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0 sats \ 2 replies \ @mallardshead 25 Aug 2023 \ parent \ on: Are LN users naively thinking LN is private? bitcoin
Don't use a CEX. We have far better options for extreme privacy than just mixing now. And that's with a small data set and no circular economy. A large global data set and circular economy starts to leave institutions and governments as the parties being surveilled — perhaps by us.
I didnt touch KYC CEX since 2019 :)
But lets say someone were to buy/sell btc P2P via LN. Taxaman dislike "cash deals" and totality of those trades might be bg enough to grab someone for undeclared cap gains
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Not possible with a large global data set on a global network. They'll spend more money doing the grabbing than they collect in taxes. A circular economy makes it harder. We already have multiple DEX's on LN, Robosats being the one I use most often. And the LN doesn't even have Taproot channels, splicing, or a self-validating wallet standard. I don't see your concerns playing out directionally. That's the beauty of FOSS and having a base layer designed with the right incentives and principles.
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