It can be publicly auditable AND opaque.
This is a very common misunderstanding.
You have to trust something in the whole system, that trust might be reasonably placed in cryptographic primitives that assure anonymity and privacy as well as assuring no inflated coins are created, primitives which have been reviewed and audited, over and over again.
From compilers to central processing units to hash functions, you are already trusting a LOT in Bitcoin.
#monero adds a little bit to that gigantic pile or complexity.
All of this is explained in https://www.moneroinflation.com
papafigos / Papa Figos
npub1r5…333vz
2024-05-04 10:23:55
in reply to nevent1q…hlpv
Author Public Key
npub1r5yzptzufjehaduv3du9tlrav4ws9edwuu338s2a06haamc6xlfsf333vzPublished at
2024-05-04 10:23:55Event JSON
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"pubkey": "1d0820ac5c4cb37eb78c8b7855fc7d655d02e5aee72313c15d7eafdeef1a37d3",
"created_at": 1714818235,
"kind": 1,
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"content": "It can be publicly auditable AND opaque.\n\nThis is a very common misunderstanding.\n\nYou have to trust something in the whole system, that trust might be reasonably placed in cryptographic primitives that assure anonymity and privacy as well as assuring no inflated coins are created, primitives which have been reviewed and audited, over and over again.\n\nFrom compilers to central processing units to hash functions, you are already trusting a LOT in Bitcoin.\n\n#monero adds a little bit to that gigantic pile or complexity.\n\nAll of this is explained in https://www.moneroinflation.com",
"sig": "c9f1a1a74247be5647d0c9e943133d7ec89b8fea4eb74155a337a717fc5c96f1dcc92858671fc9a579421ac63f8018bf5aaff4200b30a45345d71db71c3ba621"
}