Just sent you 3 sats via LN, find my on-chain address. If you can't, then you proved my point.
Discussion
you really *are retarded.
a random individual not being able to track a random transaction means nothing and doesn't prove jack shit 👍
we are much more concerned about dragnet surveillance and Chainanalysis,
then whether your exchange counterparty knows the size of your stack.
Step 1. Install nostr:nprofile1qqsf80gvdu7vhtj88z9srtrvuzevqyc3fh9yczxkufcj6nlhzsz68scpp4mhxue69uhkummn9ekx7mqpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqg0waehxw309aek7mr0vdhjumnvmxmjyh, send some bitcoin to the wallet, and coinjoin three 1M+ sats UXTOs.
Step 2. Install nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzyrhwden5te0dehhxarj9ekxzmnyqyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueq555fk2, and send those UXTOs to this wallet with Taproot address.
Step 3. Open three 1M+ un-announced(private) LN channels with each one of the UXTOs, with Simple Taproot enabled.
Step 4. When paying in LN, use MPP (payment is split into parts / uses multiple channels).
Step 5. When receiving in LN, use LSP wrapped invoices or Blinded paths.
You could also use multiple custodial non-KYC wallets like nostr:nprofile1qqst4qyeqenw7zm0fwjsty68h6cnys5jre2xd8ngqpjv5a2j26s78fspzemhxue69uhhyetvv9ujucm0d9hx7uewd9hj75a0pev as decoys, or for quick swaps, or to manage liquidity of your node channels.
This whole process takes 5 minutes to setup. No one needs a shitcoin.
it doesn't take only 5 minutes.
you cant quantify the privacy gained by any of those steps.
ie, you have no idea what information what may be leaking at any point in the process.
it doesn't work at scale.
LN is not a privacy layer.
its true what you are describing is better than doing nothing.
but its more work
and worse privacy
than you know,
just using #monero
The XMR alternative:
Step 1. Use Monero.
That's literally it. I'm a Bitcoin maximalist, but I believe we can learn a lot from Monero and it's community. Bitcoin privacy, as it stands, is nowhere near good enough to fully protect humanity's inherent right to privacy. Lightning is great, but it has its own problems. And in the end, anything beyond "just use it" is not good enough. We have a long way to go.
Step 2. Realize only drug junkies and anime girl profile picture users are using it.
Step 3. Swap in/out to BTC on some shady swap service because monero is a hot potato that loses value and you can't hold it for more than a month.
I've never taken a single drug in my life and I don't watch anime, monero is cool.
Stop telling other people how to use their money and focus on your own stuff. If you don't want to use monero then don't, other people can do what they want with their money.
Monero users are the ones telling people bitcoin is doomed and monero shitcoin is the solution. HFSP.
Bitcoin has problems, monero also isn't perfect, it's not an attack on you if someone says something you like has problems. There is also nothing wrong with saying things have problems that's the only way you see things change.
Weird
I started buying at $60
still waiting for the "losing value" part.
you just mean "youd be more fiat rich if you held BTC"
which is a really fucked up thing for a "Bitcoiner" to say.
Recommend Wasabi and custodial wallets. Congratz, the end is near.
Nice 👍
That definitely doesn't take 5 mins, you are relying on 1 confirmation to the wasabi wallet, 1 confirmation for the coinjoin, 1 confirmation to the zeus wallet, and then 3 confirmations for the channel opens to confirm lock_in state, that could take hours depending on your fee rate and network conditions
Plus that's not guaranteed good privacy, good privacy takes time like coinjoining multiple times in different intervals, and only later on opening channels where your coins are very far apart from the initial mixes. Even in Monero it is not advised to get coins from an exchange and immediately spend on the darkweb, you are better off churning or adding more hops in between. FCMPs++ fixes that, but we are yet to see LN's adoption for these high risk cases to compare
Wasabi 😂😂😂 Custodial wallets.
JFC
Just use Monero. No need for a bunch of steps. Work smarter, not harder.
Just imagine if all major banks on thr country, like JPMorgan Chase, Bank of America, Wells Fargo, Citibank, etc. allowed literally everyone see and know all financial transactions from all their customers in a public record in the internet, including the sender and recipient identity, the amount and the date of all transactions in all these banks. It wouldn't be a complete absurd and total invasion of privacy if banks worked in this way? But this exactly how BTC transactions work, open to everyone track in the transparent blockchain. At this point BTC is even worse than Fiat