diff options
Diffstat (limited to 'content/entry/warning-to-monero-users.md')
| -rw-r--r-- | content/entry/warning-to-monero-users.md | 25 |
1 files changed, 25 insertions, 0 deletions
diff --git a/content/entry/warning-to-monero-users.md b/content/entry/warning-to-monero-users.md new file mode 100644 index 0000000..c173d63 --- /dev/null +++ b/content/entry/warning-to-monero-users.md @@ -0,0 +1,25 @@ +--- +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) |