hope springs eternal i see

not hope, pretty basic reasoning

Looking forward to proof of reserves for companies and private proof of UTXO ownership for people. @npub1vadc...nuu7 was discussing the latter, Iirc

banks (and wannabe banks) voluntarily surrendering the ability to *print money* only happens when we're working with an incomplete model but we'll see ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

i do not think most realize bitcoin will replace the dollar finance bros are just greedy and want to make money

seems likely that there are big players with a macro view who will figure it out and lock it down and the vast majority of the Bitcoin community also are greedy and want to make money whether there's enough backbone left to make something of #Bitcoin after the behemoth wakes up remains to be seen revolution requires sacrifice. not at all confident Bitcoiners understand that or are willing to do it.

Totally agree. Show us what you really have

aut-ct already works as a tool, and can do this. I just need some people to pay attention to it, as well as audit it. But I'm not particularly optimistic about that. With most such tools it's often better to just "launch" something as people's usage will attract the necessary attention. For a "this proves I own bitcoin in this range across N utxos" tool, as exists in aut-ct, the natural user is some medium size bitcoin business that wants to prove utxos with privacy, a much smaller group, more conservative in its actions (and indeed, I can't even recommend using it without some audit, anyway).

> not at all confident Bitcoiners understand that or are willing to do it most bitcoiners are not and that is fine, the strong ride or die base is what matters

the question is "is it enough"? like I said hope springs eternal.

Neat! Thank you. Will discuss at the next bitdevs

Another thing to keep in mind is that it *requires* using taproot, and (imo) that will continue to be under-adopted until it's in wide adoption on Lightning. You can still get very large anon sets within taproot today, but for a typical user, having to switch infrastructure to taproot may (or may not) be a pain. It's quite striking that while Binance uses sophisticated ZK techniques for the liabilities, for the assets they literally just publish all their addresses in a spreadsheet!

I assume TR is required because of Schnorr?

If mempool.space adds a feature to prove you own a UTXO using aut-ct, it could gain some traction.

Coinbase always has been evil