From de0e138066ce2746be739171e6401d943b2901e5 Mon Sep 17 00:00:00 2001 From: Jorge Maldonado Ventura Date: Thu, 22 Jun 2023 20:08:56 +0200 Subject: [PATCH 1/3] Add examples of fungible items for footnote 2 --- content/introduction.tex | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/content/introduction.tex b/content/introduction.tex index 0e3fe28..1cc16f8 100755 --- a/content/introduction.tex +++ b/content/introduction.tex @@ -7,7 +7,7 @@ \chapter{Introduction} \\ \newline Cryptocurrencies store transactions in the blockchain, which acts as a public ledger\footnote{In this context ledger just means a record of all currency creation and exchange events. Specifically, how much money was transferred in each event and to whom.} of all the currency operations. Most cryptocurrencies store transactions in clear text, to facilitate verification of transactions by the community of users. \\ \newline -Clearly, an open blockchain defies any basic understanding of privacy or fungibility\footnote{``\textbf{Fungible} means capable of mutual substitution in use or satisfaction of a contract. ... Examples: ... money, etc."\cite{mises-org-fungible} In an open blockchain such as Bitcoin, the coins owned by Alice can be differentiated from those owned by Bob based on the `transaction history' of those coins. If Alice's transaction history includes transactions related to supposedly nefarious actors, then her coins might be `tainted' \cite{bitcoin-big-bang-taint}, and hence less valuable than Bob's (even if they own the same amount of coins). Reputable figures claim that newly minted Bitcoins trade at a premium over used coins, since they don't have a history \cite{new-bitcoin-premium}.}, since it literally {\em publicizes} the complete transaction histories of its users. +Clearly, an open blockchain defies any basic understanding of privacy or fungibility\footnote{``\textbf{Fungible} means capable of mutual substitution in use or satisfaction of a contract. Examples: tin, gold, money, etc."\cite{mises-org-fungible} In an open blockchain such as Bitcoin, the coins owned by Alice can be differentiated from those owned by Bob based on the `transaction history' of those coins. If Alice's transaction history includes transactions related to supposedly nefarious actors, then her coins might be `tainted' \cite{bitcoin-big-bang-taint}, and hence less valuable than Bob's (even if they own the same amount of coins). Reputable figures claim that newly minted Bitcoins trade at a premium over used coins, since they don't have a history \cite{new-bitcoin-premium}.}, since it literally {\em publicizes} the complete transaction histories of its users. \\ \newline To address the lack of privacy, users of cryptocurrencies such as Bitcoin can obfuscate transactions by using temporary intermediate addresses \cite{DBLP:journals/corr/NarayananM17}. However, with appropriate tools it is possible to analyze flows and to a large extent link true senders with receivers \cite{DBLP:journals/corr/ShenTuY15b, DK-police-tracing-btc, Andrew-Cox-Sandia, chainalysis-2020-report}. From a849359f97d14e474e9ec8bd807bfce7bfb892d9 Mon Sep 17 00:00:00 2001 From: Jorge Maldonado Ventura Date: Thu, 22 Jun 2023 20:51:37 +0200 Subject: [PATCH 2/3] Since it's not a literal quote, remove quotation marks --- content/introduction.tex | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/content/introduction.tex b/content/introduction.tex index 1cc16f8..8f06a26 100755 --- a/content/introduction.tex +++ b/content/introduction.tex @@ -7,7 +7,7 @@ \chapter{Introduction} \\ \newline Cryptocurrencies store transactions in the blockchain, which acts as a public ledger\footnote{In this context ledger just means a record of all currency creation and exchange events. Specifically, how much money was transferred in each event and to whom.} of all the currency operations. Most cryptocurrencies store transactions in clear text, to facilitate verification of transactions by the community of users. \\ \newline -Clearly, an open blockchain defies any basic understanding of privacy or fungibility\footnote{``\textbf{Fungible} means capable of mutual substitution in use or satisfaction of a contract. Examples: tin, gold, money, etc."\cite{mises-org-fungible} In an open blockchain such as Bitcoin, the coins owned by Alice can be differentiated from those owned by Bob based on the `transaction history' of those coins. If Alice's transaction history includes transactions related to supposedly nefarious actors, then her coins might be `tainted' \cite{bitcoin-big-bang-taint}, and hence less valuable than Bob's (even if they own the same amount of coins). Reputable figures claim that newly minted Bitcoins trade at a premium over used coins, since they don't have a history \cite{new-bitcoin-premium}.}, since it literally {\em publicizes} the complete transaction histories of its users. +Clearly, an open blockchain defies any basic understanding of privacy or fungibility\footnote{\textbf{Fungible} means capable of mutual substitution in use or satisfaction of a contract. Examples: tin, gold, money, etc.\cite{mises-org-fungible} In an open blockchain such as Bitcoin, the coins owned by Alice can be differentiated from those owned by Bob based on the `transaction history' of those coins. If Alice's transaction history includes transactions related to supposedly nefarious actors, then her coins might be `tainted' \cite{bitcoin-big-bang-taint}, and hence less valuable than Bob's (even if they own the same amount of coins). Reputable figures claim that newly minted Bitcoins trade at a premium over used coins, since they don't have a history \cite{new-bitcoin-premium}.