<milas900:matrix.org> New privacy solutions are also emerging that don’t require a separate privacy coin at all. Ethereum is developing privacy infrastructure. Zero knowledge rollups are bringing privacy to mainstream chains. Tornado Cash, before it was sanctioned, showed that privacy could be layered onto transparent chains. These developments s [... too long, see mrelay.p2pool.observer/e/yf_unOYKUmU0b3lq ]

<milas900:matrix.org> What’s your thoughts of this ? Ai is source

<spider-noir:matrix.org> @milas900:matrix.org: AI is never a good source

<spider-noir:matrix.org> because it makes shit up

<spider-noir:matrix.org> Never believe a word it says and do your own research

<kiersten5821:matrix.org> 🌪️

<kiersten5821:matrix.org> free roman

<ret2pop:matrix.nullring.xyz> @milas900:matrix.org: i think the ZK related EIP is being actively worked on as well

<kiersten5821:matrix.org> eth already abandoned one pretty good eip about enshrining tornado-like privacy at the base layer, i doubt they'll ever do anything cool again, they're too big and vitalik doesn't want to go to prison

<milas900:matrix.org> Is monero going towards zero proof ?

<torir:unredacted.org> @milas900:matrix.org: Yes, that is what the FCMP++ upgrade will provide.

<torir:unredacted.org> @milas900:matrix.org: Monero is designed to continuously protect privacy on all of your transactions. It is possible to achieve privacy through other means, but it is easier to make a mistake that might be used to link your transactions. Additionally, other chains with privacy functions often find that those who use those [... too long, see mrelay.p2pool.observer/e/1Kq0o-YKeU53VG16 ]

<torir:unredacted.org> All the time, people use mixing services incorrectly too. If you deposit 15 ETH into Tornado Cash, then withdraw that same amount an hour later, you have not helped your privacy at all. Using a mixer correctly is not straightforward, whereas with Monero major privacy mistakes are harder to make.

<jeffro256> If the court isn't asking for all tx history, then wallet spend proofs can be used under both key hierarchies > <@hbs:matrix.org> @jeffro256:monero.social: also interestingly mentioned that OVKs could be created on a per address basis if using another key hierarchy, why hasn't this design been retained? Are there any drawbacks to it compared with the 5 keys hierarchy?

<jeffro256> If the court is making a request for e.g. 1 hops worth of tx history, neither the IVK nor the OVK need to be revealed

<kiersten5821:matrix.org> > <@torir:unredacted.org> Monero is designed to continuously protect privacy on all of your transactions. It is possible to achieve privacy through other means, but it is easier to make a mistake that might be used to link your transactions. Additionally, other chains with privacy functions often find that those who use th [... too long, see mrelay.p2pool.observer/e/stG3teYKU1VVWjE0 ]

<kiersten5821:matrix.org> remember that all moneros are tainted, so this is not a possible claim against other protocols

<torir:unredacted.org> @kiersten5821:matrix.org: Moneros are all tainted, but also all fungible. In practice, this often means that Monero tends to not be subject to KYC checks as often as other coins. Businesses have only the binary choice "do I accept Monero or not".

<torir:unredacted.org> This has obviously resulted in a large number of exchange delistings.

<torir:unredacted.org> But fungible is also how cash behaves, and that is the goal of Monero.

<torir:unredacted.org> Also, yes, cash is also all tainted.

<kiersten5821:matrix.org> true, and all tornado eths are also fungible

<torir:unredacted.org> Tornado Cash eths are fungible with other Tornado eths, but actually spending them can be problematic. In practice however, most smart contracts on Ethereum don't check for tainted coins, only exchanges do, so using coins that that been mixed is not too challenging.