Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
4) Most important, those who use PrivateSend have nothing to worry about, because the financial privacy it offers is pretty much ironclad. ICEBREAKER has been trying to crack a 4-round PrivateSend transaction that I posted nearly a year ago and still can't do it.
tl;dr Use PrivateSend, and we can't control what private companies do in any event.
- they will know you are mixing because prior to mixing they can watch your coins, and say "oh it became obfuscated therefore it was mixed"..
- and they also know that your coins came from wallet mixing because it wasn't generated by mining pools and POS masternodes...
that's a huge security hole for your privacy
So I know that normally we aren't supposed to quote trolls, but I think these are two relatively valid points that can be easily addressed for any non-trolls that might be interested.
1) Yes, anybody who watches the blockchain will know that coins have been mixed. That's one of the core design elements of Dash--the ability to mix coins. That's like saying "They will know that a Monero user is trying to obfuscate their spending because they're using Monero." That's not really a secret. PrivateSend makes it so that they can't trace a transaction back to its source address. Nobody cares if you've mixed your coins. We all mix our coins. So what?
2) Yes, that one is also self-evident. It's right there in the blockchain. So what that those funds came from mixing? You can't trace a tx back to its source wallet, and there's your financial privacy.
It's sort of like saying "Ohhhhh...his phone is locked! He is trying to protect his privacy!"...granted...but everybody locks their phones. Unless you can bypass the lock, you don't know what's on the phone.
okay..lets expand a little
so the remaining privacy for dash is "tracing proof" but not block chain analysis
your analogy:
Quote
It's sort of like saying "Ohhhhh...his phone is locked! He is trying to protect his privacy!"...granted...but everybody locks their phones. Unless you can bypass the lock, you don't know what's on the phone
they know what's on your phone (call logs and dates), they just can't trace whose your calling to.