yodatravels on Nostr: Ok, so here's a #privacy question: Imagine you're buying #BTC KYCed over an exchange ...
Ok, so here's a #privacy question:
Imagine you're buying #BTC KYCed over an exchange supporting LN. Is there any chance for them to know where the funds went when you deposit it to your own #lightning node and loop out (let's say after a random amount of blocks via several randomly sized transactions) to your cold wallet? My understanding says no because of the onion-routing style transactions but I want more opinions on this.
Would sending part (or all) of the amount further to a second #LN node and looping out from there (either partly or fully) increase your privacy or is that negligible?
Is the trace sufficiently lost after exchange -> node1 -> loop out or can you increase it after another transaction as in exchange -> node1 -> node2 -> loop out.
#plebchain #noobstr #KYC
Imagine you're buying #BTC KYCed over an exchange supporting LN. Is there any chance for them to know where the funds went when you deposit it to your own #lightning node and loop out (let's say after a random amount of blocks via several randomly sized transactions) to your cold wallet? My understanding says no because of the onion-routing style transactions but I want more opinions on this.
Would sending part (or all) of the amount further to a second #LN node and looping out from there (either partly or fully) increase your privacy or is that negligible?
Is the trace sufficiently lost after exchange -> node1 -> loop out or can you increase it after another transaction as in exchange -> node1 -> node2 -> loop out.
#plebchain #noobstr #KYC