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111 sats \ 5 replies \ @Scoresby OP 14 Mar \ parent \ on: Crest: Bitcoin privacy pools built on Citrea - I'm not impressed bitcoin privacy

Sure, but if they are going to call it Bitcoin, and use the kind of language they use to advertise, the implication to me is that its actual Bitcoin that one is "encrypting" (their words).

"Buy this other privacy coin" seems like a more honest way to market.

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361 sats \ 3 replies \ @kruw 14 Mar

If anyone could challenge instead of 1 of n, would you change your mind?

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229 sats \ 2 replies \ @januszgrze 16 Mar

the concern isn't really with the 1-of-N, but rather with the 3-of-5 emergency spend path. the trust in the system degrades to a security council where we don't know who the signers are.

this is standard for fraud proof bridges as a part of their "decentralization path"

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6 sats \ 1 reply \ @Scoresby OP 16 Mar

Thanks for the info.

I'm confused what the innovation of Citrea is in this case. I need to go read your BitVM article from January again.

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229 sats \ 0 replies \ @januszgrze 16 Mar

the innovation is that it's unique in the sense that it's happy path is the 1-of-N set up... and that you can get creative with how the security council can spend the funds.

but, it gets pretty complicated to be honest.

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108 sats \ 0 replies \ @optimism 14 Mar
honest way to market

meh. they need to downplay. I've lost friends over their downplaying.

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