The point is that SAs break the transaction graph, making tracing the flow of funds impossible.
1. each SA only appears for a single output
2. it's impossible to know which is the true spend
Discussion
Exactly. I had another look at the block explorer and docs, then made a correction comment and came to the same conclusion
The comment didn’t post. Keep in mind YouTube creators can delete comments on their videos…
> it's impossible to know which is the true spend
Not impossible. My tool *automatically* detects the true spend 1 in 15 times. Better tools (like ciphertrace's) do better.
Lightning is superior.
There’s a reason the IRS never made a bounty for Lightning and said it wasn’t an issue in their report from 2020.
you can't stop lying can you?
you are using heuristic analysis, which is NOT a deterministic relationship.
your tool identfies the *likely true spend
at a certain (undefined) probability
and it does it no better than random chance
(but automatically! 🙄)
I suggest if you're actually interested in operating in good faith you prioritize telling the user the probability your heuristic analysis is accurate.
ie, the odds an old ouput decoy WOULD be used in a ring etc