Two words, mixing and unscramble--explains everything.
I can manually mix something and then someone else can unscramble my mixing.
Provide some specific proof that Bitcoin Mixers can be fully traced these days.
Take time to watch the link i gave you...they got caught eventhough they used mixers...the mixings got unscambled btw
That is still one case about a Federal Prosecutor on a specific case with the full power of her office.
Does not mean all Bitcoin Mixer transactions are fully traced every minute / hour / day.
A Federal Prosecutor could most likely do that to a Monero transaction as well these days.
That's 2014...after 7 years they can apply those to exchanges.
Mixed can be unscrambled
Looks like there is a move from Bitcoin Mixers to Bitcoin Privacy wallets connected to Tor and making CoinJoin transactions :
https://www.cryptopolitan.com/privacy-wallets-their-growing-role-in-bitcoi/I always thought Bitcoin Mixers used CoinJoin, looks like they are actually used differently :
Bitcoin Mixers are coin randomizers. They usually make sure that the value of Bitcoin exchanged between a sender and receiver differs greatly. At the end of such transactions, the mixers then make it extremely difficult for the transaction to be traced back to the wallet that initiated the transaction.
However, mixers have a litany of issues and a growing number of regulators have been able to cut their influence. The crypto scammers have seeked an alternative which is the use of privacy wallets.
Tor is also not anonymous.. We think it was back then. So mixing tor and coinjoin is not anonymous.
Mixed can be unscrambled
Monero = encrypted, you can't unscramble encrypted, you have to decrypt it.(non transparent blockchain)
Sounds like you're arguing that Dash is like Bitcoin then and perhaps should be treated the same.
But tell me, once you deposit/trade/withdraw your XMR on an exchange which forced you to KYC how does Monero's encryption hide this activity from the relevant authorities?
Seems to me, banning privacy coins from exchanges is a misinterpretation of the new laws being put in place. In fact I would think it's better to direct XMR traffic to exchanges to be better monitored for possible money laundering and other misbehaviors.
They know you have an X amount of xmr in your exchange account but they cannot trace where it came from and cannot trace where you will send it.
Dash is just like bitcoin in terms of privacy, but marketed to be good enough as a privacy/anonymous coin which dash will be treated as such LOL
Two words, mixing and unscramble--explains everything.
I can manually mix something and then someone else can unscramble my mixing.
Provide some specific proof that Bitcoin Mixers can be fully traced these days.
Take time to watch the link i gave you...they got caught eventhough they used mixers...the mixings got unscambled btw
Both of you have lost the plot.
Mixing isn't about privacy (at least not primarily). It's about fungibility which is an acknowledged monetary property. A bi-product of hi fungiblity is greater anonymity (ability to decouple a unit of currency from its owner history). But that's just the bi-product. The primary reason is to maintain equivalence of value for each unit.
This is one aspect where Dash has got the cash archetype right and coins like Monero have got it wrong IMO. Monero actually went and encrypted the entire transacting platform itself which isn't the same thing as making the currency fungible directly. The transparency of the transacting platform is needed to maximise perceived integrity. ("Math" doesn't cut it because users have no idea whether their particular client is using "math" or not. I doubt bitcoin would have garnered the trust it has without a gazillion forensic trainspotters crawling all over its chain 24 hours a day).
Dash's mixing therefore works for high fungility whether a particular user uses it or not because they benefit from all the mixing of coins upstream of their addresses. The delistings if anything demonstrate that it's worked because the regulators are seeing Dash as "cash".....which is actually a design goal.
What Dash got wrong was allowing the chain to give up half its supply for nothing,
thereby torpedoing its value-storing capacity !Monero got it right and go 100% full privacy, the aim is privacy and doing 50-50 on the design will compromise the goal which is privacy. That's why monero is not trying to be bitcoin, it complements bitcoin.
That's why dash got it wrong, first trying to be anonymous coin and now trying to be ethereum too just to keep the ball rolling.
Actually dash is trying to be bitcoin in the first place, plagiarized bitcoin and coinjoin to market anonymity.
Fungibility, privacy, anonymous...we mean the same thing, not everytime we say anonymous we have to say privacy and fungible too all the time. They all go together.
[moderator's note: consecutive posts merged]