Ok, so here's a #privacy question:
Imagine you're buying #BTC KYCed over an exchange supporting LN. Is there any chance for them to know where the funds went when you deposit it to your own #lightning node and loop out (let's say after a random amount of blocks via several randomly sized transactions) to your cold wallet? My understanding says no because of the onion-routing style transactions but I want more opinions on this.
Would sending part (or all) of the amount further to a second #LN node and looping out from there (either partly or fully) increase your privacy or is that negligible?
Is the trace sufficiently lost after exchange -> node1 -> loop out or can you increase it after another transaction as in exchange -> node1 -> node2 -> loop out.
#plebchain #noobstr #KYC
yodatravels / YODA travels
npub1vl…cs9rd
2023-08-22 12:40:47
Author Public Key
npub1vl4hymmmhr33vsvv63k059cdtqp5teg6m0qcd78h4gx58qzhjdgq7cs9rdPublished at
2023-08-22 12:40:47Event JSON
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"content": "Ok, so here's a #privacy question:\n\nImagine you're buying #BTC KYCed over an exchange supporting LN. Is there any chance for them to know where the funds went when you deposit it to your own #lightning node and loop out (let's say after a random amount of blocks via several randomly sized transactions) to your cold wallet? My understanding says no because of the onion-routing style transactions but I want more opinions on this.\nWould sending part (or all) of the amount further to a second #LN node and looping out from there (either partly or fully) increase your privacy or is that negligible? \nIs the trace sufficiently lost after exchange -\u003e node1 -\u003e loop out or can you increase it after another transaction as in exchange -\u003e node1 -\u003e node2 -\u003e loop out.\n\n#plebchain #noobstr #KYC",
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