Ah you buy just the right amount of monero at an exchange (plus a bit for fees) and send that to the person you are paying? Could also keep a balance in a stablecoin and swap what you need to monero then.
**#CakeWallet the only mature wallet out there that I know of that is doing anything rn to further the privacy of Bitcoin transactions with full send, receive, and privacy preserving scanning support for Silent Payments**
**Silent Payments**
Silent Payments (BIP-352) is a protocol for static payment addresses in Bitcoin without on-chain linkability of payments or a need for on-chain notifications.
This protocol protects the receivers privacy by automatically having the sender generate a new Taproot address on chain only the receiver can know is theirs and spend from everytime a transaction is sent to their Silent Payments address.
For a more detailed explanation on how Silent Payments works, please visit https://silentpayments.xyz/
One major difference of Silent Payments is in order to fully protect the privacy of the user and not have the server know which Silent Payments transactions belong to them, we opt for on-device scanning of transactions instead of having a light wallet and making the node do all the work for us. This incurrs greater synchronization time, device power consumption and hardware utilization, but protects the privacy of the user much more.
Silent Payment addresses start with ```sp1```
**Scanning**
In order to enable Silent Payments, tap the switch on the “Silent Payments” card to start scanning blocks for Silent Payments.

The wallet will start scanning from the height of when you first opened it after installing 4.18.0 or higher, or continue where it left off. Silent Payments scanning will automnatically turn off once it has reached the current blockheight. If you would like it to automatically scan for Silent Payment transactions on new blocks, please toggle an option under Menu -> Silent Payments settings -> “Set Silent Payments always scanning” to on. Silent Payments scanning will automatically toggle on if there are new blocks to scan and toggle back off when it’s finished.


**Receiving**
In order to receive a Silent Payment, you must give the sender your Silent Payments address, which can be found by switching the address type to Silent Payments following the instructions at the beginning of this page. When you want to receive the transaction in the wallet, you must enable Silent Payments scanning.
**Sending**
You can send Bitcoin to an existing Silent Payments address (```sp1xxx```) using the same flow. No extra work is required to send to a Silent Payments address, the wallet will handle the unique address generation in the background before sending your transaction.
Learn more here:
https://guides.cakewallet.com/docs/cryptos/bitcoin/#silent-payments
Are silent payments supported on your desktop wallet?
Either merge mining with bitcoin or switch to RandomX merge mining with monero.
Benefit would be wide distribution and branding/network effect.
Realistically the price would be quite low.
Monero price reflects the demand for private payments, bitcoin price reflects demand for 21M/infinity. If that turns out to be a gigantic bubble remains to be seen.
Devil's advocate: what if we do a hardfork of bitcoin that is private. Every holder gets an equivalent amount of private bitcoin and yes, the institutions dump and crash the price but we have instant wide distribution of a privacy coin. Where does my proposal fail?
You can't update the protocol at that point because the economic nodes will never support that fork.
You mean like doing a swap from bitcoin to monero and having that monero being send to the person you are paying? Doesn't that count as a sale and trigger cap gains?
Pretty good privacy flow that covers *most* average Bitcoin use cases 👇
BUY 🤖 - For use when you want to obtain sats that are not tied to your personal identity #noKYConly
➡️ Robosats Trade > Use proxy invoice when withdrawing to own your node > Accumulate/spend from own node.
SPEND 🪙 - For use when you want to use Bitcoin as money
➡️ Not too much to say here, LN has good base level sender privacy when using your own node.
STORE 🧊 - For use when your node balance gets close to channel capacity, or to a value that you want to move to cold storage
➡️ Carry out atomic swap on something like https://boltz.exchange (use the .onion address) to go from your Lightning channel balance, straight to an address controlled by your hardware wallet. Boltz has a 0.5% service fee, plus you'll of course need to pay miner fees, which are negligible at the time of writing.
NOTES 📔
🟧 Your purchase sizes are limited by your inbound liquidity. Plan ahead!
🟧 If you don't want to or can't run a node, swap out that step for a nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 Olympus channel with a lightweight node on your phone. I recommend Zeus because spends from there are more private than in Phoenix due to client side path finding
🟧 When using the proxy invoice feature in Robosats, you may need to adjust routing fee and proxy provider allowances slightly
Happy to take questions or comments. Put down the CashApp and give it a go anon, I dare you!
Does Phoenix use wrapped invoices like Zeus or can your counterparty see your pubkey / utxo in the channel?
They do? Like which wallets I have never heard of this