| Sysop: | Amessyroom |
|---|---|
| Location: | Fayetteville, NC |
| Users: | 23 |
| Nodes: | 6 (0 / 6) |
| Uptime: | 46:52:45 |
| Calls: | 583 |
| Files: | 1,138 |
| Messages: | 111,071 |
Monero is the best crypto, Bitcoin is nice but it was
just first, things do come along that are better.
https://www.youtube.com/watch?v=pLezmbzbsrI&t=236s
Monero is what Bitcoin advertised itself as, but actually delivers.
Both Monero and Bitcoin can be deanonymized, but they use different methods. >While Bitcoin transactions are public and can be traced through various >techniques, Monero employs advanced cryptographic tools to obscure transaction >details, though it is still susceptible to certain tracking methods. >bithide.io schneier.com[end quoted "search assist"]
Deanonymizing Monero and Bitcoin
Overview of Privacy Features
Feature Monero (XMR) Bitcoin (BTC)
Anonymity High, uses RingCT and stealth Low, transactions are
Level addresses public
Transaction Default privacy, sender, Public ledger, easily
Privacy receiver, and amount hidden traceable
Tracking Timing analysis, transaction Address clustering,
Methods patterns transaction inputs
Techniques for Deanonymization
Monero: Despite its strong privacy features, Monero can be deanonymized through:
Timing Attacks: Analyzing the timing of transactions can reveal patterns.
Off-Chain Metadata: Information from outside the blockchain can link
transactions to identities.
Correlation with Exchanges: Transactions between Monero and exchanges can
be tracked, revealing user identities.
Bitcoin: Bitcoin is more susceptible to deanonymization due to:
Public Ledger: All transactions are recorded on a public blockchain, making
it easier to trace.
Address Clustering: Techniques like clustering can link multiple addresses
to a single user based on transaction behavior.
Real-World Examples
Monero: Law enforcement in Finland successfully traced Monero transactions
linked to a hacker, leading to a conviction. Similarly, Japanese police
arrested individuals laundering money through Monero.
Bitcoin: Agencies like the FBI have used transaction tracing to dismantle
criminal operations, demonstrating Bitcoin's lack of anonymity.
Both cryptocurrencies have vulnerabilities that can be exploited for >deanonymization, despite their intended privacy features.
bithide.io schneier.com