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| author | Nicholas Johnson <nick@nicksphere.ch> | 2022-04-29 00:00:00 +0000 |
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| committer | Nicholas Johnson <nick@nicksphere.ch> | 2022-04-29 00:00:00 +0000 |
| commit | 43ea1d8ae931cfafe9a921c71e40c1a2c13804701d3166ce16c4778a02b4e07b (patch) | |
| tree | 174ed3be313335a746d8f77b081a0255dc4add7436c4b19efaed72dc4e0be580 /content/post/warning-to-monero-users.md | |
| parent | b912154649ce41bfcece7c306a907f276e71c942ef9befc626b067b9782dc012 (diff) | |
| download | journal-43ea1d8ae931cfafe9a921c71e40c1a2c13804701d3166ce16c4778a02b4e07b.tar.gz journal-43ea1d8ae931cfafe9a921c71e40c1a2c13804701d3166ce16c4778a02b4e07b.zip | |
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diff --git a/content/post/warning-to-monero-users.md b/content/post/warning-to-monero-users.md deleted file mode 100644 index c173d63..0000000 --- a/content/post/warning-to-monero-users.md +++ /dev/null @@ -1,25 +0,0 @@ ---- -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) |