Subnostr

Replying to

Saberhagen The Nameless

Monero protocol is strong privacy by default.

Amounts hidden using "Confidential transactions"

Receiver hidden using "Stealth addresses"

Sender obfuscated using "Ring Signatures" (16 decoys)

IP obfuscated using "Dandelion++"

Example of a Monero transaction:

~6% chance Alice sent $[?] to [?]

LN privacy is not enough against any serious attacker:

https://github.com/lnbook/lnbook/blob/develop/16_security_privacy_ln.asciidoc#attacks-on-lightning

https://abytesjourney.com/lightning-privacy/

"We identified 27,183 private channels, discovered hidden balances, and showed how a passive adversary can infer payment endpoints with very high probability."

https://arxiv.org/pdf/2003.12470.pdf

Bitcoin coinjoining is obfuscation not encryption. That data and transaction graph is available to be used against you by correalating with more future data. The only reason Bitcoin is still used in DNMs is first mover advantage and wide acceptability. It is not ideal.

You don't have to use Monero I'm just explaining the facts. Use whatever you want.

https://monerica.com/

https://moneromarket.io/

https://kycnot.me/services?xmr=on

Gildong.Hong 2y ago

The things you shared are a bit difficult for me. I'll read it slowly. But I still think that combination of obfuscation, P2P transaction and LN payments provides practically enough privacy.

I've always respected the Monero Guys' passion for privacy but I still consider Monero a shitcoin. I think What you say about Monero's privacy is probably true. But the reason I think Monero is a shitcoin is in what you don't say.

CPU mining, dynamic block size, and growing total supply. These are the things that make Monero a Shitcoin.

Replying to

Saberhagen The Nameless

DNMs = Darknet Markets. Where privacy truly matters and is put to the test. Monero will soon surpass on chain Bitcoin acceptance. LN is not even available on DNMs.

Physical cash is only convenient locally. You can risk sending it thru mail but it will be slow and might be lost or stolen. You wouldn't prefer to send money to anybody you want instantly, completely privately, and without permission from banks/governments?

Gildong.Hong 2y ago

I want to know the reason based on protocol. As far as I know, privacy of LN is enough(Tor). It doesn't make sense yet.

I also believe that Bitcoin's privacy is sufficient with the help of CoinJoin, P2P, and LN as the chart is showing.

I'm asking why should I send money abroad. for what? How can I receive the merchandises with privacy?

Replying to

Saberhagen The Nameless

LN does not have near the same privacy. That is also why no one uses LN in DNMs 😂

Fiat physical bill is not digital. You can't instantly send to anyone on the planet. You risk confiscation across borders. And unpredictable inflation.

Gildong.Hong 2y ago

Let me know what DNMs are. I'm ready to learn.

what case makes me sending money abroad with privacy?

Replying to

Cyph3rp9nk

Never better said

Gildong.Hong 2y ago

A shitcoin that is 'tradeoff' is still a shitcoin.

Replying to

Saberhagen The Nameless

I said the exact opposite. I said save with Bitcoin. Spend with Monero.

Bitcoin fungibility is garbage and has no privacy. Bad for spending.

Gildong.Hong 2y ago

It's so obvious like "don't do stupid" so I said again.

I can use LN.

To me, fiat bill is better than Monero.

Replying to

Cyph3rp9nk

Liquid is not bad it is a way to scale, I feel that many of you don't understand the blockchain trilemma and its tradeoffs.

Gildong.Hong 2y ago

I undetstand the trilemma and tradeoffs. Liquid is not the solution but a testament to Bitcoin's lack of scalability.

I'm sorry to say that you don't seem to understand why Bitcoin is the only usecase of blockchain.

Replying to

Cyph3rp9nk

Monero is a shitcoin that loses value every year, yourself.

Gildong.Hong 2y ago

Do not use both Monero and Liquid. They are both bad for you.

Replying to

Saberhagen The Nameless

If you are scared then don't save with Monero.

Save with Bitcoin. Use Monero like cash. Much cheaper to transact, simple to use, and truly private.

Gildong.Hong 2y ago

Saving with Monero is economic suicide. I'll never do that. If I were in that situation where I couldn't pay with Bitcoin, I will just use local fiat currency as if I'm a normie who doesn't know #Bitcoin.

Replying to