HanShan on Nostr: LN is not a privacy layer. https://i.nostr.build/nsxZV9tnw5NnfNoi.jpg ...

LN is not a privacy layer.

quoting nevent1q…x35r

Step 1. Install WasabiWallet (nprofile…mjyh), send some bitcoin to the wallet, and coinjoin three 1M+ sats UXTOs.

Step 2. Install ZEUS (nprofile…5fk2), and send those UXTOs to this wallet with Taproot address.

Step 3. Open three 1M+ un-announced(private) LN channels with each one of the UXTOs, with Simple Taproot enabled.

Step 4. When paying in LN, use MPP (payment is split into parts / uses multiple channels).

Step 5. When receiving in LN, use LSP wrapped invoices or Blinded paths.

You could also use multiple custodial non-KYC wallets like coinoswallet (nprofile…0pev) as decoys, or for quick swaps, or to manage liquidity of your node channels.

This whole process takes 5 minutes to setup. No one needs a shitcoin.