Cryptocurrency:

[Punk-Stasi 2.0]

On Sat, 06 Jun 2020 22:49:10 +0000
"other.arkitech" <other.arkitech at protonmail.com> wrote:

> 
> ‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
> On Saturday, June 6, 2020 9:18 PM, Punk-Stasi 2.0 <punks at tfwno.gf> wrote:
> 

> > 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.
> 
> My take on Monero is that it is an overengineered solution.

	wait, first you said it had 'some obfuscation' but now it's overengineered? =)


> Mu understanding of an anonymous public system includes:
> 
> *I should be able to see in clear all the money in circulation, all the public database.

	why would you want that? 

> *I shouldn't be able to link anything to a particular person or group.

	that makes little sense. Once you 'see all money in circulation' linking the circulation to the users isn't hard. Or by 'all money' you mean just one number for the total supply? 

> 
> Monero fails the first one, bcs they focused on making it difficult to analyze the money flows, the cash in circulation, 

	monero doesn't fail. On the contrary it achieves something that's much needed.

>and macro-economy parameters that are of public interest. 

	not sure what's that supposed to mean? Which parameters are of 'public interest'?


> they instead made an opaque public system.

	your previous statement and this one beg the question, what do you mean by "public".

	monero isn't an 'opaque public system'. It's an accounting system that tries to achieve some of the properties of physical cash. It's 'public' only in the sense that anybody can use it. Which is a basic and required property for money.


> 
> The privacy problem coming from having the flow in clear is obvious. Behavioural patterns can be used to identify the person behind.


	that's just one way. There are other, more direct ways to 'deanonymize' people. 


> 
> The solutionm in my view, is not overloading the network, but instead by using a flow-break mechanism (like a mixer), which forms part of the public services offered by the platform.
> 
> The monero's trick is probably limiting its scalability as well.

	so far there's a tradeoff between privacy and scalability. But then again, privacy is a fundamental requirement, unless you're promoting systems to further enhance the power of the surveillance state. 


> but I am not an expert in monero's details. Just speak by intuition, somehow educated guess, as my knowledge comes from coding a comparable system.