nopara73, creator of Wasabi Wallet: "Compared to privacy coins Wasabi is just a temporary hack. I think without Confidential Transactions, as the transaction fees grow, privacy will be priced out of Bitcoin's main chain."
@satoshilite: Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions. 🚀
@binance: An Introduction to Confidential Transactions Privacy in #Bitcoin is often overstated. Not only can coins be traced, but users can too. One upgrade proposed to make transactions truly private is Confidential Transactions. Learn more with @BinanceAcademy https://t.co/Hy0VNtzhF4
@SatoshiLite: Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions. 🚀
The Liquid Release Candidate Network is ready! Liquid offers traders the opportunity to rapidly, securely, and confidentially move bitcoins between member exchanges, with a transaction finality of less than 2 minutes using Confidential Transactions
If bitcoin adds confidential transactions (or any real privacy features, even on second layer) doesn't that undermine its only real argument against Monero?
There are several properties of money: one is that it is fungible, and another is that it is scarce. Arguably, we can't know if Monero is scarce, as you cannot have something that is simultaneously perfectly binding and perfectly hiding. Monero has opted towards perfectly hiding, and it largely counts on there not being an exploit that allows for unknown creation of coins. The current argument I see is: why would I want to put my savings in Monero when it may or may not be inflated without anyone knowing? I'd rather hold bitcoin because I know the maximum amount of bitcoin. But, bitcoin is supposedly going to add Confidential transactions, which uses zero knowledge proofs and breaks this perfectly binding feature it currently has. If bitcoin attempts to offer privacy on any level, such as adding CT, or even second layer solutions that are truly fungible, doesn't it become a bastardization where it is neither perfectly binding nor perfectly hiding? A second layer solution may not create more bitcoin ultimately, but it can inflate it on the second layer, and those can be used to suppress or inflate the price of real bitcoins, as well as causing loss of funds if you are holding your coin in a private matter while the exploit is fixed.
Auto Post from Bitcoin: We just released Liquid Network support for the Blockstream Green wallet! Send, receive, store L-BTC and any issued asset on the Liquid sidechain all while using Confidential Transactions & fast settlement times.
About confidential transactions. Confidential transactions (CT) were developed from the minds of Bitcoin contributors Adam Back and Gregory Maxwell. In 2013, Back proposed that Bitcoin and related systems could use additive homomorphic commitments instead of explicit amounts in place of values in transactions for improved privacy. One of these solutions is “Confidential Transactions.” Background. As opposed to most digital financial infrastructure, all typical Bitcoin transactions are recorded on the public blockchain, visible for anyone to see. This is required to validate transactions without any centralized authority, but also makes it trivial to trace how many bitcoins are sent from which addresses to which ... Confidential Transactions One of the most powerful features of Elements is Confidential Transactions. Confidential Transactions keep the amount and type of assets transferred visible only to participants in the transaction (and those they choose to reveal the blinding key to), while still cryptographically guaranteeing that no more coins can be spent than are available. Confidential transactions (CT) is a cryptographic protocol which results in the amount value of a transaction being encrypted. The encryption is special because it is still possible to verify that no bitcoins can been created or destroyed within a transaction but without revealing the exact transaction amounts.. Confidential transactions requires a softfork consensus change to be added to ... Confidential Transactions improves the situation by making the transaction amounts private, while preserving the ability of the public network to verify that the ledger entries still add up. It does this without adding any new basic cryptographic assumptions to the Bitcoin system, and with a manageable level of overhead. CT is possible due to the cryptographic technique of additively ...
Live Bitcoin Trading With Crypto Trading Robot DeriBot on Deribit DeriBot Alternative channel 942 watching Live now Hotel Confidential: What You Didn't Know - Duration: 4:54. Ledn's first product, Bitcoin-backed loans, gives hodlers access to dollar liquidity without having to sell their bitcoin. This lets you keep the any potential appreciation in your precious bitcoin. Hallo und Herzlich Willkommen zu einer neuen Ausgabe von Finanzielle Freiheit Dank Kryptowährungen! Wenn Dir das Video gefallen hat, lass einen LIKE und ein ABO da. Außerdem freuen Wir uns über ... Wasabi is an open-source, non-custodial, privacy focused Bitcoin wallet for desktop. It implements trustless coin shuffling: Chaumian CoinJoin. https://wasab... Bitcoin Confidential is a new, untraceable digital cash brought to you by the team at SmartCash. The SmartCash blockchain snapshot for the Bitcoin Confidential airdrop is scheduled for December ...