SaberhagenTheNameless on Nostr: Why do you always fail to mention that most people aren't using Lightning that way ...
Why do you always fail to mention that most people aren't using Lightning that way thanks to it's horrid UX?
90% are using custodians/LSPs that can see everything they do. And potentially rogue employees, hackers, and governments. Data leaks for centralized databases happen constantly I'm sure you know this.
Also, yes please watch the video:
"I'm going to explain why I think Monero is super cool. It really is the frontline of the arms race between cryptographers and investigators like us...Monero has an incredible developer team they are always looking for weaknesses in their privacy protocols, and so they're really proactive in making their protocol the most secure and private that it can be. So theres just really interesting things happning here cryptographically and so that means we also have to do interesting things to *try* and track it."
"I'm not feeling super confident about this"
"It appears"
"We believe"
"If you are a privacy advocate, then Monero is really objectively better than Bitcoin"
"At a certain, randomly selected point, a node will choose to start spreading a tx all around in the network. So if you are receiving it at that later stage, you have no idea whether that IP address you're receiving it from is the same IP address that it came from and in fact, it is very likely that it is not. The initiator's IP address is essentially invisible to you. [...] A lot of how we do our monero tracing involves IP observation of services. [...] Dandelion has made that impossible."
They basically only managed to trace this person because of the combination of connecting to a chainalaysis node to broadcast their transactions, coordinated with exchanges, and didn't hide their IP address.
Who would've thought one could be so careless and have this happen to them? It's a real head scratcher 🤔🤷♂️
90% are using custodians/LSPs that can see everything they do. And potentially rogue employees, hackers, and governments. Data leaks for centralized databases happen constantly I'm sure you know this.
Also, yes please watch the video:
"I'm going to explain why I think Monero is super cool. It really is the frontline of the arms race between cryptographers and investigators like us...Monero has an incredible developer team they are always looking for weaknesses in their privacy protocols, and so they're really proactive in making their protocol the most secure and private that it can be. So theres just really interesting things happning here cryptographically and so that means we also have to do interesting things to *try* and track it."
"I'm not feeling super confident about this"
"It appears"
"We believe"
"If you are a privacy advocate, then Monero is really objectively better than Bitcoin"
"At a certain, randomly selected point, a node will choose to start spreading a tx all around in the network. So if you are receiving it at that later stage, you have no idea whether that IP address you're receiving it from is the same IP address that it came from and in fact, it is very likely that it is not. The initiator's IP address is essentially invisible to you. [...] A lot of how we do our monero tracing involves IP observation of services. [...] Dandelion has made that impossible."
They basically only managed to trace this person because of the combination of connecting to a chainalaysis node to broadcast their transactions, coordinated with exchanges, and didn't hide their IP address.
Who would've thought one could be so careless and have this happen to them? It's a real head scratcher 🤔🤷♂️