228 sats \ 6 replies \ @siggy47 2 Dec 2023 \ parent \ on: Btc privacy tradeoffs, overt and covert bitcoin
What you wrote is accurate, but then we must accept that bitcoin is inferior to gold, and even paper bank notes, when it comes to fungibility. Perhaps the only recourse is to use mixers, and, to quote a famous philosopher named @DarthCoin, "fuck the guvs."
Mixers, and then hope the culture makes mixing so prevalent that preferences for 'clean' coins with good pedigrees becomes implausible; and that the ability of state actors to oppress based on that pedigree becomes minimal.
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sir, did you finish reading ALL my guides?
Please try to pay this LN invoice and tell me if you can find the destination...
lnbc10u1pjkhyzkpp54xg0hgtp24h6mc0ce0llu3mxl57p86564pglk5vk86x0v3gqqt2qdqqcqzrcxqr8qlsp56qlgqxxfp5e2g2c5q2qdf24n09np4unfrnlmqkmv5us74vj3q7sq9qyyssq2r9zd7kda6g8cmpu6lh0hte9mentj0v7mcvy6glkngygdfe600qxkqf2f5ffumvvdatk5wzgmw6j49z6ee62hfkk8dpwggew7x6kntqpuykn79
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^ this. Lightning is the most effective mixer/anonymous layer on Bitcoin. When you need anonymity, it’s there, and it works pretty damn well these days. Sure, there are issues with edges knowing their points on the route, but it’s good enough to mitigate anything but a very expensive to concoct NSA surveillance node network (that would be frequently bypassed anyway).
Besides, it’s much easier for a government to just demand records from merchants and get shipping info to hunt you down in meatspace than to trace lightning. We’ve reached the point of evolution where the privacy failure exists outside the bitcoin payment ecosystem.
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I tried, it expired :)
But point taken. I need to learn more about this aspect of LN. Well, I need to learn about all of it, but this in particular.
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LOL after 4 h ?! hahaha, I never let my LN invoices to be valid after 1h.
Read more here https://docs.zeusln.app/lsp/wrapped-invoices/
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Dude with wrapped invoices you are involving a LSP. That is a third party. Similar privacy as a banking app.
The whole point is that ideally no one else should know except the sender and receiver.
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