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RE: F**k Steemit!!!!! SMTs Will Make STEEM HODLers A Fortune
Oh, I see. So the mind-blowing solution is the Zk-Snarks. Dash is more like a protocol-level coin mixer. Miner takes all the transactions, shuffles them into a single big grab bag and says 'these are the inputs, these are the outputs, good luck tracing'.
Theoretically if you ran a super-node like a miner and kept your own separate record over time, you could trace everything. So it's susceptible to man-in-the middle attacks (read-only) but trace-less otherwise (assuming decent transaction volume).
You could also still do probabilistic tracking, but you would need a lot of transactions to draw a clear line between two addresses.
I remember Amanda Johnson saying if you owned 20% of the masternodes you can track 0.004% of the transactions. Masternodes doesn't do the Tx it simply connects those who want to mix. They have lots of improvements done and PrivateSend goes through multiple mixing rounds. It's economic suicide to use masternodes to attack privacy with a masternode being priced at 1000 Dash.
https://www.dashforcenews.com/privatesend-best-practices/