this post was submitted on 02 Sep 2023

11 points (92.3% liked)

Monero

1662 readers

9 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago

MODERATORS

admin@monero.town

11

Using address to authenticate (monero.town)

submitted 1 year ago by Liability8104@monero.town to c/monero@monero.town

3 comments fedilink hide all child comments

I'm currently using monero addresses as the sole authentication method for a custodial service, similar to how mullvad VPN has a single account number to authenticate. My understanding is that these are unique, and impossible to guess. For a custodial service, this makes withdrawing user funds trivial as well.

Can anyone tell me why this is a bad idea?

you are viewing a single comment's thread
view the rest of the comments

[–] Unkn8wn69@monero.town 3 points 1 year ago

I don't see a reason why it should be a monero address tied to it. Just make it a random string like mullvad does)