this post was submitted on 05 Aug 2024
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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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This is actually quite interesting because while as a community I would say this is a bad thing at the same time it's really a good thing because we can eliminate everything that people come up with. Just as an example, this entire YouTube video would not have even been possible with full chain membership proofs.
This isn't proof of of proper tracing. Its proof that ring signatures are not perfect in this panopticon world which is already known and more importantly a proper fix is being worked on. More safeguards can be applied by the paranoid by how you obtain (no kyc/no coin swap) and use (network level privacy/full node) monero. Fud. This just helps visually understand ring signatures and may have the opposite of their desired effect for those that dig deeper.