Oddbean new post about | logout
 Good question 🤔

I'm not sure

@SimplifiedPrivacy.com Podcast is this possible to do in a trustless way? 
 @sommerfeld @SaberhagenTheNameless

The first question is what Monero we’re talking about, because there’s huge changes coming down the pipeline, I even heard “full membership proofs” discussed and layer 2 possibility from a few different speakers on Monero Talk podcasts and Matrix rooms.

There’s a couple ways it could be made trustless, but our group is not doing them.

Way 1) The server is running a Node and sees the tx.
We’re not doing this because I’m not the only one running a server, this will have random people also running it that may or may not federate.  So then Chainalysis would run them too.  They’d see a 1 in 16 chance, but with full membership proofs it could be trustless.

Way 2) zkProofs
We’re not doing this because you’d need an engineer that exceeds what I’m willing to pay to entertain random fucks for free

Way 3) When they do layer 2 in a year, the guy running L2 can run this as the node in way 1.  Which won’t be me for legal reasons