Damus
Milos · 2d
Do Monero or DarkFi make any security tradeoffs for their base layer privacy? Bitcoin does security and monetary policy really well because the blockchain is fully auditable. But surely full privacy ...
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You get the same verification guarantees in all these systems.
The cost lies in generating the proof (signing the transaction), transmitting the proof (block space cost), and validating the proof (running a node).

Historically zero knowledge cryptography was more expensive on all fronts.
Recent advances reduced all those costs tho.
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YORDL · 2d
Would appreciate if you named any specific advances off. I'm guessing bulletproofs, but not real sure, and the whole space is pretty murky to me still.
Milos · 2d
Thanks! Generating the proof seems like a low price to pay. Especially if it’s (as you mentioned) just a couple of seconds. But transmitting and validating proofs would both increase the cost of operating a node. So perhaps you could say that with Bitcoin the risk is that an attacker can exploi...