btconboard #LNHANCE or #CTV on Nostr: GM! We have to keep left curve audit-ability alive in #Bitcoim or we've effectively ...
GM! We have to keep left curve audit-ability alive in #Bitcoim or we've effectively lost the 21M cap.
If any open source system adopts such advanced cryptography that only a few people can understand it, then you have almost ceased to have any gains from being open source.
There has to be a critical mass of people who can actually understand the code to be able to inspect it. If that number is 10 cryptographers on the whole planet, the likelihood of catching bugs or being captured skyrockets. We can get a lot of incremental privacy from wallets supporting things like silent payments and pay joins. Trying to push ZK crap into the base layer is a mistake, at least for the foreseeable future.
If any open source system adopts such advanced cryptography that only a few people can understand it, then you have almost ceased to have any gains from being open source.
There has to be a critical mass of people who can actually understand the code to be able to inspect it. If that number is 10 cryptographers on the whole planet, the likelihood of catching bugs or being captured skyrockets. We can get a lot of incremental privacy from wallets supporting things like silent payments and pay joins. Trying to push ZK crap into the base layer is a mistake, at least for the foreseeable future.