Oddbean new post about login | logout Funny stuff the new silent payments in #Bitcoin core got a taproot design very similar to Monero.
Wanna know more about this
Here friend: nostr:nevent1qqs9kndzvdk7kej38g5q2gmgzeh0ddf4y9v0yhs4mvkcwspcrt4l36gpzamhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuegzyqjwxlq7tvxgh2xauf65hnluvw6m9x0cqe8clwfghne3twwyje0nkqcyqqqqqqg5xfv62
The primary difference between LN and Monero for privacy as a regular user is that the recipient node is always public on LN. Both sender and receiver are anonymous on Monero. So are all wallets and balances. The only thing the blockchain ever shows is "anon sent an unknown amount of money to another anon." There's a lot of complex details regarding the design of the underlying cryptography as well, such as rings and decoy transactions. This makes unmasking transactions much more difficult because you don't even know what to target. The @Seth For Privacy link on Monero that's already been posted further down is a great resource to learn more.
nostr:nevent1qqsxnrzz8p7gyc9tlz6dvdpshyznuqurkdrq6m4ka67rptw7mhplh3cpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qaxg97ls93lg59ndehhwyf5a3kyf6kgpk692tgzzxdvzhdccmlhusxpqqqqqqztkc48r
There is also a lot of UX issues and complexity involved in using LN privately and sovereignly that Monero (or even Bitcoin), don't have. Just a few: -need capacity to use -can't send larger amounts -can't send to a static address -can't use offline -can be rugged if offline -can ultimately be force closed back on chain against your will I suspect, along with all the privacy holes, these are major reasons DNMs don't use LN and still wouldn't even if it's privacy was on par with Monero. Just too many inconveniences and pitfalls. A headache.
Oh sorry my bad I didn't see that you responded to the comment specifically about blind spending in Bitcoin Core. *downs some coffee* 😂
An actually relevant link: this BIP natively allows encrypted P2P data transfer on the Bitcoin blockchain. I don't see any silent spending feature in Bitcoin Core itself, but I see a lot of positive building blocks. Taproot could possibly be used to add signature rings to Bitcoin transactions since it is very scriptable, but this would be complex and require special support in wallets. If there's something I missed here, I'd be happy to see it. https://github.com/bitcoin/bips/blob/master/bip-0324.mediawiki
Ohhh more progress than I assumed 👀 https://bitcoincore.reviews/28122
Let me actually be helpful now 😅 nostr:nevent1qqsql2x7drmn3g6vzq9e5qqenjq7mgu5hpcf9lufdhfe6lhcaczgmcspz9mhxue69uhkummnw3ezumr49e4k2q3q7rlc0emedw5xljztfqrmykjaacsx6ujvdas64zznjadrnhhwlavqxpqqqqqqzfguvl8