You pretty much get it. It's the fact that zero knowledge proofs are younger.
I also do think a lot about how a privacy token could work while having verifiable supply. The best option I've thought of so far would work like this:
There are no UTXOs, every unit of the currency has a keypair.
Every time there's a new block, every keypair changes based on seeds.
To send a transaction, you say to a network node "here's an encrypted message with moneys in it for a certain pubkey"
To confirm a transaction, the recipient says to the network "here are some moneys and their old keys and some new keys for them to change to"
To retain anonymity, the sender and recipient can also listen for other network nodes sending the same kind of messages, and they can all mix in fake spam messages without blocking each other for it, within reason. You can also just pay a transaction fee to manually cycle your seeds now and then, or to cycle additional seeds other than the ones you're sending or receiving every time you send or receive any.
I'm kinda retarded and sometimes miss obvious flaws in my ideas but I'm pretty sure this would work or is close to something that would
whoever relays stuff 🇵🇸🏴☠️🇺🇲
npub1wam…u3l2
2024-06-23 14:30:31
in reply to nevent1q…26wy
Author Public Key
npub1wamvxt2tr50ghu4fdw47ksadnt0p277nv0vfhplmv0n0z3243zyq26u3l2Seen on
wss://relay.noswhere.comPublished at
2024-06-23 14:30:31Event JSON
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"created_at": 1719145831,
"kind": 1,
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"content": "You pretty much get it. It's the fact that zero knowledge proofs are younger.\n\nI also do think a lot about how a privacy token could work while having verifiable supply. The best option I've thought of so far would work like this:\n\nThere are no UTXOs, every unit of the currency has a keypair.\n\nEvery time there's a new block, every keypair changes based on seeds.\n\nTo send a transaction, you say to a network node \"here's an encrypted message with moneys in it for a certain pubkey\"\n\nTo confirm a transaction, the recipient says to the network \"here are some moneys and their old keys and some new keys for them to change to\" \n\nTo retain anonymity, the sender and recipient can also listen for other network nodes sending the same kind of messages, and they can all mix in fake spam messages without blocking each other for it, within reason. You can also just pay a transaction fee to manually cycle your seeds now and then, or to cycle additional seeds other than the ones you're sending or receiving every time you send or receive any.\n\nI'm kinda retarded and sometimes miss obvious flaws in my ideas but I'm pretty sure this would work or is close to something that would",
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