After all these years of being lied to from Bitcoin experts selling their shitty "privacy" solution back to us, I am now more convinced than ever that there is not a single way to stay actually private in Bitcoin. Everything has been captured via layered services or cryptographic tricks. And definitely using utxo for each transaction doesn't do anything for privacy. It's all bullshit that can easily be correlated with other information that is already on the web and will be confirmed on chain as soon as the user starts spending those coins using any wallet out there. For us on Nostr, since the point of this network is to create a public trace of your information for free, including zaps and other money transfers, the idea what any pubkey-liked Bitcoin, lightning or Cashu usage can remain private is laughable.

Replies (2)

waxwing's avatar
waxwing 6 days ago
It's definitely a more correct position to take *by default* but by saying it's absolutely true that everything is traceable you're failing at the other extreme. And especially with Lightning. Even with onchain. The problem is not that everything's traceable, the problem is people thinking that some particular simple system fully defends you from that.