If you have a UTXO of say 1 BTC, spend 0.01 BTC, then the receiver and everyone in the world simply sees your .99 change address.
Further with traceability, all future spends and past spends are easily attributable to you via the billion dollar blockchain surveillance industry with 12+ years of increasing sophisticated spying techniques.
No it doesn't, stamps are still allowed last time I checked (it's been a while). BIP444 does not stop non-monetary data either way..
Bitcoin is fuck you money
So fuck you :)
But I do think getting angry at people using Bitcoin a way you don't like will stop them
That's an odd use of 'moral objection'
Having moral objections to spam Tx's and therefore changing consensus to remove some certain types then why not do this for Txs that are of very bad monetary nature?
You can't enforce 'spam is illegitimate'. You can try removing some types you don't particularly like, but it's naive to assume doing that will actually make Bitcoin more monetary. And what if it doesn't?
What if you are not satisfied after fork #1?
What if the spammers whom you stopped to spam look for the next way?
How many spam forks are needed when enough is enough and realize people who want to waste money trolling (or launching scams) on the global permissionless decentralized monetary network will always be able to do so.
No, but UTXO's are NFTs already
I was contacted by a law firm hired by the CEO of #Monero.
They are threatening to sue me because I published this #Monero Manifesto, which is not registered and allegedly uses the trademark and slogans ©️ registered by Monero™️
http://liberlion.com/monero-manifesto/
What should I do?
😂
I guess criminals do use Zcash.
Shielded trademark
Monero is banned in EU, no exchanges, no institutions, no firms can buy it.
Monero is thankful for their support of decentralization and the P2P economy.
Stop crying bitcoiners
Yes, this is why I think it's necessary to move completely towards all economic activity/transactions (L1 settlements) happening on the private by default chain.
If XMR/BTC swaps or similar is used, as you mention with linking past Tx amounts, there is a lot of data leaked and easily correlated. Wallet fingerprints, netflows, timing, etc. And you basically lose more privacy as a function of how much economic activity still requires you to use those surveillance networks (btc or fiat).
Wow I didn't know it was that bad.
So basically even if many lightning nodes were sovereign, and therefore subsets of the network aren't easily mapped, then the large hubs could still "Know Your Channel". Is that the case?
But how could it ideally work if we assume all non-KYC lightning nodes over Tor only (or even an ideal mixnet) and users are running their own lightning (not trusting some 3rd party w/ their data)
It seems like this still suffers from channel closing attacks/ accidents revealing onchain the net balance.
Is this actually possible with something like lightning? Or can surveillance firms just force close (actively attack somehow) those pesky channels that have been open > 1 year and need to touch the global ledger before Apr 15th
That's right, if your UTXO is linked to you (or a profile / behaviour pattern that eventually can be) then you don't own Bitcoin privately - the observer (surveillance state) knows what's yours. And some day when fiat isn't worth the paper it's printed on, they may want their share of your Bitcoin.
Even assuming Lightning is private (which is probably quite an assumption) your channel will eventually close, revealing gains. - I think what you're getting at
The solution is to make the shift to only(or mostly) spend and receive within in the private layer 1 (Monero). Or it's layer 2. This is the P2P counter-economy, a free stateless market. They can still see what goes in Fiat -> XMR (somewhat mitigated with P2P exchanges) so it's crucial that you're paid in XMR. The is what it actually means to "separate money from state". Earning, spending, and saving without permission.
Bitcoin solves the inflation part (kind of) and the other part - the tax part, is easy done then L1 privacy is weak.
"Privacy is for L2" is a lie. Unless they mean you won't actually own Bitcoin (liquid, ecash).
Many more ideas, tangents, and naunces here, let me know what I got wrong.
on the zcash forum there was some post about Zec price manipulation I think the thread is titled 'price speculation'
that's why I pay extra taxes
"The natural state of the free market is deflation. If bitcoin stays decentralized and secure, it is the first free market that’s ever existed... It’s not Bitcoin that’s changing, it’s us moving from a zero sum game to an infinite game." - nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgew2ua w/ nostr:nprofile1qyt8wue69uhh2mtzwfjkctnvda3kzmp6xsurgwqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgxy3c5lqj6g9nqpeg0ea7xgdmurrrq9nc8fx5er2930pq8jdc2vzyu7yza6
when would we know when Bitcoin isn't decentralized/secure enough? from year to year can we measure if Bitcoin is becoming more/less decentralized?
there's still a risk of local cameras (from traffic lights/businesses/residential) correlated with satellite imagery (surveillance companies like Vantor). So depends on how many cameras there are and how often the region is satellite imaged
Phone still pings towers, and there's another sim/baseband processor in your car pinging towers too if it's not an old car
why would the government let you leave?
to be fair, isn't Bitcoin an elaborate money laundering scheme? (so the government would say)
ransomware payments are sometimes 10% discount in xmr...