Bitcoin is Stupid and Does Not Deserve an Emoji
thedabbler.patatas.ca

35 crypto companies got together to make a change dot org petition called “Bitcoin Deserves an Emoji”.

F that

  • ChakravantiEnglish
    22·
    3 months ago

    No. It doesn’t change any of that. It’s still trackable %100

      • ChakravantiEnglish
        12·
        3 months ago

        Still not close to the same. That’s borrowed functions on one chain. Monero is triple encrypted. You crack one and you got no time left before the next chain flips the whole shebang.

        • zalgotext@sh.itjust.worksEnglish
          3·
          3 months ago

          Monero is triple encrypted. You crack one and you got no time left before the next chain flips the whole shebang.

          If monero is using sane, modern encryption algorithms, “triple encryption” doesn’t really get you meaningfully more security.

          It already takes an insane amount of time to brute force good encryption algorithms, so if people are cracking your encryption, they’re doing it via some vulnerability/flaw/exploit in the algorithm which allows then to crack things much faster than brute forcing. If you use the same encryption algorithm for all three layers, you just have to exploit it three times instead of one, which isn’t really adding any difficulty to a competent attacker.

          What if you use three different encryption algorithms, you may ask? Well, that’s even worse because you’ve now tripled the attack surface of your encryption scheme.

          • ChakravantiEnglish
            11·
            3 months ago

            That’s not at all addressing a single thing over what goes on in Monero. You either get it or you don’t and you just don’t. Go read more, yacky.

            • zalgotext@sh.itjust.worksEnglish
              1·
              3 months ago

              If you’ve got some articles handy, feel free to link them. My searches aren’t finding anything about Monero’s “triple encryption”.

                  • ChakravantiEnglish
                    11·
                    3 months ago

                    No. Educate yourself on how Monero works. All I’m saying is that it’s the safest. You want to understand complicated shit then go figure it out. I ain’t here to teach how shit works when the Moneropedia does it all already.

                    The short is that there are three factors. Each of which are separately encrypted and handle separate parts of the Monero. You have to crack all three to know about any particular exchange. They’re not on top of each other they way you infer.

        • explodicle@sh.itjust.worksEnglish
          2·
          3 months ago

          It’s not close to the same thing, but definitely not trackable 100%, and comparable levels of privacy. Having less elegant code doesn’t change that. If you’d like, we can perform a test in which I make a lightning payment and you track it.

          I don’t think it’s likely that an attacker can crack even your first layer of encryption in the time it takes for a transaction to propagate and settle.