Citadel Dispatch CD179: SETH FOR PRIVACY QUARTERLY UPDATE
Sep 26, 2025
Seth, Vice President at Cake Wallet and privacy advocate, dives into the latest in digital privacy innovations. He introduces Cupcake, a groundbreaking offline signer that transforms old devices into secure custody tools. The discussion covers the implications of recent CoinJoin arrests, the importance of multisig functionality, and the contrasting privacy features of Monero compared to Bitcoin. Seth also evaluates the evolution of lightning integration in Cake Wallet, exploring both security and user experience challenges in this rapidly changing landscape.
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Mempool Shirt Timing And Samurai Context
- Seth wore a mempool-themed pillow backdrop on the road and missed his usual setup at home.
- The Whirlpool/Whirlpool-shirt timing coincided with Samurai arrests and made the shirt more meaningful.
Coordinator Trust Drives CoinJoin Risk
- Coordinator-based CoinJoin (Ashigaru/Samourai) requires trust in coordinators and reputation matters.
- Anonymous coordinators can be fine once they prove multi-year reliability, but new pools lack that reputation.
Frozen Funds Experience With Wasabi
- Seth saw multiple instances of frozen funds after using Wasabi post-ZK Snacks coordinator changes.
- He contrasted this with years of using Samurai funds without frozen outcomes and found Wasabi's behavior surprising.