Context:
Finnish feds trace xmr: https://cointelegraph.com/news/finnish-authorities-traced-monero-vastaamo-hack
Japanese feds too: https://cointelegraph.com/news/monero-transactions-japanese-authorities-arrest-18-scammers
Ciphertrace explains how they trace monero: https://v.nostr.build/D4Nzp22vRF35IRnz.mp4
Popular monero wallets accidentally doxing users & their monero txs to chainalysis: https://digilol.net/blog/chainanalysis
this is hilarious, makes me like lightning even more than I did before
Thats why education is a key. Good luck
Breaking: privacy shitcoin turns out to be a shitcoin.
nostr:nprofile1qqs0dyqwddp2swndvevfw9x7fxkgdyvuv3jg2lv7ze9e2w70n3lf88gpzdmhxue69uhhqatjwpkx2urpvuhx2ue0qyghwumn8ghj7mn0wd68ytnhd9hx2tcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp00tjpp5 nostr:nprofile1qqsqdzwltpr635ehdzfd52tz947qlhq77x2c7j7yguwep9n258k2nusprdmhxue69uhhw6r9v96zu6rpwpc8jarpwejhym3wvdhj7qg4waehxw309aex2mrp0yhxgctdw4eju6t09uq3kamnwvaz7tm5dpjkvmmjv4ehgtnwdaehgu339e3k7mf04qpewr since y'all were monero curious.
Bro this whole thing is out of my depth lol. I need someone to explain to me how bolt12 actually obfuscates the addresses. Does it take fragments from multiple areas and replace them? If Tom throws $50 in $1 into a bucket of cash and pulls out a $20 and 3 $10s everything was mixed together and the it's broken up. Is this how this works lol
It works like onion messages. Before bolt12, by default, you send someone money by creating a path to their node: Alice pays Bob to pay Carol to pay Dave to pay Edna to pay Filbert. Filbert's invoice tells Alice how to construct a path to his node, and consequently Alice can find Filbert's node on the network, and construct a path to him.
With bolt12, the default way to send money is by creating a paty to a "rendezvous" node: Alice pays Bob to pay Carol to pay Dave...but she doesn't know anything beyond that. Filbert's node is talking to Dave waiting for him to say "I've got a message for you, but I don't know who it's from." (But it's from Alice.) Filbert's node then decrypts/reads the message and tells Dave "you should have a payment from someone that is meant to come to me. Let's finish the route." And then they finish the route together (Dave -> Edna -> Filbert) and settle the payment.
By this method, Alice never learns where Filbert's node is on the network and does not know where she sent the money. Also, lightning payments are atomic, so this is all done without ever letting any routing node (Bob, Carol, Dave, or Edna) ever have custody of the funds. Each routing node can either forward the payment or cancel the payment, but not keep the payment for themselves.
This video is also far from damming against XMR. They try to flex talking about how it was before XMR implemented another privacy feature but then their tool still couldn't really provide any good information and the guy who was doing the video admits that repeatedly
Thanks for sharing this. I like the back and forth with the BTC and XMR people. My thick skulled smooth brained self is slowly learning from both tech is not my forte and so it's a steady struggle
It's always good to make up your mind on these things.
Agreed. I still see a place for both as of now, but won't be surprised if BTC absorbs XMR privacy by default into it somehow
FYI despite the clickbait headlines, the way they were traced and caught in those articles had nothing to do with Monero. The chain analysis video is also unrelated and if you actually watch it it's more of an advertisement for Moneros strong privacy if anything. Even the agent is marveled.
Yeah when I was reading through the articles it didn't really show anything against xmr. Seemed more user error and in Japan they didn't address how so my guess is someone rolled on the others.
The video did nothing to detract from XMR at all and I thought that was kind and of funny.
I still see use cases for both and the privacy by default with XMR is nice. I can see a future where BTC becomes private by default. Not sure why the two realms, both champion liberty and self sovereignty don't work together instead of the steady pissing match
nostr:nprofile1qqs936kc97s4k4gqjnmltljgqns0uadh08d77t5mypg3anxkneks37gpzemhxue69uhhsmtj9e6hxetwdaehgu3wdaexwqg4waehxw309ahx7um5wgh8smtj9eex7cmtwvq3kamnwvaz7tmwdaehgu3wwphhyar9d4hkuetjduhxxmmdhdhm8r nostr:nprofile1qqs0sxxdz722j74u5kvzym4chlualjx0jef32llvdveg98jpqs0tmlgpzdmhxue69uhhwmm59e6hg7r09ehkuef0amkmxc Next episode?
Recorded last night 😉
So, where's the proof of work? This looks like claims and people having poor ospec.
Why leave out how they were "traced" and caught? Had nothing to do with Monero
Any of the coin smarties know if this us real & legit?
