Return-Path: Received: from smtp4.osuosl.org (smtp4.osuosl.org [140.211.166.137]) by lists.linuxfoundation.org (Postfix) with ESMTP id A6DBCC0001 for ; Sat, 27 Feb 2021 16:14:42 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp4.osuosl.org (Postfix) with ESMTP id 89F324F0AB for ; Sat, 27 Feb 2021 16:14:42 +0000 (UTC) X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -0.7 X-Spam-Level: X-Spam-Status: No, score=-0.7 tagged_above=-999 required=5 tests=[HTML_MESSAGE=0.001, RCVD_IN_DNSWL_LOW=-0.7, SPF_PASS=-0.001] autolearn=ham autolearn_force=no Received: from smtp4.osuosl.org ([127.0.0.1]) by localhost (smtp4.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id 8hx6FRhZSs2R for ; Sat, 27 Feb 2021 16:14:41 +0000 (UTC) X-Greylist: domain auto-whitelisted by SQLgrey-1.8.0 Received: from outgoing.mit.edu (outgoing-auth-1.mit.edu [18.9.28.11]) by smtp4.osuosl.org (Postfix) with ESMTPS id CBE7B4F063 for ; Sat, 27 Feb 2021 16:14:40 +0000 (UTC) Received: from mail-il1-f177.google.com (mail-il1-f177.google.com [209.85.166.177]) (authenticated bits=0) (User authenticated as jlrubin@ATHENA.MIT.EDU) by outgoing.mit.edu (8.14.7/8.12.4) with ESMTP id 11RGEcM1019586 (version=TLSv1/SSLv3 cipher=AES128-GCM-SHA256 bits=128 verify=NOT) for ; Sat, 27 Feb 2021 11:14:39 -0500 Received: by mail-il1-f177.google.com with SMTP id o1so10786820ila.11 for ; Sat, 27 Feb 2021 08:14:39 -0800 (PST) X-Gm-Message-State: AOAM531lqTx6ehfthhwWz8pnguTGRw4XnDv38/9/ZqLUwnEzf1E40831 lZk1fhzZGLRxG9J06vZTFTBdaVHMyJVmukbsZUw= X-Google-Smtp-Source: ABdhPJySbRRe8sq0x+0mrLRNdyXXPscAo3rEoKphsNpqkPxbbGZ4JyEnIV7RUKZaLNMFTQrooQARQFuLWspT24+HTFs= X-Received: by 2002:a92:6403:: with SMTP id y3mr6736076ilb.90.1614442478481; Sat, 27 Feb 2021 08:14:38 -0800 (PST) MIME-Version: 1.0 References: In-Reply-To: From: Jeremy Date: Sat, 27 Feb 2021 08:14:27 -0800 X-Gmail-Original-Message-ID: Message-ID: To: LORD HIS EXCELLENCY JAMES HRMH , Bitcoin Protocol Discussion Content-Type: multipart/alternative; boundary="00000000000070b5ad05bc53ae93" Subject: Re: [bitcoin-dev] Taproot NACK X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sat, 27 Feb 2021 16:14:42 -0000 --00000000000070b5ad05bc53ae93 Content-Type: text/plain; charset="UTF-8" I have good news for you: Taproot does not enable monero-like privacy features any moreso than already exist in Bitcoin today. At its core, taproot is a way to make transactions with embedded smart contracts less expensive, done so in a manner that may marginally improve privacy dependent on user behavior (but not in the monero-like way you mention). For example, it makes it possible for lightning channels to look structurally similar to single key wallets, but it does nothing inherently to obfuscate the transaction graph as in monero. Such "monero-like" transaction graph obfuscation may already exist in Bitcoin via other techniques (coinjoin, payjoin, coinswap, lightning, etc) with or without Taproot, so the point is further moot. Do you have a source on your reporting? You may wish to rescind your nack. -- @JeremyRubin On Sat, Feb 27, 2021 at 5:46 AM LORD HIS EXCELLENCY JAMES HRMH via bitcoin-dev wrote: > Good Afternoon, > > It has been reported that Taproot will enable some Monero like features > including the ability to hide transactions. > > If that is the case I offer a full NACK and let me explain. > > A part of the benefit of using Bitcoin is its honesty. The full > transaction is published on the blockchain. If that were to change so that > transactions may be obfuscated from scrutiny then any government would have > unlimited impetus to ban Bitcoin, and speculation has that is the reason > India has been reported to have banned cryptocurrencies already. > > I am in support of the expanded use case of Bitcoin without harming the > established robust fairness and equal equity offered. The core > functionality of Bitcoin, its values, must remain unaltered. > > KING JAMES HRMH > Great British Empire > > Regards, > The Australian > LORD HIS EXCELLENCY JAMES HRMH (& HMRH) > of Hougun Manor & Glencoe & British Empire > MR. Damian A. James Williamson > Wills > > et al. > > > Willtech > www.willtech.com.au > www.go-overt.com > and other projects > > earn.com/willtech > linkedin.com/in/damianwilliamson > > > m. 0487135719 > f. +61261470192 > > > This email does not constitute a general advice. Please disregard this > email if misdelivered. > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > --00000000000070b5ad05bc53ae93 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
I have good news for you:= Taproot does not enable monero-like privacy features any moreso than alrea= dy exist in Bitcoin today. At its core, taproot is a way to make transactio= ns with embedded smart contracts less expensive, done so in a manner that m= ay marginally improve privacy dependent on user behavior (but not in the mo= nero-like way you mention). For example, it makes it possible for lightning= channels to look structurally similar to single key wallets, but it does n= othing inherently to obfuscate the transaction graph as in monero.

Such "monero-like" transaction graph obfuscation may already ex= ist in Bitcoin via other techniques (coinjoin, payjoin, coinswap, lightning= , etc) with or without Taproot, so the point is further moot.

D= o you have a source on your reporting?

You may wish to rescind your n= ack.


On Sat, Feb 27, 2021= at 5:46 AM LORD HIS EXCELLENCY JAMES HRMH via bitcoin-dev <bitcoin-dev@lists.linuxfoundat= ion.org> wrote:
Good Afternoon,

It has been reported that Taproot will enable some Monero like features inc= luding the ability to hide transactions.

If that is the case I offer a full NACK and let me explain.

A part of the benefit of using Bitcoin is its honesty. The full transaction= is published on the blockchain. If that were to change so that transaction= s may be obfuscated from scrutiny then any government would have unlimited = impetus to ban Bitcoin, and speculation has that is the reason India has been reported to have banned cryptocurren= cies already.

I am in support of the expanded use case of Bitcoin without harming the est= ablished robust fairness and equal equity offered. The core functionality o= f Bitcoin, its values, must remain unaltered.
KING JAMES HRMH
Great British Empire

Regards,
The Australian
LORD HIS EXCELLENCY JAMES HRMH (& HMRH)
of Hougun Manor & Glencoe & British Empire
MR. Damian A. James Williamson
Wills

et al.

=C2=A0
Willtech
and other projects
=C2=A0


m. 0487135719
f. +61261470192


This email does not constitute a genera= l advice. Please disregard this email if misdelivered.
_______________________________________________
bitcoin-dev mailing list
= bitcoin-dev@lists.linuxfoundation.org
https://lists.linuxfoundation.org/mail= man/listinfo/bitcoin-dev
--00000000000070b5ad05bc53ae93--