• ReversalHatchery@beehaw.org
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    2 days ago

    oh is it basically opt-in privacy then, like with zcash? where if you opt in to privacy you immediately become suspicious

    • CashDragon@realbitcoin.cashOP
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      1 day ago

      No, it is privacy by default. You lock your BCH and mint the privacy token then all your activities are private from that point.

      This is the same as taking your fiat or another coin and buying Monero, after which your activities are private. So the same suspicion exists when you go from a non-private asset to a private one.

      • ReversalHatchery@beehaw.org
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        1 day ago

        No, it is privacy by default. You lock your BCH and mint the privacy token then all your activities are private from that point.

        aaand since using the privacy token is optional, from the point I’m making qnd using it I’m suspicious.

        it is only private by default if you wouldn’t need to convert/wrap/whatever BCH itself. those doing the conversion will stick out

        This is the same as taking your fiat or another coin and buying Monero, after which your activities are private. So the same suspicion exists when you go from a non-private asset to a private one.

        maybe I misunderstood something, but it sounded like you need to unlock the BCH to sendbit to someone. is that wrong?

        • CashDragon@realbitcoin.cashOP
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          1 day ago

          Well it is a bit too early to know exactly how it would work in detail.

          The gist is that you could buy BCH then lock it in a contract and mint the private token then use that in a private fashion. So if you spend it with someone then you would lose control over the BCH you locked up and that person who now holds the private token can unlock the BCH and burn the token or just keep the token.