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30 sats \ 1 reply \ @DarthCoin 17 Jun freebie \ parent \ on: What are your thoughts on Bitcoin losing the Darknet bitcoin
Hint: did you know that you can have a totally private LN ring, opening Simple taproot channels between participants?
To transact in private between well known peers, it is NOT necessary to open public channels.
Once the channels are depleted, you can close them and open new fresh ones. Is recommended to open big channels, to cover all your spending during x time you calculate, so you will not have to pay opening/closing fees.
But is working totally fine, without any trace in the public.
Central LN node for the nostr market, running a simple LND node in neutrino mode (without the need of full BTC Core sync), totally private.
The market clients, using Zeus, will open each one a private STC towards your nostr market node, with the amount they calculate will spend in x time.
This channel opening will appear on the blockchain as a regular 2of2 multisig.
When you decide to wipe all and start over, just start new LN nodeID and start fresh, leaving no trace behind.
Not sure I understand, so each buyer would open a channel directly with the merchant node? When the channels are depleted and closed isn't it traceable onchain that the funds moved from each buyer to the merchant? Especially if the merchant merges utxos of different channels?
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