Topic: I have come to the conclusion that "on chain anon" defeats the purpose. - page 2. (Read 2766 times)

I don't see a future in ring signatures, CryptoNote coins are a speculation tool and nothing more.

This bottom will drop out

We all know that there is an exploit out there, no one that has it wants to destroy the Bytecoins fork/clones like BBR and Monero (yet)

If you have any amount of investment in these coins you are involved in nothing but a ponzi scheme, like crypto musical chairs.

This is a misleading post, no one is trusting anyone with any mixers lol ha ha

For me it comes down to "trust" (as much as anything can be trusted) of the tech or trust of people (those that run master nodes, mixers etc).  Everything has the potential to be cracked or exploited at some point but given human nature, I'd rather trust "tech" over people any day.

I'm personally okay with the discrete logarithm problem being the central failure point of privacy features in Monero.

Why use Bitcoin when you can use banks?

thank you for taking the time to try and "hear" what i said

my goal here is to find something interesting to say and i was thinking when i posted this last comment here
i COULD be checking up on coins by evaluating the source code but i am tired of it.. simple.
i am not going to bend over backwards plowing through every coins code that comes along checking if their legit.. for free.
the burden of proving their legit lies on the coin posters.. as in i assume they are shit unless proven otherwise !
and that is because of the math.. there is a 1,000+ coins ..that says it all !
No responsible person should be still making more coins, it's as simple as that. (unless it's clearly revolutionary and if not join an existing coin project)
and the ole game around here is to wear us down.. scam coin pushers push hard unrelenting.
so....
my overall outlook on this stuff is their all pretty much greedy manipulative scammers trying to make a Bitcoin profit etc
and i am tired of having to sift through a 1,000 coins.. there shouldn't even be a thousand coins.
and that show cases the context of all this stuff.
these coin cloners have no right to expect us all to assume first their coins are legit and get mad we challenge them.
we ALL should assume the worse first because of the context of the situation. AKA: coins released along side 1,000 other coins.
enough is enough already.
And if fair coins get caught in the cross hairs sorry but what do you expect when you post coin no. 1,001 ? right ?

anyone who truly sincerely wants to do real legit work in the altcoin scene has my support even guys like iGotSpots LOL
If your legit then i got your back and i am sorry of i criticized your coin unfairly.
i like the concept of Altcoins i just wish it was not chronically abused for getting Bitcoin to buy Lambo's LOL

..just my personal perspective on this

Spoetnik

I think you are just disgusted with the scammy coins/devs, and sometimes I think you jump the gun on some good devs/coins, but overall I think people just don't like that you call out all these pieces of shit. lol

I agree with you the large majority of the time.

So no, I don't think you are a troll, even tho a lot of people think you are, they just misunderstand you, or are part of the scam many times.

good old spoetnik!

By your logic "it's not secure, it will eventually be cracked" then private/public keys are in the same boat, no?  

i think you may be right..

my mantra has been for ages "if it runs it can be cracked"

i don't think i am secure nor do i think i ever will be nor do i think it even exists.
either stuff is blown wide open (publicly or privately) or it will be soon..

i got source code to the Zuess Rootkit many years ago after it got leaked semi-publicly
and i was shocked that it had been sold underground for as much as 10 grand to buyers
i was even more shocked at the complexity of it.. wow it's a masterpiece of malware LOL

i collect leaked code i have lots 
i have leaked Windows 2000 code, Leaked Norton Antivirus Code, Leaked Kasperky Antivirus code etc etc
and i have learned through my cracker connection buddies what lies beneath the surface is immense and shocking.
when i was in a PC game cracking group it was a regular occurrence that leaked stolen shit got in my hands or my buddies hands
or some of us simply traded our cracks privately while the public is clueless and cocky as fuck LOL

anyway.. am i "popular" Troll ?

I don't have any groundbreaking info here.
Think about it. The fact that we are relying on a public information with a twist to be secure is not the answer.

LET'S DISCUSS. I was just thinking and all of a sudden realized that this concept is a ticking TIMEBOMB!!

I feel an attack, though it may not happen today or tomorrow, is:

 DEFINITION :Imminent, Impending, Threatening all may carry the implication of menace, misfortune, disaster, but they do so in differing degrees.

Someone is going to figure it out.
They may not be there yet, but tell me how all the info being PUBLIC won't eventually be cracked?

This is NOT fud.
And yes, I could be wrong.
But think about it for a minute. USE you deductive skills here.

BCX may have been bluffing. But why was his bluff taken so seriously? Because he has killed coins before. That is some of it.

But that is what got me thinking.

Why are most anon technologies not "on the chain"?
Why are the most respected and talented developers not choosing to have the "on chain anon"?

Jl777, The most famous as of late, but look at all the other coins, Sonic (SSD), another highly regarded developer, and the list goes on and on.

We all are here for the potential of decentralization, but having an anon technology "on chain" doesn't make it anymore decentralized than the LARGE MAJORITY of the rest of the coins with anon tech that use a mixture of different techniques to accomplish this same goal.

If it is done in a way that is not going though ONE server that can be taken down, or ONE company doing it using a "classic mixer", then "on chain anon" is in no way any more decentralized than all the rest of the anon coins.

Think about this, REAL HARD, because, you know what, I'm right folks.

But I made this topic to have this dicussion, and it is only moderated to keep the popular trolls out, I actually WANT to hear people playing the devils advocate here. This is the whole point of the topic. So don't worry, your posts are welcome and encouraged.