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authorNicholas Johnson <nick@nicksphere.ch>2022-04-29 00:00:00 +0000
committerNicholas Johnson <nick@nicksphere.ch>2022-04-29 00:00:00 +0000
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+---
+title: "Warning to Monero Users"
+date: 2021-12-13T00:00:00
+draft: false
+---
+# Obligatory
+I don't support the use of Monero or other proof of work cryptocurrencies since they're destroying the planet.[1] However, I know people are going to use Monero anyways. So it makes sense to give this warning.
+
+# Practical Statistical Attack on Monero
+There's a practical statistical attack on Monero related to its decoy selection algorithm.[2] Work to resolve the issue is in progress. It's not clear how severe this vulnerability is, but Monero's adversaries (DEA, FBI, IRS, NSA) may already be using it.
+
+It might not be safe any more to rely on Monero for your freedom. If you still must use Monero, use non-KYC exchanges, different addresses for every transaction, and make sure your addresses never get linked to your real-world identity.
+
+# Defense in Depth
+None of us knows how soon Shor-capable quantum computers will be built. But when they are built, Monero's privacy may be under threat yet again.
+
+So just be aware that Monero isn't perfect and it may not protect you forever. The Monero blockchain is public. So when the cryptography is broken or there's a bug in the client software[3], your transactions have nowhere to hide. Shor-capable quantum computing may not come to pass, but just be aware that breaks in security happen.
+
+You can practice defense in depth by treating Monero as if it's as transparent as Bitcoin. Then when there is a break in Monero's privacy, you can rest easy knowing you thought ahead.
+
+
+Link(s):
+[1: Avoid Using Cryptocurrency](../../../../2021/07/18/avoid-using-cryptocurrency/)
+[2: OSPEAD - Fortifying Monero Against Statistical Attack](https://ccs.getmonero.org/proposals/Rucknium-OSPEAD-Fortifying-Monero-Against-Statistical-Attack.html)
+[3: Monero Bug Impacts Privacy](https://github.com/monero-project/monero/issues/7807)