Yes. Also no way to audit the circulating supply and the privacy guarantees are incredibly sus.
More technical people I know claim that the privacy is a complete farce. Also heard rumors that Fluffy...
Bitcoiners created most of Moneros privacy tech.
Liquid uses a version of it to hide their amounts, and the recent Silent Payments for Bitcoin are another form to hide receipients.
Unless you think those are a farce too?
RingCT(amount privacy) and Stealth Addresses(recipient privacy) are pretty damn solid. Both zero knowledge.
The weak part is Ring Signatures(sender privacy) because it's more like a coinjoin.
FCMP upgrade later this year will bring it in line with the other two.
Liquid uses a version of it to hide their amounts, and the recent Silent Payments for Bitcoin are another form to hide receipients.
Unless you think those are a farce too?
RingCT(amount privacy) and Stealth Addresses(recipient privacy) are pretty damn solid. Both zero knowledge.
The weak part is Ring Signatures(sender privacy) because it's more like a coinjoin.
FCMP upgrade later this year will bring it in line with the other two.