Wanna get into Monero. 0 experience with crypto. Complete beginner. Any good reading materials / tutorials I should start with that you could recommend?

  • padreug@programming.dev
    1·
    6 days ago

    Just curious, what’s your interest in Monero over Bitcoin? Presumably privacy based? I think the point that @mildseason@sopuli.xyz brings up about the boundary between Bitcoin and Monero is where you’re most likely to expose yourself. I might argue you’d have an easier time getting BTC with a result suitable to your needs

      • mildseason@sopuli.xyz
        3·
        6 days ago

        Yeah Bitcoin can be traced and every transaction is visible on the blockchain. Monero uses some crazy algorithms to obfuscate the transactions. I believe it’s still possible for state actors to trace but that’s very resource intensive and there’s ways to avoid it.

        As @padreug@programming.dev says, BTC is easier to acquire and may be sufficient. Depends on your threat model!

      • SleeplessCityLights@programming.dev
        1·
        6 days ago

        Be careful with Monero, when you want to cash out and it looks like money laundering because $50k appeared out of thin air. The blockchain is your friend, it proves it is clean money.