Cyph3rp9nk on Nostr: Today we continue to debunk myths about Lightning. Many ignorant people appeal to the ...
Today we continue to debunk myths about Lightning.
Many ignorant people appeal to the voltage documents, the attack by polling for the sender is mitigated using MMP and AMP, enabled by default in Zeus.
Even with Zeus we can mitigate the lack of privacy for the receiver through the LSP by using Invoice wrapping which hides the public keys of the receiving node.
The reality is that Chainalysis offers lightning service and they can't know anything we don't know. They can only know the node information generated through the invoices and correlate the payer information with KYC. But they still can't know which node the payer funds are coming from.
BOLT12 will substantially improve the recipient's privacy through blind routing.
The most obvious proof that chainanalysis can't do anything is that you can clean bitcoins from theft or coinjoins with Lightning and put it into an exchange.
It's all about understanding things and being able to use them to your advantage, everything has its use case.
Use cases:
- I have bitcoins coming from Coinjoins and I want to put them into an exchange without getting banned - Lightning.
- I want to send bitcoins privately so they don't know how many bitcoins I have (exchange) or can track me - Lightning
- I want to clean the trace of some bitcoins I received - Coinjoin
- I want to receive bitcoins anonymously - swaps
Published at
2024-09-23 08:14:54Event JSON
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"pubkey": "fcf70a45cfa817eaa813b9ba8a375d713d3169f4a27f3dcac3d49112df67d37e",
"created_at": 1727079294,
"kind": 1,
"tags": [],
"content": "Today we continue to debunk myths about Lightning.\n\nMany ignorant people appeal to the voltage documents, the attack by polling for the sender is mitigated using MMP and AMP, enabled by default in Zeus.\n\nEven with Zeus we can mitigate the lack of privacy for the receiver through the LSP by using Invoice wrapping which hides the public keys of the receiving node.\n\nThe reality is that Chainalysis offers lightning service and they can't know anything we don't know. They can only know the node information generated through the invoices and correlate the payer information with KYC. But they still can't know which node the payer funds are coming from.\n\nBOLT12 will substantially improve the recipient's privacy through blind routing.\n\nThe most obvious proof that chainanalysis can't do anything is that you can clean bitcoins from theft or coinjoins with Lightning and put it into an exchange. \n\nIt's all about understanding things and being able to use them to your advantage, everything has its use case.\n\nUse cases: \n\n- I have bitcoins coming from Coinjoins and I want to put them into an exchange without getting banned - Lightning.\n- I want to send bitcoins privately so they don't know how many bitcoins I have (exchange) or can track me - Lightning\n- I want to clean the trace of some bitcoins I received - Coinjoin\n- I want to receive bitcoins anonymously - swaps\n\nhttps://m.primal.net/KyyL.png ",
"sig": "6d0227d4e068242bcace843a254cc4fe06ac42d8556ec4b0a2ea660bfbcab82d86abcea18b0bb2be62166ce980121688149ed5e20f1e134f651154dd6bfbacdf"
}
