the simple fact that a receiver on lightning cannot easily tell which utxo funded the payment is a massive win
deposit via lightning to an exchange?
pay a merchant via lightning?
the recipient does not know your transaction history
chain surveillance neutered 🎯
Quiero y voy a seguir pagando con lightning
But like Monero and all that
But like tail emissions and constant forks and all that
Who really is checking UTXOs for a cup of coffee ? Or Sandwich ! 🤤
apart from those who are interested in todays cash back services, I guess burglars who want to know when you are on vacation and tortures who want to know your habits and so on.
The lightning network must grow massively. It is a niche of a niche. Anything that offers privacy will get attacked.
Lightning: 0.0002% of the network
River estimated that lightning had about half the transaction volume as the base chain in 2023. That’s not a small percent and it’s been growing.
https://river.com/learn/files/river-lightning-report-2023.pdf
Transaction volume is a piece of this story, but not the driving factor. Whirlpool was attacked with less than 8k Bitcoin mixed.
We need more nodes. We need more coin pegged in lightning channels. It needs to become the standard. If mixing was a default standard on chain across most wallets SW would not have been attacked. Privacy must stop being a feature that only exists on the fringe.
What can a pleb do that isn’t too tech savvy?
Run a node. Open some lightning channels. Use the channels. Encourage others to join you.
Now let's properly implement Bolt12! Currently offers without node IDs are not supported by some nodes.
I'd like to see wallets like phoenix have ability for users to add watchtowers/s to their wallets. Surely this would both make it more secure for users and open a market for plebs to sell watchtower services
I love this note and it makes sense ☺️
LFG!! This was one of my biggest concerns with Bitcoin besides the mining pools. That will get solved hopefully with the bitaxes. If enough people start solo mining ⛏️. #Bitcoin
Wait until you learn about fedimints its even better.
Better than any "privacy" shitcoin.
I hope you are right on the neutered… however i suspect its more delayed, slowed etc
I haven't followed... What's your stance on the bits vs. sats discussion? Is there a public sharing of yours on that yet? Curious.
