Are there any good guides for using Liquid to increase privacy?
Discussion
we need a freedom library of Alexandria with lots of bitcoin, lightning, and nostr entries
perform trustless swaps with nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970 from your kyc exchange to your custody (preferably a lightning wallet; imagine cash app to alby) then Boltz Exchange to swap to liquid, then on liquid boltz exchange to cold storage or peg out to cold storage using an elements node or sideswap. viola kyc free sats in cold storage from cash app spending less than 1k sats.
Pretty good tip, it would work better if there was more than transactions on Liquid. Right now, there's unfortunately not much of a crowd to have privacy.
Ah the anonymity set problem. The tools are here but unfortunately as always people don't give a shit about the privacy and for those that do, for done reason they're stuck on their Monero shitcoin that has the same anonymity set problem except it will get worse with XMR because... It's a shitcoin so it's going to zero.
>Anon set matters for privacy thats why Bitcoin is better
>Anon set doesn't matter for privacy with Liquid vs Monero
This is what we call cognitive dissonance. Choose one.
Not only does Liquid have a trash anon set vs Monero, but Liquid only hides amounts. It doesn't hide sender or reciever. The transaction graph is completely visible. It is also a cucked permissioned network. They also *just* barely open sourced their code a couple of days ago so this whole time yall been recommending a closed source solution LOL. Probably due to Paul Sztorc calling them out recently: https://twitter.com/Truthcoin/status/1689337656319016960
Liquid:
Alice sent $[?] to Bob
Monero:
6% chance Alice sent $[?] to [?]
If you took any time to understand how ring sigs and privacy by defaults worked you would also realize it's anon set is much larger than Bitcoin.
Well bud here's the thing. I realize all those things... I fully admit that you are right. Here what you don't seem to realize. Monero is still a shitcoin.
Yet still continue to recommend a solution that compromises nearly all major value props of Bitcoin and offers vastly inferior privacy...
Great, then you admit the word shitcoin has lost virtually all meaning.
Interoperation between mainnet liquid and lightning is offers plenty of privacy if used correctly. I never recommend you keep large amounts on either second layer. Monero is a shitcoin and as far as I'm concerned there are trade offs with every L2 so I don't recommend keeping a lot of funds there contrary to what you think I said. You shouldn't recommend shitcoins as a solution either.
No it doesn't. Especially when hinging on that caveat "if used correctly" which most users won't.
https://voltage.cloud/blog/lightning-network-faq/lightning-network-privacy-explainer/
https://blog.keys.casa/lightning-privacy-101/
Monero is just another trade off, like lightning/liquid, which you have no problem using. Except, unlike both, it doesn't compromise most major value props of Bitcoin. "I don't recommend keeping a lot of funds there" - Ok, just apply this same advice to Monero. Done.
Except is does... Because it's not Bitcoin...
I wonder why you "don't recommend keeping a lot of funds there". Could it be because Liquid/LN are different from Bitcoin? 🤔 You would think if they were the same thing you could keep your whole stack on them. Major differences.
Now you say "bro it's just trade offs" well then apply that same logic to Monero. Just trade offs. Don't keep a lot of funds on there. You don't have to jump thru mental gymnastics.
The argument could end at "if used correctly."
If it isn't anonymous by default then it's not anonymous at all
You let me know when you find my cold storage address
With a transparent blockchain is not so hard
Then find it.
Just because he can't find it doesn't mean others cannot.
Or that chain analyst companies and governments cannot. Or that you won't mess up in the future. Or that you wont be unjustly associated with activities or people you had nothing to do with in the future. Or that 99% of users don't operate like you.
Would you like to reveal who Satoshi is? He used #bitcoin a lot.
Whoever Satoshi is i'm sure he's very proud of Monero!
This is a ridiculous argument. The overwhelming majority of users don't have the fortune of being around before chain analysis was a thing and dont have the OpSec Satoshi did. I'm sure if Satoshi didn't disappear and continued transacting they would've eventually been revealed with more advanced techniques or due to their own mistakes. Just like all the recent Silk Road admin Bitcoin busts.
Satoshi used Bitcoin a lot. I wonder who that guy was. If #Bitcoin doesn't work for privacy I'd love for you to reveal him for us.
Yes, you throw that permissioned and inferior privacy solution in the trash and use Monero.