SaberhagenTheNameless on Nostr: Of course there will be malicious nodes on Monero just like on Bitcoin. Not sure how ...
Of course there will be malicious nodes on Monero just like on Bitcoin. Not sure how that's unique to Monero. You can't stop that with open permissionless systems.
Satoshi has a whole section dedicated to privacy in the white paper. They were also attmpeting to have a form of privacy. And at the time that was probably good enough. It isn't anymore.
You should watch the recent chainalysis video on Monero so you can see yourself how little information they were able to glean even with the user using their malicious node. Remote nodes can see far less information on Monero transactions VS Bitcoin. They can't see amounts or receivers. They were basically correlating IP addresses (network level) to transactions which they admitted themselves wasn't an exact science. FCMP will render even these edge cases obsolete.
https://localmonero.co/knowledge/remote-nodes-privacy
Satoshi has a whole section dedicated to privacy in the white paper. They were also attmpeting to have a form of privacy. And at the time that was probably good enough. It isn't anymore.
You should watch the recent chainalysis video on Monero so you can see yourself how little information they were able to glean even with the user using their malicious node. Remote nodes can see far less information on Monero transactions VS Bitcoin. They can't see amounts or receivers. They were basically correlating IP addresses (network level) to transactions which they admitted themselves wasn't an exact science. FCMP will render even these edge cases obsolete.
https://localmonero.co/knowledge/remote-nodes-privacy