Calling it a "privacy coin" is like calling it a "privacy health record" or "privacy clothing" or having a "private therapist".
No fucking kidding it's private. Who actually sets out to find a money that "allows" anyone, anywhere, anytime to see exactly how they are spending it?
A money that "allows" them to reveal their entire net worth to their barber when they pay for a haircut?
"Transparent coin" is a term used by those who serve technology. A sound money that real, everyday people can use in their real, everyday lives must be private.
#Monero #Zano #privacy
Login to reply
Replies (5)
I agree I think the public ledger in bitcoin is rediculous. Why should there be a permanent record for the entire world to read hey address one made x amount of transactions & sent address two x amount for x. Everything you bought your entire life will be public record I think that's what the government wants which is why now all these news feeds pop up saying governments purpose reserve in bitcoin they want to control the knowing of information.
With the new willow quantom chip i'm afraid that the encryption behind monero will be obsolete & crackable. I want to get more involved with monero & see if theres somewhere I can read about what the devs are planning to do to prepare for willows quantom cracking encryption system. Also I would like to know a good wallet that does not kyc & I could just make a wallet without giving an email address to start using XMR with. That's the monero short XMR right?
I highly recommend #CakeWallet.
As for Willow/quantum, you can take some comfort in knowing that itβs not just #Monero that is affected: every aspect of our digital lives would become transparent - even more than it already is. π
FYI Moneros privacy is quantum safe if you don't publically share your xmr address. Use quantum-resistant channels to share your address like SimpleX, Signal, or even mail/in-person
But as far as what is being done about it, the newest upgrade FCMP brings perfect forward secrecy which means even if a quantum adversary breaks a specific transaction it cannot retroactively decrypt past transactions
Comprehensive solutions are also being worked on:


Gist
Stepping Back
Stepping Back. GitHub Gist: instantly share code, notes, and snippets.
GitHub
GitHub - kayabaNerve/monero-pq: A fallback protocol to be adopted if necessary, improving until then
A fallback protocol to be adopted if necessary, improving until then - kayabaNerve/monero-pq
Privacy IS wealth!
I understand the great need for privacy... Without it, armed men (and women) will stalk you in the dark, attack you, abuse you and steal everything you have and then lie, mock and ridicule you for telling them, no.
I also understand the need for transparent transactions for heritable reasons. It's the edits/no-edits argument here on Nostr. If they can erase the past, who's to know anything for sure?
There must be a basis to reason from. It can be arbitrary, but there MUST be a basis! I like privacy. I like openness. I like being able to choose.