Having 55% of hash doesn’t mean you’ll make profit by attempting a doublespend
But a pool could be turned into a malicious pool by an adversary that takes control of it. A clear disadvantages of centralization is that it creates a single point of failure.
Even a malicious pool could at worst mine empty blocks for a while.
Why is this the case? I still have not studied the Monero protocol yet.
Great work!! Are you working on some other next project now?
I purchase Monero through Kraken
Not sure
It is not exactly the same as KYC, because KYC is about the exchange verifying your identity, keeping a record of who you are, keeping a record of your transactions, and the crypto addressees that they send you funds to.
It depends on what your goal is and who is looking at your finances. If you want to buy hundreds of thousands of dollars worth of Monero to avoid paying taxes, then your bank and potentially the tax authorities will pay attention to a massive transaction leaving your account and disappearing into a non-KYC crypto exchange. So, from that point of view, it is effectively similar to KYC.
But if you are interested in privacy and the per-transaction amounts are not massive, then both the bank and the exchange will still have some record of the transaction tied to your identity. But the bank is unlikely to take notice, and the exchange, being a Non-KYC, will not verify your identity nor is it under the same level of pressure to keep detailed records. Still, some of your information is leaked and it is out there.
Monero is very private, so even with KYC you can pull it off the exchange and your identity is immediately disassociated from it.
Depending on how much you want to buy, and who you know, one way of getting it is to buy it from a friend or an acquaintance.
My new phone runs GrapheneOS and I love it.
One recommendation that I would give people is that it does not need to be an all-or-nothing jump into the abyss. It can be a bit disheartening when you try to get rid of all the privacy-invasive things in your life and you get cut off from your family and friends.
After some failed attempts, the strategy that I have found more successful is that I have new phone that I installed GrapheneOS into, and I keep the older phone with whatsapp. The older phone is in Airplane mode connected to WiFi at my home. It is effectively a landline. I can still use it once or twice a day to check on my family through WhatsApp without having to broadcast my location all day to Meta. This way I don’t need to install any sandboxed Google Play services into my new phone. The old phone is the sandboxed Google Play. I also use the old phone for verifications, 2FA, and any other things that I don’t want to contaminate my new phone with.
Over time I am finding that my GrapheneOS is perfectly functional. The main difficulty is the chats services that are used by my family, friends, and work-related “group chats”. I have convinced some people to join my XMPP server, including my mom (wuhuu), but it is an uphill battle. That’s why the other phone is still essential for me.