With Bitcoin or Ethereum, once you have transacted anything with your wallet, the person you transacted with can look at your wallet, see how much is in there, see how much you're spending, see which wallet it's going to, [and] see how much you've received.
If your bank provided that information to anybody who wanted it, would you be happy with your bank? I don't think so.
With privacy coins—and I keep saying Monero was the first and I still think the best, certainly the one used the most on the dark web . . . — nobody can see anything.
You can give them your wallet and they can see jack shit about what's in yours. They don't know who you are or where you came from. People looking at it don't know what you bought, who you bought it from, or what you sold or who you sold it to.
2019-01-07 | Full Review