Good morning,
Things that affect privacy particularly when large sums of money are involved
in bitcoin:
Liquidity, Anonymity set, Amounts, Type of addresses/scripts, Block, Locktime
and Version
I have left out things that aren't part of bitcoin protocol or blockchain like
KYC. It is difficult for users to move large sums of BTC without being observed
because bitcoin does not have confidential transactions to hide amounts.
Coinjoin implementations have their own issues, trade-offs, some might even
censor transactions and big amounts will still be a problem. Coinswap might be
an alternative in future however I wanted to share one solution that could be
helpful in improving privacy.
Synonym did first [stablecoin transaction][1] in a lightning channel using Omni
BOLT. Consider Alice starts a bitcoin project in which a lightning channel is
used for assets like stablecoin. Bob wants to use 1000 BTC linked with an
incident. He opens channels with Alice, gets stablecoin which can be used in
any project that supports Omni BOLT assets.
Questions:
What is the lightning channel capacity when using Omni BOLT?
What else can be improved in this setup? Anything else that I maybe missing?
I added 'fifty shades of privacy' in subject because it was the first thing
that came to my mind when I look at privacy in bitcoin and lightning.
[1]: https://youtu.be/MfaqYeyake8
pushd
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parallel lines meet at infinity?
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