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this post was submitted on 23 Jul 2023
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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then why are you churning bro? if you don’t want privacy what is the point of even trying to fake privacy by obsfucation?
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.
https://news.ycombinator.com/item?id=15334570
Outdated + only applies to people who churn in a bad way.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.
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.
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.
I take it you pay taxes on your monero, then?
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 :)
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.