}, since it literally {\em publicizes} the complete transaction histories of its users. \\ \newline To address the lack of privacy, users of cryptocurrencies such as Bitcoin can obfuscate transactions by using temporary intermediate addresses \cite{DBLP:journals/corr/NarayananM17}. However, with appropriate tools it is possible to analyze flows and to a large extent link true senders with receivers \cite{DBLP:journals/corr/ShenTuY15b, DK-police-tracing-btc, Andrew-Cox-Sandia, chainalysis-2020-report}. @@ -112,4 +112,4 @@ \section{Acknowledgements} Written by author `koe'. -This report would not exist without Kurt's original master's thesis \cite{kurt-original}, so to him I owe a great debt of gratitude. Monero Research Lab (MRL) researchers Brandon ``Surae Noether" Goodell and pseudonymous `Sarang Noether' (who collaborated with me on Section \ref{sec:range_proofs} and Chapter \ref{chapter:tx-knowledge-proofs}) have been a reliable and knowledgeable resource throughout both editions of Zero to Monero's development. Pseudonymous `moneromooo', the Monero Project's most prolific core developer, has probably the most extensive understanding of the codebase on this planet, and has pointed me in the right direction numerous times. And of course, many other wonderful Monero contributors have spent time answering my endless questions. Finally, to the various individuals who contacted us with proofreading feedback, and encouraging comments, thank you! \ No newline at end of file +This report would not exist without Kurt's original master's thesis \cite{kurt-original}, so to him I owe a great debt of gratitude. Monero Research Lab (MRL) researchers Brandon ``Surae Noether" Goodell and pseudonymous `Sarang Noether' (who collaborated with me on Section \ref{sec:range_proofs} and Chapter \ref{chapter:tx-knowledge-proofs}) have been a reliable and knowledgeable resource throughout both editions of Zero to Monero's development. Pseudonymous `moneromooo', the Monero Project's most prolific core developer, has probably the most extensive understanding of the codebase on this planet, and has pointed me in the right direction numerous times. And of course, many other wonderful Monero contributors have spent time answering my endless questions. Finally, to the various individuals who contacted us with proofreading feedback, and encouraging comments, thank you! From a41217c0e0e59ef0e84e93b029a5cfd5896fb622 Mon Sep 17 00:00:00 2001 From: Jorge Maldonado Ventura Date: Thu, 22 Jun 2023 20:54:39 +0200 Subject: [PATCH 3/3] better quote --- content/introduction.tex | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/content/introduction.tex b/content/introduction.tex index 8f06a26..58634a6 100755 --- a/content/introduction.tex +++ b/content/introduction.tex @@ -7,7 +7,7 @@ \chapter{Introduction} \\ \newline Cryptocurrencies store transactions in the blockchain, which acts as a public ledger\footnote{In this context ledger just means a record of all currency creation and exchange events. Specifically, how much money was transferred in each event and to whom.} of all the currency operations. Most cryptocurrencies store transactions in clear text, to facilitate verification of transactions by the community of users. \\ \newline -Clearly, an open blockchain defies any basic understanding of privacy or fungibility\footnote{\textbf{Fungible} means capable of mutual substitution in use or satisfaction of a contract. Examples: tin, gold, money, etc.\cite{mises-org-fungible} In an open blockchain such as Bitcoin, the coins owned by Alice can be differentiated from those owned by Bob based on the `transaction history' of those coins. If Alice's transaction history includes transactions related to supposedly nefarious actors, then her coins might be `tainted' \cite{bitcoin-big-bang-taint}, and hence less valuable than Bob's (even if they own the same amount of coins). Reputable figures claim that newly minted Bitcoins trade at a premium over used coins, since they don't have a history \cite{new-bitcoin-premium}.}, since it literally {\em publicizes} the complete transaction histories of its users. +Clearly, an open blockchain defies any basic understanding of privacy or fungibility\footnote{"\textbf{Fungible} means capable of mutual substitution in use or satisfaction of a contract``\cite{mises-org-fungible}. Examples: tin, gold, money, etc. In an open blockchain such as Bitcoin, the coins owned by Alice can be differentiated from those owned by Bob based on the `transaction history' of those coins. If Alice's transaction history includes transactions related to supposedly nefarious actors, then her coins might be `tainted' \cite{bitcoin-big-bang-taint}, and hence less valuable than Bob's (even if they own the same amount of coins). Reputable figures claim that newly minted Bitcoins trade at a premium over used coins, since they don't have a history \cite{new-bitcoin-premium}.}, since it literally {\em publicizes} the complete transaction histories of its users. \\ \newline To address the lack of privacy, users of cryptocurrencies such as Bitcoin can obfuscate transactions by using temporary intermediate addresses \cite{DBLP:journals/corr/NarayananM17}. However, with appropriate tools it is possible to analyze flows and to a large extent link true senders with receivers \cite{DBLP:journals/corr/ShenTuY15b, DK-police-tracing-btc, Andrew-Cox-Sandia, chainalysis-2020-report}.