I would recommend checking out a whole host privacy projects. Many are bunk, but some, particularly zero knowledge by default, are where it's at. Monero definitely has the largest market for privacy coins. People actually spend it, however it is not as private as people believe. It obfuscates data rather than encrypt it. 11current decoys, not much. Its going to be upped to 100 soon but even that is not much.
Definitely check out pirate chain and darkfi as well
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
Thank you for clarifying!
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
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
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
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:
i have read this as well haha and it made me wonder, but then amir said it as well and that swayed me
What did Amir say exactly and when did he say it? I would definitely be interested to read that
I recommend checking out amir taaki's comments on various privacy coins, while he is fond of the monero community he is vocal about the need to improve its privacy
Amir Taaki is awesome and both of your criticisms of moneros weak spot (spender privacy) is valid for sure. He is the one who partially spurred talk and action of improving it on Moneros github. Wish I could find the thread again
yeah amir is really awesome, and you are too Saberhagen, i appreciate my conversations with you!
