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     7 years ago 

    Glad you're on DTube now!

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       7 years ago 

      Disclaimer: I didn't invest in XVG nor XMR.

      Privacy coins in general

      In my opinion, privacy coins are becoming more and more important. Bitcoin isn't as private as many ppl think. Tax inspectors, for example, can relatively easy check whether you have paid taxes or not. But there are also other reasons for transactions not to be traceable. I'm not talking about illegal "silk road" transactions, even if they are also a use case. I'm talking about visits to the hospital or a sex shop. Would you like to have these transactions in your wallet, to which everyone has access? Probably not. However, privacy coins also have great risks. Just two of the use cases listed above are illegal. There are also things like AML or similar. Governments will surely sooner or later try to shut down these coins. Whether or not they will be successful, but it will certainly not shed light on these coins.

      XMR vs. XVG

      I do see XMR ahead of XVG. Verge is in currently in mind of everyone because of it's huge huge rise. But it seems to stabilize at around 2.5 mln USD. Monero is way longer under the top cryptos and has real use cases. Yes a lot in the darknet, but also for music albums from G-Eazy, Miariah and more. I don't see Verge as a shitcoin either, otherwise it wouldn't have huge supporters and a really good field of use. As you realised I didn't talked about the tech behind the coins, because first I don't know enough about it and secondly I don't think they aren't as important as many of you believe they are. The real users of these private coins probably don't even have a clue about blockchain. So what's important for these coins are, that they keep what they promise, to be private. The user don't care if they use ring signatures or the wraith protocol.

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         7 years ago 

        verge going to be a good one, people saying they dont like it though for some reason

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           7 years ago 

          As you said in the video a light wallet doesn't have to download the entire blockchain to participate in the network.
          This is also possible with the Monero-Wallet, there it is called a remote node. For more information see the official how-to on their website.

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