If you have useful resources or questions, please reach out!
The goal here is to build a go-to resource that marries the promise of trustless zk-SNARKs with the specifics of Monero's payment protocol to ease potential research and interest by Monero developers and researchers, not to push for implementing zk-SNARKs ASAP.
Apr 21 • 19 tweets • 6 min read
1/ I'm really tired of responding to lots of comments from DERO people claiming they've solved the worlds problems and scamming people with false marketing, so here's a thread breaking down all of their grandiose claims 👇
2/ DERO claims to be using "fully-homomorphic encryption" to prevent nodes from being able to see transaction information.
Not only is this nonsensical (zk-proofs allow verification without revealing data simply) FHE is absolutely unusably inefficient:
1) Receive privacy is poor 2) Routing cross-network makes privacy of channels poor 3) L1 privacy issues cascade onto L2 to great detrimental effect
One of the biggest paradoxes of Lightning is that cross-network routing *requires* public knowledge of nodes, channels, and channel UTXOs/balances, but LN is being relied upon to "fix" all of the privacy issues of L1.
These problems are not easy to solve, maybe impossible.
Apr 14 • 5 tweets • 2 min read
Looking more and more like exchanges are paper trading #Monero and lying about how much they have to customers.
Opt out, get those keys off exchanges and actually own your $XMR:
2/ First off, Jimmy mentions that Monero's anon set is small because of large transactions.
Anon sets are not a very useful single way to measure real-world privacy, but if he wants to use that number, let's.
Mar 31 • 12 tweets • 6 min read
1/ So you're finally startling to wrestle with #Bitcoin's lack of fungibility, but aren't sure what that means for you.
What can you do to protect yourself from becoming another entry in the fungibility graveyard?
A thread on steps you can take below.
sethforprivacy.com/posts/fungibil…2/ The first - and often most important - step is avoiding know-your-customer (KYC) exchanges whenever buying or selling Bitcoin to ensure you don't provide a trivial link between your ID and on-chain transactions:
2/ First, the one thing I do agree on -- price has not reflected the growing adoption and usage of Monero, and has tended to lag other cryptocurrencies in the space.
However, this isn't due to it's privacy-preserving nature, it's likely due to it's "do one thing well" realism.
Jan 29 • 20 tweets • 10 min read
1/ The @citadeldispatch episode focused on the debate around know-your-customer (KYC) exchanges, their risks, and the importance of avoiding KYC, is one of the most important pieces of content to come out in the #Bitcoin space for a long time:
The unfortunate thing here is the government is using “aggregated indicators derived from cell-tower/operator location data" to surveil their citizens, something that cannot be prevented even with a privacy-preserving OS like @CalyxOS.