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I was always wondering, if Monero has such a unique use case, isn’t it possible to just implement it with bitcoin. Like all these mixers and coin joins, why to have your own token? Well, You can even have it “under the hood” if you like, something similar to LBTC. Kinda not bitcoin, but still :) I hope you get my point:)
Not sure I understand, but unfortunately bitcoin devs don't push for (or really desire) privacy on the base layer. Hence it has to be pushed to 2nd layers. That's a key difference between the two.
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0 sats \ 2 replies \ @guts 6 Feb
No, monero has privacy and anonymity in layer 1
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I’m not really familiar with it, but for example - if I buy it on kyc exchange and then send it to you, can you track it back to the exchange?
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24 sats \ 0 replies \ @guts 6 Feb
No, if you buy Monero on a KYC exchange and then send it to me, I cannot track it back to the exchange. However, the exchange itself may still have records of your purchase.
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