Monero's Achilles' heel ?

[bbc.reporter]

Thank you for the clarification.

You're welcome.
You could close the thread, since it became a battleground like most threads about Monero.
Quite a shame, since it started nice. Maybe too nice

It would not be too shocking if we find out that this is part of a misinformation strategy to discredit Monero. Andrew Miller is a consultant of Zcash just in case none of you know. Fluffypony himself does not believe the purpose of the paper is for research purposes as mentioned in this article.

Fluffy Pony ensures the research is not the issue. The problem is the paper was portrayed as alleging that Monero is not capable of providing anonymity. It was published just an hour prior to the hardfork. One of the authors even praised the paper as proving the grave secrecy weakness of this virtual currency. They were not researchers striving to improve the environment but paid by ZCash and its associates to malign Monero.

I read it from here https://www.crypto-news.net/monero-transactions-history-could-be-revealed-and-exposed/

That article offers a simple and newbie friendly explanation.

[bitwolf]

Oh I see qwizzie, the dash-trash BCT PR is on 24h duty again creating threads against definitely better coins than his instamined multiple rebranded to hide the scam shitcoin.
I asked multiple times where is the dash trash used and I either get banned or ignored - but no answer. Here is a comparison of google trends between monero search and dashcoin. Only "dash" is on purpose not included:
https://trends.google.com/trends/explore?q=dashpay,monero,dash%20coin

Dash trash broken btc copy-paste has only PRs and hypes created by the easy to integrate copy-paste code, but no solid grounds to step on and build anything new and useful. Yes it is for now faster than monero like it is faster to get robbed in the ghetto ( and btw Monero instant transactions are being currently developped ).  Noone uses dash practically, just btc whales use it as a hedge because most dashcoins are locked in the centralization called masternodes who get a huge reward without doing anything and this will be as long as the btc whales manipulate the market with their huge pump and dump possibility of their massive deposits of the old overpriced and broken bitcoin.

[dinofelis]

You have a point, but I think you're not understanding something. Why is Monero's price not increasing? Because the market does not believe it is worth more than its current price. While a GUI would make no difference to many supporters, it would interest a large amount of Bitcoin users. In order for it to become more widely adopted, it needs to attract many people, not just the diehard anonymity supporters who don't mind using something inconvenient like command prompt.

I've told the monero fanboys a couple of times back in 2015 and 2016 that XMR can be the best coin, it can cure cancer and do miracles but it not going to gain widespread support and adoption, until the client isn't easy to handle even for my grandmother, and only a few fans and a bunch of stoners knows about it's existence.
Two things made Microsoft big (however Windows always been a trash): 1. easy to use GUI, 2. Tons of marketing. ...and that's why DASH is doing better than XMR now, despite the clunky technology and all the questionable activities around the launch. Back then they never listened, nowadays as I see at least they put together a good client.

The question is even, whether a coin, looking to serve privacy, needs to be "mass adopted".  I would think it is better if not.  Of course, you need some market cap for sure, but this is now largely sufficient for those needing to do private transactions amongst them I'd think.  And honestly, if you can't handle a CLI, then maybe "private transactions on the internet" is not something you should consider in the first place.

Of course, an opposite argument is, the more people use it, the more "anonymity set" you get.  But also the more attention you get, the more silly "demand for regulation" you get from disgruntled idiots using it not for matters of privacy, and, worst case, traders wanting it to be as regularized as possible in order for them to be able to use it as much in finance as a gamblers' token as they can.

[Snail2]

Oh I see qwizzie, the dash-trash BCT PR is on 24h duty again creating threads against definitely better coins than his instamined multiple rebranded to hide the scam shitcoin.
I asked multiple times where is the dash trash used and I either get banned or ignored - but no answer. Here is a comparison of google trends between monero search and dashcoin. Only "dash" is on purpose not included:
https://trends.google.com/trends/explore?q=dashpay,monero,dash%20coin

Dash trash broken btc copy-paste has only PRs and hypes created by the easy to integrate copy-paste code, but no solid grounds to step on and build anything new and useful. Yes it is for now faster than monero like it is faster to get robbed in the ghetto ( and btw Monero instant transactions are being currently developped ).  Noone uses dash practically, just btc whales use it as a hedge because most dashcoins are locked in the centralization called masternodes who get a huge reward without doing anything and this will be as long as the btc whales manipulate the market with their huge pump and dump possibility of their massive deposits of the old overpriced and broken bitcoin.

