The fact that Monero is looking at a major upgrade this year in the era of AI assisted exploits, is extremely scary.
also, Monero intentionally did NOT pursue the kind of advanced cryptography Zcash uses and instead elected to use ring signatures, an underwhelming, rather hacky technology.
but it was decided that it was safer and now we have the benefit of many years of research and zcashs efforts in implementing FCMP.
it's still retarded to insist that that it's okay to trust cryptography for everything EXCEPT supply verification. why would you trust cryptography for one thing but make it taboo for another think?
it's only because the technology is young and it's hard enough to understand.
The attack service is finite.
all vulnerabilities that might be hidden will be revealed and will be fixed eventually.
The future is private.
#bitcoin #monero
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I do not doubt that fixes will be found, and inevitably, a privacy token that works will absolutely be developed. But "why would you trust cryptography for one thing but make it taboo for another thing?" Because i would use a gun to defend my life. Doesn't mean I'd use it to cut down a tree.
that metaphor doesn't make any sense because it's not a gun and it's not an axe.
it's peer to peer electronic cash.
Lol. Aight.
I mean... lol
maybe I just don't understand the point you're making
Everything is a tool. Some jobs can't be done with just any tool. Or more aptly for this metaphor, some tools are much harder to use for certain jobs than other tools. There's probably a way to back a screw out of a pressure treated 4x4 with a plunger, but i promise it'll take longer than using a drill.
Look I'm not a programmer. Shit might as well be swedish to me. But i can't imagine a way to create auditability without creating some sort of transparency somewhere in a script. There's probably a way to do it. I'm not the guy to ask. But in the conversation of auditable script vs cryptography, i absolutely could see how each would serve its own unique purpose in something as dynamic as privacy centric digital money.
You kind of hijacked an idea that I've been meaning to post about for a while. Well, you didn't hijack it. You just front ran me. 🤣
But my broader idea is that complicated cryptography or extended attack surfaces even that exist outside any cryptographic core are exactly the kind of thing we're going to see being exploited and destroyed by various lobsters.
And I do have a little bit of nervousness when it comes to FCMP etc.
Exactly for the reason you are saying.
anything that increases the attack surface right?
I expect it's going to be a pretty exciting couple years.
There is this misconception that Bitcoin maxis have, that a ledger has to be unencrypted and public to audit the supply...
Clowns 😂.
I wouldn't say clowns, just slightly on the spectrum

