How you pay with Bitcoin with privacy? \ stacker news ~bitcoin

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How you pay with Bitcoin with privacy?

1312 sats \ 42 comments \ @rod 7 Jul bitcoin

Open question to the community,

Considering the censoring of Samourai Wallet, Whirlpool and other means to transact with privacy online using Bitcoin.

What user friendly options for the non technical people are left?

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375 sats \ 1 reply \ @DarthCoin 7 Jul

LOL you never heard about using Lightning Network ? Read more:

How you pay with Bitcoin with privacy?

Here is how you pay using BTC LN and https://darthcoin.substack.com/p/bitcoin-lightning-irl-examples

17 sats \ 0 replies \ @JesseJames 7 Jul

Amen to that!

78 sats \ 9 replies \ @Natalia 7 Jul

Lightning ⚡️

17 sats \ 8 replies \ @rod OP 7 Jul

LN private?

AFAIK, when making a payment over the LN, the payment path is disclosed. This means that the sender's node and the recipient's node are connected, making it possible to trace the transaction.

Am I missing something?

63 sats \ 0 replies \ @DarthCoin 7 Jul

Am I missing something?

Yes, everything about how LN works. Learn more about how HTLCs works.

59 sats \ 6 replies \ @Natalia 7 Jul

you can make use of the embedded node + LSP ( check out Zeus if you haven't ) or custodial wallet as burner wallet.

It really depends on how you use it.

17 sats \ 0 replies \ @bzzzt 7 Jul freebie

i second this recommendation. zeus embedded node, open channel to olympus LSP ( its all handheld via the app). that is about as good as it gets rn for users that are not gonna run their own node.

0 sats \ 4 replies \ @rod OP 7 Jul

Thanks Natalia, much appreciated

0 sats \ 3 replies \ @Natalia 7 Jul

keep exploring:)

I got a detailed post about Zeus coming up soon ✌🏽

17 sats \ 2 replies \ @rod OP 7 Jul

Looking forward to reading it.

I am planning on writing a follow up on the Ark Protocol as well, looks promising...

Still, being tech savvy and transacting with privacy is not difficult, I am looking for answers for non tech savvy to do so in a safe manner, liquid is easy as pie, but doesn't feel safe, therefore I would not recommend it, LN is too complicated for non tech people. The irony, after so many years and we are still so early...

38 sats \ 1 reply \ @Natalia 7 Jul

LN is too complicated for non tech people

nah, and I'm non tech people 🤔 it's not so hard to understand once ppl don't mind testing things out, that's how I learned everything about Bitcoin, learning from testing.

0 sats \ 0 replies \ @rod OP 7 Jul

I meant, if you want to do it right is a lot of work and know how, not for the average person without any knowledge about LN and Bitcoin...

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17 sats \ 1 reply \ @SwapMarket 7 Jul

Aqua wallet. Pay via Liquid or Lightning.

0 sats \ 0 replies \ @Bell_curve 8 Jul

Yes 👍 💯

17 sats \ 10 replies \ @03bcf32596 7 Jul

https://silentpayments.xyz/docs/wallets/

0 sats \ 9 replies \ @rod OP 7 Jul

It is an interesting option, but, AFAIU, it uses Liquid side chain, centralized and federated, additionally, transactions still generate metadata, such as transaction size, fees, and timestamps about the transaction. While this metadata is less sensitive than the transaction details themselves, it can still be used by chain analysis corps and organized crime conglomerates (plenty of resources) to gather information about the transaction, clearly more private than without it,better than nothing but not a silver bullet.

38 sats \ 8 replies \ @zklsbn 7 Jul

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0 sats \ 6 replies \ @Bell_curve 8 Jul

What about boltz swaps?

Convert on chain ⛓️‍💥 to lightning ⚡️ or liquid

Transact using lightning or liquid

17 sats \ 1 reply \ @rod OP 8 Jul

On chain to burner LN wallet with Boltz swaps to merchant payment... That works and not too complicated, good suggestion, thanks!

0 sats \ 0 replies \ @Bell_curve 8 Jul

I love Boltz plus they have great support on Telegram via Aqua channel

Lightning also has privacy because it is off chain

17 sats \ 3 replies \ @zklsbn 8 Jul

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0 sats \ 0 replies \ @rod OP 9 Jul

Smart

0 sats \ 0 replies \ @Bell_curve 8 Jul

True

0 sats \ 0 replies \ @rod OP 9 Jul

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0 sats \ 0 replies \ @rod OP 8 Jul

You are correct, thanks for pointing it out. The metadata part still a valid argument thought

17 sats \ 0 replies \ @guts 7 Jul

You can't on chain.

17 sats \ 1 reply \ @SatsMate 7 Jul

ecash is private, but it is not bitcoin. Also don't transact large amounts with ecash.

17 sats \ 0 replies \ @rod OP 7 Jul

Thanks for sharing, either way, wouldn't touch it.

17 sats \ 6 replies \ @160ed04091 7 Jul

To maintain privacy, avoid reusing addresses for multiple transactions, better still just use privacy focused wallets

0 sats \ 5 replies \ @rod OP 7 Jul

Managing your UTXOs is very important as well as not reusing, agree. But, any basic chain analysis will dox your wallet very quickly.

What do you mean with privacy focused wallets? AFAIK we had only Samourai Wallet and Wasabi, but now we are out of options

38 sats \ 4 replies \ @zklsbn 8 Jul

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17 sats \ 3 replies \ @rod OP 8 Jul

Thank Radentor, awesome list.

Which one would you recommended for the non tech savvy?

0 sats \ 0 replies \ @Bell_curve 8 Jul

I use Zeus and Mutiny and I don’t code

38 sats \ 1 reply \ @zklsbn 8 Jul

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38 sats \ 0 replies \ @rod OP 8 Jul

Thanks!

17 sats \ 3 replies \ @03365d6a53 7 Jul

ecash

17 sats \ 2 replies \ @rod OP 7 Jul

ecash is private? You have any pointers? Either way, thanks for sharing, I'll check it out, although the idea is to transact with Bitcoin with privacy

38 sats \ 1 reply \ @03365d6a53 7 Jul

ecash is the most private way to send or receive small amounts of bitcoin (more accurately, vouchers you can redeem for btc on lightning)

check out:

enuts
minibits
cashu.me

just don't put more into ecash than you can afford to lose - and don't keep it there for long periods - you can get rugged.

0 sats \ 0 replies \ @rod OP 7 Jul

Thanks for sharing, will look into it.

0 sats \ 0 replies \ @03bcf32596 8 Jul

There is also whisper addresses. buts its a bit more long winded.

0 sats \ 1 reply \ @Bell_curve 7 Jul

Liquid

17 sats \ 0 replies \ @rod OP 7 Jul

A federated sidechain network, I am very uncomfortable with Liquid, is basically a corporate centralized owned L2, will never use it. Not planning to trust my funds to "middle men". Thanks for sharing though, appreciate it