Well, this topic is about Monero, not about DASH.

Moneros Achilles' heel is the constant shilling and spam it got in the past. There are a lot of traders and crypto user who avoid it just because of it's past.

Some nice illustration above . Indeed some monero supporters tend to be overzealous and that tend to be counterproductive.

[toknormal]

Monero's Achilles' heel is that it uses encryption (hiding) as its basis for anonymity.

Encryption is an appropriate technology for transient payment systems where the information is just "passing through".

For an unbacked monetary store of value it's little more than a high-tech time bomb. (Particularly when it forms the sole basis of its value proposition).

[ROT13]

That's great OP.  Now back to the Zcash/Dash threads like a good boy

[Snail2]

The question is even, whether a coin, looking to serve privacy, needs to be "mass adopted".  I would think it is better if not.  Of course, you need some market cap for sure, but this is now largely sufficient for those needing to do private transactions amongst them I'd think.  And honestly, if you can't handle a CLI, then maybe "private transactions on the internet" is not something you should consider in the first place.

Of course, an opposite argument is, the more people use it, the more "anonymity set" you get.  But also the more attention you get, the more silly "demand for regulation" you get from disgruntled idiots using it not for matters of privacy, and, worst case, traders wanting it to be as regularized as possible in order for them to be able to use it as much in finance as a gamblers' token as they can.

As there is a steadily growing demand for privacy and the privacy of financial activities is an integral part of that, Monero could come handy. I do understand your concerns about idiots and demands for regulation, but do you really want to surrender most of the market to DASH and Zcash because of them? BTW idiots, business folks, lawyers and their demands can be easily kept at bay as long as the devs and most of the community stick to their principles.

[dinofelis]

The question is even, whether a coin, looking to serve privacy, needs to be "mass adopted".  I would think it is better if not.  Of course, you need some market cap for sure, but this is now largely sufficient for those needing to do private transactions amongst them I'd think.  And honestly, if you can't handle a CLI, then maybe "private transactions on the internet" is not something you should consider in the first place.

Of course, an opposite argument is, the more people use it, the more "anonymity set" you get.  But also the more attention you get, the more silly "demand for regulation" you get from disgruntled idiots using it not for matters of privacy, and, worst case, traders wanting it to be as regularized as possible in order for them to be able to use it as much in finance as a gamblers' token as they can.

As there is a steadily growing demand for privacy and the privacy of financial activities is an integral part of that, Monero could come handy. I do understand your concerns about idiots and demands for regulation, but do you really want to surrender most of the market to DASH and Zcash because of them? BTW idiots, business folks, lawyers and their demands can be easily kept at bay as long as the devs and most of the community stick to their principles.

I have to say I don't know.  On one hand, I'm tempted to say that too big a market is not a good thing, because it corrupts the basic ideas initially set out - look at how bitcoin is now a crabs bucket.  If the thing is too big, grows too much, becomes a lucrative "investment" (greater-fool betting game), then essentially it becomes a toy for "idiots, business folks and lawyers".  But I don't believe in the "devs and the community" either: I could just as well believe in state, people and government then, and if I do, I don't need crypto.  So these are arguments to remain "small".
On the other hand, and especially in monetary affairs, small is often, dead, so that's an argument not to be left behind.
So, I don't know.  I'm not very optimistic.

[beerlover]

Monero had all of these before as well. I mean many people have tried to find a problem with Monero and failed, I agree that it will only go up in the long run, any coin that has this big of a community backing it up can’t go down that much, yeah there will be downs but it will only prepare for ups.

[NeuroticFish]

Monero had all of these before as well. I mean many people have tried to find a problem with Monero and failed, I agree that it will only go up in the long run, any coin that has this big of a community backing it up can’t go down that much, yeah there will be downs but it will only prepare for ups.

There's nothing wrong in looking for flaws in a coin. It just proves it's good or bad, really.
The bad part is that sometimes non-issues are presented in a bad light to trick the ones that don't know the things good enough.
I also try to understand that Dash owners suddenly god happy by these news (since they don't know and don't care if it's a real problem), although this Dash-Monero war is plain silly imho.

About the price, it's hard to tell. Since it's a coin under development it should have a bright future unless something really bad flaw is found and not fixed.
But the price is also the playground of the speculators and their play can make it grow fast, grow slow or even fall (at least temporarily).
My hope is that it'll grow. Why wouldn't both teams just prosper and be nice? Both Monero and Dash should grow as much as they deserve. And even more! (why not?)