Amir Taaki Knocks Bitcoin Coinjoin Schemes - Calls Methods 'Absolute Garbage'
featured

Amir Taaki Knocks Bitcoin Coinjoin Schemes - Calls Methods 'Absolute Garbage'

THELOGICALINDIAN - On July 17 the able-bodied accepted Dark Wallet architect and aboriginal Bitcoin developer Amir Taaki criticized bitcoin aloofness methods on Twitter Taaki claimed that UTXO bond concepts like Coinjoin were complete debris Taaki additionally agape added concepts like Mimblewimble and privacycentric bill like monero as able-bodied claiming that zeroknowledge accumulators will be the bearding gold accepted activity forward

Certain methods of privacy-enhancing and transaction obfuscation like Coinjoin were afresh criticized by the aboriginal Bitcoin (BTC) developer Amir Taaki. The software architect created the Dark Wallet appliance with Defense Distributed’s architect Cody Wilson years ago but abolished for a while.

More recently, Taaki has alternate to the crypto community, at atomic vocally, and he has fabricated a cardinal of analytical animadversion back then. His statement on Friday was no different, as Taaki tweeted about bitcoin aloofness methods and said:

In accession to Taaki’s statement, two canicule after Riccardo Spagni from Monero criticized the Zcash activity with a cheep about addition allegedly archetype a z-address to a z-address transaction. An alone was evidently able to trace it aback to the aboriginal t-address. Zcash architect Zooko Wilcox-O’Hearn batten up about the criticism on Twitter in a alternation of tweets.

“People anticipate that you should *store* your crypto in a cellophane blockchain like BTC, ETH, or Zcash t-addresses, and again “move it through” article like a mixer, Tornado, or Monero back you appetite to “anonymize” it— That’s backwards,” Zooko said.

“If you appetite privacy, you accept to *store* your crypto in a clandestine cryptosystem. You accept to *store* your crypto in a clandestine cryptosystem (such as the Zcash cloistral pool) if you appetite privacy. Then it is safe to *move* it through a cellophane system,” the Zcash architect added.

The arrangement aloof beneath Taaki’s “gold standard” method, alleged Lelantus is an addendum of the Zerocoin protocol. According to the white paper, Lelantus “extends the aboriginal Zerocoin functionality to abutment arcane transactions, while additionally decidedly convalescent on the agreement performance— Lelantus’ affidavit sizes are about 17 times abate compared to the aboriginal Zerocoin affidavit sizes.”

Similar to Lelantus, zero-knowledge accumulators or crypto accumulators are lesser-known forms of aloofness schemes. The aegis and cryptography able Aurélien Nicolas explained how zero-knowledge accumulators assignment in a absolute technical blog post about the accountable aback in January 2018.

“There is a lesser-known address on the crypto-developer’s apparatus belt,” Nicolas wrote. “A cryptographic accumulator is a archaic with several alien backdrop that can be acclimated to body assorted zero-knowledge affidavit systems.” The cryptographer additionally stated:

In the Twitter cilia with Amir Taaki, the belled abandon apostle and video banderole Naomi Brockwell asked the architect about the Bitcoin Cash bond adjustment Cashfusion. “What about Cashfusion area the outputs are not uniform?” Brockwell tweeted.

Taaki did not acknowledge to Brockwell’s question, but Bitcoin ABC’s Amaury Séchet (deadalnix) answered the question. “By that metric, I’d say garbage. It is acutely bigger than complete garbage, but doesn’t absolutely admeasurement to worthless,” Séchet tweeted in acknowledgment to Brockwell’s question.

Taaki’s Coinjoin criticism follows the contempo Twitter drudge fiasco and the blockchain surveillance close Egg-shaped claims the Twitter hacker leveraged a Wasabi Wallet. Egg-shaped acclaimed on July 17, that the aggregation doubtable a atom of BTC from aftermost week’s Twitter betray was transferred to a Wasabi Wallet.

According to the crypto-financial columnist Leigh Cuen, the co-CEO of Zksnacks (Wasabi Wallet’s ancestor company), Bálint Harmat, told the reporter: “We took a quick attending at the addresses. They are not accompanying to Wasabi Coinjoins as of now.”

What do you anticipate about Amir Taaki’s Coinjoin criticism? Let us apperceive what you anticipate about this accountable in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons