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RE: Satoshi Nakamoto Funding MimbleWimble Devs

in #grin7 years ago

Idk man.... From the original Bitcoin Whitepaper, the work "privacy" only comes up 6 times.... Here is the mentions for reference

10. Privacy
The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the "tape", is made public, but without telling who the parties were.
As an additional firewall, a new key pair should be used for each transaction to keep them from being linked to a common owner. Some linking is still unavoidable with multi-input transactions, which necessarily reveal that their inputs were owned by the same owner. The risk is that if the owner of a key is revealed, linking could reveal other transactions that belonged to the same owner.

I don't see it going both ways here...
In terms of true privacy, I think Satoshi knew, nothing online is private.

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I don't see it going both ways here...

Not sure what you mean exactly.

True privacy could be achieved, but we'd likely have to decentralize the Internet itself, which would certainly involve a lot of work and resistance. Everyone needs a burner phone with physical switches for mic, GPS, and camera.

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