punks at tfwno.gf
Sat Jun 6 14:24:23 PDT 2020
"other.arkitech" <other.arkitech at protonmail.com> wrote:
> Monero, AFAIK, makes it difficult not impossible to trace transactions.
> So it adds some obfuscation.
Well, I never said monero is 'impossible' to crack. I'm certainly not the nsa-mosad-gchq-etc mafia, so how knows how they could attack it.
Yet monero is pretty much the only system which seems to take privacy seriously.
Saying that it adds 'some obfuscation' sounds like a (big) understatement. Amounts in monero are encrypted using a 'homomorphic' crypto trick. And the ring signature makes it impossible to tell who signed the transaction. By the way, public keys for the ring signature are taken from the blockchain so in this case having a bloated chain does have at least one advantage. On chain destination addresses are all unique and can't be linked to the public address of the user either.
so, I'd say that any 'second generation' cryptocurrency has to have a level of privacy that is at least as good as monero's.
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