Monero receives a more fair treatment in this comment:
https://steemit.com/cryptocurrency/@joewilder/re-anonymint-re-joewilder-re-anonymint-is-monero-s-or-all-anonymity-broken-20170806t152332998z
Topic: Is Monero, Dash and all anon coins fucked? - page 7. (Read 8115 times)
All this appears to be a very far-fetched scenario and would very noticeable as the transaction volume spikes up.
Would you notice right now, if for example there was 1 real transaction per block (as probably is likely given the close-to-zero adoption of Monero) and 4 Sybil transactions?
The scenario basically is that the government takes over Monero mining, doing massive number of fake transactions and big data analytics and it's game over. That goes for every crypto right.
They can purchase the data needed when they need it. Someone else can do the mining and Sybil transactions for profit. Analytics could be done for every crypto (except for Zcash) yes, but it would be especially attractive to do that on a crypto where its users think they are anonymous.
Is it me or is the recent news of WannaCry where every researcher and blockchain analyst said Monero is completely anonymous, it's blockchain is opaque and we can't trace anything resulted in a strategy from FBI, NSA coming up with a strategy to FUD on Monero so it doesn't gain adoption?
If you had a honeypot, would you say it was or wasn't?
Specifically in this latest iteration, I can't imagine a situation where Shelby wasn't capable of linking the facts that there is no zero subsidy in Monero, and there is also an adaptive block size, I give him far more credit than that.
https://steemit.com/cryptocurrency/@anonymint/re-anonymint-re-anonymint-is-monero-s-or-all-anonymity-broken-20170805t222300726z
Yes, montero is going down. Listen to Shelby, and everyone else. Sell all your xrm to them.
Like like I said with bcx, the only flaw with monero wrt to Shelby this time around is that he doesn't have enough in his pocket.
No i don't think monero and dashcoin are bad for investing because of the price is going down, all of altcoins are always fluctuating its price ( goes up and down), but monero and dashcoin are good for investment, they have uniques fetures. Life or dead altcoins depend on the comunity of altcoins ( Dev team, miners and other), for example we can see dogecoin is still alive until right now.Like like I said with bcx, the only flaw with monero wrt to Shelby this time around is that he doesn't have enough in his pocket.
Apologies, I was having a drink when writing that. I agree, and would in fact love an opportunity to sell a kidney if Monero hit 2.50 ever again. Mostly I was just trying to point out that when it comes to talking down Monero, most people are quite lacking.
Specifically in this latest iteration, I can't imagine a situation where Shelby wasn't capable of linking the facts that there is no zero subsidy in Monero, and there is also an adaptive block size, I give him far more credit than that.
So, I am left with the only thought left, which is that Shelby is once again trying to fleece newbs, like bcx did with his 'monero exploit' two and a half years ago or so.
Yes, montero is going down. Listen to Shelby, and everyone else. Sell all your xrm to them.
Like like I said with bcx, the only flaw with monero wrt to Shelby this time around is that he doesn't have enough in his pocket.
No i don't think monero and dashcoin are bad for investing because of the price is going down, all of altcoins are always fluctuating its price ( goes up and down), but monero and dashcoin are good for investment, they have uniques fetures. Life or dead altcoins depend on the comunity of altcoins ( Dev team, miners and other), for example we can see dogecoin is still alive until right now. Like like I said with bcx, the only flaw with monero wrt to Shelby this time around is that he doesn't have enough in his pocket.
Whats your point being open source?
One more thing:
Ring CT has a single point of failure, once its exploited the whole thing is blown.
What you mean by what is the point? A project that is closed source cannot be audited and you need to trust the developers, a project that is open source can be audited and many talented programmers can tell if there is a bug or a backdoor in the code, being open source is key for any project, especially one like monero. One more thing:
Ring CT has a single point of failure, once its exploited the whole thing is blown.
Ring CT has a single point of failure, once its exploited the whole thing is blown.
Saying that is like that with flat tire you cant drive car. But it is also hard to drive without steering wheel and when is rain even without the roof. Sort of everything is important, or would not be there.
Yes it is normal that with flat tire you cant normally drive car. You still can go super slow but that is not real driving.
Ring CT is important part that provides anonymity in Monero, you can see this on link i provided, but far from only one. Alone is far from enough. And there will be new things added constantly as they were so far. We are only at beginning of a road.
I was taught that every lock can be unlocked, it is just a matter of time when. You mention Ring CT, so next time you should also add an estimation when and with how big chance. Talking of 0.000001% chances in 1000 years is a bit silly.
PS: I now expect totally new argument from you LOL, maybe something about bot mining or no development found or big transaction size.
To return to anonymint, He claims PoW is fail and all PoW coins including Monero and Bitcoin are to fail. I dont think there is any coin in existence he would not find a point of failure.
https://steemit.com/cryptocurrency/@anonymint/is-monero-s-or-all-anonymity-broken
Anonymint, aka iamnotback has released this article on steemit. Im reading it right now myself but I want to share it here and hopefully get some coding wizards to review it.
Apparently it has caused him to be censored in the Monero reddit when he linked it, so this shows this must be pretty good.
Anonymint, aka iamnotback has released this article on steemit. Im reading it right now myself but I want to share it here and hopefully get some coding wizards to review it.
Apparently it has caused him to be censored in the Monero reddit when he linked it, so this shows this must be pretty good.
Great article!
I disagree about ALL altcoins being "fucked", but in reality most of them will die. In fact, most have already died. There are countless that were once traded, but are no longer traded on any exchange.
