Super Testnet on Nostr: "FCMP fixes most of this" Lightning is already ahead of monero on privacy tech. If ...

"FCMP fixes most of this"

Lightning is already ahead of monero on privacy tech. If they eventually get around to adding support for FCMP (next year? year after?) I look forward to find out if FCMP even does what it claims to do.

But even if it does, it will still be worse than lightning.

FCMP accomplishes a similar goal as lightning (make the payment info look like something *anyone* could have made -- LN does this by making it an indecipherable encrypted blob, FCMP does this via a much larger zero knowledge proof).

But FCMP's method is much less efficient way. Not just because it uses a far greater number of bytes, but also because every payment goes on the blockchain, and you have to *pay for* all of those bytes. It costs a far greater amount of money to use FCMP than it costs to use lightning, and for all that cost, the effect you get is roughly the same: people can't tell who sent the payment anymore.

Lightning is better than FCMP.

quoting
nevent1q…44dr

Although he doesn't present the tradeoffs in a good way
I do appreciate STN calling attention to the inherently difficult task of concealing data that appears publicly on a blockchain.

and yes
FCMP fixes most of this.

in the meantime you can churn your XMR a hop or two (randomly!).
and use proxies/ephemeral nodes on LN to improve your privacy.

on a side note,
FCMP and other protocol upgrades are only possible AT ALL
because the culture around the project will accept a hard fork.

so.
maxis can suck it.

nevent1q…u5s0