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361 sats \ 3 replies \ @kruw 14 Mar \ parent \ on: Crest: Bitcoin privacy pools built on Citrea - I'm not impressed bitcoin privacy

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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