/XMR/ Monero General

Don't have much of an opinion myself tbqh.

looks like something that nobody would use

Is Monero now traceable or not? I've read that ~ 60% of transaction inputs with one or
more mixins are vulnerable to “chain-reaction” analysis.

fud

>oy vey w-w-we can't trace it!11!!!1
>quick just try fudding it out of existence!11!!1

clearly a last resort

It's essentially been proven that CipherTrace isn't capable of doing the things they claim they can. It didn't help that a lot of crypto sites used some very misleading headlines that suggests Monero was cracked when it isn't and still functions normally. Just another bump on the road to adoption.

Check out CipherTrace tool financed by U.S. Department of Homeland Security

ah you're just a troll, got it
nobody is fooled

What do you mean "essentially proven"? I'm curious.

no you got that pretty backwards. Chain reaction is an old means of attacking monero (from like 2014 and 2015) before mandatory mix ins(or decoys used to create ring signatures) were baked into the privacy. The idea being that if someone uses zero mix ins with their monero transaction, their output that appears on the blockchain is true because there are no decoys. So therefore, you could look at the blockchain after that transaction with zero decoys, and cancel all the appearances of that transaction in the future that doesn't equal the same output. The monero network uses past transactions when employing ring signatures.
it is called chain reaction because if you were to observe a future transaction with only one decoy, and that decoy happened to be that previously mentioned output with zero decoys with an output that does not match what we know is true, we will then know that the decoy is in fact a decoy. From there, you can use both the earlier confirmed spent output and now the new spent output to cancel out future transaction mixins, and so on, creating a chain reaction.
It's another example of why built in privacy is so much better than optional privacy.

I have always used the Slow fee on Cake wallet and it always goes thru within a few seconds. And the fee is basically nonexistent. Why isn’t XMR king yet?

jews

Lack of people who appreciate it's privacy. I remain optimistic for the future though because it's current adoption mirrors that of early Bitcoin a lot.

once again I was amazed by the perforamce of xmr during the btc dump. the confiest of holds.

When lightning?

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>Why isn’t XMR king yet?
A lack of on ramps, low information crypto enthusiasts, and scams that suck investment potential. Monero also isn't flashy. The work that is done is spectacular and the developers are constantly improving everything. But there are no buzzwords. It's just a really good project. But we will be king of the dark net soon, and that is when the hype will begin.

traded some btc 4 xmr waifu today :)

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I’ve been just collecting spare XMR, worked my way up to an unknown amount, but given what’s happening with world markets I’m seriously considering converting half my BTC stack into XMR and just walking away for a year.

Hard not to be optimistic. Dumb money can chase pumps and get rekt by defi pajeets, we're just sitting nice and comfy as the privacy only improves via adoption. When Triptych gets adopted sometime in late 2021 it'll make bank vaults look like a piggy bank.

How do you know that not a new coin will emerge with a superior signature technique that can guarantee anonymity to a higher probability?

Monero is open source, right? Has Monero ever been fully audited? I heard that devs could potentially hide things in the code or is this pure FUD?

It’s bullshit.

Just FUD, you can check out the code on github and whatnot. Any significant additions they make to the code are peer-reviewed/audited to ensure they don't compromise privacy and you can similarly audit the total supply of it. Monero FUDders are annoying but can easily be shooed off usually.

We don’t know but XMR’s privacy by default is unmatched in the crypto space.
If all coins were to fail, XMR would still be around simply for the dnm usecase
>IYKYK

sounds good man. though with Monero, you are probably better walking away for 5 years. We have so much room for growth. Monero is a swiss bank for the common man.
Well it's going to be interesting to see what they end up choosing. I know that Triptych is one of several proposed ideas. Dr. Sarang is the goat though so I trust whatever he goes through with.
Triptych article for the uninformed: monerooutreach.org/stories/monero-triptych.html
No monero is decentralized. There is no centralized developer team and every upgrade is audited. Cryptonote has a lot of scams in its ecosystem but Monero is the as legit as it gets. CLSAG for example, which is going through in October, was audited last month and passed.

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How can you audit total supply if the amounts are hidden?

This article is a great write-up on auditing the supply.
web.getmonero.org/2020/01/17/auditability.html

yep. you can run a node. the node calculates the cyrptographic math, so inputs equals outputs (check out bulletproofs) and there are no key image duplicates. alternatively you can count the coinbase total with the CLI wallet.

This is how you know you’re invested in a quality project. Real shit