Reassessing Your Privacy Plan | The Confab 03: Urban Hacker
Ungovernable Misfits
Privacy Concerns and the Future of Bitcoin
The chapter explores the disappearance of privacy tools in the Bitcoin space, raising concerns about the impact on users' privacy and freedom. The speakers highlight the risks of using public blockchains and share practical advice on ensuring privacy and security in Bitcoin transactions, including running your own node and utilizing specific software and hardware wallets for enhanced protection.
The informal, privacy focused and clandestine nature of Ungovernable Misfits lends itself to these discussions. So, grab a seat and a stiff drink from the concealed bar, listen and revel in the conversation.
On this episode, Urban Hacker drops-in to speak with Max
Show Discussion
I. The Importance of Privacy in Bitcoin
A. Explanation of Bitcoin's transparent nature and UTXO model
B. Risks of public transaction history
1. Physical security risks from revealing wealth
2. Liability for others' misuse of your Bitcoin
C. Comparison to privacy in traditional financial systems
II. The Loss of Privacy Tools
A. The shutdown of Samourai Wallet, Whirlpool, and Wasabi
B. Expressing concern over the lack of pushback and people cheering the loss of these tools
C. Acknowledging the bravery of the developers who were arrested
III. Advice for Users Affected by the Loss of Privacy Tools
A. Recommendations for users with funds in Samourai Wallet
1. Do not panic, funds are safe
2. Disable auto-update, consider restoring to a new device
3. Prioritize using your own Dojo or setting up a new node
B. Discussing the privacy implications of using Wasabi going forward
1. Technical limitations and centralization concerns
2. Potential for further shutdowns
IV. Exploring Alternative Privacy Solutions
A. JoinMarket
1. How it works, maker-taker model
2. Challenges around liquidity and fixed denominations
3. Potential for collaborative setups
B. Using Monero
1. Benefits of Monero's privacy-by-default approach
2. Considerations around KYC, exchange interactions, and node operation
3. Recommendations for using Monero as a spending tool
V. Call to Action and Closing
A. Encouraging people to take privacy seriously and not give up
B. Highlighting the importance of running your own node
C. Offering help and consulting services from the guest, Urban Hacker
D. Wrap-up and appreciation for the guest's time and insights
LOOKING FOR A CYBER SECURITY CONSULT?
Visit Urban's website https://urbanhacker.net/cybersecurity/ to book a free 30 minute call!
IMPORTANT LINKS
- https://freesamourai.com
- https://p2prights.org/donate.html
- https://www.courtlistener.com/docket/68467223/united-states-v-rodriguez/
- https://x.com/frankcorva/status/1795509090946363682
SHOW SPONSORS
FOUNDATION (https://foundationdevices.com/ungovernable)
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.
As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”
Thank you Foundation Devices for sponsoring the show.
Use code: Ungovernable at check out for 3 months free VPN usage with IVPN.
Thanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.
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TALENT:
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TREASURE:
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(00:00:00) INTRO 🔥
(00:01:56) DONATE TO THE SAMOURAI LEGAL FUND 💰
(00:02:44) ⚡ BOOSTS ⚡
(00:04:59) THANK YOU FOUNDATION DEVICES 🤝
(00:06:09) Shit Hits The Fan 💩
(00:11:37) Back to the Privacy Drawing Board
(00:14:44) UTXO's Can Stalk You
(00:20:50) The Servers Were Shut Down, DO NOT PANIC
(00:27:02) Plan to Run Your Own Node
(00:31:00) So, You're Ready to Spend Again...
(00:39:46) "Wasabi, which I don't like"
(00:44:55) What About Join Market?
(00:51:48) Whirlpool Was So Easy
(00:57:33) Monero Swaps
(01:08:14) If You're Selling Jerky Online, Then Monero Will Work For You
(01:14:33) Urban Hacker: Privacy Consultant 📞
(01:17:31) Provide Node Services for Those You Trust
(01:20:17) "Whenever I think of beef tallow, I think of you"
(01:22:41) Dark Times, But Press On 🫡
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