This is a great advertisement for Monero if you watch the video. From the start the Chainalysis agent is in awe of Moneros privacy. Despite the target using a malicious public node, aside from trying to guess an IP address, they can't really gather much from it. He throws caveats through the whole video: "might be the user" "no strong indications" "I don't feel confident" "we have to keep in mind that's just one possibility...we do not know with any certainty..." "not many bread crumbs to follow" And they still have zero knowledge of the amount of Monero sent or who it was sent to. "If you are a privacy advocate it really is objectively better than Bitcoin
Monero is a privacy tool, it is indeed better than bitcoin in that respect, but monero does not serve as a store of value because of possible hidden inflation problems. That is the question.
Ok, well that is a different topic, I'm referring specifically to making private transactions. The quote from from the Chainalysis agent not me
In fact I am not suggesting that monero is not private, I have put the example of “supposed” attack on monero to explain the difference between blockchain privacy and network privacy using this example to demonstrate that the network architecture of whirpool clients is garbage. This attack on monera is basically done at the network level not at the blockchain level. Something that by the way monero clients should also take care of, although here it mitigates it practically if you use your own monero node.
"Something that by the way monero clients should also take care of..." Aside from using your own Monero node, and/or going through Tor, how else would this be done? Is there some clever scheme to get around this?
Clients should use tor and not refuse circuits, one circuit for each query, each query should be an address, never expose the public key.