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Li₿εʁLiøη Profile picture
@liberlion17
May 12 • 3 tweets • 1 min read Twitter logo Read on Twitter
1/3 How does #MONERO provide me with #privacy?
Monero has privacy technology that combines several protocols such as RingCTs, Stealth Addresses, Bulletproofs and Dandelion++
2/3 Ring Confidential Transactions (RingCTs) is used to obfuscate the sender of a transaction and the amount, while one-time Stealth Addresses are used to hide the recipient's address using a method known as DKSAP.
3/3 Bulletproofs is a protocol that improved RingCTs, reducing the size of transactions, resulting in faster verification times and lower fees.
Dandelion++ was developed to hide the IP address of the sending device.

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More from @liberlion17

Li₿εʁLiøη Profile picture
May 12
1/4 In terms of profitability, while BTC took 900 days to reach 37x in its first bull market cycle, #Monero took 1279 days to give a return of 95x.
2/4 This is not a financial advice, it is a utility tip, because it is important to understand that price follows value, and the utility of Monero will become evident over the next few years.
3/4 Although no one can predict exactly what will happen in the future, #Monero may have a high demand for privacy in the coming years. Society is increasingly dependent on digital processes, and governments are using technology to increase surveillance and control over people.
Read 4 tweets
Li₿εʁLiøη Profile picture
May 12
1/5 When superficial changes are implemented to address underlying problems, there are often poor results.
2/5 Bitcoin Core developers have always denied the possibility of increasing the block size directly, but have introduced patches like SegWit and Taproot to gain efficiency and security.
This allowed data to be added to the blockchain at low cost.
3/5 I anticipated this months ago, #Bitcoin will become a useless network. Miners today earn more "junk" money, but when one party doesn't get what they want, there is no business. Users wait hours to validate their tx.
Read 5 tweets
Li₿εʁLiøη Profile picture
Feb 15
1/8
 You may have wondered, (I have), how on earth can I use an anonymity network when they will be heavily prosecuted?
It's very "romantic" Cypherpunk philosophy, but it's almost like living outside the traditional system.

Let's be practical.
2/8
 The answer is that for certain uses it is very useful. Let's see.
Cardano is a blockchain that will surely succeed, because of its good design but also because it is regulator friendly, then institutional investments will be allowed.
3/8
 The key here is a proper balance so as not to be banking 3.0.
So, you can use Cardano and similar blockchains for certain uses, but when you need strict privacy (or even anonymity) you will use privacy networks.
Read 7 tweets
Li₿εʁLiøη Profile picture
Feb 15
1/6 Many are obsessed with "mass adoption."
It makes sense to think about adoption because #Cardano was designed as an operating system for global finance #RealFi.
We must define what is mass adoption.
2/6 I believe that first is its global distribution, meaning that there is interest in the different citizens of any country for the utility it provides, then the number of people comes second.
It may be a blockchain of use to many but not to all.
3/6 We must understand that decentralization is also interoperability, and Cardano is ready for it. There are other blockchains that have better infrastructure for certain uses and Cardano can bridge to them.
Read 6 tweets
Li₿εʁLiøη Profile picture
Feb 14
1/4 There are voices for and against KYC and #ContingentStaking
In favor are those who are not against regulators and encourage mass adoption regulated by governments.
In this case, for me, it will be banking 3.0.

Others advocate privacy.
2/4 Remember the strong discussion in the Bitcoin community regarding the size of the blocks, which led to the Bitcoin Cash fork in 2017.

Do you think it is impossible for a Cardano fork to happen?
3/4 It would remain, the current Cardano, from IOHK, with KYC, and all compliance with regulatory standards, such as a bank.
Read 4 tweets
Li₿εʁLiøη Profile picture
Feb 14
1/4 The Cypherpunks' cause of struggle was the defense of people's privacy. The tools they used and designed were based on cryptography.
Thanks to them today we have the crypto space.
2/4 Our job is to defend it and not allow central regulators to restrict the scope, with rules to limit or prohibit them. KYC, to defend society from bad actors is the best excuse for governments to spy on your privacy and actions.
3/4 My article with a brief summary of its main actors:
liberlion.medium.com/cypherpunks-88…
Read 4 tweets

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