Re:Bitcoin Futures Start with a Bang as Rally Trips Circuit ...
by stef25 on Monday December 11, 2017 @10:40AM
(#15897682)
Maybe this isn't the right place to ask this question, but how is Monero any different than the Bitcoin example you respond to, when the vendor you sent your crypto currency to to exposes your identity?
Re:Bitcoin Futures Start with a Bang as Rally Trips Circuit ...
by flatline on Monday December 11, 2017 @11:58AM
(#15898302)
Monero uses ring signatures to mix your transaction outputs with others', providing "plausible deniability" of the subsequent inputs. It furthermore uses stealth addresses to hide the transaction history to an individual address. This is not foolproof and has been shown to be traceable in a number of cases, but it's a heck of a lot better for anonymity than bitcoin.
Re:Bitcoin Futures Start with a Bang as Rally Trips Circuit ...
by tehlike on Monday December 11, 2017 @12:16PM
(#15898453)
There are new improvement - there was a article about monero being tracable > 50% of the time, but it was fixed right around when the article came out to be.
As for the original goals of bitcoin, maybe monero is closer to it. I don't know.
On the sad side, people who put money in bitcoin are thinking it's a great investment. This is not to devalue your comment, but for the past 10 years, almost every years, the low lows have been increasing.
Be your own bank is not a meaningful goal, though, at least with the way things are. Coinbase, for example, holds about 10% of circulating bitcoin is what i hear.