Tether: The Story So Far

Re:Tether: The Story So Far by pietjepuk88 on Monday October 28, 2019 @06:27PM (#21382426)

Monero is unfortunately not really anonymous either in many common scenario's, like repeatedly sending payments to or from the same address. [0] It's definitely better than Bitcoin though, but far from anonymous.

Overall I think that cryptocurrencies (and the internet overall) could use some better privacy strategies. Tor-like routing, no possibility of finger printing, etc.

[0] https://slideslive.com/38911785/satoshi-has-no-clothes-failu...

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Re:Tether: The Story So Far by RandomBacon on Monday October 28, 2019 @08:17PM (#21383159)

The first sentence of reference [0] is incorrect.

> Many, including Satoshi, believed cryptocurrencies provided privacy for payments.

(emphasis mine)

Satoshi's writings indicated that he understood the public ledger he was creating was not anonymous. He even talked about ring signatures as a possible method to add obfuscation.

(Ring signatures is one aspect combined with others that Monero uses to achieve financial privacy. Anonymity requires extra steps taken by the user. Financial privacy ≠ anonymity.)

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Re:Tether: The Story So Far by CydeWeys on Tuesday October 29, 2019 @12:00AM (#21384166)

You don't, as a best practice, repeatedly send payments to or from the same address in Bitcoin. So if you continue not doing so in Monero, you end up with much more anonymity.

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Re:Tether: The Story So Far by lawn on Tuesday October 29, 2019 @01:21AM (#21384421)

I'm sorry if I made it sound like Monero is perfect, because it isn't. There are weaknesses to the protocol.

But then again nothing is perfect, neither is Tor.

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