Comment on Are there any payment aggregators (Like Paypal for instance) that prioritize user privacy?

• prole@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

  “about as close as you can” = literally untraceable lol

  Monero is legit. The technology is fucking impressive.

  source

  • MnemonicBump@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    It’s not literally untraceable (unless you mean figuritively literally) it’s just effectively untraceable.

    Also important to note that your transaction is essentially as private as you are, which assume that the user is taking precautions to not broadcast to the world what website they are going to and at what time and for what. So obviously the biggest flaw is still user behavior (using a sketchy exchange, using the same Monero wallet for multiple transactions, connecting your Monero wallet to another non-private wallet, and leaking metadata outside of the block chain are all things that can and do happen and make this not literally untraceable.

    But yes, it gets about as close as you can.

    Another heuristic examined in the study is the Coinbase output heuristic. This method identifies mining-related outputs in transaction rings and assumes that these outputs are less likely to be actual spends. Since regular users rarely mine Monero, researchers can often use this strategy to eliminate decoys. While it’s not a foolproof method, when combined with other techniques, it can sometimes improve traceability in investigations.

    trmlabs.com/…/the-rise-of-monero-traceability-cha…

    source

    • prole@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

      Monero, the crypto, is untraceable. Any user error is unrelated to that.

      using the same Monero wallet for multiple transactions

      You can use the same Monero wallet as many times as you want. I’m not sure where you got this idea that you can’t use the same wallet more than once, but it’s simply not true.

      connecting your Monero wallet to another non-private wallet, and leaking metadata outside of the block chain

      I honestly don’t know what you are even talking about? There are no “non-private” Monero wallets. It’s not possible. And how does one “leak metadata outside of the [Monero] blockchain”?

      Interesting link. Hmm you know, let me look up who this “TRM Labs” company actually is…

      Oh wait that’s weird, they seem to be directly aligned with the goals of the Trump administration. Huh.

      Just a coincidence that you used them as your source I’m sure. I’m certain you have other sources corroborating those claims and have no problem posting them here.

      source

      • MnemonicBump@lemmy.dbzer0.com ⁨15⁩ ⁨hours⁩ ago

        Heyheyhey, I’m not fighting with you here. You use Monero or not, I’m going to be sticking with cash and trade.

        source

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