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How stealth addresses work in Monero

johndcook.com

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Re: How stealth addresses work in Monero

#11

Post by hypeatei »

Anon84 wrote: post #9
danlugo92 wrote: post #6

Earlier quoted context omitted.

Bitcoin's traceability ruins its fungibility.

What makes you think Monero is untraceable? - https://arxiv.org/pdf/2408.05332 - https://darkwebinformer.com/chainalysis-successful-deanonymi... - https://www.sciencedirect.com/science/article/pii/S266628172...

The fact that it's delisted from most exchanges because of its privacy features; if it was as traceable as Bitcoin, then the feds would allow it. What I see from these links is that it's not fully "traceable" and more educated guessing via heuristics.

Re: How stealth addresses work in Monero

#12

Post by RandomBacon »

Anon84 wrote: post #9
danlugo92 wrote: post #6

Earlier quoted context omitted.

Bitcoin's traceability ruins its fungibility.

What makes you think Monero is untraceable? - https://arxiv.org/pdf/2408.05332 - https://darkwebinformer.com/chainalysis-successful-deanonymi... - https://www.sciencedirect.com/science/article/pii/S266628172...

Your post seems like F.U.D.

#1: "between 2019 and 2023"

#2: the author wrote "This attack is not realistic. ... This is why everyone needs to run their own node"

#3: "digital forensic approach can still reveal sensitive information by examining off-chain artifacts such as memory and wallet files"

So...

#1 seems to have been mitigated.

#2 seems to not be an issue if you run your own node.

#3 seems to not be an issue if you don't let others do forensic analysis on your own computer (not the Blockchain).

It's good that people do this research to help make Monero better. I am not criticizing the people that published what OP linked to. But of course OP's post is like saying "What makes you think paint is safe? Here's a post about how paint used to include lead."

Re: How stealth addresses work in Monero

#13

Post by littlecranky67 »

danlugo92 wrote: post #6
chistev wrote: post #3

Something I don't understand. What's the point of obfuscation if ultimately you can be caught when you try to convert it to fiat? If I have Btc and I convert it to monero to prevent tracking, how do I get it back to money in my bank account without being traceable?

Bitcoin's traceability ruins its fungibility.

The fungibility of Bitcoin is achieved through layer-2 networks, such as Lightning. No, it is not another cryptocurrency, it is just another technological layer. You are still transfering bitcoins.

Trumps "Bitcoin payment" portrayed extensively by the media was done in the Lightning network.

Re: How stealth addresses work in Monero

#14

Post by vintermann »

matheusmoreira wrote: post #10
chistev wrote: post #3

Something I don't understand. What's the point of obfuscation if ultimately you can be caught when you try to convert it to fiat? If I have Btc and I convert it to monero to prevent tracking, how do I get it back to money in my bank account without being traceable?

The idea is to not convert it into fiat. Create a parallel economy where monero is the actual currency, not some intermediary currency. Price things in monero.

Where would the trust come from? I mean the trust that people really do what they say they're going to do in the real world - like ship you the goods, do the work you paid for, don't immediately kick you out of the servers you paid to access etc. A shadow economy doesn't run itself, who's going to stick their neck out to even try to make it work?

Re: How stealth addresses work in Monero

#15

Post by littlecranky67 »

hypeatei wrote: post #11
Anon84 wrote: post #9

Earlier quoted context omitted.

What makes you think Monero is untraceable? - https://arxiv.org/pdf/2408.05332 - https://darkwebinformer.com/chainalysis-successful-deanonymi... - https://www.sciencedirect.com/science/article/pii/S266628172...

The fact that it's delisted from most exchanges because of its privacy features; if it was as traceable as Bitcoin, then the feds would allow it. What I see from these links is that it's not fully "traceable" and more educated guessing via heuristics.

Lightning (A layer-2 network based on Bitcoin) is similarly untraceable as Monero, without being an actual cryptocurrency. Yet the fed doesn't seem to concerned, probably also because few people and institutions understand Lightning, and the fed is not one of them or doesn't want to go against Bitcoin.

Re: How stealth addresses work in Monero

#16

Post by ifwinterco »

vintermann wrote: post #14
matheusmoreira wrote: post #10

Earlier quoted context omitted.

The idea is to not convert it into fiat. Create a parallel economy where monero is the actual currency, not some intermediary currency. Price things in monero.

Where would the trust come from? I mean the trust that people really do what they say they're going to do in the real world - like ship you the goods, do the work you paid for, don't immediately kick you out of the servers you paid to access etc. A shadow economy doesn't run itself, who's going to stick their neck out to even try to make it work?

Where does the trust come from for transacting in dollars, or Spanish pieces of eight? I'm not saying the monero economy is likely but there's absolutely no reason why it couldn't theoretically happen

Re: How stealth addresses work in Monero

#17

Post by ta12653421 »

dewey wrote: post #8
m00dy wrote: post #4

Earlier quoted context omitted.

Well, what you're asking about is basically a business. Most folks make bank just by setting up that kind of circle. I'd suggest reading up on front businesses like luxury restaurants that sit empty most of the time. it's such a classic play, everyone knows it. If you've got BTC and want to get it back into your bank account, hit me up anytime.

> If you've got BTC and want to get it back into your bank account, hit me up anytime. That's exactly how people get caught.

Well, public offering on the internet, Money laundering as a service :-D

Re: How stealth addresses work in Monero

#18

Post by kasey_junk »

ifwinterco wrote: post #16
vintermann wrote: post #14

Earlier quoted context omitted.

Where would the trust come from? I mean the trust that people really do what they say they're going to do in the real world - like ship you the goods, do the work you paid for, don't immediately kick you out of the servers you paid to access etc. A shadow economy doesn't run itself, who's going to stick their neck out to even try to make it work?

Where does the trust come from for transacting in dollars, or Spanish pieces of eight? I'm not saying the monero economy is likely but there's absolutely no reason why it couldn't theoretically happen

Courts, law enforcement and contract law. All of which will take a dim view of using a currency which appears designed wholly to make their function harder.

Re: How stealth addresses work in Monero

#19

Post by ifwinterco »

kasey_junk wrote: post #18
ifwinterco wrote: post #16

Earlier quoted context omitted.

Where does the trust come from for transacting in dollars, or Spanish pieces of eight? I'm not saying the monero economy is likely but there's absolutely no reason why it couldn't theoretically happen

Courts, law enforcement and contract law. All of which will take a dim view of using a currency which appears designed wholly to make their function harder.

A crypto advocate would argue smart contracts can fulfil that role, but also that applies in developed countries but not in the countries where the vast majority of the world population lives.

I think if a true crypto economy does emerge anywhere it's likely to be Nigeria, Lebanon etc - places with a significant population of educated entrepreneurial people but where the state is run abysmally and you can't rely on those institutions anyway

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