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So on the topic of Monero there are two parties that I mentioned: Europol and chainanalysis companies. Europol, a government agency, can be incentivized to lie
by rolltiide 7y ago
So on the topic of Monero there are two parties that I mentioned: Europol and chainanalysis companies. Europol, a government agency, can be incentivized to lie about their investigative capabilities to help with their investigations. They detailed how they cannot track Monero, but lets assume they are lying.
Chain analysis companies advertise their investigative abilities in order to attract business. By theory alone they cannot track Monero transactions, and in practice, they are not advertising that they can while they do advertise how they can follow transactions on surveillance networks like Bitcoin. This is a second confirmation that Monero works as private digital money.
This part is a cat and mouse game, all while Monero continues receiving software updates to improve its use, via open source pull requests, which bolsters confidence I have in the system as it doesn't exist in a static state. A lot of people analyze the digital asset ecosystem in a current or prior state and dismiss them based on that.
I think that is enough ammunition for you to investigate further to come to similar conclusions without you needing to trust me or buboard.
But if you would like to dive deeper on why these parties are not able to follow Monero transactions in both theory and practice, there are some books on the subject and then code you can compile yourself to test it out. That's typically what we are referring to when we say trustless, the independent verifiability.