Topic: Gold collapsing. Bitcoin UP. - page 336. (Read 2032265 times)

I am not sure if I am correct on the IP correlation, but I surely don't trust Tor due to Sybil attack on relays, timing analysis, etc. I don't know if I2P has defeated those issues. I doubt it but everytime I looked for detailed design docs in the past I didn't readily find the information I needed to formulate an opinion.

On the next big economic coflagration 2018ish, when 80% of the people in the West are receiving their government survival stipend via Coinbase or Circle in their iPhone and they must have a Facebook login to get government aid, then you tell me it is not politically feasible. And you will be paying for that.

hint:
 N times more blockchain size => N times more information => N times more anonymity ?   ---> in reality same information + (N-1) bytes of shit

You clearly smarter than me but the reason I do not worry is because I2p integration will come to Monero.

CoinJoin is not scalable. It can be jammed by Sybil attacks. It has a timing simultaneity requirement that means it is not autonomous, not end-to-end, and failure/hassle prone.

The only way to do it correctly is put on chain. Sorry you are technically incorrect.


Zerocoin doesn't allow you spend any coins until you remove them from the anonymity accumulator.

Perhaps you meant Zerocash. Zerocash has the problem that you can never know if the setup keys were compromised allowing unlimited minting of coins because the money supply can not be known. That is unacceptable for a store-of-value.

It means, with all due respect to the people in this thread, its not this discussion that will decide the future and I'm positioned in what I believe to be a win-win situation with crypto as a whole. I think the savvy term is hedge. And Bitcoin is my hedge not Monero, but thats me.

Yep, all the cons to banning cash presented in that article are easy to see. Here is one they don't mention: money in the bank is not under your control and does not belong to you. It can be frozen or seized in an instant (like coins sitting on Coinbase). For example, the IRS will freeze your bank account if they *suspect* you have evaded taxes. They have no need to prove it, it is up to you to prove innocence and fight to get it back.

So banning cash is banning a most important form of private property. It is not politically feasible. It is also not practicable at present levels of technological deployment (and neither is crypto ubiquity).

I honestly have no idea what that sentence is suppose to mean.

Hey that was the allegation I raised in the BCX thread. Are you quoting me via Google?

I can't say I won that discussion. I am not sure I was entirely convinced I lost it, but I even forgot by now the conclusions (Multiple Sclerosis effect perhaps).

Some of us do not want to do with Bitcoin anymore and only stash it in reasonable quantities so when the TPTB unleash the next phase of their financial freedom elimination through a transparent ledger we dump it for a nice profit or we have a positive stake in the game, so you can say we are after a profit after all but its not with Monero. Monero is the future of our freedom.

Yes its a rebellion and you can't stop it

Ask google or ask monero experts they will tell you truth.
if you can solve a system of equations then it is what you need.

I missed this until Erdogan quoted it.

I am calculating the government is going to lose 0 up to $trillions because of me.

I am just making the point that people that don't have any vested reason for fight, often don't see any incentive for waging one.

Marketing is about matching concerns (demographics).

I didn't say it won't work. I am just wondering what gaming has to do with the anonymity fight? Seems like two different demographics.

I thought the gaming idea with your game coin would work well. Adding the anonymity seemed like going in the wrong direction or at least until the gamers have some need for it.

My bad, I was looking at the market cap valuation which is off that much. The BTC price is only down ~75% from last Sept. Still not exactly great price performance....

http://coinmarketcap.com/currencies/monero/  (click on "all" for the full history)


I disagree here, there are multiple proposals on how to layer privacy oriented transactions on top of bitcoin. Some rely on shared secrets, some enable wallets to communicate and build distributed trustless mixing mechanisms (which is exactly what Monero says it does). You don't need distributed trustless mixing mechanisms in the protocol to have that, you can implement the same in wallets. I remain unimpressed by these bitcoin clones that are simply adding simple functionality to the core protocol, functionality that can easily be layered on top of bitcoin. That is not an improvement IMHO.

Zerocoin is an example of a true innovation as I see it. Zerocoin does not rely on mixing as Monero does, but implements true removal of all history.  This is something that neither Bitcoin nor Monero can do. If someone made this, I'd seriously consider it.

Can you offer any elaboration or cite some research on this?

First they ignore you, then they laugh at you, then they fight you, then you win.


I disagree, and your points are too weak (to not say downright lies) to even deserve a proper answer.

I may have forgotten the specific details of the unlinkability (been away from that for some months) but afair the IP address can be associated with a total payment amount and the output addresses. The unlinkability only creates a new address for each payee for each payment, but doesn't hide this new address. Thus on the next spend of the change, the input to the ring it likely known. It is these sort of combinatorial attacks (other variations) that I think might breakdown Monero's anonymity. Smooth please do correct me if my recollection has failed me.

A ban works with fear. They make examples of a few users. This maybe works where the users don't have much incentive to be fighting the government. If the users have a great incentive for defiance as is the case for Torrents then the government is impotent.

And precisely my idea for an altcoin is more down the line of the Torrents market than gaming. I am wondering why gamers need anonymity and would fight the government.

Ditto investors if they see any risk of being unmasked, they lose confidence to invest in great size. Torrent users know the government is playing a losing game of Whack-A-Mole against them. Investors maybe don't feel this way when the examples are confiscation of $millions (unless it reaches the point the government is going to take their money anyway).

1. Monero is far less(order of magnitudes) secure than bitcoin. (it is very fragile)
2. Monero requires N times more resources than Bitcoin for same transaction.
3. Monero cannot do transaction that Bitcoin can do (e.g, multi-signatures)
4. In reality Monero is not more anonymous than bitcoin, it is only a little harder(for uninformed crowd) to analyse.
5. Everything Monero can do, Bitcoin can do better.

Take your time.

It took months from my initial monero purchase to start getting it, why it stands out from all the other coins.

There is no place anywhere that succinctly presents the investor case of Monero, so it is hard to grok. Soon will be, as I mentioned.

We are not in it for a quick buck, nor for a quick btc.

The Great Firewall of China, that presumed absolute Communist State grand daddy of them all, is merely an http:// blocker.  no more.

This is pure art.