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by X86BSD 3225 days ago
I could argue the merits of the ringsize but it would be moot because it's being bumped to 10 in September. So I will just leave this here as a note that the argument that a ringsize of 3 is not very anonymous will be moot in September for future readers.
1 comments

Even with ringsize 10, it does not help if someone does BTC->XMR->BTC with the same exchange (or an exchange that shares records) without adding some XMR->XMR churn steps inbetween.

My future freedom depends on me getting this right, so I am a bit sensitive on this topic. It took me a while to cut through the fluff and figure out how to churn enough to make it safe. Fortunately I also used multiple Bitcoin mixers on both sides and didn't originally get our Bitcoin investment in a way that's directly linked to any of our identities.

It is somewhat irresponsible of Monero's marketing to make such grandiose privacy claims at the moment. I say this as someone that loves Monero and thinks their team is fantastic, and I'd bet Monero will be the privacy currency winner if it isn't already.

I'm with you on the "my future freedom depends on getting this right". Im in that same boat.

Personally I can see someone obviously paying me in BTC. But I will only send out XMR. It's a one way street with me regarding BTC.

Time is going to tell wether we retain our freedom or not by betting on XMR.