“Assuming an attack timeframe of 12 months, our findings show that an attacker can trace up to 47.63% of the transaction inputs at a cost of just 1,746.53 USD. Moreover, we show also that more than 90% of the inputs are affected by our tracing algorithm.”
FloodXMR: Low-cost transaction flooding attack with Monero’s bulletproof protocol
https://eprint.iacr.org/2019/455.pdf
This kills #Monero then, no?
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47% isnt great, but on bitcoin its 90%+ so thats a serious improvement.
Yes, but this defeats Monero's purpose for privacy no? Bitcoin as no such premise. If Monero loses it's property of being a private means of exchange then what is it's purpose?