/biz/ - Business & Finance

>>56452388
>No it's about the desperate dash to replace the insecure ring signature model with something that might stand a chance at beating Chainalysis. If you thought Bitcoin has slow development, imagine it moving five times slower but also needing to replace the entire cryptographic machinery Monero depends.

>The clock is ticking and Monero's only saving grace is that the real money launderers, sanction evaders and cyber criminals aren't using it but instead a combination of Bitcoin, Ethereum, Tron and some bridges between. For now it can hide under the guise that its ring signature system still works, but that's only the case when the bad actors under real surveillance aren't using it.

Based undercover Monero-chad fudding for cheapies.

Pro-tip: if you're going to troll, try to be a *little* less obvious about it, most of us understand enough about Monero's protocol to instantly recognize a work.

>>56091289
>New to Monero. I'm confused on the privacy. Is it like tornado? How exactly does it allow untracable transactions? Which I guess is a good thing. How does that work?

>>55197139

Nope, there's no way of knowing for sure if an output has been spent or not.

>>54683525
>there is nothing untraceable about monero it just takes more time

lol you clearly have no understanding how Monero actually works.

>>54392297
>What makes Monero different from other coins?

It's actually used as currency to pay for goods & services.


>Is it a good investment?

Eventually, it grows through organic demand rather than FOMO.


>What's all the hype about?

Its the only crypto that does what its supposed to.

>>53832061
>ecash notes are more fungible than anything ever on monero. literally all notes have a separate unlikable identity before and after transfer.
>
>with monero you have a bunch of decoys that add uncertainty but still have a transaction graph and if enough people are doxxed or enough fake decoys are accumulated in the system you don't even have real privacy or fungibility anymore.

What kind of retarded horseshit is this?

Monero's fungibility comes NOT from ring signatures but from the potent combination of FULLY shielded addresses & amounts, you can't taint XMR because you cannot EVER distinguish one coin from another.

Decoys are for outputs ONLY and ring signatures will be deprecated once SNARKs/STARKs have sufficiently matured.