Would you assume an exchange is tracking you? Or a government could use coercion to compel that?
What would be the trade offs between coinjoin and utilizing smaller utxos for privacy? I've been thinking about this a lot lately where I'm trying to figure out a perfect utxo size while still managing fees to some extent. All of this under the assumption that bitcoin's price will be in the range of $500k at some point in the not too distant future.
Does anyone know if Swan is having a similar issue? Strike has been good to me, but this is really annoying for quick buys.
If you don’t typically buy on strike I see this happening. If you are a consistent user it’s instant
I'm a consistent user. Still have this issue as of 2 weeks ago.
I've had a few deposits out for over a week. Not a fan. Cash has been out of my bank account for most that time, too.
Imagine if Nostr was around during the 2020 election and Covid hysteria...
A Minnesota legend.
It would be like building a ladder to Mars.
And this is an extreme example because obviously single satoshis don't belong to their own address. I didn't look up how many addresses actually hold a balance. It's probably about 100 million or so.
To put it in perspective, if every satoshi that could ever exist was in it's own address, there would only ever be 2.1^15 addresses. With 2^160 possible addresses, there's 7.9^28 times as many addresses as there are satoshis. Not too mention, even if it was feasible to do this, the amount of energy required would be astronomical and way out of the scope of human civilization as a whole let alone a rogue nation state.
The incentives are there so that if you have that much hash power, you'll just mine and benefit that way. Not try to steal others bitcoin.
I mean they could try, it's not a very viable project though.
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I didn't advocate for a ban.
Well, that and there is not enough block space for every to setup channels for their own private node in any reasonable time frame.