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Issue #310: Read up on BTC privacy tech

Sep 4, 2018
Marty's Ƀent

Issue #310: Read up on BTC privacy tech

Here's a great article from the wonderful Aaron van Wirdum on all of the privacy tech that is currently being worked on for Bitcoin both at the protocol and wallet levels. Aaron has a very good nack for being able to break down pretty complex topics into digestible form and this article is a perfect example of this. You freaks may have heard me say this before, but I strongly believe that fungibility + privacy is going to be the next big SegWit-like battle that the Bitcoin project faces. This may be the catalyst that pushes nation-states into the fray, forcing them to expend capital to try to combat attempts by Bitcoin users to implement this tech into the protocol, making Bitcoin a true currency in every sense of the word.

Right now, in my mind, Bitcoin is incomplete without these privacy features baked into the protocol. With that being said, the UX improvements that are being made at the wallet level in regards to fungibility are giving me hope that this battle may not be as necessary as previously thought, but I'm not getting my hopes up. If there is one thing to take from this article, it's that we should be happy that so many people care about privacy for all and are working on many different angles through which that can be provided to Bitcoin users. These are people working on cutting edge technology that has often been overlooked in this space because of ICO hype and pipe dreams. This is where the real innovation is at.

Presented without comment...

... except that Bitcoin may be slow and cumbersome at times, but it does what it set out to do from the start; enable peer-to-peer censorship resistant transactions roughly every ten minutes. "The World's Computer" hasn't followed up on many of the promises it made before launch.

Final thought...

Let's have ourselves a Fall, freaks.


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