedom fighters!! Done right, that is…..
Deleted · 107w
Bitcoin privacy is getting easier and easier. We have great tools and with AtomicSwaps we have opened another dimension
Erik · 107w
Monero isn't a magic bullet, many people burned themselves by misusing it. It's you job to make sure it won't happen. Saying that Monero is better because it supposedly has easier privacy tells more about yourself than Bitcoin.
MoonshineZapDude · 107w
it's a shame Satoshi's plans to add more privacy to the bitcoin protocol never happened
Priv · 76w
I am Brazilian. I used 4 exchanges, one in Brazil, other in HK and 2 in US. I also keep BTC in an online wallet provider. In 2023 our tax authority found my BTCs held with the exchange and than proceeded to request info from one of the US-based exchanges under OCDE. They taxed me heavily. I’m in X...