Nostr Web Client

its obvious, look at most centralized exchanges, their ux is always in favor of reusing addresses because its easy.

anything useful for the users in the financial surveillance industrial complex is there by accident. best practices are never in favor of the user, always in favor of the oppressor.

Sjors Provoost 9mo ago

Kraken made it pretty easy to rotate deposit addresses, even showing you if they've been used before. For withdrawal this is trickier, and the travel rule made it even worse.

Silent Payments would fix it entirely for withdrawals; just verify it once and you're set.

But for deposits that doesn't help. Same issue with Lightning. Fundamentally the concept of a "from" address doesn't really work in Bitcoin.

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Discussion

Sjors Provoost 9mo ago

(and it *shouldn't* work probably)

Skhron - VPS for Bitcoin, Lightning and Monero 9mo ago

I see no sense in on-chain privacy if you were already KYCed by CEX and all sorts of commercial chain analysis can link it all

Skhron - VPS for Bitcoin, Lightning and Monero 9mo ago

I mean, even with coinjoin you still can face legal troubles due to your KYCed coin

Sjors Provoost 9mo ago

Depends on your threat model. The fact that a KYC exchange knows who you are doesn't mean all potential adversaries know. At least not until the inevitable giant data breach of your exchange.