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A Cypherpunk Manifesto | Crypto Anarchist Series | Episode 2 (WiM299)
The "What is Money?" Show
How to Deal With the Monero Counter Argument in Bitcoin
In order to make a Bitcoin transaction, you need to reference when exactly did you receive the coin that you're spending? And and you also reference how much money did you receive in the past. So if you do not want to reveal this information, Bitcoin cannot work for you. Monero takes a different approach. It uses ring signatures, which basically means instead of saying, hey, this is the one coin that I'm saying spending, you say, it'll appear 50 coins.
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