governments not being able to control bitcoin is as important as bitcoin not inflating, because whatever degree of control governments get over bitcoin the first thing they will try to do is inflate it
Discussion
ct seems to me something a bit difficult to obtain trought soft fork, how can a legacy client is supposed to react to a redacted amount?
I think CISA could be more interesting as a base to make every spend a coinjoin and create incentive to mix everyone you can, disrupting eurisptics
i don't know the name of the proposal
it just makes it so the spend address cannot be known ahead of time, it doesn't hide the amounts
I don't think there will ever be monero style hidden amount CTs because of the auditability problem, but being able to prevent attackers from knowing what address spending to monitor for is a big advance for privacy
Oh do you mean MW (mimblewimble) then? It was added to Litecoin as an "extension block" (like a sidechain) and they call it MWEB for MimbleWimble Extension Block
In Litecoin's case they implemented it with CT so it hides amounts but it can be done just as a "mixing" protocol
that is true, but then priorities now should be first mining decentralization, so that no one nation state can control the transactions in blocks and its emission, and then getting consensus for CT or covenants, but still you can ask around and you'll see how most bitcoiners value the auditability as one of bitcoin's most important features as way to "fight" governments to show them how bitcoin is the scarcest asset ever and all that, and then some will also say how privacy should come in layers or something else
So hiding the amounts on-chain transacted make auditing harder, but that's just it, auditing the full supply is still possible it's just harder cryptographic math that proves the amount is valid, rather than telling everyone what amount everyone is transacting between each other
But getting consensus and pushing a change like this to bitcoin at this point would be a big "fuck you" to all governments out there definitely