Thread

Privacy is one thing, KYC is another. KYC deanonymizes you (anonymity not privacy). The lack of privacy in most "cryptos" further compounds the problems because now you are not just pseudonymous with no privacy, you are not anonymous with no privacy. This is why #monero matters and has always mattered: your privacy is always protected, and onchain your anonymity is protected as well. If you have to KYC, better do it with something that gives you transactional privacy while on and offramping from that service. Unfortunately, as anyone with half a brain would have successfully predicted, once the powers that be could depseudoanonymize people on fully transparent chains, anything else (that does not provide total control/surveillance) was bound to be demonized. And *that* only became possible because millions of retards thought it would be a great idea to plaster their every financial transaction to an eternal wall with full transparency.

Monero has leaks, as shown here: https://moneroleaks.xyz They seem to be getting fixed, but it's unlikely it'll come sooner than later.

Most of those are bullshit, the guy who runs the site is a known provocateur on a crusade against Monero,, if you want to hear how his arguments stand up against someone who actually knows what they're talking about, find his interview with Luke Parker. Or search my history, I remember refuting the "arguments" on that site one by one months ago.

The sender knowing the one-time stealth address that *they generated* and *the amount they are sending* is hardly a "leak". It's like saying cash isn't private because you as the payer know how much you paid and what envelope you placed the cash in. No third parties are privy to any of that information. Counterparty also doesn't know your balance or what ends up happening with that money after they paid it. The sender privacy part seems like the major one here that is a fair criticism. But it's a difference in magnitude/probability not a deterministic "leak". Ring signatures are mathmatically ZK within their ringsize (that could be 3, or 100,000,000+, or any arbitrarily large size). FCMP is mathematically ZK with every output on-chain.