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0 sats \ 4 replies \ @yo2xncv0 18 Jun freebie \ parent \ on: What are your thoughts on Bitcoin losing the Darknet bitcoin
As for unknown inflation risk I'll give you that. Monero is technically more at risk (thats the trade off - privacy VS auditability). But Pedersen Commitments and Range Proofs are pretty well established at this point. They're based on cryptography from the 80s so I'm not very worried. Zcash was messing with some untested neo moon math at the time so that is not surprising.
There are other critical areas where Bitcoin uses cryptography for security, yet these concerns never seem to come up there. Which seems a bit convenient to me.
But Pedersen Commitments and Range Proofs are pretty well established at this point. They're based on cryptography from the 80s so I'm not very worried.
I haven't heard of that before, have to look more into it. Thanks for sharing
There are other critical areas where Bitcoin uses cryptography for security, yet these concerns never seem to come up there. Which seems a bit convenient to me.
Can you give some examples?
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public-private key pairs and mining
These are in no way comparable in the levels of complexity to the stuff monero does. Public-private key cryptography is one of the simplest things you can do in cryptography. It is what the whole internet is build on.
Also there is the point of how many years can pass until an inflation bug would get noticed.