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Schmidt
0d7ceca9e000e711e263bc14a2216ab74968a9e903eba214a714300adede5a20
Free Speech, Privacy, Decentralization, Open Source, Fungibility

The task in the enslaving fiat money prison is to become as free as possible and that only works with a breakout.

Some celebrate integration (ETFs).

Some celebrate differentiation (delistings).

Proof of Fungibility

Monero delistings

👇🏻

2024 Jun - Kraken (Ireland, Belgium)

2024 Feb - Binance (global)

2024 Jan - OKX (global)

2022 Sep - Huobi (global)

2021 Nov - Kraken (UK)

2021 Jan - Bittrex (global)

2020 Nov - ShapeShift (global)

2020 Aug - Coinspot [AU]

🎉 Happy 10th Birthday, Monero! 🎂

As #Monero celebrates a decade of privacy and security, let's thread through some of its most pivotal milestones.

👇 #XMR #PrivacyMatters

1️⃣ April 18, 2014

Genesis Block

The journey began with the creation of the first block on the Monero blockchain. Originally a fork of Bytecoin, Monero set out to address privacy issues where others fell short.

2️⃣ September 2014

First Major Fork

This critical update significantly improved security and privacy by fixing vulnerabilities that were inherent in Bytecoin.

3️⃣ January 2017

Ring Confidential Transactions (RingCT)

RingCT was a game-changer, enhancing privacy by hiding transaction amounts, a stark contrast to transparent blockchains like Bitcoin.

4️⃣ April 2017

Monero Gains Mainstream Attention

As awareness about privacy concerns grew, Monero's adoption soared, establishing it as a leader in secure, private transactions.

5️⃣ December 2018

Bulletproofs Implementation

This upgrade reduced transaction sizes and fees by over 80%, making Monero more efficient without compromising on privacy.

6️⃣ March 2019

Monero CLI v0.14.0.0 Released

Included a new PoW algorithm, RandomX, aimed at discouraging ASIC mining to keep mining democratic and accessible to more people.

7️⃣ November 2019

Triptych Research Published

A proposal to further enhance privacy, Triptych aimed at improving scalability and transaction speed by reducing the size and verification time of ring signatures.

8️⃣ 2020-2024

Community Growth & Regulatory Challenges

As regulations tightened, Monero's strong privacy features faced scrutiny but also drove significant discussions about the right to financial privacy.

9️⃣ 2022-2024

Haveno, the Monero-based DEX

Launch of Haveno, a decentralized exchange that uses Monero for truly private transactions, showcasing Monero's commitment to privacy beyond just its own network.

🔟 Today

Looking Forward

As we celebrate these incredible 10 years, the future holds promising enhancements, including potential updates like Full-Chain Membership Proofs or Seraphis, which could revolutionize privacy tech further.

On April 18, 2014, Monero's Genesis block was mined.

🎉 Happy 10th birthday, Monero! #PrivacyMatters

Synonym for surveillance?

O₿SERVATION

The state taxes your income at 35–50%

The state taxes products and services at 15–25%

The state taxes your capital gains at 15–30%

But it doesn't just want to take most of your earnings; it wants to know exactly who has what and who should get it. Welcome to CBDC!

24,927 Monero transactions today

normal level

“War against a foreign country only happens when the moneyed classes think they are going to profit from it.”

George Orwell

CBDC reduces responsible citizens to children.

Financial freedom and privacy are paramount values that decentralized Monero upholds.

Replying to Avatar Schmidt

Monero prides itself on privacy. But what happens when this privacy is threatened?

Enter the Black Marble Theory - a potential Achilles' heel for the network.

👇🏻

The theory revolves around an attacker flooding the network with their own transactions (black marbles) among legitimate ones (white marbles). The goal? To dilute the anonymity pool and potentially identify real transactions.

This sudden influx can decrease the mean effective ring size - the crux of Monero's privacy. A lower ring size means reduced anonymity, making it easier to guess the real transactions amid decoys.

The March 2024 spike in Monero transactions above 100,000 per day brought this theory to life, raising questions about network resilience against such privacy attacks and the need for robust countermeasures.

In his research titled “Monero Black Marble Flood” from Rucknium he points out, that the effective ring size has decreased from 16 to 5.5 in that time.

https://github.com/Rucknium/misc-research/blob/main/Monero-Black-Marble-Flood/pdf/monero-black-marble-flood.pdf

As of March 27th, this possible attack has ended and Monero transactions have fallen to pre-attack levels about 30,000 per day.

https://bitinfocharts.com/comparison/monero-transactions.html#3m

Monero is not standing still. The upcoming Seraphis upgrade is set to revolutionize privacy with a default ring size of 128, making transactions more anonymous than ever.

https://www.getmonero.org/2021/12/22/what-is-seraphis.html

Further boosting Monero's privacy, Full Chain Membership Proofs will ensure every transaction is verified across the entire blockchain, significantly enhancing security and anonymity. A game-changer for blockchain privacy!

https://x.com/kayabaNerve/status/1672616243302465536?s=20

Surveillance Self-Defense

How to: Use KeePassXC

👇#opensource

https://ssd.eff.org/module/how-use-keepassxc