Stay on topic:
- This thread is only for comments discussing the uncertainties, shortcomings, and concerns some may have about Monero.
- NOT the positive aspects of it.
- Discussion can relate to the technology itself or its economics.
- Talk about community and price is not wanted, but some discussion about it maybe allowed if it relates well.
- Be as respectful and nice as possible. This discussion has potential to be more emotionally charged as it may bring up issues that are extremely upsetting: many people are not only financially but emotionally invested in the ideas and tools around Monero.
How it works:
- Post your concerns about Monero in reply to this thread.
- If you can address these concerns, or add further details to them – reply to that comment. This will make it easily sort-able.
- Upvote the comments that are the most valid criticisms of it that have few or no real honest solutions/answers to them.
- The comment that mentions the biggest problems of Monero should have the most karma.
Previous:
The first principle is that you must not fool yourself — and you are the easiest person to fool.
Notice that Signal isn’t attacked (at least not yet). Telegram is optionally end to end encrypted and it is a for profit company. Those are two vectors that Durov was attacked on. It’s the same reason Samurai Wallet was attacked on and Tornado Cash. Going after Monero would be much harder. It is not a for profit company (or even DAO). It’s privacy is part of the protocol, like SSH and when ring signatures are gone the final legal potential weakness will be gone. Legally, there is no clear way to attack Monero since if Monero is attacked, any privacy technology like VPNs and SSH and HTTPS could also be attacked and that would have a major industry backlash. It is far more likely that if an attack happens, the infrastructure would be attacked (e.g. getting Monero off github, etc) by putting pressure on the web hosts, but there are already several projects that work on GIT over TOR so this is more an inconvenience than a threat. At the moment, I’m not worried. If Signal and ZCash are attacked, then I’d start to be more worried.
Good points, I also think that they have easier fish to fry right now but that time will come, and the project needs to be ready for that. And when we start worrying is not a good time to start thinking about what to do.
I am a bit uncomfortable about the lack of shared knowledge about what are the attack vectors, when should we start to worrying about this or that, etc.