this post was submitted on 04 Aug 2024
713 points (86.9% liked)

Technology

59405 readers
2848 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 3 months ago (1 children)

Lightning payments are onion routed, like Tor traffic.

[–] [email protected] -1 points 3 months ago (2 children)

Still not close to the same. That's borrowed functions on one chain. Monero is triple encrypted. You crack one and you got no time left before the next chain flips the whole shebang.

[–] [email protected] 2 points 3 months ago (1 children)

It's not close to the same thing, but definitely not trackable 100%, and comparable levels of privacy. Having less elegant code doesn't change that. If you'd like, we can perform a test in which I make a lightning payment and you track it.

I don't think it's likely that an attacker can crack even your first layer of encryption in the time it takes for a transaction to propagate and settle.

[–] [email protected] -1 points 3 months ago (1 children)

You don't get it and i ain't here to explain what there already exists well made such for understanding.

[–] [email protected] 2 points 3 months ago (1 children)

I don't even get that sentence!

[–] [email protected] 0 points 3 months ago* (last edited 3 months ago) (1 children)

And I ain't an English teacher

[–] [email protected] 3 points 3 months ago (1 children)
[–] [email protected] 0 points 3 months ago

Money is evil.

[–] [email protected] 3 points 3 months ago (1 children)

Monero is triple encrypted. You crack one and you got no time left before the next chain flips the whole shebang.

If monero is using sane, modern encryption algorithms, "triple encryption" doesn't really get you meaningfully more security.

It already takes an insane amount of time to brute force good encryption algorithms, so if people are cracking your encryption, they're doing it via some vulnerability/flaw/exploit in the algorithm which allows then to crack things much faster than brute forcing. If you use the same encryption algorithm for all three layers, you just have to exploit it three times instead of one, which isn't really adding any difficulty to a competent attacker.

What if you use three different encryption algorithms, you may ask? Well, that's even worse because you've now tripled the attack surface of your encryption scheme.

[–] [email protected] 0 points 3 months ago (1 children)

That's not at all addressing a single thing over what goes on in Monero. You either get it or you don't and you just don't. Go read more, yacky.

[–] [email protected] 1 points 3 months ago (1 children)

If you've got some articles handy, feel free to link them. My searches aren't finding anything about Monero's "triple encryption".

[–] [email protected] 1 points 3 months ago (1 children)
[–] [email protected] 1 points 3 months ago (1 children)

Nothing on that site mentions "triple encryption". Can you clarify what you meant by that?

[–] [email protected] 0 points 3 months ago (1 children)

No. Educate yourself on how Monero works. All I'm saying is that it's the safest. You want to understand complicated shit then go figure it out. I ain't here to teach how shit works when the Moneropedia does it all already.

The short is that there are three factors. Each of which are separately encrypted and handle separate parts of the Monero. You have to crack all three to know about any particular exchange. They're not on top of each other they way you infer.

[–] [email protected] 1 points 3 months ago (1 children)

Thanks, could have just clarified that from the beginning.

It's not my fault you used a well-known cryptography term incorrectly.

[–] [email protected] 0 points 3 months ago (1 children)

Keep trying. Technically i am correct. Just in a totally different sense of such.

[–] [email protected] 1 points 3 months ago (1 children)

Whatever makes you feel better man

[–] [email protected] 0 points 3 months ago (1 children)

Like downvotes you throw around like you actually someone of any meaning.

[–] [email protected] 1 points 3 months ago

I'm not down voting you dude. Not that down votes matter