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IRS offered $625,000 bounty to anyone who could “crack” Monero; no one succeeded

47 pointsby dsgriffinover 4 years ago

4 comments

Nextgridover 4 years ago
Could anyone explain why Monero isn't more popular than Bitcoin? On the surface it seems to do everything Bitcoin can but adds privacy as a bonus, so why doesn't everyone use it?
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segmondyover 4 years ago
If a bad actor could crack Monero, do they stand to earn much more than $625k? If so, what would be their incentive to tell the IRS and accept the $625k? I see none. So that statement doesn't tell us anything about the strength of Monero.
erdoover 4 years ago
Well as far as we know, no one succeeded ;) if I was the IRS, the last thing I would do is tell everyone we could now deanonymize Monero.<p>(I&#x27;m mostly kidding, I don&#x27;t think anyone can deanonymize Monero)
lern_too_spelover 4 years ago
Where does it say no one succeeded? It looks like a contract was awarded to Chainalysis, Inc.