Some people think I am btc maxi. I am not a maxi yet.
When btc can be as private as cash via end-2-end encrypted transactions then I will be a maxi.
I support bitcoin the most because it’s the most decentralised, verifiable the blockchain, 21 million cap and it’s proof of work algorithm is a mind blowing genius solution.
But having your friends, family, employers or bad actors being able to see your entire financial history when they get access to your public address using chainanalysis software is very concerning to me.
I am big fan of any potential BIPs that could allow for end2end encrypted btc like BIP-300 drivechains or some kind of soft fork that would allow for Zero Knowledge or Validity roll ups on bitcoin.
Resource links for those interested to learn more:
https://layertwolabs.com/
https://bitcoinrollups.org/
If bitcoin never achieves true privacy then maybe there is reason for me to look into privacy coins just incase because I really don’t trust the state knowing my entire my financial history.
I’m no computer science expert so maybe it’s possible to have complete privacy with lightning but atm it seems like wishful thinking. Love to be educated or proven wrong.
Regardless always be thankful for bitcoin which has taken me where I am today.
Sovereign Matt
npub1fl…zeknp
2023-07-21 04:33:04
Author Public Key
npub1fl7pr0azlpgk469u034lsgn46dvwguz9g339p03dpetp9cs5pq5qxzeknpPublished at
2023-07-21 04:33:04Event JSON
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"content": "Some people think I am btc maxi. I am not a maxi yet.\n\nWhen btc can be as private as cash via end-2-end encrypted transactions then I will be a maxi.\n\nI support bitcoin the most because it’s the most decentralised, verifiable the blockchain, 21 million cap and it’s proof of work algorithm is a mind blowing genius solution.\n\nBut having your friends, family, employers or bad actors being able to see your entire financial history when they get access to your public address using chainanalysis software is very concerning to me.\n\nI am big fan of any potential BIPs that could allow for end2end encrypted btc like BIP-300 drivechains or some kind of soft fork that would allow for Zero Knowledge or Validity roll ups on bitcoin.\n\nResource links for those interested to learn more:\n\nhttps://layertwolabs.com/\n\nhttps://bitcoinrollups.org/\n\nIf bitcoin never achieves true privacy then maybe there is reason for me to look into privacy coins just incase because I really don’t trust the state knowing my entire my financial history. \n\nI’m no computer science expert so maybe it’s possible to have complete privacy with lightning but atm it seems like wishful thinking. Love to be educated or proven wrong. \n\nRegardless always be thankful for bitcoin which has taken me where I am today.",
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