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Re: [2016-08-29] Bloomburg.com| New Digital Currency Spikes as Drug Dealers Get
by
TraderTimm
on 10/09/2016, 17:52:36 UTC
What do they gain from such an attack against Monero?
They do not learn anything about the transactions from mining, and how to determine what transactions to attack?   The most they could do would be to mine empty blocks and delay transactions by two minutes or so.
This sort of attack is not effective verses block-chains where the transactions are private, not public.

In fact they could already be doing this, no one would know, because it wouldn't matter.

And comparing the hash rate of a CPU mined chain to an ASIC mined chain is a false comparison.  You should know better, sir.  FUD rejected.

If the majority of bitcoin wallets implemented ring-signatures and required the use of BIP47 addresses (aka stealth), then Bitcoin could stop worrying about this sort of thing also, but too many do not care about their privacy until after it is violated, (and they find out).

You must've skipped over the entire post, which considering your history of posting slap-dash pseudobabble, isn't surprising.

It was a theoretical attack vector based on the farcical fabrications of an e-journalist that Monero is replacing Bitcoin somehow with darknet/black market transactions.

Now follow very closely here, because I know attention to detail isn't your forte, but the amount of computing power (regardless of algorithm, my dear chum-filled chum) is TRIVIAL compared to what is needed for Bitcoin to execute an attack. That was the point. I know you're working it through your goldbergian-meatworks-of-a-frontal-lobe right now trying to make it twist to your reality, but that is the unvarnished truth of it.

Go back to writing about your Bitcoin "religion", its more suited to your obfuscated and gordian-knot-like thinking skills.