nopara73, creator of Wasabi Wallet: "Compared to privacy coins Wasabi is just a temporary hack. I think without Confidential Transactions, as the transaction fees grow, privacy will be priced out of Bitcoin's main chain."
@satoshilite: Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions. 🚀
@binance: An Introduction to Confidential Transactions Privacy in #Bitcoin is often overstated. Not only can coins be traced, but users can too. One upgrade proposed to make transactions truly private is Confidential Transactions. Learn more with @BinanceAcademy https://t.co/Hy0VNtzhF4
The Liquid Release Candidate Network is ready! Liquid offers traders the opportunity to rapidly, securely, and confidentially move bitcoins between member exchanges, with a transaction finality of less than 2 minutes using Confidential Transactions
@SatoshiLite: Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions. 🚀
If bitcoin adds confidential transactions (or any real privacy features, even on second layer) doesn't that undermine its only real argument against Monero?
There are several properties of money: one is that it is fungible, and another is that it is scarce. Arguably, we can't know if Monero is scarce, as you cannot have something that is simultaneously perfectly binding and perfectly hiding. Monero has opted towards perfectly hiding, and it largely counts on there not being an exploit that allows for unknown creation of coins. The current argument I see is: why would I want to put my savings in Monero when it may or may not be inflated without anyone knowing? I'd rather hold bitcoin because I know the maximum amount of bitcoin. But, bitcoin is supposedly going to add Confidential transactions, which uses zero knowledge proofs and breaks this perfectly binding feature it currently has. If bitcoin attempts to offer privacy on any level, such as adding CT, or even second layer solutions that are truly fungible, doesn't it become a bastardization where it is neither perfectly binding nor perfectly hiding? A second layer solution may not create more bitcoin ultimately, but it can inflate it on the second layer, and those can be used to suppress or inflate the price of real bitcoins, as well as causing loss of funds if you are holding your coin in a private matter while the exploit is fixed.
Auto Post from Bitcoin: We just released Liquid Network support for the Blockstream Green wallet! Send, receive, store L-BTC and any issued asset on the Liquid sidechain all while using Confidential Transactions & fast settlement times.
Differences to Bitcoin’s transaction flow. The key difference from Bitcoin is the addition of cryptographic privacy. Confidential Transactions differ in that the the amounts and types of asset transferred are visible only to participants in the transaction, and those they choose to reveal the blinding key to. What are Confidential Transactions? Last Updated: 30th October 2018. Conceived by former Bitcoin developer, Adam Back, a confidential transaction (CT) is a method of increasing the privacy of a transaction by homomorphically encrypting the inputs and outputs using a blinding factor. A blinding factor is simply a string of numbers that is used to encrypt the inputs and outputs of a Bitcoin ... Confidential Transactions. Confidential transactions (CT) is an entire system and concept, proposed by Greg Maxwell. Also known as Confidential Values, CT removes the amount 8-Byte amount field in bitcoin and instead implies the values instead through additively homomorphic commitments, using the commutative property of addition. Confidential Transactions improves the situation by making the transaction amounts private, while preserving the ability of the public network to verify that the ledger entries still add up. It does this without adding any new basic cryptographic assumptions to the Bitcoin system, and with a manageable level of overhead. Confidential transactions (CT) is a cryptographic protocol which results in the amount value of a transaction being encrypted. The encryption is special because it is still possible to verify that no bitcoins can been created or destroyed within a transaction but without revealing the exact transaction amounts.. Confidential transactions requires a softfork consensus change to be added to ...
Efficient Confidential Transactions Using Bulletproofs-Dan Boneh, Stanford University NEO DevCon 1
Ledn's first product, Bitcoin-backed loans, gives hodlers access to dollar liquidity without having to sell their bitcoin. This lets you keep the any potential appreciation in your precious bitcoin. Efficient Confidential Transactions Using Bulletproofs-Dan Boneh, Stanford University NEO DevCon 1 ... Bitcoin Halving, Stock news, BTC 2020, Crisis Chamath Palihapitiya 116,666 watching. Greg Maxwell explains new features enabled by Elements sidechains: Confidential Transactions, Issued Assets, Strong Federations and the two-way peg. (Recorded in 2015) Bitcoin HODLers will Spend in Litecoin for Confidential Transactions! (Bix Weir) Confidential Transactions more efficient Jimmy challenges Ramit to a bet Mempool starting to clear China bans power for Bitcoin mining? Bitcoin Cash has new difficulty adjustment algorithm Bitcoin ...