Oddbean new post about | logout
 Monero's blocks store public historical data that proves random strangers around the world transacted money following the rules and no one trusts each other but still can't cheat on each other. This sets a history of all-look-equal transactions that make up the current state of balances and histories that only key holders know the details, like what the hidden amounts are. A LN payment on the other hand is routed A -> B -> C with all amounts being visible from sender until it reaches the destination, now which privacy is better 1) all-look-equal txs with hidden amounts, or 2) plain text, amount visible, routed payments where A -> B -> C, but B can be a FED making public profiles?