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Seth For Privacy Profile picture
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Jun 1 • 3 tweets • 2 min read
And there it is, folks, #Monero now #2 blowing past #Ethereum and catching up rapidly to #Bitcoin.

Only a matter of time 🤷‍♂️

Superior, fungible digital cash will win on free markets.

Also #1 in the US and rapidly gaining share in Canada at #2.
Poor #LightningNetwork stuck at 3.6% 🥲
% breakdown by transaction *count* instead of $ volume here:

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More from @sethforprivacy

Seth For Privacy Profile picture
May 31
Attempted to make a semi-exhaustive list here, please read through and let me know if I missed something, misspoke, or need to add more detail to any of the proposals:

sethforprivacy.com/posts/proposed…

Hoping to make this a useful and up-to-date list of proposals both WIP and DOA.
Posted on @stacker_news as well, per the usual 🙂

stacker.news/items/33089
Will add FediMints later as well:

Read 7 tweets
Seth For Privacy Profile picture
May 19
1/ Time to share some of my thoughts and experiences from getting this self-sovereign #LightningNetwork stack up and running.

tl;dr - not for the faint of heart/non-tech-savvy, but once configured and up and running it seems to be working quite well for me!
2/ For the Bitcoin node, I simply exposed the Dojo bitcoind node's RPC that I already had up, and was able to easily access it across my home's network:

code.samourai.io/dojo/samourai-…

Be sure to write down the ports used here if using a Dojo node externally, as they're non-standard.
3/ First off in the stack is @Core_LN:

github.com/ElementsProjec…

The installation process was solid, and I was able to leverage a modified version of their systemd script to get it to run on boot as a service:

github.com/ElementsProjec…
Read 28 tweets
Seth For Privacy Profile picture
May 7
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:

Read 4 tweets
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

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