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Author Topic: Is this the end of Monero?  (Read 334 times)
Abiky
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December 23, 2020, 05:09:13 PM
Merited by Hueristic (1)
 #41

Dandelion is already part of Monero for almost a year.


CipherTrace's claims are not true. Their CEO was interviewed here: https://www.youtube.com/watch?v=w5rtd3md11g

And CipherTrace said on twitter: Nobody can deterministically trace Monero transactions yet.

https://twitter.com/davejevans/status/1330008956270374918

Well that's a relief. I was always skeptical about CipherTrace's claims related to tracing Monero transactions, as they were unable to provide proof to the public. It looks like it was all part of a scheme to scare away people off the Monero blockchain. After all, governments don't want people to achieve true financial sovereignty. Now that we know CipherTrace's claims are false, we can finally confirm that Monero is rock-solid when it comes to achieving full-fledged privacy. With the XMR blockchain upgrading itself every 6 months, Monero will be able to live up to its name as the best anonymous cryptocurrency in the world.

Nonetheless, we have to admit that no system is perfect. There will always exist flaws/vulnerabilities that need to be addressed. As long as the XMR community remains vibrant, the project will survive for a very long time. There are a vast number of developers working day and night to ensure Monero maintains security, reliability, and anonymity. Since the project is decentralized and open source, Monero will be able to stand the test of time. Regardless of what governments' efforts may be, the censorship-resistant nature of the Blockchain will make Monero truly unstoppable. Ultimately, governments will shut down Fiat on/off ramps for Monero. But people will still be able to get access to it "behind the scenes". Just my opinion Smiley

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FaucetKING
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December 23, 2020, 09:18:40 PM
 #42

I think that these are just some lies that they are trying to spread in order to make the coin dumped. They can only trace Monero using the centralized exchangers that they have their hands on or even using the KYC procedures and dealing with governments. I don't really think that they could trace the transactions in Monero, it is so hard for them to do it using the explorer only.
marilynmanson21
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December 24, 2020, 02:45:39 AM
 #43

I think that these are just some lies that they are trying to spread in order to make the coin dumped. They can only trace Monero using the centralized exchangers that they have their hands on or even using the KYC procedures and dealing with governments. I don't really think that they could trace the transactions in Monero, it is so hard for them to do it using the explorer only.
There is a chance that what you are saying is true, Monero is one of the best privacy coins, there is no way Monero is simply worthless for a minor issue, so it is possible that it is only a temporary issue so that many people sell Monero and when the price drops they will buy it.
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