News for hackers. Stuff that matters.

A comment on Xmr.to shuts down Monero exchange service. Parent comment

Re:Xmr.to shuts down Monero exchange service by john_alan on Tuesday February 23, 2021 @04:56PM (#26243425)
This type of lack of understanding is rife. Makes me quite bullish on Monero when people realise how little privacy Bitcoin and crappy forks provide. Might see a signal type movement to Monero.
[ Parent | on HN ]
Re:Xmr.to shuts down Monero exchange service by heavyset_go on Tuesday February 23, 2021 @05:06PM (#26243550)
I don't think that irrational retail investors understand, or care to understand, Bitcoin or Monero implementation details. Bitcoin's valuation has little to do with its technical merits. It's all just internet money to most people.
[ Parent | on HN ]
Re:Xmr.to shuts down Monero exchange service by john_alan on Tuesday February 23, 2021 @05:18PM (#26243688)
Yea I agree right now.

But even showing a few newbie friends how I could see their balance and transactions after they sent me BTC or shared their address with me, baffled them, they couldn’t believe it.

People will start to care as they become extorted, or embarrassed. Privacy is a fundamental requirement of good money.

I think people will learn this over time and gravitate towards a better money for the internet.

[ Parent | on HN ]