zforce on Nostr: They also have no way of knowing the true origin of the payment, or whether that ...
They also have no way of knowing the true origin of the payment, or whether that person owns multiple UTXOs which are unrelated.
I could pay someone Bitcoin from CashApp on chain, but they would be wrong to assume it’s from my wallet. Sure the footprint would be different, but ultimately they can only infer probabilities, not know for certain.
The worst thing for Bitcoin privacy is having everything one hop off of highly captured and regulated exchanges. If it wasn’t for the oppressive enforcement of strict KYC guidelines though, Bitcoin is already decently private, and in a lightning based circular economy would be sufficient for 99% of use cases.
I could pay someone Bitcoin from CashApp on chain, but they would be wrong to assume it’s from my wallet. Sure the footprint would be different, but ultimately they can only infer probabilities, not know for certain.
The worst thing for Bitcoin privacy is having everything one hop off of highly captured and regulated exchanges. If it wasn’t for the oppressive enforcement of strict KYC guidelines though, Bitcoin is already decently private, and in a lightning based circular economy would be sufficient for 99% of use cases.