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MaxQzc
hi everyone i am new to Monero
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MaxQzc
Hi everyone!!!
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netrik182
hi MaxQzc, nice to see new translators around :)
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synaps3
how does monero privacy comapres with LN privacy ?
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synaps3
bitcoin lightning network
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merope
One is private, the other is not
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synaps3
lol
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synaps3
some people claim LN is more private than monero bc it uses some onion routing to pass transactions
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merope
Those people do not understand osi layers
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merope
Onion routing only encrypts data in transit, so nobody will be able to see that you are using lightning
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merope
But all those transactions eventually get settled in the clear on the main chain, so anyone can see the outcome
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merope
They just won't know your ip address while you do it
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Mochi103
Don't you have to trust the Lightning Node operator too?
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apotheon
Mochi102: Yeah, you have to trust the node operator, as I understand it.
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apotheon
merope: My understanding is that the taransactions in LN get aggregated so that the specifics of whatever activity happens in Vegas stays in Vegas, but the overall effect gets settled on the blockchain. Depending on how many people were involved in the LN activity, then, it can be difficult to figure out who gave money to whom. Now that I think about it, that's kinda like a mixer in terms of
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apotheon
its ultimate privacy effect, but via a different mechanism.
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apotheon
Someone correct me if I'm mistaken about any of that.
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Danilo82
do i need to keep my wallet online all the time to receive coins, whenever i open it i will receive it?
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Danilo82
or*
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nioc
Danilo82: no need to keep your wallet online
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Danilo82
ok do i need to keep a wallet file if i am using n online node?
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nioc
everything happens on the blockchain, that is where your coins are
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nioc
your wallet allows you to access your coins
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Mochi102
like a key
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Danilo82
so i only need the key right?
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Mochi102
yes
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Mochi102
the other is stuff like the addresses that you sent to, etc
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Danilo82
if i can make multiple addresses, will using the key open these addresses too or only the main one?
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merope
One key (the wallet seed phrase, specifically) is used to generate all your addresses
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Danilo82
so lets say if i deleted all of this wallet thing, and opened a new one with my keys, i would have the same 2 addresses right?
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merope
If you restore your wallet using the same seed phrase you had, yes
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Danilo82
ok
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Mochi102
deterministic addresses
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Mochi102
so they're 'recreated' in the same sequence.