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0 sats \ 1 reply \ @freetx OP 17 Jan \ parent \ on: Chaumian ecash is the patricians choice.... bitcoin
by nature of existing as a large custodian it create a huge insight into overall Lightning flows. Every inbound and outbound to/from other mints/nodes is data to de-anonymize the network at large.
Good point, but I think we need to ask: "Compared to what"
Is this scenario better then current BTC / LN privacy? (It is)
Mints are a shitcoin panopticon
The mint operators are blind to transfer / amounts. What information do you see they would be gathering?
Let's also not pretend it's about scaling either, because SQL achieves the same exact thing.
Well it is about scaling....how do you see Bitcoin onboarding 1B new users?
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0 sats \ 0 replies \ @justin_shocknet 17 Jan
"Compared to what"
Compared to small, local custodians, running economic nodes.
Is this scenario better then current BTC / LN privacy? (It is)
It doesn't address Bitcoin privacy issues because it's not BTC or LN. It is however centralizing, which is bad for privacy in general.
It can be useful as an access token from a service, where the service rendered should be blinded from the actual payment, but it is not in and of itself good for payments.
What information do you see they would be gathering?
The frequency and aggregate of source/destination on the settlement layer (Bitcoin/LN).
onboarding 1B new users?
SQL
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