Replying to Avatar Cyph3rp9nk

There are many ways to get privacy in Bitcoin, if the fees are low coinjoin, if not low through Lightning and Liquid with swaps or peg-in and peg-out of Liquid. I don't use monero because it lacks monetary value and I risk losing money.

To each his own. Besides monero is a joke, if you want a private currency use zcash.

I hope zk-SNARKs can be applied to bitocoin someday through a layer 2 for example with Rollups.
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Saberhagen The Nameless 2y ago

Coinjoin is not privacy, nothing is hidden, you are just obfuscating ownership even if you do it correctly.

Relatively expensive, tedious, and slow.

Bound by a small subset of users wanting to coinjoin.

Obfuscation degrades over time as outputs are spent.

Liquid doesn't hide sender/receiver, most blocks have 0 transactions so no anon set, and is custodial

Lightning is not private. Especially for receiving. Even LN devs are telling you.

bitcoinmagazine.com/technical/state-of-bitcoin-lightning-network-privacy

Zcash has all the same problems of optional privacy. Novel cryptography. IP isn't hidden. Trusted setup. Dev tax. Going PoS. Blockchain was spam-bloated from 30GB to 260GB in less than a year (lol). Not used on DNMs for a reason.

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