Unpopular opinion: Bitcoin mixers and the Lightning network are bullshits of bullshitters.

@arashi Made my own research. Wasn't too hard but I understand if people have no time to do it.

@arashi The exact reason is these are just bullshits. You send 0.56 BTC into a mixer, in an other wallet it appers and you say it's not traceable? You send 0.56 BTC into a shittier mixer and it sends back to your own wallet the same amount with different utxos and you think it's untraceable? Wtf. Also. Why do Bitcoin need Lightning? Bitcoin don't need it. Bitcoin need the devteam who want to make it work and not a layer2 bullshit. It's not for that just a vulnearibility. But it's pretty complex.

@ChYJtNvw I only have experience with Wasabi - it produces indistinguishable UTXOs for round participants in groups of about 100, you can also do multiple rounds to increase anonymity sets. It also uses chaumian algo over Tor which makes participants anonymous even to the coordinator. I'm still not clear on what your exact issue has been, but maybe it's isolated to the particular software you've been using?

@ChYJtNvw lightning is needed because the real benefits to hyperliquid markets will come when we hit millions of transactions per second - which is physically impossible to handle on broadcast networks (especially Blockchain-based ones).

@arashi Yeah. True. On Raspberries is impossible to do so... Did you hear about that it'd last 72 years to put every Bitcoin to Lightning? Lightning needed for exchanges not as a payment system. It's not Bitcoin that's clear? Did you hear about Monero's dynamic block size?

Follow

@ChYJtNvw it's not just about block size, at 1 million TPS my Ryzen 9 5950x with 1 Gbps downlink wouldn't have a chance at keeping up with the network, let alone initial sync. Not to mention world-scale micropayments would inevitably result in a UTXO set of trillions, which is absolutely batshit crazy in a decentralized system.

Sign in to participate in the conversation
Bitcoin Mastodon

Bitcoin Maston Instance