3 ms·
Is there some scheme past asymmetric cryptography that I'm not aware of? Because one of the fun drawbacks for criminals of having a distributed public ledger ha
by throwway120385 3y ago
Is there some scheme past asymmetric cryptography that I'm not aware of? Because one of the fun drawbacks for criminals of having a distributed public ledger has been their immediate connection to all of their transactions once their public key is associated with them.
- wmf 3y agoYeah, it sounds like you're not aware of various things like ring signatures, SNARKs, STARKs, etc.
- EA-3167 3y agoThat sounds like it was made for money laundering and making ransoms hard to trace.
- matheusmoreira 3y agoYeah, and cryptography was made for pedophiles and terrorists. Am I right?
- EA-3167 3y agoThis Motte & Bailey argument using cryptocurrency and cryptography is so old, so stale, and it was never very convincing to start with. A whole field of mathematics doesn't compare to digital pet rocks.
- matheusmoreira 3y agoIt absolutely does compare. Especially when people start talking about how cryptocurrency was "made for crime". They sound a lot like those tiresome politicians complaining about pedophiles and terrorists "going dark" for the nth time.
- latchkey 3y agoYour argument about Madoff is old and stale and definitely not convincing. https://news.ycombinator.com/item?id=36227328 https://news.ycombinator.com/item?id=36227328
- matheusmoreira 3y agoRing signatures. Every monero transaction is signed by the source of funds plus N other keys. The effect is that nobody can prove which key actually signed the transaction. Monero has numerous privacy features. It mixes in multiple transactions into one so that amounts, sources and destinations can't be correlated. To an outside observer, it looks like everyone is constantly transacting with everyone else. Maximizes the anonymity set.