darkstrike420
Active member
I think the current approach of mixing is not as secure as you would want it to be.
Currently its centralized, correct? The masternode approach is really bad. A masternode costs 1000 DRK. Currently, a DRK costs 2.2 USD. Now imagine if a government agency invested a million. That is 454545 DRK. Divide it by a 1000 and they have 454 masternodes. 454 masternodes would already give them a very high chance of getting all of coins to get "anonymized" through their nodes and they would know the source and destination of payment. Who can buy more masternodes? The users or government agencies? They are already investing millions in Tor relays to keep track of everyone, who is stopping them of doing this to Darkcoin? If they invested 10 million, at current rate they would have 4540 masternodes which means 99.99% transactions would go through them.
I think the best way to fix this is decentralized mixing. Allow everyone who own a wallet to be part of the mixing and receive fees from the mix. I think that 8 rounds of mixing is not enough too and this limit should be removed. The Neutrino approach sounds pretty good too, their network is behind tor hidden services which is another layer of privacy obviously.
Developers, please correct me if I am wrong.
Currently its centralized, correct? The masternode approach is really bad. A masternode costs 1000 DRK. Currently, a DRK costs 2.2 USD. Now imagine if a government agency invested a million. That is 454545 DRK. Divide it by a 1000 and they have 454 masternodes. 454 masternodes would already give them a very high chance of getting all of coins to get "anonymized" through their nodes and they would know the source and destination of payment. Who can buy more masternodes? The users or government agencies? They are already investing millions in Tor relays to keep track of everyone, who is stopping them of doing this to Darkcoin? If they invested 10 million, at current rate they would have 4540 masternodes which means 99.99% transactions would go through them.
I think the best way to fix this is decentralized mixing. Allow everyone who own a wallet to be part of the mixing and receive fees from the mix. I think that 8 rounds of mixing is not enough too and this limit should be removed. The Neutrino approach sounds pretty good too, their network is behind tor hidden services which is another layer of privacy obviously.
Developers, please correct me if I am wrong.