The "shell game" part of Monero is only it's ring signatures (sender) Amounts and ...

SaberhagenTheNameless / Saberhagen The Nameless

npub14a6…z6rn

2023-07-22 01:22:23

in reply to nevent1q…7l68

The "shell game" part of Monero is only it's ring signatures (sender)

Amounts and reciever don't appear on the blockchain at all.

So in the scenario you correctly guess the true spend out of 15 decoys for a single tx "Hey guys this anonymous user sent $[redacted] to [redacted]"

Much less data and not as exciting as you make it seem. Plans are already under way to implement 128 or 256 decoys with Seraphis and eventually full membership proofs to get rid of rign signatures completely.

Dero tech seems great in theory, but in practice and implementation I'm not sure. I'm not a Dero expert, so correct my ignorance please, but these are the reasons I'm cautious and skeptical of it:

-marketing seems too good to be true and gimmicky
-centralized and targetable entity (Dero Project)
-dev tax/premine
-extremely limited developer community, almost no one is watching the code
-very cutting edge, unresearched, and unproven HE tech
-fixed supply (high future tx fees if adopted, and future mining insecurity)
-links on the website are broken or are pages like this that dont go anywhere (??? is this just a joke about how private it is?)

https://www.derofoundation.org/

https://github.com/deroproject/documentation/blob/master/Dero_Whitepaper.pdf

Author Public Key

npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rn

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Published at

2023-07-22 01:22:23

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1 Short Text Note

Event JSON

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