Big Barry Bitcoin on Nostr: 1. They can correlate tokens and what they pay for, but not you. It's like tying ...
1. They can correlate tokens and what they pay for, but not you. It's like tying payments to bank notes and not the bank account it came from. They have no idea when you got the token you are using to spend, who you are, or even how you got it.
2. Backups are smart. You get 12 words and from that we can deterministically derive a bunch of token ids but these ids are effectively random to anyone else but you who has the key to understand it is a pattern. My point is that they don't know which backups are for you or for someone else so it doesn't tie your identity or your wallet together. This one I need to read a bit more into to be 100% sure.
3. Ecash mints have to support lightning otherwise they're not really ecash mints (well I'm thinking cashu specifically). If you want any privacy, you can't just expect someone else to do everything for you. There is state, but it's not that much, I have had to restore a minibits wallet and although the UX could be better, it didn't require much from me other than 12 words.
4. It is not far from anonymous. It is actually almost perfect privacy TM.
2. Backups are smart. You get 12 words and from that we can deterministically derive a bunch of token ids but these ids are effectively random to anyone else but you who has the key to understand it is a pattern. My point is that they don't know which backups are for you or for someone else so it doesn't tie your identity or your wallet together. This one I need to read a bit more into to be 100% sure.
3. Ecash mints have to support lightning otherwise they're not really ecash mints (well I'm thinking cashu specifically). If you want any privacy, you can't just expect someone else to do everything for you. There is state, but it's not that much, I have had to restore a minibits wallet and although the UX could be better, it didn't require much from me other than 12 words.
4. It is not far from anonymous. It is actually almost perfect privacy TM.