SaberhagenTheNameless on Nostr: >"You can watch a stealth address to see when it shows up as a possible spender in a ...
>"You can watch a stealth address to see when it shows up as a possible spender in a future transaction"
That's why it's called a "one-time" stealth address. It only ever appears on the blockchain once. Receiver privacy is zero knowledge. I think you're accidentally conflating this with the sender privacy of ring signatures.
>"Using monero in a "plug and play" manner gets people arrested. For example, Chainalysis was able to successfully trace a monero payment to the right user in part because they had access to so many user IP addresses"
I'm saying in relation to Lightning it has better "plug-and-play" privacy than the average Lightning user who is using a custodian like Wallet of Satoshi who can see everything in addition to seeing your IP address. I'm not saying Monero is perfect there are definitely edge cases where your privacy can be reduced.
>"To use monero properly, you have to run a tor service and your own monero node"
What is unique about this to Monero? Same thing applies to a Bitcoin and Lightning nodes. The only difference is if a Monero user is using someone elses remote node that node has way less information about transactions than a Bitcoin node or LSP/LN custodian.
>"And besides that, some custodians (like ecash mints) offer better privacy than monero"
Being custodial already disqualifies it from the same category as Monero which offers non-custodial privacy. Even the creator of Cashu has basically said this. But besides that, I don't think the claim that it offers more privacy than Monero is true or at least more nuanced. Mints can see token denominations (amounts) so the anonymity set is fractured in buckets within each mint (1,2,4,8,16,32, etc). This means less common denominations such as larger amounts offer less privacy. Amounts in Monero are completely hidden. Additionally Ecash anonymity set is only as large as the amount of users of any individual mint. It's not shared between all mints.
>"Moreover, what are the stats on custodians in monero? The XMR blockchain indicates that a lot of the payments in monero are batch (multi-output) payments, which are usually done by exchanges and probably DNMs."
Considering the attitude of the community and that Monero is banned from almost all major exchanges I would say custodial Monero users are far fewer.
All popular Monero wallets are non-custodial as well. In fact I'm not sure I've ever seen or heard of a custodial Monero wallet, but I'm sure they exist in some small corner.
Some of those batch (multi-output) payments could also be from P2pool which is non-custodial decentralized pool mining, but I would have to look more into it.
>"There are no good statistics on whether the majority of LN users use a custodian or not."
-There is Zapalytics. Custodial wallets for Lightning zaps and addresses are near ~80%. It also doesn't account for LSPs like Phoenix which also reduce privacy.
-You can check out all major LN liquidity providers mempool space (mostly custodial wallets, CEXs, LSPs)
-Compare total downloads from custodial LN wallets, LSP wallets like Phoenix, and wallets that require or allow you to run your own LN node
All these metrics converge on the same picture. Lightning is mostly custodial with no privacy or reduced privacy
Far from the ideal picture you're trying to paint about Lightning.
https://zapalytics.com/
https://mempool.space/lightning/nodes/rankings/liquidity
That's why it's called a "one-time" stealth address. It only ever appears on the blockchain once. Receiver privacy is zero knowledge. I think you're accidentally conflating this with the sender privacy of ring signatures.
>"Using monero in a "plug and play" manner gets people arrested. For example, Chainalysis was able to successfully trace a monero payment to the right user in part because they had access to so many user IP addresses"
I'm saying in relation to Lightning it has better "plug-and-play" privacy than the average Lightning user who is using a custodian like Wallet of Satoshi who can see everything in addition to seeing your IP address. I'm not saying Monero is perfect there are definitely edge cases where your privacy can be reduced.
>"To use monero properly, you have to run a tor service and your own monero node"
What is unique about this to Monero? Same thing applies to a Bitcoin and Lightning nodes. The only difference is if a Monero user is using someone elses remote node that node has way less information about transactions than a Bitcoin node or LSP/LN custodian.
>"And besides that, some custodians (like ecash mints) offer better privacy than monero"
Being custodial already disqualifies it from the same category as Monero which offers non-custodial privacy. Even the creator of Cashu has basically said this. But besides that, I don't think the claim that it offers more privacy than Monero is true or at least more nuanced. Mints can see token denominations (amounts) so the anonymity set is fractured in buckets within each mint (1,2,4,8,16,32, etc). This means less common denominations such as larger amounts offer less privacy. Amounts in Monero are completely hidden. Additionally Ecash anonymity set is only as large as the amount of users of any individual mint. It's not shared between all mints.
>"Moreover, what are the stats on custodians in monero? The XMR blockchain indicates that a lot of the payments in monero are batch (multi-output) payments, which are usually done by exchanges and probably DNMs."
Considering the attitude of the community and that Monero is banned from almost all major exchanges I would say custodial Monero users are far fewer.
All popular Monero wallets are non-custodial as well. In fact I'm not sure I've ever seen or heard of a custodial Monero wallet, but I'm sure they exist in some small corner.
Some of those batch (multi-output) payments could also be from P2pool which is non-custodial decentralized pool mining, but I would have to look more into it.
>"There are no good statistics on whether the majority of LN users use a custodian or not."
-There is Zapalytics. Custodial wallets for Lightning zaps and addresses are near ~80%. It also doesn't account for LSPs like Phoenix which also reduce privacy.
-You can check out all major LN liquidity providers mempool space (mostly custodial wallets, CEXs, LSPs)
-Compare total downloads from custodial LN wallets, LSP wallets like Phoenix, and wallets that require or allow you to run your own LN node
All these metrics converge on the same picture. Lightning is mostly custodial with no privacy or reduced privacy
Far from the ideal picture you're trying to paint about Lightning.
https://zapalytics.com/
https://mempool.space/lightning/nodes/rankings/liquidity