Nostr Web Client

Although I agree with you about sender privacy being relatively weaker than it's other tech - this is not completely true, Ven

Amounts and receivers on Monero *are* encrypted and completely hidden. They're not merely obfuscated.

The only thing obfuscated is spenders. So the most you could theoretically know is someone spent Monero. Not *how much* or to *whom* it was sent. Also, minor thing but, current decoys are at 15+1 real. Meaning after one hop from a transaction the chance of randomly guessing a spender is already less than a percent (~0.4%)

I definitely am looking forward to full-chain membership proofs to address this, but it is not as dire as it is sometimes made to seem at this moment in time

VEN 1y ago

I think of this quote from Fluffy Pony

https://twitter.com/fluffypony/status/1052095452651376640

Mimble wimble, while it scales better, is not private at all, and zcashs implementation of optional zksnarks created vulnerabilities for the whole chain ,shielded and unshielded.

While people dont like the trusted setup procesa, it was well documented, and the implementation of Zksnarks by default on all transactions by pirate chain was ideal. Darkfi is inplementing halo2 trustless zk, with smart contracts and merge mining with monero randomX

Reply to this note

Please Login to reply.

Discussion

Saberhagen The Nameless 1y ago

MimbleWimble is actually similar to Monero in the fact that both amounts and addresses are not visible at all. Even Fluffys project Tari uses MimbleWimble.

MimbleWimbles spend privacy is even worse than Monero though because they don't even have ring signatures. So you 100% know someone made a spend (but still not how much or to whom). But a good thing about MW is that if the data is not collected at the time the transaction occurs that data is gone forever.

DarkFi is definitely interesting I just don't know that much about it. I know Amir Taaki is involved and that it is merge mining with Monero now.

Here is a chart to visualize privacy leaks with different tech VS scalability:

MWCS = MimbleWimble + CoinSwap

CoinSwap is not implemented yet on any MW protocol afaik

VEN 1y ago

Amir says mimble wimble claims are false, correlating with another notable article that had come out on mw

https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52

i'm also very sus of their promotion, i believe they paid shills to push it via epic cash

Saberhagen The Nameless 1y ago

I've read that one and that article was the one that originally turned me off to MimbleWimble for a long time. But there was a counter article made here by the Grin guys. After giving it another chance and doing more research I became convinced. MW still not as private as ZkSnarks, but a lot more private than that article original suggested.

Here is the counter-article. You be the judge:

https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9

VEN 1y ago

i have read this as well haha and it made me wonder, but then amir said it as well and that swayed me

Saberhagen The Nameless 1y ago

What did Amir say exactly and when did he say it? I would definitely be interested to read that

VEN 1y ago

its in the interview i linked earlier with TCV

VEN 1y ago

cant pinpoint it now but it happens in first quarter of interview somewhere

Saberhagen The Nameless 1y ago

Can you try to send me the youtube link to my DMs? For some reason it isn't loading and I can't click it

VEN 1y ago

sent

rafael_xmr 1y ago

Did you make this chart?

VEN 1y ago

i can't see what chart you are referring to

VEN 1y ago

ah mb nvm

Saberhagen The Nameless 1y ago

Na, the Grin guys made it, but it is a good chart to visualize privacy leaks for those techs