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Comment by SavantIdiot | Hacker News Reader

Pretty easy actually: let me give you 0.01BTC, then I'll know what you spend your money on. Forever.

This is not right - pretty much all modern wallet software generates brand new key pairs each time there is a transaction, thereby creating a new address. The unspent utxo's (unspent transaction outputs) are then sent to the new address and the old address can (but shouldn't) be used.

This amounts to little more than trivial obfuscation in practice.

The UTXO "privacy" model of Bitcoin has never worked out, and more modern cryptocurrencies aren‘t even attempting anything like it anymore.

In practice, Bitcoin's privacy model was never even tried though. BTC fees are so prohibitively expensive that no wallet or user would generate more UTXOs or transactions than they have to, making it trivial to trace, yes. But if BTC had been allowed to scale like it was originally designed, then wallets would not fear inputting and outputting potentially hundreds of UTXOs in every transaction of varying amounts so that it becomes practically impossible to trace.

On Bitcoin SV, basically a high-scale version of Bitcoin, there are today several wallets taking smarter approaches to privacy. HandCash's Output Bills [1] for example splits outputs into fixed denominations like cash, and Paymail [2] is a email-like addressing scheme to avoid sharing addresses publicly. I'm sure more approaches will be tried too now that wallets have some freedom to experiment.

[1] https://handcash.medium.com/introducing-output-bills-a-coin-...

[2] https://bsvalias.org/

CSW is a fraud. https://github.com/vbuterin/cult-of-craig

Even if it were technologically superior in some ways, the fact that it's made and run by a "Q"-like LARPer/fraudster figure makes it dead on arrival.

Been hearing this since 2018. Meanwhile

- Cryptofights alone did 600k transactions yesterday https://bsvdata.com

- Hundreds of independent games, social media, wallets, exchanges, tokens, artwork, hackathons in general creativity. https://metastore.app

- Solid user and developer experiences. https://handcash.io, https://moneybutton.com, https://cryptofights.io, https://run.network

- Thousands globally who fly to attend conferences, before covid at least https://coingeekconference.com/en/past-conferences/london-fe...

- Advanced research going into scaling Bitcoin. 50K tps demonstrated publicly, more privately. https://www.youtube.com/watch?v=i3As9-9uSXs&t=224s

- Active community, spread across Slack, Youtube, Streamanity, Twitter, Telegram, and others. Tons of different personalities and beliefs. https://www.youtube.com/watch?v=LAPRWOwam20

Clearly dead though.

you didn't address `"Q"-like LARPer/fraudster figure`

The information is out there for people to make up their own mind. But if you are confident that CSW is larping as Satoshi, let's have some fun and make it a bet.

Thank you because I honestly had no idea what that was referring to and you gave it a lot of colour

Oh man, I'd love to use a betting platform for that if I could. I'd literally bet the vast majority of my net worth in a heartbeat.

Also

>The information is out there for people to make up their own mind.

if this is intended to counter claims of being part of a QAnon-like cult...

When I said "dead on arrival", I meant in my mind it was dead on arrival as something to be considered or humored. I don't think it should be touched with a 50 km pole. In practice, I acknowledge it's not dead in terms of adoption. (Though adoption is still minuscule compared to Bitcoin or Ethereum.)

Similarly, "Q Clearance Patriot"'s predictive ability and insight was dead on arrival in my mind, even if in practice it clearly isn't in the minds of many. So I really meant "should-be-dead on arrival".

Again, it may very well be true that it has legitimate technical merit. But that's orthogonal to the issue of its creator being a notorious, cult-leader-like serial fraudster. That doesn't mean the protocol specification should necessarily be discarded, but it definitely means that particular network and project should be.

The fees are around 1-2 satoshi per byte for the last couple weeks so about $0.04-6 per transaction

But anyone can see the new address to which the utxo's were sent...

Approx. $300 USD in Bitcoin seems like a high cost for this expt.

38EQT9MqNU6SU7cUdXw9cx2GoRKJi1EhYX

You'll know which addresses i sent my money to. Maybe.

But unlikely you'll know what i bought

Metadata is sufficient.

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