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Stakeholder Proposals / Re: Stealth Transfers Worker Proposal
« on: November 19, 2015, 09:41:14 am »My "gut" tells me that crypto-diehards are looking for an easy to use ANONYMOUS currency and those of us that are freedom loving actually want and need this. Our current lack of privacy is a turnoff to many in the crypto and banking world.
I would prefer a proposal which brings bitshares core anonymity up to the state of the art, instead of just an 'also ran':
https://github.com/ShenNoether/MiniNero/blob/master/RingCT0.1_copy.pdf
As mentioned here:
Quote
Privacy/anonymity consists of:
A. unlinkability (can't tell two transactions are to the same recipient): stealth (or just not reusing addresses)
B. untraceability (can't trace paths between tranasctions): ring signatures (or coinjoin, coinswap, though with many complications and hazards, etc.)
C. content privacy (can't see amount being spent): CT (or limited ambiguity of which outputs are change)
Bitshares with CT gives you A and C, but nothing at all for B. Monero gives you A and B, and somewhat C (via ambiguity of change outputs). Monero with ringCT will give A,B, and C, for a comprehensive solution.