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143 sats \ 3 replies \ @nullcount 8 Feb \ on: Monero people will tell you monero is untraceable but... crypto
I'm not convinced that anything can be "untraceable". Every action in the "real world" leaves a trace of some sort. Its just a matter of who can find the trace, and whether they can decode the trace such that it reveals something about the "real" action that occurred.
XMR relies on obfuscation of traces that everyone has access to.
LN relies on limiting access of transparent traces to only the nodes that route a txn.
Different approaches. Apples and Oranges.
Just because a protocol makes it easier to "act" with fewer and/or obfuscated traces than another protocol, does not necessarily prevent someone from using the protocol in a (wrong) way that creates MORE/TRANSPARENT traces.
Yup, it's fundamental in informationt theory. When you write a seed on paper there are indents in the table. If you grind the indents to sawdust that can be reconstructed. It's all a matter of, like you said, who has the capability to find the information and to decode it.
This is actually a fundamental part of cryptography too. "All the computers in the world would take a quintillion years to crack this key" is saying the same thing: it can be cracked, but there's no practical way to do it with current technology. So things can be practically untraceable without being absolutely untraceable.
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That is a very good way of putting it, but truly Monero only exists so that privacy is as simple and achievable as sending a tx, and having nothing else to worry about, and it's constantly improving like the next FCMPs++ upgrade, but of course the term "anon set" requires users, a crowd to hide in, so it only works well if many people use it
That way it makes all the work to reduce all possible user errors, because if someone in the system loses privacy, that means in the current decoy system others lose too, but in the future upgrade even decoys won't exist and be able to affect others
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