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Seth For Privacy Profile picture
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May 7 • 4 tweets • 2 min read
Oof.

Anyone with a more #LightningNetwork-focused following want to run the same poll and see what you get?

In some ways I'm glad I'm not alone but that's... Not exactly the UX normies will put up with.

Do you all think this is why custodial LN is so commonly used?
If you voted in my poll don't vote here, but will add polls by others that are similar here to compare among follower sets.

Thanks for kicking it off @L0laL33tz!

Great breakdown of my results by @heady_wook:

Another poll here, this one is surprisingly positive about LN:

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More from @sethforprivacy

Seth For Privacy Profile picture
May 5
It's *very* early, but I've started collecting resources, open questions, and proposed efforts to explore how trustless zk-SNARKs could be useful for a potential future #Monero protocol update:

github.com/monero-project…

If you have useful resources or questions, please reach out!
The goal here is to build a go-to resource that marries the promise of trustless zk-SNARKs with the specifics of Monero's payment protocol to ease potential research and interest by Monero developers and researchers, not to push for implementing zk-SNARKs ASAP.
I'll be working on a blog post to detail why they're worth exploring in more depth and what the associated pros/cons are, but a few notes:

- Seraphis is still the path forward for Monero, we're focused on that
- Ring signatures are still working very well in the real world
Read 7 tweets
Seth For Privacy Profile picture
Apr 21
1/ I'm really tired of responding to lots of comments from DERO people claiming they've solved the worlds problems and scamming people with false marketing, so here's a thread breaking down all of their grandiose claims 👇
2/ DERO claims to be using "fully-homomorphic encryption" to prevent nodes from being able to see transaction information.

Not only is this nonsensical (zk-proofs allow verification without revealing data simply) FHE is absolutely unusably inefficient:

anandtech.com/show/16533/int…
3/ For DERO to claim that they're using something that is thousands of times less efficient than more common encryption methods, and that has yet to be implemented in any other fashion due to this inefficiency should discount the rest of their claims off the bat.
Read 19 tweets
Seth For Privacy Profile picture
Apr 21
1/ As always, ransomware and DNM trends are a good litmus test for the usefulness of a technology, and especially the usefulness of a cryptocurrency.

Let's dive into some interesting info in the latest CipherTrace ransomware report 👇
2/ First off, no mentions of tracing Monero or tracking it's usage, despite Ciphertrace having used social-engineering to collect XMR addresses from known ransomware entities.
3/ Monero's acceptance (either only-XMR or XMR and BTC) has rapidly risen, and those who accept Bitcoin generally charge a 10-25% premium due to it being "easily traceable".

CipherTrace throwing punches 😅
Read 10 tweets
Seth For Privacy Profile picture
Apr 17
1/ Get ready for the #Monerorun tomorrow by reading up and taking control of your $XMR:

localmonero.co/knowledge/hold…

Here are some excellent wallets depending on your preference to start using today 👇
2/ First off, no matter what wallet you use *save your seed*!!!

Always do so in multiple locations, in ways that you can find and recover, and inform your family or loved ones of how to recover funds as well, just in case.
3/ The first wallet recommendation is @cakewallet (or @MoneroCom), both of which are very simple to use and beautiful, work on both Android and iOS, and have native exchange functionality.

I personally use @MoneroCom.

More at cakewallet.com and monero.com:
Read 7 tweets
Seth For Privacy Profile picture
Apr 15
While this is "just" the front-end, this continues the trend of "privacy tools" preempting regulatory pressure to kiss the boot of our benevolent overlords.

#Monero cannot do this by design, and that's what makes it such a powerful tool.

Permission-less or GTFO.
P.S. -- "privacy tools" like @wasabiwallet and @TornadoCash using your fees to pay @chainalysis is the irony of ironies.

Quit giving these people your funds and just use Monero.

It's that easy.
Oh god, I missed the @TornadoCash tweet:



"Privacy should not come at the cost of non-compliance"...

Run away from this garbage as fast as you can 🤮
Read 11 tweets
Seth For Privacy Profile picture
Apr 14
Glad to see some more nuanced discussion of privacy issues in #Lightning at #Bitcoin2022!

The keys are:

1) Receive privacy is poor
2) Routing cross-network makes privacy of channels poor
3) L1 privacy issues cascade onto L2 to great detrimental effect

invidious.sethforprivacy.com/watch?app=desk…
One of the biggest paradoxes of Lightning is that cross-network routing *requires* public knowledge of nodes, channels, and channel UTXOs/balances, but LN is being relied upon to "fix" all of the privacy issues of L1.

These problems are not easy to solve, maybe impossible.
If you reduce the information available about nodes/channels/UTXOs, you necessarily exacerbate an already serious issue -- routing payments gets much harder or even impossible without routing hubs.

Do you want to "easily" route payments, or do you want privacy?
Read 13 tweets

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