6 ms·

This is one of the benefits of the transaction data being on-chain

by practice9 4y ago

colejohnson66 4y ago
Supposedly Monero is better at being anonymous than Bitcoin/Etherium, but NFTs are all on Etherium
- ChainOfFools 4y ago
  Most, not all. A few of the earliest (appearing before the term NFT existed) run on Bitcoin itself, using the counterparty protocol.
- chrisco255 4y ago
  Monero can't do smart contracts as far as I know. However there is somewhat of a push to adopt privacy focused zero knowledge rollups, which would preserve privacy while settling on a layer 2: https://aztec.network/ https://aztec.network/
rvz 4y ago
There you go. This is why committing insider NFT trading using a public blockchain where the transactions are traceable where the authorities can use that and the transactions all end up being connected to this employee (even though they tried using multiple wallets) is quite futile and eventually they can be traced all up. Goes to show that such blockchains like Bitcoin, Ethereum, etc are NOT anonymous and never intended it to be as such in their white-papers. So it's quite disingenuous for anyone to keep suggesting that they are 'anonymous' whether or not if they are skeptic, supporter or neither. What you are looking for is privacy coins like Monero, Mobilecoin, Zcash or Grin that specifically aim for privacy guarantees which are used to hide wallet balances and transaction details. But the regulators are going to crackdown on privacy ones anyway by making it harder to trade them for fiat via exchanges.
- ceeplusplus 4y ago
  No, this guy was just dumb enough to buy the NFTs mere minutes before they were listed. That's blatantly obvious insider trading. If he had not been so obvious and maybe better laundered his money through e.g. Tornado Cash then he would've gotten away with it.
  - exdsq 4y ago
    I doubt he thought it was illegal
- practice9 4y ago
  I agree. Adding to a point about privacy coins - zk-SNARKS or zk-STARKS can be implemented on Ethereum via L2 rollups for those who need privacy/non-traceability. But probably not on a base layer.
cuteboy19 4y ago
It's pseudonymous. You don't get to know who it is until that person tells you their name

This is one of the benefits of the transaction data being on-chain

colejohnson66 4y ago

Supposedly Monero is better at being anonymous than Bitcoin/Etherium, but NFTs are all on Etherium

ChainOfFools 4y ago
Most, not all. A few of the earliest (appearing before the term NFT existed) run on Bitcoin itself, using the counterparty protocol.
chrisco255 4y ago
Monero can't do smart contracts as far as I know. However there is somewhat of a push to adopt privacy focused zero knowledge rollups, which would preserve privacy while settling on a layer 2: https://aztec.network/ https://aztec.network/

rvz 4y ago

There you go. This is why committing insider NFT trading using a public blockchain where the transactions are traceable where the authorities can use that and the transactions all end up being connected to this employee (even though they tried using multiple wallets) is quite futile and eventually they can be traced all up. Goes to show that such blockchains like Bitcoin, Ethereum, etc are NOT anonymous and never intended it to be as such in their white-papers. So it's quite disingenuous for anyone to keep suggesting that they are 'anonymous' whether or not if they are skeptic, supporter or neither. What you are looking for is privacy coins like Monero, Mobilecoin, Zcash or Grin that specifically aim for privacy guarantees which are used to hide wallet balances and transaction details. But the regulators are going to crackdown on privacy ones anyway by making it harder to trade them for fiat via exchanges.

ceeplusplus 4y ago
No, this guy was just dumb enough to buy the NFTs mere minutes before they were listed. That's blatantly obvious insider trading. If he had not been so obvious and maybe better laundered his money through e.g. Tornado Cash then he would've gotten away with it.
- exdsq 4y ago
  I doubt he thought it was illegal
practice9 4y ago
I agree. Adding to a point about privacy coins - zk-SNARKS or zk-STARKS can be implemented on Ethereum via L2 rollups for those who need privacy/non-traceability. But probably not on a base layer.

cuteboy19 4y ago

It's pseudonymous. You don't get to know who it is until that person tells you their name