101–110 of 116 posts
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Why not Zcash?
Not the OP, but Zcash's privacy feztures are optional and seldom used in practice, whereas monero is secure by default. It helps with blending in the crowd.
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None of the transactions systems are aiming to solve for that. The legacy financial system enables this too. Trump coin just happens to be more liquid than expensive dinner seats, campaign donations, and less cumbersome than a Trust. It is not private. So its fine to feel disillusioned from that goal because it was a misplaced goal. Monero on the other hand is private by default, and you can disclose transactions. It…
a bigger better thing it does is fund the north korean nuclear program. easy to steal, liquid to sell, cant be confiscated.
Yeah their expropriations in Monero are occurring too, but I can’t levy a separate higher standard when this other thing is happening
This is by no means a comprehensive analysis. This analysis misses the most major limitation with Monero's decoy based approach to transaction obfuscation: Eve-Alice-Eve attacks (also known as ABA attacks). It also misses an analysis of the possible insecurity of churning and a significant history of randomness implementation errors and flooding attacks specific to Monero. The exact consequences of some of these atta…
Correct, I don't find these to be limitations for any user of Monero, its just a way not to use it. > repeatedly withdraw money from one exchange and then deposit it to another right, don't do that. Withdraw to your wallet. Wait several days. Transfer elsewhere in different denominations. Problem solved for everything you wrote, and its been nearly the same for the entire lifespan of Monero, 11 years now. > Breaks wi…
many times police will made up "plausible way" how they uncovered something, but this "plausible way" was constructed after the "secret" or illegal way was employed to do it.
rephrase : police will do illegal thing to obtain info where you stash your drugs. for example installing NGO Pegasus to your phone, gps tracker under car... so they already have that info. then they call anonymously 911 saying there is smell of gas on street. (maybe they even spray some of mercaptan to make it even more plausible) firefighters, etc will come investigate gas leak and police will say that they uncovered drug stash in investigation of gas leak... illegal way to obtain info, then brainstorming how to make that data available "lawfully". they will not tell in front of judge/court about first part... so no your assumption is not correct.
in computer world it is million time easier.
99% of youtube videos about criminals failing at operational security is intentionally bad information.
IF you are believed to be criminal / "bad person" police(men) will justify doing almost anything, because you are bad person IN THEIR EYES.
also they are trained to and expected to disinform :
For example, Ross Ulbricht. every news paper said that "closing his laptop lid will lock his computer and police will be unable to decrypt it" they pushed it and said it so many times that researchers jumped on LUKS and in 1.5 years there was almost complete rewrite of LUKS.... (not even talking about constant TOR effort)
Whole not closing his notebook also proves that they obtain data legally. It does not say they did not have that data already.
One info can mean multiple things to multitude of people.
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Preface this by saying I am not a fan of any cryptocurrency, but I really struggle to understand why Monero has a smaller market cap than BTC. It has to be inertia related right? Monero just seems like a fundamentally better piece of technology. Are there scaling issues with Monero, similar/worse than BTC?
One important factor is that Monero are printed at a constant rate, unlike BTC that are printed at an exponentially slowing rate. A constant rate of printing means the supply is uncapped but the inflation rate will approach zero. Monero's choice is arguably better for actual use as a currency, as the printing will prevent deflation from lost coins. But it makes it less attractive as an investment.
For me that's a feature not a bug. The investor cryptobros have thoroughly killed the interest in BTC as a real payment method and made it just a vaporware pyramid scheme. They have accumulated a lot of influence.
Also they corrupted the whole idea behind bitcoin which was independence from the old centralised banking system where others control your money. To guarantee their investments they've rebuilt the whole old system in bitcoin with the exchanges and some regulators even demanding you use them to store your BTC.
This is by no means a comprehensive analysis. This analysis misses the most major limitation with Monero's decoy based approach to transaction obfuscation: Eve-Alice-Eve attacks (also known as ABA attacks). It also misses an analysis of the possible insecurity of churning and a significant history of randomness implementation errors and flooding attacks specific to Monero. The exact consequences of some of these atta…
100% agree that this is not a comprehensive analysis. For instance, recently a core Monero dev published something called OSPEAD which is a proposed fix to the "Map Decoder Attack" which he also publicly disclosed at the same time : https://github.com/Rucknium/OSPEAD The TLDR is that Monero has about 75% less privacy than anybody thought, and this attack is still "live" in production. It requires a mandatory upgrade…
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USDT can be frozen so its not the best choice. Its definitely a failure of the Tether team if criminals can openly use it to launder funds without it getting frozen, but they are famously anti regulation.
The usefulness in money laundering is a feature not a bug, and is why Tether is permitted to continue operating.
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I wonder how common this kind of swapping is. Its an interesting financial vehicle when a valid and legal investment strategy is to try to time the laundering of different assets.
It's massively common. USDT is the usual coin of choice because even though the ledger is public, the convenience and relative stability massively outweighs the security risks. In the jobs I've seen, the marks will be 'investing' in BTC but the criminals will be moving those funds out into USDT the moment it hits the bandit wallet.
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One important factor is that Monero are printed at a constant rate, unlike BTC that are printed at an exponentially slowing rate. A constant rate of printing means the supply is uncapped but the inflation rate will approach zero. Monero's choice is arguably better for actual use as a currency, as the printing will prevent deflation from lost coins. But it makes it less attractive as an investment.
> But it makes it less attractive as an investment. For me that's a feature not a bug. The investor cryptobros have thoroughly killed the interest in BTC as a real payment method and made it just a vaporware pyramid scheme. They have accumulated a lot of influence. Also they corrupted the whole idea behind bitcoin which was independence from the old centralised banking system where others control your money. To guara…