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The transactions pass through generally only 1-2 nodes which will be required to log everything unless they want to risk punishment for laundering illegal BTC,
by ajkdhcb2 5y ago
The transactions pass through generally only 1-2 nodes which will be required to log everything unless they want to risk punishment for laundering illegal BTC, and people dont want to close their channel and end up with illegal BTC without evidence of how it happened, so yeah. There are huge problems with trying to build fungibility on top of a traceable foundation.
- legutierr 5y agoSo then lightning network transactions are not automatically transparent, then. Transparency depends on the willingness and ability of nodes to log transactions, and then to share those records.
- ajkdhcb2 5y agoThere are many further privacy issues on top of that that allow third parties to trace payments, so the current design is totally insufficient to be called not-transparent