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Bitcoin is already, by far, the best privacy coin. What is left now is to teach the history of how we got here - recognizing pioneers like Wasabi and Samurai - and learn from it. Even more importantly - spread the knowledge on how to use the right tools: eCash, Boltz swaps, RoboSats, solid wallets like AquaBitcoin & BullBitcoin, and merchant platforms such as @BTCPay Server. It's critical that most Bitcoin stays no-KYC. Anything less than a supermajority pushes us toward a dystopian future - one already previewed in Sweden, where anyone can legally look up your home address and Bitcoin holdings in a public, government-mandated registry. I don't think anyone sane wants to live in the chaos of that type of world. See you today at Lugano PlanB P2P Stage, 3 PM where I'll be talking with SethForPrivacy, @Giacomo Zucco, @Max and @ODELL about one of my favorite topics. No privacy, no freedom βœŠπŸ—½ image

Replies (55)

Mr. Rockstar, I respect you as a developer, I think you are very talented, and make a good software, however I humbly disagree with you on this. The barrier of entry for privacy are completely different, yes you can use Bitcoin "privately" but the setup to do so usually requires a notable amount of resources, and knowledge to do so, and you have to do it perfectly without flaw everytime. I agree that there are many great tools which enhance user privacy but using each successfully in conjunction is difficult. I think for the vast majority of common people without technical knowledge, and wealth, Monero would be a better alternative as it offers good, if not better privacy for a fraction of the cost when compared to Bitcoin privacy.
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↩ replying to Jordan S
convenience always comes at a cost, as i know you understand. one suggestion for the 'cost' of monero's privacy conxenience is gresham's law in reverse. yea you can hold the hardest money that will displace all others and swap to monero for private transactions (i personally think this is rather great and wallets like StackDuo are nice), but now you're starting to move away from the simple '1step' sidewalk meme you posted - stepping away from convenience... and once you're doing that you might as well consider cashu and see where that nets out in the tradeoffs between privacy/custody/money-hardness. the disclaimer here is that i am a fan of monero. but the tradeoffs are not as simple as you claim.
↩ replying to vinney...axkl
Right now for the next 16 years, Monero could be considered the harder money, as the monero rewards granted for mining are now gone. It has a supply of 18.4 million, and is only CPU minable which theoretically is a more difficult task since the hardware isn't specialized for mining. Tail emissions offset lost coins, and incentivize miners to maintain the network. Personally, I see utility over theoretical value. And swapping usually tends to be the vulnerability in opsec. For me obviously, I wouldn't be buying anything that requires good opsec but I'd prefer to maintain transaction privacy as a given principle rather than as an assumed luxury.
↩ replying to ChanceOfDizzySpells
To use E-Cash Privately, you would first have to accomplish the first two layers privately, and self-hosted. Acquire KYC-Free Bitcoin, use silent payments, coinjoins, and payjoins, self-host, open, and manage your own lightning channels, then open a e-bank, etc. πŸ™ƒ. Additionally, you'd have to swap back, and forth between various softwares since there isn't a software that I'm aware of that offers full privacy tools for all 3 layers. Cake Wallet, Zeus, and Peanut Wallets (Cashu wallets) are the closet tools that I'm aware of that do a fraction of each layer but I'm not aware of a self-hosted method that does all three in one app.
↩ replying to LightningBuck
a. nothing changed on bitcoin, and if it still doesn't have privacy by default is it a "what" coin? b. fake marketing is not the same as a "no difference", if bitcoin was a privacy coin the name privacy coin wouldn't exist and all of them would be, selling a privacy coin as a privacy coin would be like selling water but with the taste of water, but then you can fake market other things like scale, speed, etc
↩ replying to LightningBuck
I wouldn't say so, litecoin markets itself as "the silver to bitcoin's gold" for being lighter cheaper faster etc, it did add a "privacy layer" called mweb but it works better for scaling than privacy, there is still a tx graph that can be observed and archived, etc, but that aside it's still in all major exchanges and hasn't been targeted for its "privacy capabilites" cause it's not that good, kinda like bitcoin's LN, it is a "privacy layer" but also doesn't make it a privacy coin
↩ replying to BTCGVA
I would suggest you try BULL wallet. When purchasing off an exchange of your choice, withdraw via Lightning to your Instant Payments wallet in BULL, which will automatically swap your LN bitcoin to Liquid bitcoin (perks of Liquid is that transaction amounts are confidential) and then swap back to on-chain. You can even connect your wallet to BULL wallet, and set automatick swaps from Liquid directly to your cold-storage when your threshold is reached i.e. 1M or 5M sats, it's up to you. Also Bull Bitcoin wallet should be available in Switerzalnd soon, so youll be able to buy Bitcoin directly via Liquid, followed by auto swap to cold stage.
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UNCLE ROCKSTAR's avatar UNCLE ROCKSTAR
Bitcoin is already, by far, the best privacy coin. What is left now is to teach the history of how we got here - recognizing pioneers like Wasabi and Samurai - and learn from it. Even more importantly - spread the knowledge on how to use the right tools: eCash, Boltz swaps, RoboSats, solid wallets like AquaBitcoin & BullBitcoin, and merchant platforms such as @BTCPay Server. It's critical that most Bitcoin stays no-KYC. Anything less than a supermajority pushes us toward a dystopian future - one already previewed in Sweden, where anyone can legally look up your home address and Bitcoin holdings in a public, government-mandated registry. I don't think anyone sane wants to live in the chaos of that type of world. See you today at Lugano PlanB P2P Stage, 3 PM where I'll be talking with SethForPrivacy, @Giacomo Zucco, @Max and @ODELL about one of my favorite topics. No privacy, no freedom βœŠπŸ—½ image
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