I can't. Anyone you recieve from can. Your friendly neighborhood fed and sleuth can.
99% of everyone else that uses Bitcoin/LN can be because it has no strong privacy by default AND is overwhelmingly used custodially.
https://voltage.cloud/blog/lightning-network-faq/lightning-network-privacy-explainer/
Wallets: https://pastebin.com/LybgLKLg
Obtain KYC free: https://pastebin.com/KEG2qTwR
Places to spend: https://pastebin.com/7A7cR7rh
Hope this helps
I'll try and dumb it down since you either didn't read your own article or watch your own video.
Monero bug:
Maybe Alice sent $[?] to [?]
Bitcoin without any bug working as normal:
Alice deifnitely sent $X to Bob
14 years of life and 14 years Bitcoin has zero default privacy lmfao
We can't. Anyone you transact with can. Your friendly neighborhood fed and chain sleuth just might.
And they can easily find 99% of everyone else that uses Bitcoin because it has no strong privacy by default.
Bitcoin has no privacy, no real world fungibility, and tx fees NGU
<1% bitcoin mcap, but just as much (if not more) usage on DNMs.
Go let merchants with real skin in the game know that they are wrong, not us.
Every argument he brings up effects Bitcoin tenfold, so I don't know how you/he thinks it is a unique problem for Monero. This guy also still thinks Monero has 11 decoys 😂 He is not talking about anything new that the Monero community hasn't been discussing for years already. Sender privacy has always been Monero's relative weakness.
As for the privacy bug: Even if all your insinuiations are correct (they are not it was probabilistic not deterministic), Monero would *still* be infinitely more private than Bitcoin as it only effected decoys (sender privacy).
Amounts and recievers would still completely hidden.
Monero is also not adopting Lelantus. Seraphis upgrade will increase decoys to 128 or 256 and eventually full membership proofs will do away with ring sigs for sender privacy completely.
Yea, no-KYC P2P CEX. You can access them without javascript and thru tor. You can use a true DEX like Bisq if you prefer.
BTC --> XMR atomic swaps: https://unstoppableswap.net/
Samourai releasing their crosschain XMR <-> BTC swaps soon too
Yea I don't recommend buying from KYC CEXes even if it was possible. But wow I didn't know all US exchanges don't have Monero available anymore. Even Kraken?
Agree Breez and Phoenix are probably the best LN wallets available in terms of UX and self custody (You have to run your own node with Zeus atm). But since you are not running your own active nodes (for Breez and Phoenix at least) it is still not completely trustless and has privacy implications. At least Phoenix is transparent about this on their website.
https://phoenix.acinq.co/privacy
https://phoenix.acinq.co/faq#is-phoenix-trustless
I know the new upcoming splicing update solves some of the trust and privacy issues on Phoenix, but not completely since you are still not connected to your own node.
Monero's strength is in it's better qualities as digital cash. Cheap tx fees (under 1 cent), real world fungibility, and strong default privacy.
Agree Monero acceptance is not as ubiquitious as Bitcoin on white markets, but there is still quite a lot. People on the outside might just not be aware.
[Spend Monero directly]
-Monerica massive directory [monerica.com]
-Monero Market [moneromarket.io]
-KYCNotMe [kycnot.me/services]
-Telegram: Monero Market [t.me/moneromarket]
-Darknet Markets [torproject.org]
[Monero -> Gift Cards]
-Coincards [coincards.com]
-Cake Pay [buy.cakepay.com]
-Coinsbee [coinsbee.com]
-AllArk [allark.io]
Definitely don't do a fake name. It is a big red flag in the postal system.
Ordered a boring item under a fake name years ago when I was more naive about this stuff. The postal worker came to my door personally and was clear that if you're trying to be incognito that is the worst way you could do it. Blend in just use your real name. Anyone can send you anything in your name anyway it doesn't mean you ordered it.
Did you transfer funds from an exchange?
Monero doesn't have RBF so 0 conf is relatively safe compared to Bitcoin. Especially for small payments.
Lightning sort of kicks the can down the road imo without solving much and makes things more complicated. It only gives the illusion of final settlement. Nothing really is until it is on chain. You can be rugged by LN channel hosts or peers. If you run your own active node you can rug yourself by not backing up your latest channel state. Tedious and difficult to use in any sovereign manner especially for casual users that's why over 95% use LN custodially defeating the whole point of Bitcoin's creation.
Bitcoin is getting more surveilled by the day. Goodluck with your majority KYC'd miners and non fungible panopticon.
Hardforking every month is quite the exaggeration.
Lightning and Liquid hardfork too. But you'll do a mental triple twisting backflip to make it okay for them to do. 🤸♀️🧠✅
The room for privacty error on Monero is drastically less than Bitcoin or Lightning. And is superior all things equal.
What are you exposed to? Short term price fluctuations that has the same volatility as Bitcoin?😂
Like you said yourself, don't keep large amounts. Virtually no difference. Every argument and caveat you have for using L2 you can apply to Monero you're just being irrational.
You can compare trade offs of anything you want. You're recommending a permissioned and inferior privacy solution just because the name Bitcoin is slapped on it.
Asking for permission is one the farthest thing from Bitcoin. Same as people recommending Wallet of Satoshi. You'll fall for anything as long as they call it Bitcoin.
You *know* he didn't?
How do you know if he is so anonymous and private? 🤔
This is a ridiculous argument. The overwhelming majority of users don't have the fortune of being around before chain analysis was a thing and dont have the OpSec Satoshi did. I'm sure if Satoshi didn't disappear and continued transacting they would've eventually been revealed with more advanced techniques or due to their own mistakes. Just like all the recent Silk Road admin Bitcoin busts.
Just because he can't find it doesn't mean others cannot.
Or that chain analyst companies and governments cannot. Or that you won't mess up in the future. Or that you wont be unjustly associated with activities or people you had nothing to do with in the future. Or that 99% of users don't operate like you.
I wonder why you "don't recommend keeping a lot of funds there". Could it be because Liquid/LN are different from Bitcoin? 🤔 You would think if they were the same thing you could keep your whole stack on them. Major differences.
Now you say "bro it's just trade offs" well then apply that same logic to Monero. Just trade offs. Don't keep a lot of funds on there. You don't have to jump thru mental gymnastics.
No it doesn't. Especially when hinging on that caveat "if used correctly" which most users won't.
https://voltage.cloud/blog/lightning-network-faq/lightning-network-privacy-explainer/
https://blog.keys.casa/lightning-privacy-101/
Monero is just another trade off, like lightning/liquid, which you have no problem using. Except, unlike both, it doesn't compromise most major value props of Bitcoin. "I don't recommend keeping a lot of funds there" - Ok, just apply this same advice to Monero. Done.