Title: Solving the user surveillance problem, Any existing BIPs or projects? Post by: garyiskidding on June 24, 2018, 07:56:52 AM Greetings,
Given that most new users use Bitcoin/altcoin centralized exchanges, and as a result, have to give into the regulatory requirements that are imposed by the local governments on those exchanges by the means of KYC etc - Are there are first layer solutions that are in the works or any existing/proposed Bitcoin Improvement Proposals that solve for this user surveillance problem at the first layer itself? I am a crypto entrepreneur who has some ideas on solving these on the first "application" layer (like wallets/exchanges etc), but want to understand if there are any existing projects or Bitcoin improvement proposals that aim to solve it "natively" within Bitcoin's first layer itself. Cheers. Gaurav Title: Re: Solving the user surveillance problem, Any existing BIPs or projects? Post by: HeRetiK on June 24, 2018, 10:13:08 AM CoinJoin in conjunction with Schnorr signatures. At least as far as I'm aware of it, CoinJoin doesn't require any additional protocol layers on top of Bitcoin. Be aware that Schnorr signatures still seem to be a couple of years out though.
Schnorr signatures: https://bitcointechtalk.com/scaling-bitcoin-schnorr-signatures-abe3b5c275d1 CoinJoin: https://bitcointalk.org/index.php?topic=279249 Title: Re: Solving the user surveillance problem, Any existing BIPs or projects? Post by: garyiskidding on June 24, 2018, 10:45:06 AM Thanks a lot for your quick reply. Let me take a look at these.
CoinJoin in conjunction with Schnorr signatures. At least as far as I'm aware of it, CoinJoin doesn't require any additional protocol layers on top of Bitcoin. Be aware that Schnorr signatures still seem to be a couple of years out though. Schnorr signatures: https://bitcointechtalk.com/scaling-bitcoin-schnorr-signatures-abe3b5c275d1 CoinJoin: https://bitcointalk.org/index.php?topic=279249 Title: Re: Solving the user surveillance problem, Any existing BIPs or projects? Post by: Kakmakr on June 25, 2018, 07:15:03 AM Why do you need to use first layer solutions if you could just use decentralized exchanges? These exchanges does not require all the KYC/AML bullshit that the regulated exchanges enforce and you can trade without any problems.
Here is a list of some of the best decentralized exchanges that you can use : < I use Bisq with no problems, it requires no name, email ID or verification.> https://coinsutra.com/best-decentralized-exchanges-dex/ Title: Re: Solving the user surveillance problem, Any existing BIPs or projects? Post by: garyiskidding on June 25, 2018, 07:39:53 AM Thanks.
I am trying to do some ground work into trying to create a new DEX . I have been using, following Bisq for a while now and feel that we need a solution that brings DEX to common users, and is easier to use. I do like the core architecture and the principles on which Bisq operates tough. -Gaurav Why do you need to use first layer solutions if you could just use decentralized exchanges? These exchanges does not require all the KYC/AML bullshit that the regulated exchanges enforce and you can trade without any problems. Here is a list of some of the best decentralized exchanges that you can use : < I use Bisq with no problems, it requires no name, email ID or verification.> https://coinsutra.com/best-decentralized-exchanges-dex/ Title: Re: Solving the user surveillance problem, Any existing BIPs or projects? Post by: garyiskidding on June 25, 2018, 07:47:50 AM Thanks, Will take a look at these as well.
