Quote from: c789 on September 08, 2017, 05:46:52 PM

Quote from: Hyena on September 08, 2017, 10:36:11 AM

Monero is block chain based public ledger...

Monero has a blockchain which anyone can view. But that doesn't mean that you can see what happens inside of it, so to call it "public" is misleading since any details about the blockchain are private. Nobody can see account balances or transaction activity. To call it public is like saying that I know everything that's in a house because I can see the house from the street, even though I can see nothing inside of it.

Here's my address if anyone wants to try and trace any of my payments, or see my balance:

45LzbfAbx2zDTEVYDkCYuwVv1KnoaLHPC4svVE4VWECLYhGWzM63MDmTPZi7GjvFSRd3GnmsAGSfzcR pHELi7Cay3V7Juk6

As I put in my link in the previous post to StackExchange, there are additional steps one must take in order to use Blackbytes and that opens them to risk. With Monero, privacy is by default.

One can analyze any public ledger very easily, for years if needed. That's the fatal flaw of Monero's privacy. Given the big enough incentive you will be stripped of your privacy without question. It's rather silly of you to challenge anyone to try tracing your payments because there is not enough incentive to do so in the first place, so obviously no one is going to bother. The Monero's network is itself the central point of failure for its privacy. In the case of blackbytes, on the other hand, your privacy will be well preserved and out of the reach of any 3rd party analysis on the ledger. To have the absolute anonymity one could avoid all centralized exchanges and only do business peer-to-peer, because in that case there is no better anonymity out there to outcompete blackbytes. Monero will be abandoned because it is too late for it to switch to a DAG. All block chain based curriencies are doomed to fail except perhaps Bitcoin due to its first-mover advantage.