[Cryptography] Question about Bitcoin's security model

Howard Chu hyc at symas.com
Fri Jul 31 03:34:07 EDT 2026


Renato Schiavinato Lopez via cryptography wrote:
> On Wed, Jul 29, 2026 at 11:51 PM Roland Ionas Bialke
> <webmaster at pro-wrestling.biz> wrote:
>>
>> Is it possible to make BTC and blockcain technology anonymous?
> 
> I'm aware that Monero (XMR) is one of the most anonymous tokens out
> there, but I must confess that I don't fully understand its underlying
> primitives. I do know two risks though:
> 
> 1. Because the blockchain is so opaque, the risk of an inflation
> attack is a major concern. The code must be scrutinized extremely to
> mitigate this risk, but elimination might never be complete. Would you
> trust your reserve of value in a token that can't be fully audited?

Monero can be fully audited. There are a few groups that do that routinely.

Monero has never had any inflation bugs. Bitcoin has had multiple. Opaqueness
of transaction details has nothing to do with the likelihood of such bugs occurring, nor the ability
to detect them.

-- 
  -- Howard Chu
  CTO, Symas Corp.           http://www.symas.com
  Director, Highland Sun     http://highlandsun.com/hyc/
  Chief Architect, OpenLDAP  http://www.openldap.org/project/


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