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Major cryptocurrency deanonymization event is imminent
- lawn 9y ago> Cryptocurrencies (Monero, Zcash) with strong privacy protections usage prices soar The private transactions in ZCash are very rarely used so any privacy leaks the article talks about should affect large parts of ZCash users as well. Monero indeed is the best candidate so far with it's mandatory fungibility.
- ontofractal 9y ago> The private transactions in ZCash are very rarely used so any privacy leaks the article talks about should affect large parts of ZCash users as well. That's true! However unlike most cryptocurrencies, it's possible to send private transactions on ZCash so the point wrt price/usage still stands.
- giancarlostoro 9y agoWonder how many have tried to trace transactions done with Bytecoin / Monero? If nobody has been able to yet that would then render this a bit irrelevant in respect to cryptonote / cryptonight based currencies.
- ontofractal 9y agoThere was some research exposing vulnerabilities in Monero privacy tech[0], but AFAIK ringCTs and enforced minimum sizes of ring signatures fixes it. [0]http://hackingdistributed.com/2017/04/19/monero-linkability/ http://hackingdistributed.com/2017/04/19/monero-linkability/
- deleted 9y ago[deleted]
- yetanotheruser 9y agoIt is a good point I hadn't considered that public cryptocurrencies are not fully fungible. I.e. It may be socially unacceptable to accept money from certain known people.