gh0p said:
I do agree that mixers are poor choice for long-term security on Bitcoin and other public blockchains. When it comes to XMR though, people should note having multiple wallets isn't enough there is a lot more going on the network side that has effect to the privacy of users. As an example to what I am saying take a look at
https://www.reddit.com/r/Monero/comments/1fe8m53/is_this_real_guys
I'll quote one of the users as it encapsulates it well:
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Completely agree. I already mentioned this in another post
here, to quote my self:
ActionMan said:
from the leaked video, chainanal seems to own 40% of the nodes. it's just a surprise (not really) that you see that they also get other data from main wallet nodes.
Correct! what are they doing is basically rendering Dandellion++ useless. it doesn't matter if dande protects subsequent connections, since if you are connect to Chainanal malicious nodes directly, from your own device. it's game over. it doesn't matter what happen after that!
to summarize. use the official monero GUI wallet if you can. Run your own node on a VPS or if you can't, Connect to the remote node through tor/VPN (with no logs)!.
P.S: if you use exodus, don't. from the video, changenow, Morphtoken and fixedfloat as well. they sent data ALL of it directly to chainanal which is directly shared with the FBI and LEs.
make sure to use atomic swaps when exchanging your coins, or instant exchanges that doesn't collect any KYC documents and has zero/temp longs. run them through TOR if you could. I wrote about some good ones
here
don't panic, they didn't discover anything. for the average joe, just buy a mullvad VPN, connect to it, and you are good to go!
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gh0p said:
Although recommendations are to run your own node that comes with complications on its own such as putting all wallets to use that node is problematic on the network side, accessing the node server itself, making payments for that server anonymously as well etc. Regardless of this, the balance of user friendliness and security within the Monero ecosystem is an admirable one and without a doubt better than using Bitcoin privacy-wise.
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How is it problematic? are you talking about the resources required to run the node? or the node being a single point of failure? maybe it should be a concern If many users run self-hosted nodes, in that case Chaianal could exploit vulnerabilities in some of these nodes to trace Monero transactions, using metadata such as IP addresses or timestamps, but I don't see this happen any time soon. most people would still connect to a trusted, remote node. Even if you and I don't do that.
gh0p said:
I'd be very careful with such places. Many give tainted coins or as we had a discussion in another topic, coins that are exchanged through dummy/accounts with "darks" as named here can later be traced once those very accounts are reviewed (e.g Binance). That's why a bit of legitimacy is needed from the exchanger side when exchanging to public cryptocurrencies such as Bitcoin. There's a reason why places like Garantex operate but their clients have issues with coins with high AML risk.
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I was talking about exchanging your Crypto to XMR, not the other way around! for cashing out XMR, I do it directly through OTC/P2P trading with trusted partners in HK Or swap it for USDT through same partners.
But for BTC, USDT to XMR. these should be fine. although, it's quite difficult to buy too many monero right now due to liquidity issues, which in theory should make it's price skyrocket! (101 Supply & demand) but that didn't happen, but I will leave that discussion for another thread
gh0p said:
I wanted to give some background on some of these as I believe it is important. Atomic swaps are the future definitely and the dirty coin problem will follow it throughout, being potentially the weakest point of the atomic swap proposition.
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Yes, I agree. as I mentioned here, it's already useful for people who have BTC and want to trade it for XMR. not the other way around (unless you can trade tainted BTC through whatever mean, then this could be a profitable, albeit, very risky business):
ActionMan said:
Yes atomic swaps are only useful for people who have BTC, the fees are high with some traders, but if you value your privacy, you get what you pay for!
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gh0p said:
Infinity exchange is owned anonymously but if you dig a little bit on other forums you'll see that exchange is owned and operated by a known DDoS attacker with a long history of scams. Not only failed at running their own DNM and were involved in other projects but also got exposed as p.edo. There's also been a couple of documented instances of people complaining they got completely tainted coins with very high AML risks which defeats the purpose of the exchange itself. I wouldn't use it or recommend it for many of these reasons.
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Any sources on this? maybe you are talking about Killnet, which is owned by KillMilk? If So,I don't think there is any correlation between the two! I would be happy to know more though.
gh0p said:
Majesticbank has had a lot of controversy too in regards to who owns it as they started out advertising at few underground forums. At a popular forum before they stopped answering on there, they pulled a scam that left some people without their money. I believe the news had reached reddit at that time too. At some point I remember they had their SSL certificate expose a Canadian company ran by some Chinese person. Additional "controversies" you can also find by googling and searching on reddit or dive deeper on other forums.
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I only suggested using said exchanges to exchange your Crypto to XMR in a private manner, using it the other way around defeats the whole purpose!
I would expand more since we are discussing this, So, allow me to play the devil's advocate here!
their existence on the DNMs doesn't make them less legitimate, because XMR is used heavily in the DNMs. Hell, even cash is still the most used form of payments for paying illicit goods.
Yes, their matrix as well as their Dread accounts was wiped out. but their admin was communicative, and they cited the reasons being "
their nodes were under heavy attack mostly coming from tor network" which is plausible.
But I agree that you have to be cautions with any of these exchanges.
gh0p said:
Both of these exchanges got put suspiciously quickly at kycnot.me as highly trusting on that website (within 1-2 weeks, higher than long-lasting websites on there) as I was around when each had started out. There's also additional drama with Majestic and Intercambio.app but I'll leave that for whoever wants to dig in deeper into this as lots to uncover about these two.
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First time I hear about intercambio.app, but from my limited research, it seems that users were mostly suspicious of their quick listing on kycnotme and that it's still new to the market. But it would be great if you can shed more light on this, maybe in another thread!
gh0p said:
Smaller P2P swaps and exchangers are a good choice for no KYC provided you have done your DD.
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I agree!
gh0p said:
Decentralized options like Haveno will be the future for sure and its great to see it advertised here, many people in the community are following its development as its on the right track.
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I agree, but who will lead the Project now? to quote one user:
The issue is that even in P2P you need some way of discovering a machine that is part of the network. Traditionally, this is done with DNS (hostnames). That isn't viable for this project because DNS queries can be blocked / taken down. So you usually have to hardcode a couple of nodes into the application before it starts.
This documentation is basically saying here is how to start a Haveno cluster. Once you have one you could configure the client to connect to it and release that to everyone.
The issue is initially there will be many "competing" networks. So they will need to either eventually combine the successful ones or make the client know how to connect to multiple and show order books from all of them.
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