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    Author Topic: [XMR] Monero Speculation  (Read 3316447 times)
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    smooth (OP)
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    February 27, 2015, 09:14:08 PM
     #2781

    Point 1 is true that DRK's privacy functions on the backbone of the masternode network, but even if the network were compromised tomorrow, all previous transactions would remain anonymous. Correct me if I am wrong, but if by some act of god (and excluding the ramifications of hash security not only on a mining level but on all systems secured by SHA256 being compromised), cryptonote was broken, all tx's (past, present, future) would be linked. It's a choice between on chain or off chain privacy.

    Nothing prevents people from adding off-chain privacy to Monero. You can do this now by moving coins through exchanges, gambling sites, or other existing intermediaries,  and people can create dedicated centralized or decentralized mixing services if the want (all of these may keep records or be compromised, but so may masternodes) You can easily add off-chain privacy to a coin with on-chain but not vice versa.

    Very true. I was simply making the point as it is out-of-box. You can always take more measures if you need more added privacy. The far more probable scenario in either coin's usage is the trails outside of the currency anyway leading to compromised anonymity.

    Somewhat agree, but I also believe that in a mature state, masternodes (and most of the other intermediary forms I listed) will routinely collect and share data, because the data is valuable both commercially and to governments. The political and market forces dictate that. There is no mechanism to even deter it in fact.

    The only person you can ever really trust with a secret is yourself.
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