Look at feathercoin or klondike coin, for example. Both were highly anticipated, yet now they aren't worth more than 10,000 satoshis each. Sadly, this is and will be the case for most of them.
Whats your point being open source?
One more thing:
Ring CT has a single point of failure, once its exploited the whole thing is blown.
One more thing:
Ring CT has a single point of failure, once its exploited the whole thing is blown.
whats monero?
https://www.youtube.com/watch?v=TZi9xx6aiuY
Just found this on Reddit, someone made a bit longer Beginners guide to Monero. http://thecryptotrading.com/quick-beginners-guide-to-monero-xmr/ If that video is to short
With rising commercialisation and regulation the use of mixers and other methods of anon transactions could even become a felony soon, unless there are backdoors built in for law enforcement.
Monero is open source. Everyone can read what is in code. Open source means that everyone can read what is in code so see what is there. Is nothing secret or hidden.
The fact that the XMR shills are always so pathetic could only mean one thing: there's something to it.
The FBI coin, lol, no matter from which side you look at it.
The whole discussion is pointless, anyway. People give up their identity willingly at the endpoints, holding up their photo ID for the exchanges. Or they are screenshot on their OSs.
With rising commercialisation and regulation the use of mixers and other methods of anon transactions could even become a felony soon, unless there are backdoors built in for law enforcement.
The FBI coin, lol, no matter from which side you look at it.
The whole discussion is pointless, anyway. People give up their identity willingly at the endpoints, holding up their photo ID for the exchanges. Or they are screenshot on their OSs.
With rising commercialisation and regulation the use of mixers and other methods of anon transactions could even become a felony soon, unless there are backdoors built in for law enforcement.
whats monero?
Is it me or is the recent news of WannaCry where every researcher and blockchain analyst said Monero is completely anonymous, it's blockchain is opaque and we can't trace anything resulted in a strategy from FBI, NSA coming up with a strategy to FUD on Monero so it doesn't gain adoption?
If you read this forum for last 3 years people are are saying that and posting. You dont need to read that is mainstream media to believe. Monero is fungible and it is ideal for all exchanges because they cant check from where founds come to the wallet that had deposit on their exchange so no worries at all. With BTC and all other coins they will always need to check million transactions if that BTC was maybe on MtGox one day or deposited by Putin to Trump.
Monero is real crypto currency. The one Satoshi wanted to make.
that is pretty strong hit into MONERO fundamentals. Bad thing is that when you create something then you will always surfer from something diffrent.
iamnotback - I wanted his solutions to this problem if will work
iamnotback - I wanted his solutions to this problem if will work
If anything, I gained more confidence in Monero. He's saying in order to break Monero's anonymity complicit miners basically need to control a good part of the network and create a ton of fake transactions in order to mark other users transactions. They also have to be able to mine their own transactions! Also complicit miners need to control a big portion of the hashrate and they will be able to afford to do this by "selling your identities"? Catch 22? All this appears to be a very far-fetched scenario and would very noticeable as the transaction volume spikes up.
The scenario basically is that the government takes over Monero mining, doing massive number of fake transactions and big data analytics and it's game over. That goes for every crypto right.
Is it me or is the recent news of WannaCry where every researcher and blockchain analyst said Monero is completely anonymous, it's blockchain is opaque and we can't trace anything resulted in a strategy from FBI, NSA coming up with a strategy to FUD on Monero so it doesn't gain adoption?
https://steemit.com/cryptocurrency/@anonymint/is-monero-s-or-all-anonymity-broken
Anonymint, aka iamnotback has released this article on steemit. Im reading it right now myself but I want to share it here and hopefully get some coding wizards to review it.
Apparently it has caused him to be censored in the Monero reddit when he linked it, so this shows this must be pretty good.
Anonymint, aka iamnotback has released this article on steemit. Im reading it right now myself but I want to share it here and hopefully get some coding wizards to review it.
Apparently it has caused him to be censored in the Monero reddit when he linked it, so this shows this must be pretty good.
that is pretty strong hit into MONERO fundamentals. Bad thing is that when you create something then you will always surfer from something diffrent.
iamnotback - I wanted his solutions to this problem if will work
You may wish to follow the discussion in https://www.reddit.com/r/Monero/comments/6r2xsm/is_moneros_anonymity_broken/ The bottom line: The attack proposed fails in Monero because of Monero's adaptive blocksize and tail emission. I see little point in discussing this here any further since the author of the blog in question has been banned on this forum.
Edit: The case of Dash is fundamentally different from Monero and should in my opinion be discussed in a Dash forum or thread where the author of the blog has not been banned.
Edit: The case of Dash is fundamentally different from Monero and should in my opinion be discussed in a Dash forum or thread where the author of the blog has not been banned.
"I warned you Monero folks back in late 2015 and early 2016 that Zerocash was superior and y’all needed to move on. But of course you never listen. All you know how to do is ridicule and ban me. Payback is a bitch and I’m just getting started ".
Where's the Ron Burgandy GIF?
Where's the Ron Burgandy GIF?
PIVX looks to be pretty strong from here especially with their latest version.
There will always be need for Anonymous coins and the demand is still huge, you can see after the Aphamarket was taken down the darknet was renergize because some people are now looking to take Alphanet market share. As long as people still trade guns and drugs there will always be need for these coins
I agree, but Dash and Monero are more and more being challenged by coins like XVG.
I move my XMR and DASH to XVG recently, this coin is under-valuated vs the 2 others.
There will always be need for Anonymous coins and the demand is still huge, you can see after the Aphamarket was taken down the darknet was renergize because some people are now looking to take Alphanet market share. As long as people still trade guns and drugs there will always be need for these coins
Jump to: