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RE: Study On Dark Web Cryptocurrency Acceptance | Litecoin (LTC) Is More Accepted Than Monero (XMR) - For Now
What I wish I could understand is, how to compare all the "privacy"-type crypto out there. Is Verge better than Monero? Is Monero "better" than DASH. Or we are deluding ourselves to think that we can have privacy and anonymity against a group that is actively targeting your transactions.
Lets start with the comparisons. I don't think anyone really knows, but I think the Dark Web will pave the way to tell us by what they offer to their customers. Its their job to know or they lose business. Thats why I follow Dark Web news.
I ran into this same problem and to be honest, it's so complex that it's hard to wrap your mind around all of it. I also don't know all the details on some of the smaller privacy coins.
But what I can tell you that it makes a huge difference if a privacy coin is always private or optionally private. Dash, for example, has privacy as an option. Currently nobody uses this feature really. So when you send your private Dash transaction, there are very few other transactions to scramble it with, making it a lot easier to decode.
I've found that Monero is the one that is truly the most private. They go all-out in this regard, they are even working on ways to shield IP addresses and make it impossible to detect you are even using the Monero software. They have some serious features, but their strongest point is that they are 100% privacy centered from the ground up and take zero compromises. Every transaction is scrambled all the time, and even when you are not using your funds, they are constantly used to scramble other people's transactions. It's such a giant, huge, frigging mess of a tangle that is truly impossible to figure out. Everything gets scrambled, all the time, even funds that aren't being transacted!
Lastly there is the network effect. I do think this has brought some of the best devs to Monero too. Perhaps there is a brilliant mind among the newer privacy coins too, but it is yet to be seen if they can reach the position Monero has. It's in a way akin to Litecoin trying to take on Bitcoin.
You should look at the Monero subreddits. It's super weird how civilized and serious it's there compared to other crypto subreddits.
Thanks for the great explanation! Great points.