4 ms·

Nope. Monero is actually private and untraceable.

jackson1442 5y ago
Until someone cracks it, that is. If it becomes the crypto of choice for some of the bigger fish, you can bet the government will find a way to trace it.
- ryanlol 5y ago
  >Until someone cracks it This is certainly not a given. The government isn’t going to be cracking signal messages within any reasonable timeframe either.
  - bluGill 5y ago
    There are ways to crack encryption that have nothing to do with math. It doesn't matter how good your crypto is. You could probably get by plain text as far as the FBI's effort to crack your crypto are concerned as they won't waste their time checking if you are that stupid.
    - 55555 5y ago
      This doesn't really make sense. In the case of a criminal laundering crypto, they don't know who the criminal is, so the rubber hose attack doesn't work.
  - briffle 5y ago
    Obligitory XKCD: https://xkcd.com/538/ https://xkcd.com/538/
    - ryanlol 5y ago
      Rubberhose cryptanalysis does not work with Monero because you don’t know who to whack.
- dougk16 5y ago
  There is at least $625,000[1] on the table already. Not to mention how many blockchain analytics companies and other actors would pay millions to have such a capability. [1] https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=6d3a151085cc https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs...
  - jackson1442 5y ago
    The main reason I bring this up is this is the same promise Tor brought- “completely private” etc. And we all know how that went down: https://www.vice.com/en/article/4x3qnj/how-the-nsa-or-anyone-else-can-crack-tors-anonymity https://www.vice.com/en/article/4x3qnj/how-the-nsa-or-anyone...
    - dougk16 5y ago
      I'm with you, I don't trust it's private/secure at all, but until proven otherwise it's a very interesting technological feat.
- meowkit 5y ago
  I did a deep dive with a friend of mine (we’re both OS engineers) and its going to be a hell of a cookie to crack. There is a literal virtual tumbler built into the transaction protocol called ring signatures. Stealth addresses (an additional crypto key pair) obfuscate senders and receivers. They also hide the amount transferred which blew my mind.
2OEH8eoCRo0 5y ago
How many times are we going to learn that that's just not true. There is no safe, only shades of safer. Is the mathematical underpinnings of Monero sound? That's a good starting point. There are still implementation bugs, compiler bugs, architecture bugs, supply chain vulnerabilities, and state actors with unlimited $.
gowld 5y ago
Is getting in and out of Monero private and untraceable?

Until someone cracks it, that is. If it becomes the crypto of choice for some of the bigger fish, you can bet the government will find a way to trace it.

ryanlol 5y ago
>Until someone cracks it This is certainly not a given. The government isn’t going to be cracking signal messages within any reasonable timeframe either.
- bluGill 5y ago
  There are ways to crack encryption that have nothing to do with math. It doesn't matter how good your crypto is. You could probably get by plain text as far as the FBI's effort to crack your crypto are concerned as they won't waste their time checking if you are that stupid.
  - 55555 5y ago
    This doesn't really make sense. In the case of a criminal laundering crypto, they don't know who the criminal is, so the rubber hose attack doesn't work.
- briffle 5y ago
  Obligitory XKCD: https://xkcd.com/538/ https://xkcd.com/538/
  - ryanlol 5y ago
    Rubberhose cryptanalysis does not work with Monero because you don’t know who to whack.
dougk16 5y ago
There is at least $625,000[1] on the table already. Not to mention how many blockchain analytics companies and other actors would pay millions to have such a capability. [1] https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=6d3a151085cc https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs...
- jackson1442 5y ago
  The main reason I bring this up is this is the same promise Tor brought- “completely private” etc. And we all know how that went down: https://www.vice.com/en/article/4x3qnj/how-the-nsa-or-anyone-else-can-crack-tors-anonymity https://www.vice.com/en/article/4x3qnj/how-the-nsa-or-anyone...
  - dougk16 5y ago
    I'm with you, I don't trust it's private/secure at all, but until proven otherwise it's a very interesting technological feat.
meowkit 5y ago
I did a deep dive with a friend of mine (we’re both OS engineers) and its going to be a hell of a cookie to crack. There is a literal virtual tumbler built into the transaction protocol called ring signatures. Stealth addresses (an additional crypto key pair) obfuscate senders and receivers. They also hide the amount transferred which blew my mind.

2OEH8eoCRo0 5y ago

How many times are we going to learn that that's just not true. There is no safe, only shades of safer. Is the mathematical underpinnings of Monero sound? That's a good starting point. There are still implementation bugs, compiler bugs, architecture bugs, supply chain vulnerabilities, and state actors with unlimited $.

gowld 5y ago

Is getting in and out of Monero private and untraceable?