Thanks for digging into this @rnbrady! Since you answered your own questions, I’ll just add some comments: An anonymity set of 2 is pretty dismal, and that’s in the best case (assuming the user didn’t send it straight to one of the attacker’s nodes) – for low-resource attackers – before other attacks/analysis. E.g. if the transaction spends a CashFusion output, and you’re broadcasting using the same node or Fulcrum server you were using before the CashFusion – you’ve probably helped attackers...
The number of enotes that exist and are used as decoy is likely to be greater if the entire network always relies on anonymous TXOs instead of using them only when they are needed for anonymous transactions. Monero uses anonymity by default for all transactions, not only when anonymity is explicitly requested by the user. This means that transactions that require privacy merge with transactions that would also work without privacy. Users of the network are therefore probably many more people who would not actually need anonymization, but are treated equally and are indistinguishable. A comparison: anyone who uses cash in the form of bills and coins is probably not a criminal, but a certain number of cash users are also people who break the law. Now only Monero XMR, the digital cash, has been added.
the entire network always relies on anonymous TXOs instead of using them only when they are needed for anonymous transactions.
But if the entire network is not that large then it will not help that much. Monero’s mass adoption potential is limited by many factors such as scalability, reputation, UX, and fiat on-ramp access. If your goal is world level adoption then BCH’s approach is the better choice, IMO.
I am not a professional, but these metrics are exceptionally good in XMR Monero. Leaving aside future developments such as paralesllization, even today’s solution could easily cope with a multiplication of the current volume.
I recommend basicswapdex if you want to exchange BCH for XMR after you understand that Monero was designed for security from the beginning and understand Monero Dynamic Block Weight and see that it worked as predicted during the stress test. Incidentally, there is already a Rust node implementation, although it is still under development. If you have any concerns about the wallet, which turned out to be a bottleneck during stress testing.
I set up basicswap dex but the XMR/BCH liquidity is pretty low there. Do you know which coins on there have the highest volume? It would be nice if you could see the whole order book and not only the coins you have enabled.
So has there been another stress test where TX volume reached higher than 500k? I am not aware of any fixes that have been made to fix the TX propagation and block sync failures that happened on the stressnet when volume went over ~300k.
I have a feeling the current Monero node implementation is at its life’s end that is why the Rust node work has been started.
The number of enotes that exist and are used as decoy is likely to be greater if the entire network always relies on anonymous TXOs instead of using them only when they are needed for anonymous transactions. Monero uses anonymity by default for all transactions, not only when anonymity is explicitly requested by the user. This means that transactions that require privacy merge with transactions that would also work without privacy. Users of the network are therefore probably many more people who would not actually need anonymization, but are treated equally and are indistinguishable. A comparison: anyone who uses cash in the form of bills and coins is probably not a criminal, but a certain number of cash users are also people who break the law. Now only Monero XMR, the digital cash, has been added.
But if the entire network is not that large then it will not help that much. Monero’s mass adoption potential is limited by many factors such as scalability, reputation, UX, and fiat on-ramp access. If your goal is world level adoption then BCH’s approach is the better choice, IMO.
I am not a professional, but these metrics are exceptionally good in XMR Monero. Leaving aside future developments such as paralesllization, even today’s solution could easily cope with a multiplication of the current volume.
Recent stress tests showed Monero was struggling at 300-500k TX/day with nodes falling behind and wallets failing. BCH has been tested to 10 million.
Then you have the issue of having to keep the whole chain forever, with BCH all you need is the UTXO set really, which is < 10GB
I am not hating on Monero and I hope the issues can be solved, but I am taking the safer bet on Bitcoin Cash.
I recommend basicswapdex if you want to exchange BCH for XMR after you understand that Monero was designed for security from the beginning and understand Monero Dynamic Block Weight and see that it worked as predicted during the stress test. Incidentally, there is already a Rust node implementation, although it is still under development. If you have any concerns about the wallet, which turned out to be a bottleneck during stress testing.
I set up basicswap dex but the XMR/BCH liquidity is pretty low there. Do you know which coins on there have the highest volume? It would be nice if you could see the whole order book and not only the coins you have enabled.
So has there been another stress test where TX volume reached higher than 500k? I am not aware of any fixes that have been made to fix the TX propagation and block sync failures that happened on the stressnet when volume went over ~300k.
I have a feeling the current Monero node implementation is at its life’s end that is why the Rust node work has been started.