Recent stress tests showed Monero was struggling at 300-500k TX/day with nodes falling behind and wallets failing. BCH has been tested to 10 million.
Then you have the issue of having to keep the whole chain forever, with BCH all you need is the UTXO set really, which is < 10GB
I am not hating on Monero and I hope the issues can be solved, but I am taking the safer bet on Bitcoin Cash.
the entire network always relies on anonymous TXOs instead of using them only when they are needed for anonymous transactions.
But if the entire network is not that large then it will not help that much. Monero’s mass adoption potential is limited by many factors such as scalability, reputation, UX, and fiat on-ramp access. If your goal is world level adoption then BCH’s approach is the better choice, IMO.
The bigger the bank the more they can ML. The fines are to pay off the biggest mafia in town to leave them alone. It has nothing to do with stopping crime and everything to do with surveillance and data collection.
If you are a giant bank you can ML all you want. AML is a useless scam and a violation of basic rights of individuals to transact privately. It is big brother’s attempt to monitor capital flows.
Every top 10 bank fined as £150 billion laundered annually
https://trilateral-it.com/every-top-10-bank-fined-as-150-billion-laundered-annually/
I did not present a figure of 2 specifically. The point is Monero is more vulnerable than previously believed but still this is likely irrelevant to casual users as no one will put so much effort into mass tracing anyway. Given this logic, for the vast majority of users Bitcoin Cash with CashFusion is private enough IMO.
Using standard statistical methods, that ring size of 16 shrinks to an average of 4.2, slashing Monero’s privacy by about 75% compared to what was previously assumed.
It does not have to be like Monero to give you a similar level of privacy.
I set up basicswap dex but the XMR/BCH liquidity is pretty low there. Do you know which coins on there have the highest volume? It would be nice if you could see the whole order book and not only the coins you have enabled.
So has there been another stress test where TX volume reached higher than 500k? I am not aware of any fixes that have been made to fix the TX propagation and block sync failures that happened on the stressnet when volume went over ~300k.
I have a feeling the current Monero node implementation is at its life’s end that is why the Rust node work has been started.