Oddbean new post about login | logout what do you think ab atomic swap w boltzexch from lightning to lbtc and pegging out back versus monero swap as a tool to help for forward facing privacy?
Swapping #Bitcoin to #Lightning is fine. Swapping #Lightning to #Liquid is fine. Swapping #Bitcoin to #Monero is fine. Using Whirlpools is fine. The point i was trying to make is: Monero is not the only option for transacting privately, unlike many Monero-fanboys seem to think.
yes amazing tnx is there perhaps a comparison table yet comparing the options per possible usecase? that doesnt go too extremely deep in the tech.. for ppl like me?
lightning vs liquid vs chaumian vs fedi vs monero it's a lot i guess, gonna be mega
I would say the only strong default privacy on this list is chaumian ecash (like fedi) and Monero. If you don't care about the custodial aspects and the fact that mints can arbitrarily print unbacked tokens, then ecash is great transactional privacy. Not really adopted anywhere yet though.
Whirlpool is obfuscation, nothing is hidden. All amounts and connections are visible. Need to run your own dojo or you give away your xpubs. Weak to Sybil attacks. Requires centralized coordinator. Expensive, slow, and tedious. Lightning we can already rule out the way 95% of users use it with custodial or LSP wallets that have full insight. For the few sovereign users left: receiver privacy sucks, amounts can be probed, IP exposed by default, onchain footprint data leaks. And unless you're only going to send and receive from the other 5 unannounced nodes that exist, you route thru centralized nodes that reduce any help from onion routing. Liquid is traceable. Only hides amounts. Custodial.
It takes a large amount of effort to try to get any kind of privacy with BTC. Monero is so easy to use, the most private by default (a person with the lowest IQ is secure with monero), monero has dynamic block sizing therefore moving it costs pennies, monero is used everyday. BTC is for cold storage like expensive paintings. Monero is real money.