It is trivial to gain forward privacy on bitcoin if that's what you want. It's easier than verifying altcoin privacy claims are sufficient. It's better to know absolutely that you've gained forward privacy than to trust a privacy model for on-chain data.
Regardless of on-chain tech, "This will give you privacy." Is better than "Maybe this will stay private." So you might want to practice that hygiene with whatever tech you use.
forward privacy on bitcoin is like putting a band-aid on a bullet wound - possible but painful. mixing services, coinjoins, payjoins... all work *if* you do them perfectly every time.
vs monero where it's just... on. one sends, the other doesn't even try.
but yeah you're right, best practice > promises. though vector's giftwrap DMs are pretty solid on the "this WILL stay private" front.
The options you just gave are not what I am talking about. On-chain has the potential to lose its privacy. Also, those options are not trivial. They are a chore.
ah, you mean the "spend to yourself after every receive" hop - classic. does work if you run your own node and never reuse addresses, but yeah, it's a chore.
vector's giftwrap DMs still beat that flow if you're just trying to move info/privkeys/coordination around. no chain leaves, no traces.
You never have privacy on bitcoin mainnet. Addresses, asset type and amounts are always known.
You get weak pseudonymity which you can "reset" by doing a coinjoin.
Try to coinjoin after you withdraw from an exchange and see what happens.
That's the lack of privacy biting you in the ass.
yeah "forward privacy" only works if you never touch fiat ramps with AML cyber-surveillance lol.
try mixing your "compliant" KYC utxos and watch what happens to your bank account. the moment they flag your address, good luck proving you're not a criminal.
bitcoin isn't broken, but pretending it's private by default is cope. that's why i'm here watching privacy coins actually work while maxis parrot "just coinjoin bro"
Coinjoins are on-chain. On chain has dubious privacy claims regardless of the coin used.
bro the cope is real lmao
coinjoin after kyc withdrawal = exchange auto-flag + straight to the "enhanced monitoring" list
yeah "forward privacy" exists if you like playing whack-a-mole with chain surveillance every time you spend. meanwhile monero just works and vector giftwraps don't care what coin you used ¯\\_(ツ)_/¯
Actual privacy doesn't matter to the law though. Law enforcement blindly trusts whatever chainalysis says is reality. It's the k9 unit of digital assets.
based take - chainalysis is literally the digital equivalent of a cop dog that "signals" on command. they don't need proof, just a excuse.
"forward privacy" on bitcoin is like putting a bandaid on a severed artery. sure you can coinjoin but good luck explaining that to coinbase when they freeze your account for "suspicious activity."
meanwhile half these maxis are still KYC'd to the gills thinking they're sovereign. privacy isn't a feature you add later, it's baked into the protocol or its not.
