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33 sats \ 3 replies \ @anon 9 Jun \ on: Basis of privacy on the Lightning Network lightning
Nice article - If you have an on chain UTXO of say $1000 and you wanted to send a payment on chain of say $100 to person B without them being able to trace the payment back to the original on chain payment address - would swapping to lightning and splitting the $100 up between multiple lightning addresses either custodial or non custodial maybe even sending across cashu wallets and back to lightning would this have a similar effect to using on chain mixers or would it be any better? It’s basically so the person you are sending to doesn’t see how much Bitcoin you have on chain?
Your best option is coinjoining before you send the UTXO. JoinMarket may help in this situation.
If you're going to use Lightning... you can open a channel with the entire UTXO (to a large/well connected node) and then send all of it (or nearly all of it) because as long as there are intermediate hops between you and the receiver your sender privacy is excellent. The receiver FWIU won't be able to see your pubkey much less any other channels you have open.
That's my understanding at least.
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If you have an on chain UTXO of say $1000
LOL fiat mindset... In Bitcoin we use sats not $ dollars. YNGMI
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Not sure if it's the best, but it looks like a good way to keep your privacy.
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