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@ Saberhagen The Nameless
2025-02-26 11:27:10
Yes, amounts aren't visible and the receiver in a Monero transaction can potentially be any Monero user
But keep in mind once the receiver goes to spend they're now affected by the sender anonymity side of things (duh) so are vulnerable to those certain attacks. This is Moneros biggest weakness relatively speaking to it's other privacy layers. That's where the problems happen.
In theory every hop from the original transaction has an exponential affect on your sender anonymity i.e. three transactions with the current ring size of 16 would be 16^3 = 4,096 potential spenders = 0.02% chance of correctly finding the true spender in a best case scenario (that chance varies in the real world course depending on a lot of other heuristics/patterns/factors)
FCMP (Full Chain Membership Proofs) upgrade that is coming out sometime later this year will get rid of the issues with rings sigs and make every user on the entire blockchain a potential spender of any given transaction. Massive upgrade.