Post
Topic
Board Archival
Re: delete
by
TheFascistMind
on 04/10/2014, 03:56:53 UTC
A minor price drop is nothing more than the weak hands pissing themselves and they will regret it soon enough and buy back in at a loss.

This thread has become a joke.

Unless ring signatures are qualitatively the wrong solution for anonymity. The jury is still out on this one. Needs more analysis.

One thing I don't like personally is IBM says we are 10-15 years from a quantum computer and all that anonymity history goes poof and then the government backtrack and go after all those assets that were hidden from the coming global implosion 2016 - 2032.

But not everyone even agrees with my pessimism about the next 15 years.

Also I don't trust those simultaneous equations that I showed which mixed operations over different number fields. That is entirely new cryptography and it could potentially enable some new mathematical attack at any time. There is no Diffie-Hellman refutation that has a lot of cryptanalysis.

I'd rather not put my anonymity in some unproven math on the block chain that is saved forever. Eventually there will be a quantum computer and all that will be cracked.

And we still have to see what the outcome will be on the de-anonymization and respective mitigation algorithms which are already known but not yet fully explored. Might be duds, but I doubt it.

Also although smooth claims they know how to prune ring signatures to make a better scaling blockchain, and even the algorithm I presented to them in theory does some pruning, I am not yet convinced ring signatures are congruent with the decentralization I would be aiming for. But this is very vague at this point and nothing I can really do to immediately get all the specifics enumerated.

That is several different vectors of weakness for ring signatures. I never really understood why some investors think they found the Holy Grail. We need more analysis to know how they compare against all other options.

Edit: that the spender of a ring is culpable for which public keys he mixes with, unlike other anonymity mixing methods which remove this choice and thus culpability from the spender.