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by matheusmoreira 1931 days ago
> most of us are in here for the money and don't give two hoots of the technology

Monero's technology enables private and untraceable transactions. It's amazing and I own some just because of that property. Seems to be the only cryptocurrency that still aims to be an actual currency.

You're right about the altcoins though.

2 comments

>Monero's technology enables private and untraceable transactions

Not exactly. The decoy inputs/outputs provide some plausible deniability when you look at a transaction in isolation, but over repeated transactions it gets gradually lost. It's not enough to pin you as a criminal with 100% certainty, but it's enough for the police to keep an eye on you and wait for you to slip up.

> but over repeated transactions

Doesn't this require an exchange to provide external information? It is my understanding that it's impossible to correlate transactions using blockchain analysis alone.

>Doesn't this require an exchange to provide external information

or a donation address, or a cooperative counterparty when you buy/sell something (think darknet market that got radided, or a payment processor that sells its transaction information).

I love Monero. The transactions are fast and cheap too.
Yeah, I spent about $60 worth and the transaction fee was $0.0000113.

That, combined with the privacy makes it seem really usable. I’d love a way to make cheap, private, digital payments