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82 votes

What advantages does Monero offer that are not provided by other cryptocurrencies?

It is the only private cryptocurrency in use today which is truly fungible as all transactions are private and created equal. It satisfies the 3 important properties of electronic cash: decentralized,...
  • 19.8k
10 votes

What advantages does Monero offer that are not provided by other cryptocurrencies?

Advantages of CryptoNote coins Common to all Bytecoin derived coins Monero transactions are untraceable and un-linkable by default. Meaning that there is ambiguity of where the monero came from and ...
8 votes
Accepted

Are atomic swaps possible between Monero and other altcoins or Bitcoin?

Seems like there could be a neat novel way to do it, according to MimbleWimble mailing list post by A. Poelstra. Note that the s' values need to be re-communicated every time the transaction changes (...
  • 19.8k
7 votes
Accepted

How private is this transaction sequence?

If "someone" doesn't have access to any of the services, there's no way he can tell that the final TX is connected to you. If "someone" had access to only ShapeShift data, he'd know to which Monero ...
  • 19.8k
7 votes
Accepted

Does having a separated daemon add security risks to Monero?

The disconnected architecture that Monero employs allows you to host the daemon and wallet separately. My own opinion is that this is an improvement over the bundled design of Bitcoin-QT. If you ...
  • 2,471
6 votes
Accepted

Is xmr.to fast enough for 15 minute time window on bitpay.com?

To add to expez's answer, BitPay should already stop the 15 minute countdown once it's found the broadcasted Bitcoin transaction. To my knowledge some services that use BitPay require confirmation(s)...
  • 116
5 votes

Is xmr.to fast enough for 15 minute time window on bitpay.com?

IIRC xmr.to scans the memory pool, so they can send the transaction ASAP, without waiting for a block to be mined, so they're not going to be the bottleneck here. That being said, remember that ...
  • 1,386
5 votes

Can xmr.to work without javascript?

The frontend has been updated recently and does not redirect to the no-javascript version automatically if you have javascript disabled. This is clearly a mistake and should be fixed soon. For the ...
3 votes

List of things that were proposed and rejected for bitcoin but implemented in Monero

I don't have an exhaustive list to hand for you, but a few things that spring to mind: "one-CPU-one-vote" (Satoshi), Confidential Transactions (Maxwell), privacy (many aspects proposed by ...
  • 17.6k
3 votes

Is there any evidence of Bitcoin being "Tainted"?

2021 Edit: The following website has significantly more examples: https://blog.sethforprivacy.com/posts/fungibility-graveyard/ Old answer below: A few examples of Tainted/Clean Bitcoins come to mind: ...
3 votes

How private is this transaction sequence?

When you send BTC to shapeshift, shapeshift can see your Bitcoin wallet address. If shapeshift were to get hacked, and if shapeshift keeps records, then this means the XMR outputs that shapeshift ...
  • 8,418
3 votes

Is "Two-phase Proof of Work" suitable for Monero?

The question to ask isn't 'Can this be done?' but rather 'Is this something we can benefit from?'. Since you did ask explicitly if it was possible, I'll address that first: Yes, it's absolutely ...
  • 1,386
3 votes

Does having a separated daemon add security risks to Monero?

As others have stated, having a separate blockchain daemon and wallet application is a strategic design decision. Here's a comment from Wladimir J. van der Laan, Bitcoin Core Maintainer: To name an ...
2 votes

Does having a separated daemon add security risks to Monero?

Having a node/wallet system adds some small measure of risk, while removing a high measure of risk. On balance, the separated system is more secure than a monolithic system. If you consider the ...
  • 34.6k
2 votes

Does having a separated daemon add security risks to Monero?

If your system is compromised and you have malware on it, your funds can always be stolen. No matter if you have one application or several, your private keys are always stored on your hard drive and ...
  • 2,552
2 votes
Accepted

Started back after completion

Monero's initial sync of a full node takes up to few days depending on your internet connectivity and also your hardware, which has to verify all synced blocks. When you loose your internet ...
  • 2,552
2 votes
Accepted

Potential mistake in trying to secretly transfer from one bitcoin wallet to another via monero - Theoretical

Due to fees it would never be the exact same amount, but in theory it could arise suspicion. Also, nothing stopping you from splitting the amount into multiple transfers at exit.
  • 19.8k
2 votes

Monero to Bitcoin transaction XMR.TO

XMR.to has slightly lower exchange rates (usally around 1%) than the big exchanges, but even for small payments they cover all Bitcoin onchain transaction fees and their transactions usually will be ...
  • 2,552
2 votes
Accepted

Can one reduce the monero pruned blockchain further below 25gb?

Technically, it is possible to decrease the size further. However, there are diminishing returns, pros and cons of futher pruning (currently, a pruned node can still serve some of the blockchain, by ...
  • 34.6k
2 votes

Can the Trezor Model T wallet store both Monero and Bitcoin at the same time?

You can safely use and store Bitcoin and Monero simultaneously with your Trezor model T device. If I try to install the Monero GUI using the 'Create a new wallet from hardware' option, will that ...
  • 14.9k
2 votes
Accepted

Tutorial on how to make a trade on the Bisq Decentralized Exchange using Monero to Bitcoin?

Check out this guide to understand how it all works. BTW: Not only has the computer to be turned on, but the trader also has to be online
  • 812
1 vote

How many new Monero are mined every day?

At time of writing, emission (new Monero) is 1.085279 per block. Block target time is 120 seconds, so that's an approximate 781 XMR per day (1.085279 * 720), which is constantly decreasing until it ...
  • 17.6k
1 vote

Bitcoin Fog account to Monero wallet

Various scammers have operated under the name "Bitcoin Fog" (and many domains) for years. They most likely stole your money: https://www.reddit.com/r/BitcoinFog/ Generally speaking, there should not ...
1 vote

Is using a remote node more private than using Electrum on Tails

When using Tails (so Tor for your internet traffic) it is "safer", from an IP tracking perspective, than using clearnet. From an IP tracking perspective there is really no difference in safety between ...
  • 17.6k
1 vote
Accepted

Did the Silk Road coins of 110,000 Bitcoins actually moved into Monero XMR during 2018 Sept?

This did not happen. The FBI confiscated the BTC and later sold it to Tim Draper. Here is the source: https://www.coindesk.com/tim-draper-revealed-silk-road-bitcoin-auction-winner
  • 812
1 vote
Accepted

Are there Monero developers who also contribute to the development of Bitcoin?

There are no contributors of my knowledge in both Bitcoin and Monero. However Monero has adopted many ideas from Bitcoin which have never been implemented there mostly due to politics around (hard) ...
  • 2,552
1 vote
Accepted

Is deanonymisation via propagation analysis possible for Monero?

Yes, the same idea applies to Monero, as it uses a very similar network system.
  • 34.6k
1 vote

Which multi currency/token wallet exist for ETH, BTC and XMR?

Ledger will likely be the first. They seem to have set up most of under-the-hood stuff, and now it's polishing, review and testing I suppose. Anyways, they're kind enough to give regular updates on ...
  • 19.8k
1 vote

Which multi currency/token wallet exist for ETH, BTC and XMR?

Patients, hold on to your horses... I wish I could have my cake and eat it to. Until Monero hard forks, occurring roughly semiannually, slow down or until very strong software interfaces exist few ...
  • 1,566
1 vote
Accepted

Coming from bitcoin, are there change address with monero?

No. Well, kind of. There will be a "change output" but it's not your address. In fact, Monero address works as an instruction to create many unique one-time public keys which actually holds the funds....
  • 19.8k

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