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September 29, 2026, 04:42:49 PM *
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Author Topic: Can Bitcoin actually get private transactions without a fork?  (Read 469 times)
ABCbits
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Today at 07:50:26 AM
 #41

People who want privacy can use Monero, or creating their privacy coins by forking Monero, Zcash, or if they want to make noise: forking from Bitcoin and make technical changes.

They don't even have to leave Bitcoin to have some privacy. CoinJoin and mixer available if you prefer on-chain layer. Liquid network (one on Bitcoin side-chain/L2) also exist, although it's federated (not decentralized) and recently hacked.

--snip--
That reminds me, one problem I think the shielded pool has (and Zcash may have had) is chain analysis firms being able to label funds coming out of it as “tainted,” which means that people with clean histories won’t want to use it, which means a smaller anonymity set.

Regardless of what blockchain analysis service treat output/address that use privacy feature, the percentage of shielded ZEC coin increased over time. https://zecscope.com/charts/transparent-vs-shielded show today's percentage is about 29.1%, while 5 years ago it's only about 7.8%.

ObeyKnock
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Today at 08:40:02 AM
 #42

today's percentage is about 29.1%, while 5 years ago it's only about 7.8%.

Yes, the anonymity set did grow, which is cool regardless of cause. But an alternative explanation for this uptick is that NU5 was released in May of 2022, coincidentally at the beginning of the 5 year window you're looking at, which included Unified Addresses. With this release many wallets, such as Zashi, started shielding transactions by default.

It may have been that "people don't care about the taint label." But I suspect that a lot of that growth, from 7.8% to 29.1%, can be explained by "most people don't bother changing their wallet's default."

If you look at the percentage of shielded transactions since NU5 and see a continued, consistent increase in percentage after the initial NU5 bump, then that would be indicative of people caring less about tainted coins.
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