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Max 2y ago

Satoshi gifted us a *theoretically perfectly anonymous* transaction system.

sats do not flow "from the second input to the third output".

Rather, sats on the input side get destroyed, and sats on the output side created. It's not a flow of sats, but more like a wormhole.

We have been stupid and made bad use of this miraculous technology. We have always made small single user transactions, and if there is a low count of inputs and outputs, the k-anonymity of this transaction is also low.

The extremely simple solution to maximize the privacy guarantees of Satoshi's transaction system, is to increase the count of inputs and outputs in a transaction.

That's it.

That's the trivial solution to Bitcoin's privacy "problem".

BIG TRANSACTIONS.

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Robertrobert 2y ago

Wow! Like coinjoin but somehow many individual transactions scooped up and dispersed every ten minutes?😱

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nix 2y ago

I have never been a BTC enthusiast. For some 5 years now I have supported alternatives because of privacy issues (and may be, on a more emotional level, because I like underdogs). nostr:npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt is starting to change my mind

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Max 2y ago

That's awesome to hear!

So many Bitcoin projects are prioritizing privacy, and in the last 5 years there was a mind blowing progress.

The base layer blockchain privacy is substantially improved, and there is so much possible on privacy optimized second layers.