Seth for Privacy breaks down the Samurai Wallet legal case, Bitcoin's current privacy limitations, and solutions like Silent Payments and Payjoin V2. He discusses the government's attack on privacy tools and why Monero offers better privacy by default.
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Seth for Privacy, VP at Cake Wallet, joins us to discuss the ongoing Samurai Wallet legal case and its implications for Bitcoin privacy. Seth explains how the DOJ's prosecution of Samurai developers threatens the entire crypto privacy landscape, despite FinCEN's admission that self-custodial wallets shouldn't be regulated as money services. He breaks down Bitcoin's current privacy limitations, highlighting promising technologies like Silent Payments and Payjoin V2, while candidly addressing why Monero offers superior privacy by design. Are we re-living through the same cryptography battle we fought in the 90s?
Follow our guests: @Sethforprivacy
Notes:
- Samurai indicted April 24, 2024, despite self-custody
- 98% conviction rate in Southern District of NY
- DOJ hid key FinCEN evidence from defense
- Silent Payments gives one reusable static address
- Payjoin V2 coming to Cake Wallet this week
- Bitcoin privacy tools fighting transparent design
Timestamps
00:00 Start
01:04 Samurai wallet legal case
06:30 Jurisdiction & charges
11:59 How significant is this case?
16:28 Arch Network
17:00 Current privacy on BTC
19:47 Silent payments
21:54 Payjoin V2
24:43 Privacy tech limits of BTC
27:42 Privacy soft forks
32:51 Future of oh-chain privacy
37:31 OP_RETURN debate
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