Techlore Talks Here's Why Monero is So Powerful w/ Seth For Privacy
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Mar 15, 2023 Seth For Privacy, host of Opt Out, discusses Monero's power, privacy, and more. They explore why Monero is favored, its economic benefits, drawbacks, and how to get started with it. Seth shares his journey into privacy, starting a blog and podcast. Overall, an insightful conversation on personal privacy and the advantages of decentralized systems.
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Monero Sparked A Broader Privacy Journey
- Monero acted as Seth's entry point into a broader personal privacy journey beyond cryptocurrencies.
- He views Monero as one important privacy tool within a larger toolkit for personal privacy.
Privacy By Default Beats Optional Complexity
- Monero provides strong financial privacy by default, similar to how Signal provides secure messaging without user expertise.
- Other coins like Bitcoin or Zcash require extra steps and let users easily compromise their privacy.
Decentralization Preserves Financial Privacy
- Decentralization makes private digital payments resilient to shutdown or censorship by states or companies.
- A blockchain preserves balances without a single party to coerce or seize, increasing long-term availability.