Max Hillebrand: "Assuming that we get Taproot and Sighash no enter activated within the protocol, I declare that we have now ‘excellent’ privateness in Bitcoin, and I search to defend that declare."



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I'll chew. Taproot and sighash_no_input provide a number of privateness enhancements, however they don't present excellent privateness as a result of — even as soon as we have now these applied sciences — the only and easiest method to make use of bitcoin will nonetheless leak your privateness, as a result of it is going to nonetheless contain sending cash out of your tackle to another person's tackle, revealing a decrease certain on how a lot cash you personal and a path of breadcrumbs backward by way of the blockchain. Utilizing bitcoin privately will nonetheless require utilizing lightning and coinjoins, that means there are additional steps and added dangers. Furthermore, even in the event you use all of those applied sciences — taproot, lightning channels with sighash_no_input, and coinjoins — chain surveillance corporations will nonetheless be capable to get details about a consumer's inputs, together with quantities owned, when a consumer opens a channel, closes a channel, and/or when a consumer's cash exit a coinjoin. At that time, all it takes is sending your cash to 1 service that is aware of your identification (or is aware of somebody who is aware of somebody who is aware of your identification), and your privateness is compromised once more.

TLDR: these applied sciences assist, particularly in the event you use them to realize your privateness after which keep away from making any privateness errors/tradeoffs sooner or later, however they don't present excellent privateness but.

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