Comment on Are there any payment aggregators (Like Paypal for instance) that prioritize user privacy?
MnemonicBump@lemmy.dbzer0.com 2 days agoIt’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.
prole@lemmy.blahaj.zone 1 day ago
Monero, the crypto, is untraceable. Any user error is unrelated to that.
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.
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.
MnemonicBump@lemmy.dbzer0.com 18 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.
prole@lemmy.blahaj.zone 18 hours ago
Not trying to fight, I was just struck by how wrong you were that’s all.
MnemonicBump@lemmy.dbzer0.com 17 hours ago
If you use the same wallet for multiple transactions, you create a forensically-discocerable trail. It doesn’t give any information in and of itself, but can be used to determine frequency of use, which can be used to trace you. This is, like very basic opsec, just in terms of what you should and shouldn’t trust. That’s what I’m saying here, and you’re missing it because you want to defend a coin that you