Nostr Web Client

Yes. Also no way to audit the circulating supply and the privacy guarantees are incredibly sus.

More technical people I know claim that the privacy is a complete farce. Also heard rumors that FluffyPony works with federal agencies.

Any one of these pieces being true is enough to avoid it.

Hanshan 10mo ago

ok sorry, but no.

"people are saying" fud is horseshit.

one, Monero supply is audited all the fucking time.

tell me the last time you audited the BITCOIN supply. and I dont mean lazily ran gettxsetoutinfo on your node

two, there is nothing "sus" about monero privacy guarantees. Sender receiver and amount are hidden using well understood cryptographic fundamentals.

there are edge cases where your privacy can be compromised.

like literally *every other privacy tool.*

if you have some criticism, show your work or GTFO.

oh and three, "Fluffy was detained by the feds one time"

tell me you don't understand open source software without telling me you dont understand open source software.

this is up there with "Bitcoin was created by the CIA" fud.

do better.

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Discussion

n0>1 10mo ago

Do better? At what?

Hanshan 10mo ago

running his mouth about things he doesn't understand.

n0>1 10mo ago

You meditate?

Hanshan 10mo ago

everyday.

its a common misconception that people who do yoga and meditate are passive.

my lineage is more "stfu or speak clearly"

n0>1 10mo ago

You seem angry though. Are you angry?

Hanshan 10mo ago

its easier to be abrupt on social media than to add all the extra words that make people feel good about what you're saying.

Hanshan 10mo ago

but you're also right and I could've been nicer 🤭

Sourcenode 10mo ago

He's right that I was going off second hand information regarding the fed rumors. I have watched videos about how to track XMR transactions, but that's not my area of expertise. And yes the supply is infinite.

Im always open to learning new things, but I don't feel any desire to argue.

Price communicates more than words.

Hanshan 10mo ago

"fiat price is what's really important"

nostr:note1u7a33d807l3744m7cejfvth44n7uwpqrm5nzcaz408ld6elhz43shls6sx

Hanshan 10mo ago

here's the video about how to track XMR transactions

straight from Chainanalysis

it makes their current capabilities very clear.

https://v.nostr.build/D4Nzp22vRF35IRnz.mp4

n0>1 10mo ago

Thank you.

Hanshan 10mo ago

towards the 35 minute mark it gets more spicy. up to then it's almost like a monero commercial.

tldr is that they need lots of offchain information to eliminate the decoys in ring signatures

n0>1 10mo ago

That's way above my head. I have been in bitcoin for 7 years now. But I have never been very technical.

Hanshan 10mo ago

its an ongoing thing of course

i have the advantage of being an long time tech guy.

basically

in contrast to Bitcoin where you have a single sender that's obvious on-chain,

in monero the true spender is hidden among 15 other decoys.

that "ring" of addresses sign the transaction and its impossible to tell which of those 16 is the real spend.

originally developed for Bitcoin btw,

but never implemented, like lots of monero tech.

theres more nuance (like ways CA can maybe eliminate some of the decoys etc) but thats the basic idea.

Sourcenode 10mo ago

Perhaps you know more about this topic than I do. That's fine with me.

There are other ways to communicate.

Hanshan 10mo ago

you could say "i dont know but ive heard people say"

instead of just repeating stuff you heard somewhere as if it was factual

so you also made a decision about a way to communicate.