The video you linked actually inadvertently explains why Monero is untraceable. I made a YouTube comment explaining why
My latest invention is eXaMineR: a free and open source tool for tracing monero transactions
Learn more here: https://stacker.news/items/634963
Discussion
So far heโll only respond if you lick the tip of his bs
I replied to your comment, looks like you misunderstand how monero works. You said stealth addresses are used once and never seen again but in reality they appear on the blockchain multiple times: when the recipient receives money, when he or she spends that money, and possibly multiple other times as decoys
The point is that SAs break the transaction graph, making tracing the flow of funds impossible.
1. each SA only appears for a single output
2. it's impossible to know which is the true spend
Exactly. I had another look at the block explorer and docs, then made a correction comment and came to the same conclusion
The comment didnโt post. Keep in mind YouTube creators can delete comments on their videosโฆ
> it's impossible to know which is the true spend
Not impossible. My tool *automatically* detects the true spend 1 in 15 times. Better tools (like ciphertrace's) do better.
Lightning is superior.
Thereโs a reason the IRS never made a bounty for Lightning and said it wasnโt an issue in their report from 2020.
you can't stop lying can you?
you are using heuristic analysis, which is NOT a deterministic relationship.
your tool identfies the *likely true spend
at a certain (undefined) probability
and it does it no better than random chance
(but automatically! ๐)
I suggest if you're actually interested in operating in good faith you prioritize telling the user the probability your heuristic analysis is accurate.
ie, the odds an old ouput decoy WOULD be used in a ring etc