this post was submitted on 02 May 2025

-3 points (33.3% liked)

Monero

1904 readers

11 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 2 years ago

MODERATORS

admin@monero.town

-3

How BCH Will Make Monero Obsolete - The Bitcoin Cash Podcast (odysee.com)

submitted 1 week ago by CashDragon@realbitcoin.cash to c/monero@monero.town

22 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] ReversalHatchery@beehaw.org 1 points 1 week ago (1 children)

No, it is privacy by default. You lock your BCH and mint the privacy token then all your activities are private from that point.

aaand since using the privacy token is optional, from the point I'm making qnd using it I'm suspicious.

it is only private by default if you wouldn't need to convert/wrap/whatever BCH itself. those doing the conversion will stick out

This is the same as taking your fiat or another coin and buying Monero, after which your activities are private. So the same suspicion exists when you go from a non-private asset to a private one.

maybe I misunderstood something, but it sounded like you need to unlock the BCH to sendbit to someone. is that wrong?

[–] CashDragon@realbitcoin.cash 1 points 1 week ago

Well it is a bit too early to know exactly how it would work in detail.

The gist is that you could buy BCH then lock it in a contract and mint the private token then use that in a private fashion. So if you spend it with someone then you would lose control over the BCH you locked up and that person who now holds the private token can unlock the BCH and burn the token or just keep the token.