21 sats \ 7 replies \ @south_korea_ln 15 Sep \ on: My First Thoughts on Silent Payments UX bitcoin
I think the ones most likely to benefit from this probably don't care about the overhead of having to scan the Blockchain. The advantage here really outweighs the disadvantage. Imagine the Canadian truckers. With this, it would have been much harder to confiscate their donations.
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0 sats \ 6 replies \ @OT 15 Sep
Did they actually confiscate Canadian Trucker bitcoin or just threaten them?
It might have been a few more steps more difficult with silent payments. A lot of the KYC'D donations might have also been threatened as they are linked. If the coordinator of the SP wallet consolidated and redistributed it would have revealed all payments.
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0 sats \ 5 replies \ @Design_r OP 15 Sep
If the coordinator of the SP wallet consolidated and redistributed it would have revealed all payments.
I don't know, but do you think each Silent Payments coordinator keep track or has access to who does what? Or is the data only stored locally?
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21 sats \ 4 replies \ @OT 15 Sep
I just meant for that situation (Canadian Trucker protests). Whoever was collecting donations would be distributing it to the truckers. They would need to be careful not to consolidate. As should any person that has a SP wallet.
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0 sats \ 3 replies \ @Design_r OP 15 Sep
Oh ok, I thought you were referring the coordinators to any SP wallets themselves.
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190 sats \ 2 replies \ @OT 15 Sep
No, there's no coordinator for SP like in some coin joins. Its all math/software.
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0 sats \ 1 reply \ @Design_r OP 15 Sep
That's great to know! So everything reside on the wallet itself?
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0 sats \ 0 replies \ @OT 15 Sep
If they're following the BIP, yes.
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