[bitcoin-dev] Taproot NACK

Ariel Lorenzo-Luaces arielluaces at gmail.com
Sun Feb 28 13:07:21 UTC 2021


Hello LORD HIS EXCELLENCY JAMES HRMH

I find a striking dichotomy between your concern of increased privacy in bitcoin and your link to a bitcoin mixer in your signature www.go-overt.com

At first your concerns seemed genuine but after seeing your promotion of a bitcoin mixer I'm thinking your concerns may be more profit motivated? I can't tell since you failed to disclose your relationship with the mixer.

Could you please clarify your association with the bitcoin mixer and moving forward could you please always do proper disclosure any time you're publically talking about bitcoin transaction privacy. It's only fair to do so as to not mislead people in an attempt to manipulate at worst and just a courteous practice at best.

Cheers
Ariel Lorenzo-Luaces


On Feb 28, 2021, 4:36 AM, at 4:36 AM, LORD HIS EXCELLENCY JAMES HRMH via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote:
>Good Evening,
>
>Thank-you for your advice @JeremyRubin<https://twitter.com/JeremyRubin>
>on the basis you advise, "Taproot does not enable monero-like privacy
>features", I am prepred to withdraw my NACK notably that the existing
>feeatures of Bitcoin MUST be maintained, and whereby the UTXO of a
>transaction is identifiable, the PayTo Address, and the amount all
>without any obfuscation.
>
>Lightning does not really provide obfuscation, it provides a result of
>a subset of transactions although the operation of the channel is
>observable to the parties.
>
>The reports I were reading concerning the supposed operation of Taproot
>published in a public media channel may have been speculation or
>misinformation nonetheless it is prudent to conditionally reply as you
>see that I have. It is important not to allow things to slip through
>the cracks. As you may believe may astute reviewers could make a full
>disclosure to this list it is not to be expected.
>
>KING JAMES HRMH
>Great British Empire
>
>Regards,
>The Australian
>LORD HIS EXCELLENCY JAMES HRMH (& HMRH)
>of Hougun Manor & Glencoe & British Empire
>MR. Damian A. James Williamson
>Wills
>
>et al.
>
>
>Willtech
>www.willtech.com.au<mail://local/Sent/www.willtech.com.au>
>www.go-overt.com<mail://local/Sent/www.go-overt.com>
>and other projects
>
>earn.com/willtech
>linkedin.com/in/damianwilliamson
>
>
>m. 0487135719
>f. +61261470192
>
>
>This email does not constitute a general advice. Please disregard this
>email if misdelivered.
>________________________________
>From: Jeremy <jlrubin at mit.edu>
>Sent: Sunday, 28 February 2021 3:14 AM
>To: LORD HIS EXCELLENCY JAMES HRMH <willtech at live.com.au>; Bitcoin
>Protocol Discussion <bitcoin-dev at lists.linuxfoundation.org>
>Subject: Re: [bitcoin-dev] Taproot NACK
>
>I have good news for you: Taproot does not enable monero-like privacy
>features any moreso than already exist in Bitcoin today. At its core,
>taproot is a way to make transactions with embedded smart contracts
>less expensive, done so in a manner that may marginally improve privacy
>dependent on user behavior (but not in the monero-like way you
>mention). For example, it makes it possible for lightning channels to
>look structurally similar to single key wallets, but it does nothing
>inherently to obfuscate the transaction graph as in monero.
>
>Such "monero-like" transaction graph obfuscation may already exist in
>Bitcoin via other techniques (coinjoin, payjoin, coinswap, lightning,
>etc) with or without Taproot, so the point is further moot.
>
>Do you have a source on your reporting?
>
>You may wish to rescind your nack.
>
>
>--
>@JeremyRubin<https://twitter.com/JeremyRubin><https://twitter.com/JeremyRubin>
>
>
>On Sat, Feb 27, 2021 at 5:46 AM LORD HIS EXCELLENCY JAMES HRMH via
>bitcoin-dev
><bitcoin-dev at lists.linuxfoundation.org<mailto:bitcoin-dev at lists.linuxfoundation.org>>
>wrote:
>Good Afternoon,
>
>It has been reported that Taproot will enable some Monero like features
>including the ability to hide transactions.
>
>If that is the case I offer a full NACK and let me explain.
>
>A part of the benefit of using Bitcoin is its honesty. The full
>transaction is published on the blockchain. If that were to change so
>that transactions may be obfuscated from scrutiny then any government
>would have unlimited impetus to ban Bitcoin, and speculation has that
>is the reason India has been reported to have banned cryptocurrencies
>already.
>
>I am in support of the expanded use case of Bitcoin without harming the
>established robust fairness and equal equity offered. The core
>functionality of Bitcoin, its values, must remain unaltered.
>
>KING JAMES HRMH
>Great British Empire
>
>Regards,
>The Australian
>LORD HIS EXCELLENCY JAMES HRMH (& HMRH)
>of Hougun Manor & Glencoe & British Empire
>MR. Damian A. James Williamson
>Wills
>
>et al.
>
>
>Willtech
>www.willtech.com.au<http://www.willtech.com.au>
>www.go-overt.com<http://www.go-overt.com>
>and other projects
>
>earn.com/willtech<http://earn.com/willtech>
>linkedin.com/in/damianwilliamson<http://linkedin.com/in/damianwilliamson>
>
>
>m. 0487135719
>f. +61261470192
>
>
>This email does not constitute a general advice. Please disregard this
>email if misdelivered.
>_______________________________________________
>bitcoin-dev mailing list
>bitcoin-dev at lists.linuxfoundation.org<mailto:bitcoin-dev at lists.linuxfoundation.org>
>https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
>------------------------------------------------------------------------
>
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