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does monero deals with privacy? last i checked Bitcoin solved the centralization of currency, not anonymity
by gcb0 10y ago
does monero deals with privacy? last i checked Bitcoin solved the centralization of currency, not anonymity
- tobias3 10y agoYes, how the amounts paid are kept anonymous is particularily interesting: https://people.xiph.org/~greg/confidential_values.txt https://people.xiph.org/~greg/confidential_values.txt The involved parties are kept anonymous by enforced mixing, I think.
- wyldfire 10y agoThis link is confusing because it describes the proposal to add "Confidential Transactions" to Bitcoin. Some concepts are related/similar to Monero's but it's not the same.
- tobias3 10y agoMaybe you could point us to a similar (succinct) description of the involved cryptography? This one e.g. https://eprint.iacr.org/2015/1098.pdf https://eprint.iacr.org/2015/1098.pdf ?
- wyldfire 10y agoTo some extent, yes. Ring signatures effectively make transactions more difficult to trace. Large exchanges of value will likely be much easier to trace given their rarity over time.
- plasticmachine 10y agoValues can't be known, after the RingCT hard fork. See: https://lab.getmonero.org/pubs/MRL-0005.pdf https://lab.getmonero.org/pubs/MRL-0005.pdf