fan of web3 / crypto - priv/acc
on-chain
Joined December 2024
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In today's world, the most realistic way to become a billionaire is by investing in promising blockchains and building killer apps on them.
Indie hackers are about to storm into web3.
RWAs are getting a lot of hype in the crypto space, but from a privacy coin perspective, they're a massive step backward when it comes to protecting user anonymity. Take this point: RWAs link on-chain activities directly to real-world assets like real estate or bonds, making it way too easy for those digital footprints to connect back to off-chain personal info. That opens the door wide for cyber attacks, stalking, or even worse forms of exploitation.
with RWAs, everything is out in the open on the blockchain's public ledger. Your wallet address ties to a tokenized property deed or a bond certificate, and suddenly, anyone with basic chain analysis tools can piece together your financial life. Hackers could target high-value holders, dox them by cross-referencing with public records, or even use that data for social engineering scams.
It's not just theoretical. We've seen exploits in DeFi protocols where transparency led to targeted attacks, and RWAs amplify that risk because they're bridging the gap to the physical world. Why tokenize a house if it means your ownership history is forever etched in stone for stalkers or governments to scrutinize? Privacy coins avoid this mess by design, ensuring that even if you're dealing with value, no one knows the who, what, or how much without your explicit consent.
If crypto is supposed to liberate us from surveillance-heavy TradFi, RWAs feel like they're dragging us right back into it, just with a blockchain twist. We need more projects that prioritize unbreakable privacy over flashy asset tokenization if we want to build a truly secure ecosystem.
@beamprivacy is one of the solutions.
The shutdown of Penumbra Labs hits close to home. It is a stark reminder of the regulatory headwinds facing privacy-focused crypto projects.
Penumbra’s decision to wind down operations due to the difficult regulatory environment echoes the challenges we have seen with Tornado Cash sanctions and broader scrutiny on privacy technology.
Yet their move to open-source all contributions, including the Penumbra protocol under permissive licenses, is a masterclass in resilience. It empowers the community to carry the torch, upholding the right to build open-source privacy software. Beam stand in solidarity, having navigated similar waters by emphasizing decentralization and community-driven development.
This is not the end; it is evolution. The future of crypto lies in distributed, permissionless innovation, not centralized entities vulnerable to regulation.
In Beam’s ecosystem we have learned that true privacy technology survives through open collaboration. Penumbra’s handover reinforces the idea that no single lab defines a protocol. It is the developers, users, and nodes that do. If regulations force closures, we decentralize harder.
Sad to see. I was just recommending the Penumbra people and tech to some fellow builders at a crypto meetup earlier tonight. I’ll bet there is a lot of good source code to be mined from that GitHub! penumbralabs.xyz/
MetaMask adding Google/Apple login is a privacy nightmare. It hands user data to Big Tech, kills decentralization, and puts Web3 at risk of surveillance and censorship. Convenience shouldn’t come at the cost of self-sovereignty.
It might be a good idea to set up the meta tags for X image previews on the website.
@beamprivacy
I can't figure out why such an amazing product isn't more widely known.
beam.mw
Kudos to the community
#MoneroEcosystem v7.7 Released 🎉
👉🏻 Monero.eco
What's changed
- Added Unstoppable Wallet
- Added Cuprate Monero Book
- Added BIM Exchange
- Updated Excahnge category page
- Updated P2Pool logo
- Updated Cupcake logo
- Updated Cyphergoat logo
- Temporarily removed themoneromoon .com
Vonfire retweeted
$BEAM is a best-in-class confidential cryptocurrency, with a beautiful wallet suite and superior usability. ⟁
It also runs confidential smart contracts, and provides a full DeFi ecosystem that respects your privacy! 🤩
Check it out at beam.mw
@beamprivacy
Solid picks!🔥
Privacy is the future.
Just grabbed another grip of #XMR (@Monero), #XTM (@tari), and #BEAM (@beamprivacy).
#PrivacyMatters #PrivacyProtocols #MakePrivacyGreatAgain
It seems like the barrier to entry for non-developers is too high, which is a challenge for growing the community.
You don't need to be a C++ developer nor an expert in Cryptography to contribute to the Monero Project.
Go out there and help however you can, fix a typo, improve the documentation, add a translation - you decide.
The community of awesome maintainers is ready to review your contribution, help you improve it and let you add a piece of you to the history of private, confidential, secure and decentralized Finance.
Great learning thread!🙌
For retail users, well-designed content marketing with clear funnels is effective.
In the case of native coins with smart contract functionality, it helps to have third-party organizations(Consensys etc.) dedicated to supporting developers. They can attract builders and create an environment where compelling dApps emerge.
Great post related the recent attacks on Monero! The BEAM community is so smart and I love it.
Afaik, this is how Beam handles checkpoints:
Beam is full PoW, with an algo that allows ASICs but without then having too much of an advantage over GPUs.
The blockchain is lightweight, so every wallet seamlessly runs its own node.
Regarding reorgs, Beam produces one block per minute in average, with automatic rolling checkpoints every 60 blocks (1 hour).
Nodes of course automatically follow the longest chain, but won’t go with reorgs deeper than 60 blocks (except for one case: if no new blocks are produced on the branch for more than one hour).
Thats why CEXs, by instance, request 60 confirmations for deposits (withdrawals are done in one minute, because they don’t put the CEX at risk in case of reorg).
In fact, nodes can still accept deeper reorgs, up to 1440 blocks (one day), but that can only be enforced manually. That’s the "hard" finality.
With all that, if an attacker tries to reorg deeper than one hour, no nodes will follow its chain, even if it’s longer, as long as honest nodes keep producing blocks on the honest chain.
The idea is that the attacker will stop its attack when it sees it doesn’t really work.
In other words, as long as the network is alive, and honest miners produce blocks, there is no problem. All the nodes will just ignore the attacker's blocks.
The system is not perfect though, because newcomers, who have not sync’ed their node in a long time, might follow the attacker’s chain (as they’ll follow the longest, without having the history of the reorg). Adding some “trusted” peers in the wallet config could help in that case.
Also, to avoid network fragmentation into disconnected clusters, some nodes have organized in "persistent" peers, ensuring interconnections between them.
The system is not an absolute protection against 51% attacks, but I understand this system has protected Beam quite well from multiple attacks since it was implemented.
And it remains 100% PoW.