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    Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4674945 times)
    medusa13
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    hello world


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    December 08, 2015, 09:15:20 PM
     #27861

    i did not know this about the viewkey.

    doesnt this take all the magic away? i mean maybe i misunderstood, but if you cant see outgoing transactions with the viewkey, how is it usefull at all?
    the information that something was there once is not enough for auditing.

    It isn't sufficient for proof-of-solvency. To do that you need a more interactive protocol where the site moves the coins or discloses key images.

    It is sufficient for general auditing because you can demand that the owner account for everything that was received. The owner can prove what was spent and can then disclose that proof (either publically or privately to an auditor).

    wow sorry guys i did not know this...

    have to say i find the information about this (the picture above or what fluffy sayd in that presentation the other day) very missleading when it comes to this to be honest..

    but maybe its also good like that, more like switzerland, declare whatever you like

    so..if i send the same money to the same account again and again, what balance does the viewkey show? all incoming transactions combined?

    XMR Monero
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