Today we continue to debunk myths about Lightning.
Many ignorant people appeal to the voltage documents, the attack by polling for the sender is mitigated using MMP and AMP, enabled by default in Zeus.
Even with Zeus we can mitigate the lack of privacy for the receiver through the LSP by using Invoice wrapping which hides the public keys of the receiving node.
The reality is that Chainalysis offers lightning service and they can't know anything we don't know. They can only know the node information generated through the invoices and correlate the payer information with KYC. But they still can't know which node the payer funds are coming from.
BOLT12 will substantially improve the recipient's privacy through blind routing.
The most obvious proof that chainanalysis can't do anything is that you can clean bitcoins from theft or coinjoins with Lightning and put it into an exchange.
It's all about understanding things and being able to use them to your advantage, everything has its use case.
Use cases:
- I have bitcoins coming from Coinjoins and I want to put them into an exchange without getting banned - Lightning.
- I want to send bitcoins privately so they don't know how many bitcoins I have (exchange) or can track me - Lightning
- I want to clean the trace of some bitcoins I received - Coinjoin
- I want to receive bitcoins anonymously - swaps
https://m.primal.net/KyyL.png
Isn't CoinJoin not active since Samurai shut down? Also you can send btc via LN only to those parties that accept LN..correct?
Correct.
Although there are other ways to anonymize bitcoin if you need to.
Samourai Whirlpool is the coin join implementation superior to other but they do exist: there is Wasabi and Join Market. They’ve got their weaknesses.
Whirlpool is not dead. Let’s wait for the new clones od Samourai stack. It was open source. I am sure that privacy focused development will continue.
joinmarket is still reasonably active
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