this post was submitted on 02 May 2025
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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BCH is not a copy of Bitcoin. BCH is Bitcoin. BTC is a fake which diverged from the original vision of e-cash into a banker pump toy.
Bitcoin Cash also has a dynamic block size. Monero's dynamic blocks failed during the last spam attack and proved ineffective.
Yes for now exchanging BCH for XMR is a good way to obtain strong privacy. In the future this may not be needed as privacy on BCH is developed.
Bitcoin Cash has already made EVM obsolete with advanced smart contracts. As ETH implodes the migration to BCH will be evident. THe same thing will happen for privacy.
Monero's dynamic block size did not fail! There was a slight error in the wallet implementations. The wallets were always choosing the lowest possible fee, even as the mempool filled up. After the fix they now start to choose a slightly higher TX fee when the mempool gets filled, which let's the blocks expand much quicker.
Still, it highlighted Monero's inability to scale. The TX pool was large and cause issues with the whole network. Nodes were having problems syncing, and the attack was not even that big.