Succinct recapitulation of the recent DOJ publication from @OxoUtx. Between this, FATF travel rule, SLiC, & J-CODE there have been several noteworthy privacy related headlines recently.
A thread on minimizing trust by generating keys offline, compiling an Android app, and using your own node.
2/19 BIP85 enabled wallets can create private keys for many wallets. This way, users only need to secure 1 backup. From there all other wallets can be restored by their index #. See this thread 👇 for setting up a @COLDCARDwallet from scratch & BIP85 uses.
3/19 Securing your master seed phrase in a durable medium like metal is advisable. @bitcoinbackup is awesome and there are many other resourceful solutions.
A thread on privacy, anonymity, & options.
-Samourai Mobile Wallet
-Ronin CLI
-Dojo full node
-Ronin UI
-Whirlpool GUI
-Electrum
-Explorer
-OXT
-KYCP
2/56 @SamouraiWallet & @RoninDojoUI are 2 different developer teams. Dojo is meant to be used as your own full node in support of your SW for better privacy & trust mitigation. Ronin is the UI used to interact with your dojo.
3/56 @SamouraiWallet is a #BTC only, mobile wallet for Android. Like any other HD wallet, your xpub is used to display balances & generate addresses. As with any HD wallet, if you’re not running your own node then you’re introducing trust by using someone else’s.
1/17 Having spent the last few days in the front row of a @SamouraiWallet vs. @wasabiwallet debate, it seems like the strongest argument against SW is "they have the users' xpubs & may be compelled to hand them over to law enforcement".
This struck me as a half-baked argument.
2/17 I'm not an attorney, however, I do have experience handling digital evidence in support of litigation. It's been years since I was in that line of work but by all means if you're an attorney and/or Bitcoiner & are so inclined, correct me if I'm wrong...
3/17 First of all let's clear something up. SW needs your xpub in order to display your wallet balance. Your xpub is sensitive in terms of your tx history, balances, & spend tx's. So it makes sense that this may be information that is sought after by law enforcement. However...
1/18 Probably not the best explanation but here's an attempt to highlight what's at stake with Coinbase ("CB") from my point of view.
Call me crazy or paranoid but a company with your personal data & your public data will not resist the temptation to combine them.
2/18 The info transmitted on the #Bitcoin network is public. Meaning anyone in the world can watch the network & see all the addresses/transactions made. This public info is kept in a decentralized database that dates back to the first transaction and catalogs all transactions.
3/18 The public availability of this data isn't concerning to you because your true identity is masked by a pseudonymous address. Even though evidence of every transaction is captured in the database, nobody knows it's you unless you tell them or you leak sensitive information.
1/19 A thread on BIP85, setting up a @COLDCARDwallet from scratch, & using a primary seed to derive entropy for @bluewalletio & Bitcoin Core.
"One seed to rule them all, One Key to find them, One Path to bring them all, And in cryptography bind them."
2/18 The cool thing about BIP85 is that it enables one to create several keys for several #Bitcoin wallets from a single, primary seed. i.e., you just have 1 seed to protect & all your #Bitcoin wallets are safe. Perfect for people who like trying several wallets.
3/19 @COLDCARDwallet has implemented BIP85 in their latest firmware release. Because they're awesome. And they have the coolest gear. So get one for yourself, open the tamper-evident packaging, plug it into your @usbCOLDPOWER and follow along.