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Lost me by the 4th slide when it mentioned privacy. Bitcoin transactions are not private. Every transaction is public and traceable. It only takes 1 exposure th

Lost me by the 4th slide when it mentioned privacy. Bitcoin transactions are not private. Every transaction is public and traceable. It only takes 1 exposure that associates a public address with a name to allow tracing any other transactions associated with that address to the exposed name.

qeternity 5y ago
Taproot makes it possible to have fully off-chain transactions.
- thinkmassive 5y ago
  Taproot makes different types of transactions indistinguishable (single signature, multi-sig, more advanced redeem scripts), however the inputs and outputs are still fully visible on-chain. Lightning Network does make it possible to do an unlimited number of off-chain transactions, after an initial funding transaction to open a channel, and eventually a settlement transaction to close the channel: https://lightning.network/ https://lightning.network/
  - qeternity 5y ago
    > however the inputs and outputs are still fully visible on-chain. And intermediate states are not visible, thus it allows full off-chain transactions.
    - thinkmassive 5y ago
      I think you’re thinking of the Lightning Network. Bitcoin transactions are atomic, they don’t have intermediate states.
      - qeternity 5y ago
        No, I'm not. I'm talking about off-chain transactions enabled by taproot.
        thinkmassive 5y ago
        Taproot is a new on-chain transaction type. Do you have a link where I can read what you’re talking about?