Can we do one for LTC please? Arguably more private
this post was submitted on 23 Sep 2024
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BCH is a better option IMO, they have CashFusion which is a very advanced coin-join which gives you almost Monero level privacy. https://bchfaq.com/knowledge-base/what-is-cashfusion/
MW on LTC requires the other party to also participate, something which exchanges and most people will never do. I used to use LTC but have found BCH to be a better option with more potential in the future as the community is very active.
You can just create two different accounts, both with MW on LTC and pass coins between them to break the chain. But yes you're right, I wish it was opt-out instead of opt-in
So on the other end you will get fresh coins with no history? How does it actually work?
I do not know the specifics of how MimbleWimble works, but like XMR, transaction history and metadata is no longer public. Your trace of coins are effectively evaporated when you move coins over MW to another wallet from your "compromised" wallet, and from there you convert to XMR/move to another LTC wallet and pay merchants who accept LTC without MW. Obviously, basic OPSEC is expected but other than that the technology is supposed to work fairly well.
You could also do a swap like LTC->XMR->LTC and spend it that way, losing some money in the process but soothing paranoia in return
If that is how it works then the best way to use it would be to keep a pool of LTC that went through MW then spend from it. You do not want to MW a specific amount then immediately move that same amount to somewhere. Because the receiving party could possibly determine the origin before the MW pass-through just based on the amount.
MW smells too much like ZEC. Opt-out should be the default. If you're here, you probably know this, but what can we do? It's baked into that shit.
great job, thank you
Very cool. Would try it but I do not have or want BTC 😆
Hopefully there is a BCH version coming next 👀
Also agreed. Having atomic swaps for BCH, LTC (MimbleWimble), and ETH would be fantastic. IMO, we don't need liquidity pools if we could have a simple UI that would allow us to say "I have 30 LTC to convert to XMR" and it allows you to divide up your 30 LTC into several XMR offers and then press "start" to execute the batch process. Sure you might only be able to convert 29.3 LTC to XMR using this method, but it would be completely peer to peer and could be done without the need for an arbitrator or liquidity pools or (if it's loaded into wallets) any separate software like Haveno that you have run on your computer. It would also allow someone to convert large quantities of one crypto into another safely without arbitrators. And if I'm not mistaken, the trade could be done in parallel so making a trade of 50 smaller exchanges would not be significantly longer than a single trade.
agreed, love BCH<->XMR