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0 sats \ 3 replies \ @d01abcb3eb 6h \ parent \ on: How many addresses does Tether freeze in a week? tech
You might be onto something here, but I think you main point is wrong. The USDT is likely tracked all the way. Even USDT on the Liquid network is freezable, and it is likely known who owns what USDT. When you buy L-BTC for it then all records needed for taxation is most probably available. What you can do after that with confidential txs is more unclear. Maybe you can decouple the coins from your identity - I don't have a deep understanding of how confidential txs work, and also do not know what data the liquid federation can keep and keeps behind the scenes - if any. That nostr link is just the same shill as stated above btw. Not being a hive-minded-vibe-drone I need more. I appreciate your reply though - costing your time and 1 sat and all.
I don't have a deep understanding of how confidential txs work
You are right here. Educate yourself:
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Neither do you, as I gather, because then you would give me a condensed explanation with links to technical KISS-sources instead of more commercial shill.
And this isn't relevant anyway for your CGT-escape claim. In addition, liquid is not trust-less. You trust Blockstream and the federation (who mine your liquid txs). So, if you wanna commerce-talk it's "trust-minimized" at best.
Still, I think that "Withdrawing USDT to a self-custodial wallet via Liquid breaks chain analysis." is an ill-informed claim.
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Dude, I owe you nothing. Trustless are the atomic swaps. You can't do chain analysis if you can't see the amounts and the assets. And of course there are no "identities".
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