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It's not meant to be "untraceable". But it's fast, and as mentioned not a public ledger. If you want untraceable, you can go out of your way to achieve that us
by jejeyyy77 4y ago
It's not meant to be "untraceable". But it's fast, and as mentioned not a public ledger.
If you want untraceable, you can go out of your way to achieve that using something akin to tornado.cash
I think the point is that the technology is already here and available - it's just not evenly distributed yet.
- pclmulqdq 4y agoMore people have tried to sell me on the lightning network on the basis that it offers privacy and reduces net transaction fees than on the basis that it offers speed.
- jejeyyy77 4y agoIt does all those things to different degrees?
- Apocryphon 4y agoReally bizarre that the whole asset class is labelled "crypto" when it's not even traceable. The blockchain being an unalterable ledger makes this generation of cryptocurrencies weirdly public. Perhaps in the future there will be true crypto currency.