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This is why eth/bitcoin are not suitable crypto. There should be no address trail, same as cash.
by devwastaken 4y ago
This is why eth/bitcoin are not suitable crypto. There should be no address trail, same as cash.
- happymellon 4y agoWouldn't the ledger dictate that there is a trail?
- Semaphor 4y agoI’m assuming they mean something like Monero (maybe also ZK-something). I don’t understand how it works, but enough people say they are anonymous, that I believe them ;)
- happymellon 4y agoWhen the IRS is offering $100k bounties to break the anonymous features, it sounds pretty secure. Although if there is enough interest in breaking the obfuscation, these things normally end up finding the hole. Only time will tell.
- thelittleone 4y agoIf I wanted people to think I hadn't cracked the anonymous features, I would post a $100k bounty to break it.
- JoshuaDavid 4y agoAnd when people go to collect on that bounty?
- happymellon 4y agoA lot of security companies with have multiple holes in a system. Having more backdoors isn't a bad thing.
- JoshuaDavid 4y agoI agree. I meant more in the sense that if the vulnerability is fairly obvious, multiple people will claim the bounty and if you try to simultaneously not pay all these people because their find was not unique, and also say that nobody has claimed the bounty, I can't imagine that going well. People tend to get mad when they don't get paid.
- happymellon 4y agoI did think this too. I would hope that I am small enough fish that I'm not worth them wasting that backdoor on, as I assume it will be patched once revealed. At what point do I have to stop being paranoid so that I can get anything done?
- thelittleone 4y agoJoin me friend and welcome to the finer arts of procrastination, where our minds shall tirelessly conjure up vivid departures from reality in order to avoid doing something simple that needs to be done.
- bongoman37 4y ago