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Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
Odalv
on 18/09/2014, 11:46:05 UTC
Who or what prevents me from ring-signing your input and send your money to my address(output).

You can't send the money without the private key corresponding to that output. Nothing about including an output in a ring signature gives you access to the private key. The whole point of ring signatures is that you can construct a ring signature using only the public, not private keys of the other possible signers.

You have only your own private key, so you can only spend your own outputs.

Quote
What this ring signature guarantees. (may I spend all inputs ? is this agreement of this group ? If it guarantees nothing (because anybody can create signature) then why is there (just "smoke screen" for propaganda we are untraceable?))  ... or I'm too stupid.

It guarantees that someone in the group has the private key that enabled him to sign a transaction spending the output. This allows an observer to verify that the output has been spent by the authorized party (someone with the private key) but does not allow the observer to determine which of the group is the authorized party.

Thank you.
Example:
I have(I know private keys) 2 unspent "addresses"  a1=5 XMR and a2=5 XMR, I want pay for goods 2 XMR (address g1.) and send the rest to a3. To confuse observer I'll use both input addresses.

Transaction
input ( a1=5 XMR, a2=5XMR )  output( g1=2 XMR, a3= 8 XMR )
I'll ring-sign with  a1 private key, Is this correct ?