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Tommy from AllArk

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[–] [email protected] 1 points 1 year ago (1 children)

You "buy" fiat by trading your time (working). You see, if you use this angle, everything can be considered a currency or can be deemed as not a currency because you trade something else to get it.

I don’t get why you’re so obsessed with the term "security". No, privacy and anonymity isn’t linked to the security aspect of XMR transactions. It just feels like you’re being dishonest about it.

I code too, I know what I’m talking about, it isn’t for anything that even the US government is looking to identify XMR transactions

Listen, I told you the thing that made XMR a good choice for currency usage: it’s the privacy aspect. You don’t want it? Good, XMR isn’t for you then. There are plenty of good alternatives!

Stablecoins can be controversial but are easy to use and you don’t really have to think. 1 USDT is 1 USD.

BTC is really known and accepted pretty much everywhere crypto is accepted, but has high fees and slow blockchain inclusion.

ETH is great for… making shitcoins I guess? And it’s nice that they changed to a more eco-friendly proof system.

LTC is BTC but with lower fees and fast blockchain inclusion, but it is less known.

I’m not trying to kill other cryptos, but I don’t get why you’re shit talking about XMR when you obviously don’t know the coin, and act like I said it was the best crypto in the world when I didn’t (although it’s my preferred one), and act like I said it was more secure and other nice things that I’ve just never said, or didn’t word this way.

[–] [email protected] -2 points 1 year ago (1 children)

privacy is a form of security my guy.

[–] [email protected] 2 points 1 year ago (1 children)

So google isn’t secure? Yea nah. You use security to protect your privacy, but privacy doesn’t mean security in itself.

I hardly disagree on that.

[–] [email protected] 0 points 1 year ago (1 children)

then why are you churning bro? if you don’t want privacy what is the point of even trying to fake privacy by obsfucation?

[–] [email protected] 1 points 1 year ago (2 children)

When did I say I didn’t want privacy? The systems in place to make decoys blend in transactions are perfectly secure and do indeed use cryptography.

They are in themselves secure as they work and can’t be worked around, but they do not make transactions more secure.

But come on, you must be doing this on purpose now.

[–] [email protected] 0 points 1 year ago (1 children)

https://news.ycombinator.com/item?id=15334570

Sending coins to yourself, aka churning, might not work so well after all, according to the latest MRL report. They say: " We at the Lab previously thought that one possible solution to knacc's described attack would be churning, where one sends funds to oneself multiple times before using at a merchant. Unfortunately, this leads to chains of self-referential transactions, which leave an undesirable and identifiable statistical signal. "

[–] [email protected] 1 points 1 year ago (1 children)

Outdated + only applies to people who churn in a bad way. I know what I’m doing buddy.

I also don’t think XMR transactions had a minimum output count set to 2 before, which was a pretty big giveaway of churning being used.

But even when not churning, you don’t really expose yourself to any risk. Sure you could distinguish yourself from the rest of the blockchain, but it doesn’t do anything to the external eye as they still don’t know on which account the coin currently is.

[–] [email protected] -1 points 1 year ago (1 children)

Bro, you are literally giving tips on how to money launder, and poor tips at that.

You seem to want to be caught by police, so you do you bro.

[–] [email protected] 1 points 1 year ago (1 children)

That’s not money laundering but okay

If you have no interest in privacy, then we can stop talking now, as Monero will be of no use to you.

[–] [email protected] -1 points 1 year ago (1 children)

I take it you pay taxes on your monero, then?

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Actually, yes I do lol

(Never admit you don’t, governments check your social media posts for admission of guilt)

But surely you pay taxes on your crypto incomes too :)

[–] [email protected] -1 points 1 year ago

buddy, crypto uses cryptography. you aren’t putting extra crypto on top of that. give me a break. how would the network handle your transactions?!

decoys are obsfucation and obsfucation isn’t security. I am not the first person to say this; go read krebs on security. I got that memo years ago.

you are increasing your privacy in one very small and tiny way: you are making it harder for newbs to easily follow your transactions. are you concerned about newbs discovering your transactions or literally anyone with any sort of programming background.

keep in mind that the cryptography you are dealing with here has to do with accessing your funds (moving or receiving) via your wallet, that’s what crypto does. by making decoy transactions, you are actually painting a big target on your back, sort of the opposite of privacy. you’re associating your transactions with decoy transactions, which means it is more likely to get noticed.

seriously kid, go read up on how a linked list works, or a tree. it doesn’t matter what you do to try to obsfucate your transactions; if they worked on the chain, they are very much traceable.

but do give me a whitepaper or example transaction to look into. I could use a laugh. and maybe consider stopping painting a target on your back but hey.. you do you man.