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this post was submitted on 23 Jul 2023
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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buddy, crypto uses cryptography. you aren’t putting extra crypto on top of that. give me a break. how would the network handle your transactions?!
decoys are obsfucation and obsfucation isn’t security. I am not the first person to say this; go read krebs on security. I got that memo years ago.
you are increasing your privacy in one very small and tiny way: you are making it harder for newbs to easily follow your transactions. are you concerned about newbs discovering your transactions or literally anyone with any sort of programming background.
keep in mind that the cryptography you are dealing with here has to do with accessing your funds (moving or receiving) via your wallet, that’s what crypto does. by making decoy transactions, you are actually painting a big target on your back, sort of the opposite of privacy. you’re associating your transactions with decoy transactions, which means it is more likely to get noticed.
seriously kid, go read up on how a linked list works, or a tree. it doesn’t matter what you do to try to obsfucate your transactions; if they worked on the chain, they are very much traceable.
but do give me a whitepaper or example transaction to look into. I could use a laugh. and maybe consider stopping painting a target on your back but hey.. you do you man.