The DEX that i plan to build has to be easy to use, without compromising on data security, user privacy and/or tracking. -Gaurav There are another project/BIP such as MAST : https://bitcointechtalk.com/what-is-a-bitcoin-merklized-abstract-syntax-tree-mast-33fdf2da5e2f?source=collection_home---4------6---------------- (https://bitcointechtalk.com/what-is-a-bitcoin-merklized-abstract-syntax-tree-mast-33fdf2da5e2f?source=collection_home---4------6----------------) Confidential Transaction : https://eprint.iacr.org/2015/1098.pdf (https://eprint.iacr.org/2015/1098.pdf) Mimblewimble : https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001/ (https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001/) MAST might be ready few years, while 2 others might never implemented on Bitcoin. Why do you need to use first layer solutions if you could just use decentralized exchanges? These exchanges does not require all the KYC/AML bullshit that the regulated exchanges enforce and you can trade without any problems. Here is a list of some of the best decentralized exchanges that you can use : < I use Bisq with no problems, it requires no name, email ID or verification.> https://coinsutra.com/best-decentralized-exchanges-dex/ Even if you don't use centralized exchange/services, there are ways to track bitcoin users if the user isn't being careful. Title: Re: Solving the user surveillance problem, Any existing BIPs or projects? Post by: HeRetiK on June 25, 2018, 08:54:45 AM There are another project/BIP such as MAST : https://bitcointechtalk.com/what-is-a-bitcoin-merklized-abstract-syntax-tree-mast-33fdf2da5e2f?source=collection_home---4------6---------------- (https://bitcointechtalk.com/what-is-a-bitcoin-merklized-abstract-syntax-tree-mast-33fdf2da5e2f?source=collection_home---4------6----------------) Confidential Transaction : https://eprint.iacr.org/2015/1098.pdf (https://eprint.iacr.org/2015/1098.pdf) Mimblewimble : https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001/ (https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001/) MAST might be ready few years, while 2 others might never implemented on Bitcoin. LN also can improve user's privacy even though i forget the details. But if you really need privacy/anonymity, i suggest you to use private/fungible cryptocurrency such as Monero. Yes, from the looks of it MimbleWimble is more likely to become a cryptocurrency in its own right, rather than becoming an integral part of Bitcoin as initially hoped for: https://www.coindesk.com/magical-realism-mimblewimble-just-launched-first-testnet/ Regardless of that MimbleWimble has a very interesting approach at preserving privacy, so it's definitely a project worth keeping an eye on. Come to think of it, there's also Bulletproofs: https://www.coindesk.com/aim-fire-bulletproofs-breakthrough-privacy-blockchains/ https://eprint.iacr.org/2017/1066.pdf As far as I know it's not quite clear yet whether these kind of transactions will actually become part of Bitcoin though. Title: Re: Solving the user surveillance problem, Any existing BIPs or projects? Post by: garyiskidding on June 25, 2018, 09:02:34 AM thanks for your help.
At this point, any complementing idea that preserves user identity and data security is a great factor for my project. Would look at all of these options and check on how many of these would work into a DEX design. Cheers -Gaurav There are another project/BIP such as MAST : https://bitcointechtalk.com/what-is-a-bitcoin-merklized-abstract-syntax-tree-mast-33fdf2da5e2f?source=collection_home---4------6---------------- (https://bitcointechtalk.com/what-is-a-bitcoin-merklized-abstract-syntax-tree-mast-33fdf2da5e2f?source=collection_home---4------6----------------) Confidential Transaction : https://eprint.iacr.org/2015/1098.pdf (https://eprint.iacr.org/2015/1098.pdf) Mimblewimble : https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001/ (https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001/) MAST might be ready few years, while 2 others might never implemented on Bitcoin. LN also can improve user's privacy even though i forget the details. But if you really need privacy/anonymity, i suggest you to use private/fungible cryptocurrency such as Monero. Yes, from the looks of it MimbleWimble is more likely to become a cryptocurrency in its own right, rather than becoming an integral part of Bitcoin as initially hoped for: https://www.coindesk.com/magical-realism-mimblewimble-just-launched-first-testnet/ Regardless of that MimbleWimble has a very interesting approach at preserving privacy, so it's definitely a project worth keeping an eye on. Come to think of it, there's also Bulletproofs: https://www.coindesk.com/aim-fire-bulletproofs-breakthrough-privacy-blockchains/ https://eprint.iacr.org/2017/1066.pdf As far as I know it's not quite clear yet whether these kind of transactions will actually become part of Bitcoin though. |