Mike Hearn [ARCHIVE] on Nostr: 📅 Original date posted:2012-12-03 📝 Original message:> Perhaps it could be ...
📅 Original date posted:2012-12-03
📝 Original message:> Perhaps it could be improved by cleaning up dust from any address by default
> (not just ones already included in the tx), with the option for the user to
> disable that behavior. After all, anonymity was never a core feature of the
> network
It's cool that Armory already does this. I never had time to implement
good coin selection for bitcoinj :(
Just a couple of points: as this is primarily a side effect of
SatoshiDice, and a successful payment protocol will stop them doing
it, code put in place to do temporary cleanup now probably won't
seriously affect peoples privacy over the long term. Most people
aren't going to end up with lots of tiny outputs.
Second thing, it's best to carefully separate "anonymity" from
"privacy". Privacy is supposed to be a feature of the system (it says
so in Satoshis paper) because people demand it. If I loan a tenner to
my friend and he is able to find out what I earned last month, then
that trade was neither anonymous nor private. In this case I want
privacy but anonymity isn't useful. Mixing up anonymity with privacy
is not only a public relations problem, but can lead to confusion from
users when they, eg, try and buy Bitcoins from an exchange and are
asked to provide ID proofs.
Published at
2023-06-07 10:44:45Event JSON
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"content": "📅 Original date posted:2012-12-03\n📝 Original message:\u003e Perhaps it could be improved by cleaning up dust from any address by default\n\u003e (not just ones already included in the tx), with the option for the user to\n\u003e disable that behavior. After all, anonymity was never a core feature of the\n\u003e network\n\nIt's cool that Armory already does this. I never had time to implement\ngood coin selection for bitcoinj :(\n\nJust a couple of points: as this is primarily a side effect of\nSatoshiDice, and a successful payment protocol will stop them doing\nit, code put in place to do temporary cleanup now probably won't\nseriously affect peoples privacy over the long term. Most people\naren't going to end up with lots of tiny outputs.\n\nSecond thing, it's best to carefully separate \"anonymity\" from\n\"privacy\". Privacy is supposed to be a feature of the system (it says\nso in Satoshis paper) because people demand it. If I loan a tenner to\nmy friend and he is able to find out what I earned last month, then\nthat trade was neither anonymous nor private. In this case I want\nprivacy but anonymity isn't useful. Mixing up anonymity with privacy\nis not only a public relations problem, but can lead to confusion from\nusers when they, eg, try and buy Bitcoins from an exchange and are\nasked to provide ID proofs.",
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