Monero tracking

[369]

We had a dev team we paid yearly 5 million USD .Top notch⁠ devs which are working now on top 30 projects as leader devs.
And it took⁤ them nearly 5 years to find out that a scammer dev minted an additional 250⁣ millions of tokens and sold them over time.
So much to your question what he⁢ could provide.
If he knows what he is doing and how to hide it there︀ is no way to find it quickly.
That scammer dev tricked everyone.Our devs,our community even︁ the code was open source,Dan Larimer who created EOS,Exchange Audits etc......
It came out by︂ luck when a dev was rewriting an old code and stumbled on it.

 

[polonieth]

What's the project?

There is quite a big difference between an inflation bug and︂ monero being fully traceable.

 

[369]

Bitshares created by Dan Larimer as main‍ dev and later took over by lead dev Ryan Fox who is now leading algorand.⁠
We had alot of top devs even with Dr.Dr. titles who are all now in⁤ other big projects involved.
DAI creator was also orginaly from bitshares from where he took⁣ the idea of an algo backed stablecoin.In bitshares the stablecoin was backed by BTS and⁢ in DAI by ETH.Bitshares stablecoin failed many times (getting under colleteralized) because of way lower︀ market liquidity making its stablecoin gets depegged in big bear markets.

The best part it︁ was no inflation bug.The amount of BTS was fixed with a public reserve fund for︂ development administrated via DAO.
Noone saw that reserve fund had nearly 30% less tokens and︃ that these tokens were circulating even the auditors from binance,huobi,bittrex,poloniex etc
It was a big︄ shock for everyone.

 

[bb8]

Feather wallet is a good alternative to MyMonero!

 

[FantomOffshore]

Adding to⁤ my previous post, I was recently re-reading some papers and stumbled upon the old piece⁣ that Chainanalysis was boasting to the Italian police in leaked documents that it can secure⁢ leads on 80% of Monero transactions BEFORE the Pony exit and subsequent upgrade. This was︀ only because the Monero was reconverted to BTC and BCH though (it where funds stolen︁ through a major ransomware attack).

Statistically, only a small amount of transactions are transfers from︂ known non-KYC swap exchanges or function calls to privacy contracts. If you track these on︃ every chain, it becomes relatively easy to trace large amounts of funds that are being︄ chain-hopped / swapped cross-chain.

For one, you should ALWAYS use your own node if you︅ want to stay anonymous. I would not really say it is Monero that is causing︆ the spills of data but more the carelessness of users. Z-Cash looked pretty untraceable but︇ it became possible to track transactions because shielding was optional and only a tiny amount︈ of transactions even used shielding.

The inherent publicity of blockchain transactions is a big problem︉ that I would love to see solved sooner rather than later. The government has no︊ business analyzing everyone's financial transactions for the "greater good". For those interested, this is an︋ interesting paper and this is an amazing book that I would advice everyone to read.︌

 

[369]

your own node won't help against cia.only temp against small irrelevant small agencies.

 

[Marshal]

So guys what do you think, is it the end of Zcash? Or is it‌ just the effect of crypto winter? I mean it's trading @25 usd per coin right‍ now. How low can it go?

 

[Marshal]

I guess no one wants to talk about the coin that lost most of its‌ value... ns2

 

[JohnnyDoe]

Marshal said:
I guess no one wants to talk about the coin that lost most of its value... ns2
Click to expand...

I liked it, and I'm still holding it, but I guess xmr is better

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Marshal]

Thanks for responding. I know that you are a big fan‍ of monero 🙂 I suppose right now when we are in the bear market people are⁠ not very keen on discussing cryptos that have devaluated. I imagine many are in the⁤ red at the moment. Let's hope 2024 will bring some relief.

 

[justnew]

Is Monero safe again, we speak XMR right ? or is there a better anonymous‌ coin?

 

[JackAlabama]

no, its not. You need a hollistic approach to‍ it to make it work with every coin.

 

[CoinMaster]

We still believe Monero is safe and untraceable ?

 

[Revoltec]

I read the whole thread, and I do not understand why the claims for Monero‌ not being safe