Avatar
Modus
547fcc5c7e655fe7c83da5a812e6332f0a4779c87bf540d8e75a4edbbf36fe4a
The Revolution Will Be Self-Hosted. modusb.com

We knew all it was on the way. And it's barely gotten started.

1. Privacy doesn't necessarily mean you have to hide everything. You can "selectively reveal yourself." If the government really really really gets their shit together then you will owe them like $7 in taxes 12 years from now.

2. If you use a nym, you're only revealing the transactions of that nym. Modusb.com/nym

Replying to Avatar Seth For Privacy

Everything actionable you need to know about what this indictment means for you as a Samourai Wallet (SW) or Whirlpool user 👇

As a Samourai Wallet user (no Dojo)

Unfortunately, the architecture of SW meant that your xpub (a master public key, allowing anyone holding it to derive all your past/present/future Bitcoin addresses) was at some point in time held by Samourai, and could now possible in the hands of the DOJ.

Though it's a worst-case scenario, you should assume that your xpub was compromised, and thus all previous mixes you have done have been unwound and are now traceable. You should also assume that the gov can now derive all past/present/future addresses of yours and track movement of funds if so desired.

In addition, Samourai's coordinator and backend sync server was seized, and so SW will no longer sync, show received funds, or allow sending funds out. As such, you have to migrate funds to another wallet like @SparrowWallet following the docs here:

https://docs.samourai.io/wallet/restore-recovery#export-to-external-wallet

In addition, I would recommend migrating funds to a new seed phrase to prevent anyone holding the xpub from seeing all future received/spent funds.

You should also disable automatic updates in the Play Store (if used) to ensure no malicious updates are pushed.

As a Samourai Wallet user (using your own Dojo)

Thankfully, you avoided having your xpub potentially compromised. The worst case scenario for you is that your previous mixes may not have the full anon set you expected if non-Dojo users xpubs were compromised.

You will still be able to sync/send/receive from your Samourai Wallet app, but should also migrate funds eventually as no further updates will come out for Samourai Wallet. If you want to migrate, use the docs below:

https://docs.samourai.io/wallet/restore-recovery#export-to-external-wallet

You should, however, disable automatic updates in the Play Store (if used) to ensure no malicious updates are pushed.

As a Sparrow Wallet user

Thankfully, you avoided having your xpub potentially compromised as well. The worst case scenario for you is that your previous mixes may not have the full anon set you expected if non-Dojo/Sparrow users xpubs were compromised.

There is no real need to rotate to a new wallet etc, and Sparrow is still an excellent option. Unfortunately you will no longer be able to mix in Sparrow as the Samourai coordinator was seized.

Next steps for privacy

If you (like me) relied on Samourai Wallet for privacy on Bitcoin, it's time to look elsewhere sadly. As of today I have two recommendations:

Use Monero for spending, keep using Bitcoin for savings

Yes, this isn't Bitcoin, but its by far the most used and most practical privacy coin out there with strong (and growing) ways to swap in/out of it without a centralized, KYC exchange. My recommendation is buying enough to cover your normal spending of Bitcoin for a month at least, and spend out of that lump sum as needed.

Learn more:

getmonero.org

Where to get Monero:

bisq.network

Trocador.app

In Cake Wallet's exchange feature

Wallets:

Feather Wallet

Cake Wallet

Monerujo Wallet

Merchants that accept Monero:

monerica.com

cryptwerk.com/pay-with/xmr/

Use JoinMarket

JoinMarket is a decentralized Coinjoin protocol that brings together peers to mix funds together, gaining strong privacy without relying on a central coordinator, without giving fees to a central entity, etc.

The best way to get started today is using the new UI built around JoinMarket, @jamapporg:

jamapp.org

Have any more questions? Drop them below and I'll do my best to answer them.

Do they have the xpub if the user never used whirlpool and just used samourai as a wallet?

"I am responsible for everything that has ever or will ever happen to me." This is false. It's awesome to take responsibility but you don't have to go so far that you actually live by false principles.

If she doesn't want him looking at her, she could address the problem by jiggling her own ass in his face.

Like and subscribe for more practical relationship advice.

Just listened to Mark and Whitney on TFTC, so I know many people will not agree with me, but I'm bullish on Liquid.

I started using different Liquid Wallets for budgets. It works like Dave Ramsey's envelope system, but with L-BTC and my phone instead of USD and envelopes made of dead trees and lickable glue.

Reduced fees make this system even better!

I don't use USD-T, but my bank started charging me $8.00 for my savings account. At 0.01% interest, we can expect Dave Ramsey's famous baby step one to go to zero in about 10 years.

This made me reevaluate the risk profile of savings accounts.

In the new world(🤡🌎), you're better off holding USD-T in a Green wallet with no interest than holding actual USD in a Bank of America savings account-- unless you keep enough fiat in the BofA to become a gold member or whatever. If you do that, your $10,000 loses $350 worth of buying power if you wear a mask in your car(by yourself) and believe the official CPI numbers. I don't make the rules.

I still prefer bitcoin to USD-T, but the more I think of it, fiat fuckery has now reached the point where banks are too risky for most people.

It's fair to say USD-T requires a trusted third party, but in the new world(🤡🌎), Tether is more trustworthy than BofA.

The sad truth is: USD-T became a better shitcoin than USD in a savings account. The FDIC is broke. USD-T is backed by debt issued by the insolvent US Treasury. It will not stop the USD inflation, but nor will BofA.

I know better savings accounts exist, but most people have less than $400 in savings and don't have time to find these tools.

nostr:nevent1qqsdy4t87g996nw0972t7rd6anf4v2y43r4ejhrh9thkg8fqel5q8acpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyqxrw867m9g8vcf5g05rx8ztvzpga4nmehh6595cldwwn4an9p0lkqcyqqqqqqghw0qp0

I think liquid is great, but I would hold USD savings as cash. Also silver and gold are good stable-ish coins.

He means his casa, the company he works for, which provides eth services as well

On RHR they said you're an urbit... person. Is this true? Where do Bitcoin urbiters congregate?