Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: bander on August 01, 2014, 06:18:47 PM



Title: Untraceable payments
Post by: bander on August 01, 2014, 06:18:47 PM
is there such thing as completely untraceable payments in the crypto currency world? I know bitcoin can be tracked through the blockchain- like when sheepsmarket was hacked and the guy followed him through hundreds of accounts and a tumbler. You would think for something as hardcore on anonymity as the crypto world there would be less transparency...


Title: Re: Untraceable payments
Post by: statdude on August 01, 2014, 06:21:47 PM
No tracking of blockchain possible with Monero/XMR.


Title: Re: Untraceable payments
Post by: fluffypony on August 01, 2014, 06:23:25 PM
is there such thing as completely untraceable payments in the crypto currency world? I know bitcoin can be tracked through the blockchain- like when sheepsmarket was hacked and the guy followed him through hundreds of accounts and a tumbler. You would think for something as hardcore on anonymity as the crypto world there would be less transparency...

Yes - Monero has cryptographically untraceable and unlinkable transactions. You can check any of the Monero blockchain explorers, such as monerochain.info, and drill down to a transaction and try figure out who sent it and who received it:)


Title: Re: Untraceable payments
Post by: counter on August 02, 2014, 01:11:51 AM
Short answer is yes.  Untraceable payments is all the craze right now and we've been to subjected to pump and dump coins claiming to offer the feature.  Cryptonote coins like Bytecoin, Monero, Quazercoin, Fantomcoin, Ducknote, BBR are untraceable.  There are other coins that are working hard to offer this feature but it isn't currently available in currently but I feel they are close to say the least.  I'm not going to advertise which coin I believe will be on top but I will say it has not been mentioned in my post.  :)


Title: Re: Untraceable payments
Post by: saddambitcoin on August 02, 2014, 02:34:02 AM
see link in signature

lol


Title: Re: Untraceable payments
Post by: bander on August 06, 2014, 02:15:06 PM
What other technologies are working on this? I actually just heard about cryptonote in another thread.  And thats not the same Bytecoin that came out a while ago right? I found a couple of websites for Bytecoin and was confused...


Title: Re: Untraceable payments
Post by: fluffypony on August 06, 2014, 04:35:22 PM
What other technologies are working on this? I actually just heard about cryptonote in another thread.  And thats not the same Bytecoin that came out a while ago right? I found a couple of websites for Bytecoin and was confused...

Monero works (as do the rest of the CN coins including the reference code, as you pointed out), ZeroCash will work as well (although it will have a trusted accumulator problem that remains unsolved at this juncture). No others have this - if you can view the balance on an address it is not untraceable.


Title: Re: Untraceable payments
Post by: dadon on August 06, 2014, 04:42:40 PM
Short answer is yes.  Untraceable payments is all the craze right now and we've been to subjected to pump and dump coins claiming to offer the feature.  Cryptonote coins like Bytecoin, Monero, Quazercoin, Fantomcoin, Ducknote, BBR are untraceable.  There are other coins that are working hard to offer this feature but it isn't currently available in currently but I feel they are close to say the least.  I'm not going to advertise which coin I believe will be on top but I will say it has not been mentioned in my post.  :)
we both know it's XC Wilfred...check it..https://bitcointalk.org/index.php?topic=630547.0  8)


Title: Re: Untraceable payments
Post by: fluffypony on August 06, 2014, 05:15:06 PM
Short answer is yes.  Untraceable payments is all the craze right now and we've been to subjected to pump and dump coins claiming to offer the feature.  Cryptonote coins like Bytecoin, Monero, Quazercoin, Fantomcoin, Ducknote, BBR are untraceable.  There are other coins that are working hard to offer this feature but it isn't currently available in currently but I feel they are close to say the least.  I'm not going to advertise which coin I believe will be on top but I will say it has not been mentioned in my post.  :)
we both know it's XC Wilfred...check it..https://bitcointalk.org/index.php?topic=630547.0  8)

If you can see someone's balance on the blockchain, it is inherently devoid of unlinkability and untraceability. In other words, if I send 1.486 XC and within a period of time an address receives 1.486 XC a link can be made between the sender and the recipient. No amount of mixing can disguise that link.

http://chainz.cryptoid.info/xc/#!rich (http://chainz.cryptoid.info/xc/#!rich)

'counter' is correct, you cannot see the balance of anyone using a CryptoNote-based cryptocurrency. It is inherently and truly cryptographically unlinkable and untraceable for ALL transactions.


Title: Re: Untraceable payments
Post by: giveBTCpls on August 06, 2014, 05:19:34 PM
Thats why Monero has a legitimate, justified spot within the crypto world. Want true 100% cash-tier untraceability? move your stuff with Monero.