Oddbean new post about login | logout New pilot program launched by the BIS, Eurosystem, De Nederlandsche Bank and Deutsche Bundesbank last week: Project Atlas. A kind of chainalysis to monitor Bitcoin payments. At the moment they exclude coinjoin because they don't know how to deal with it. Without privacy there is no freedom, privacy must be a priority in the development of bitcoin. https://www.bis.org/publ/othp76.pdf
Hal Finney, the first person to receive #Bitcoin from Satoshi, took 11 days to realize he wanted more anonymity. That's Why #Monero 😎 https://image.nostr.build/0237cb845c2b958697f09a2c2b0a6678f3e1a6eea5b2f0d95b1bd04126b676f0.jpg
If we use Monero as money, it breaks the 21M cap. We need drivechain. I’m hopeful about BitVM, but not sure about it yet.
the security model proposed by BitVM relies on certain assumptions about the fee market and the value locked in smart contracts, which may not hold true in practice. The feasibility of the proposal depends on various factors such as the volatility of the cryptocurrency market, the level of adoption and usage of the platform, and the ability to maintain a stable and secure network. If these assumptions do not materialize, the security model may fail to provide adequate protection for users
Then don't save with Monero if inflation less than gold worries you. Just use it like cash. A fungible, private, and cheap medium of exchange.
Kinda funny that they just exclude coinjoined funds. If they were to treat conjoined UTXOs as invalid, they probably would do the same for atomic swap with Monero UTXOs. Though.. maybe those swaps are less obvious?
How do they determine whether something is a CoinJoin or not? They don't exclude all transactions with multiple inputs and multiple outputs, or do they? https://jamdocs.org/privacy/01-fundamentals/
