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I don't think cryptocurrencies are protecting anyone from any problem.
by zerokernel 9y ago
I don't think cryptocurrencies are protecting anyone from any problem.
- jstanley 9y agoOK, I'll bite. How is Monero not protecting people's privacy?
- paulsutter 9y agoBecause most Monero transactions are traceable, according to research by the National University of Singapore: https://eprint.iacr.org/2017/338.pdf https://eprint.iacr.org/2017/338.pdf If anyone can debunk this I’d love to hear more, but generally I think it’s dangerous to rely on claims of secrecy
- jstanley 9y agohttps://getmonero.org/2017/04/19/an-unofficial-response-to-an-empirical-analysis-of-linkability.html https://getmonero.org/2017/04/19/an-unofficial-response-to-a...
- paulsutter 9y agoThanks for the link. While it’s good to see the paper overstates the problem, it’s also clear that users should not assume that their Monero transactions are untraceable.
- tscs37 9y agoI think the summary of both papers (the initial paper and monero's unofficial response) could be that monero's transactions are reasonably untraceable. Reasonably private should be good enough for most people.
- paulsutter 9y agoIf the goal is more-private-than-bitcoin, yes, it's less traceable than bitcoin. If the goal is bulletproof-from-authorities, not so much.