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    Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4674637 times)
    smooth
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    July 25, 2014, 11:20:21 PM
    Last edit: July 25, 2014, 11:31:35 PM by smooth
     #10641

    So here is a question. Is your position that people who are trying to act transparently in the manner you have outlined have no effect what so ever on the privacy of individuals who are concerned about privacy. Or is your position that it has a very small or relatively small effect. If it is the latter than by what mechanism is the privacy of other individuals effected.

    It can't have no effect. The nature of mixing is that you are hiding a needle in a haystack. The haystack is the combinatorial explosion of other potential paths that could point to you. (The animated graphic on the cryptonite site is helpful.) If the haystack gets smaller -- either because of people identifying their transactions, or because they aren't using the coin at all -- then it obviously becomes easier to find the needle (i.e. you).

    We are working on various ways of making the process of finding the needle harder. Whether it is then "hard enough" for useful privacy will depend on various factors that are hard to quantify right now, including what people consider to be "useful," how much usage there is in the coin generally, and the nature of that usage. Arguably, for some use cases, it is already good enough. For other use cases it will become good enough once improved. For still others it may not be good enough until there are further improvements and/or much greater usage. Finally there may be some use cases for which it may never be good enough. I also think it is possible the latter case may not occur, since combinatorial explosions can be quite large (as in provably infeasible to untangle), but we don't know this yet.

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