Post
Topic
Board Announcements (Altcoins)
Re: Official Anoncoin chat thread (including history)
by
lunokhod2
on 10/06/2014, 14:08:10 UTC
Here's an interesting article on deanonymizing coinjoin.

http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/

They don't discuss DarkCoin explicitly, but I presume they have the exact same problem.

What exactly is the problem you are hinting?    I don't see it.
The article discusses how to deanonymize bitcoin transactions that make use of CoinJoin (which is a simple way of mixing a small number of transactions together in a block). DarkCoin's "darksend" is based on coinjoin, so I presume that it is equally unsafe (but perhaps there are some extra subtleties). The point is: If anoncoin gets zerocoin working, it will be the only truly anonymous coin out there...

I quote from the article:

Quote
Bitcoin users in need of serious transaction privacy should avoid popular services like Blockchain’s SharedCoin and other CoinJoin implementations, according to a well-known security expert.

Consultant Kristov Atlas, author of the book Anonymous Bitcoin, published a security advisory today saying weaknesses in SharedCoin offered privacy only from “unskilled examiners of the bitcoin blockchain” – and even then, only until more sophisticated analysis tools were made user-friendly enough for the average user to deploy.