9 ms·

The vigilantes? They are literally trying to destroy privacy and fungibility on the network. Thank god for CoinJoins.

by Aerialoo 6y ago

nitrogen 6y ago
If that's even possible that is the network's fault.
- X6S1x6Okd1st 6y ago
  Depends on the goals and tradeoffs of the network
X6S1x6Okd1st 6y ago
vigilantes are people that go out and impose their version of justice on the world. Just because your vision of justice includes privacy & fungibility doesn't mean everyone's does.
- hatenberg 6y ago
  Vigilantes spawn in place of formal enforcement of justice. Given that Bitcoin is designed with that void in mind it was inevitable.
  - X6S1x6Okd1st 6y ago
    Or where they feel like their vision of justice is not being enforced.
treebornfrog 6y ago
Agreed. I'm not a fan of chainalysis. Monero ftw.
- prophesi 6y ago
  I think there's room to be both a fan of Chainalysis _and_ privacy coins. The former will hopefully expedite the general adoption of the latter.
  - sgp_ 6y ago
    Exactly, people freak out when companies look at public data on an open, permissionless network. What did you expect?
natcombs 6y ago
> destroy privacy and fungibility on the network Do people expect privacy from the bitcoin network?
- Pick-A-Hill2019 6y ago
  The 'Noobs' and low hanging fruit do. Fortunately the internet can be used to educate, guide and inform.
  - Aerialoo 6y ago
    I can assure you that's not true, a lot of good developers like Chris Belcher are actively working towards it and even receive grants. New BIPs also propose privacy improvements. Anyone can care about privacy. It's a pseudo-anonymous network, but it can be used anonymously.
boring_twenties 6y ago
CoinJoin isn't a serious solution. If you want privacy, you need Monero.
- jungans 6y ago
  Privacy is a continuum. CoinJoin offers a trade-off between privacy and convenience. It is good enough for some cases.
  - boring_twenties 6y ago
    Is it? From last week: https://medium.com/oxt-research/a-statement-on-two-discovered-vulnerabilities-in-wasabi-wallet-6e11e29a6ea8 https://medium.com/oxt-research/a-statement-on-two-discovere...
  - sgp_ 6y ago
    Is having your coins flagged by an exchange for using privacy features convenient?
    - Aerialoo 6y ago
      CoinJoins exist exactly to fix the problem of fungibility.

The vigilantes? They are literally trying to destroy privacy and fungibility on the network. Thank god for CoinJoins.

nitrogen 6y ago

If that's even possible that is the network's fault.

X6S1x6Okd1st 6y ago
Depends on the goals and tradeoffs of the network

X6S1x6Okd1st 6y ago

vigilantes are people that go out and impose their version of justice on the world. Just because your vision of justice includes privacy & fungibility doesn't mean everyone's does.

hatenberg 6y ago
Vigilantes spawn in place of formal enforcement of justice. Given that Bitcoin is designed with that void in mind it was inevitable.
- X6S1x6Okd1st 6y ago
  Or where they feel like their vision of justice is not being enforced.

treebornfrog 6y ago

Agreed. I'm not a fan of chainalysis. Monero ftw.

prophesi 6y ago
I think there's room to be both a fan of Chainalysis _and_ privacy coins. The former will hopefully expedite the general adoption of the latter.
- sgp_ 6y ago
  Exactly, people freak out when companies look at public data on an open, permissionless network. What did you expect?

natcombs 6y ago

> destroy privacy and fungibility on the network Do people expect privacy from the bitcoin network?

Pick-A-Hill2019 6y ago
The 'Noobs' and low hanging fruit do. Fortunately the internet can be used to educate, guide and inform.
- Aerialoo 6y ago
  I can assure you that's not true, a lot of good developers like Chris Belcher are actively working towards it and even receive grants. New BIPs also propose privacy improvements. Anyone can care about privacy. It's a pseudo-anonymous network, but it can be used anonymously.

boring_twenties 6y ago

CoinJoin isn't a serious solution. If you want privacy, you need Monero.

jungans 6y ago
Privacy is a continuum. CoinJoin offers a trade-off between privacy and convenience. It is good enough for some cases.
- boring_twenties 6y ago
  Is it? From last week: https://medium.com/oxt-research/a-statement-on-two-discovered-vulnerabilities-in-wasabi-wallet-6e11e29a6ea8 https://medium.com/oxt-research/a-statement-on-two-discovere...
- sgp_ 6y ago
  Is having your coins flagged by an exchange for using privacy features convenient?
  - Aerialoo 6y ago
    CoinJoins exist exactly to fix the problem of fungibility.