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  <updated>2026-05-16T05:24:18Z</updated>
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  <title>Nostr notes by MAGIC INTERNET MONEY</title>
  <author>
    <name>MAGIC INTERNET MONEY</name>
  </author>
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  <entry>
    <id>https://njump.me/nevent1qqs07fqqfxxn97dgqt7en6mxgh2atn4d9xzuxpclcdxy05xv05umeuszyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda57u9era8</id>
    
      <title type="html">&amp;#34;Privacy is a behavior not a token&amp;#34; is a slogan, not an ...</title>
    
    <link rel="alternate" href="https://njump.me/nevent1qqs07fqqfxxn97dgqt7en6mxgh2atn4d9xzuxpclcdxy05xv05umeuszyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda57u9era8" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqsxksv6gc67xn2gg7ezm7df3h09uz2dx0cxdtxd242cngsdakn3d9spzamhxue69uhky6t5vdhkjmn9wgh8xmmrd9skctcayst2q&#39;&gt;nevent1q…st2q&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;&amp;#34;Privacy is a behavior not a token&amp;#34; is a slogan, not an argument. Behaviors run on protocols. The protocol either gives you privacy or it doesn&amp;#39;t.&lt;br/&gt;&lt;br/&gt;BTC &#43; Lightning &#43; Tor &#43; Phoenix is a stack, sure. It&amp;#39;s also a stack with on-chain anchors that are fully public, channel opens/closes that leak counterparty graphs, and a Lightning routing layer that&amp;#39;s been shown deanonymizable by anyone running enough nodes. Phoenix is custodial-adjacent — ACINQ runs the LSP and sees your channel state. That&amp;#39;s &amp;#34;verify or trust&amp;#34;? You&amp;#39;re trusting ACINQ, Tor exit nodes, and the assumption that channel-balance probing doesn&amp;#39;t work. None of those are math.&lt;br/&gt;&lt;br/&gt;On the VC point — fair, ZEC has VC backing. Phoenix is ACINQ, a French company that took venture money. Lightning Labs took $70M&#43; from VCs including a16z. Strike is VC-funded. Blockstream is VC-funded. If &amp;#34;VCs touched it&amp;#34; disqualifies a stack, your stack is gone too.&lt;br/&gt;&lt;br/&gt;The actual question is whether the cryptography does what it claims. Lightning over Tor is a behavioral mitigation on top of a transparent ledger. Shielded ZEC and XMR are cryptographic constructions that don&amp;#39;t leak in the first place. There&amp;#39;s a difference between &amp;#34;I hid my behavior on a public chain&amp;#34; and &amp;#34;the chain doesn&amp;#39;t record the data.&amp;#34;&lt;br/&gt;&lt;br/&gt;Verify or trust — agreed. Verify the math. Halo 2 has no trusted setup. Lightning&amp;#39;s privacy assumes nobody is running adversarial routing nodes, which is an empirical bet, not a proof.
    </content>
    <updated>2026-05-15T20:14:43Z</updated>
  </entry>

  <entry>
    <id>https://njump.me/nevent1qqs2grlxjuzx27y744z0u4n9dde27pvrhnyqqmqa07mugkh5698qx8szyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda57wt5yk2</id>
    
      <title type="html">Most of this is wrong or applies equally to Monero. IP leakage ...</title>
    
    <link rel="alternate" href="https://njump.me/nevent1qqs2grlxjuzx27y744z0u4n9dde27pvrhnyqqmqa07mugkh5698qx8szyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda57wt5yk2" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqszddxjlj92elux3mthw3q2ruy4nz4c6lqcdahnmvtt8d7n0q3w5espzpmhxue69uhkummnw3ezumt0d5hszrp6ap&#39;&gt;nevent1q…p6ap&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;Most of this is wrong or applies equally to Monero.&lt;br/&gt;&lt;br/&gt;IP leakage isn&amp;#39;t a Zcash problem, it&amp;#39;s a network-layer problem. Run anything without Tor/I2P and your ISP sees it. Same for XMR. Tor is intergrated into ZODL&lt;br/&gt;&lt;br/&gt;&amp;#34;Nobody uses shielded&amp;#34; was true in 2020. As of March 2026 it&amp;#39;s ~86% of activity and ~31% of supply is shielded. Zashi defaults to shielded.&lt;br/&gt;&lt;br/&gt;Trusted setup: Sprout is deprecated, holds 0.2% of supply. Orchard uses Halo 2, no trusted setup. Toxic waste enables counterfeiting, not deanonymization &lt;br/&gt;&lt;br/&gt;View keys aren&amp;#39;t a backdoor. Monero has them too. They&amp;#39;re user-controlled selective disclosure. If that&amp;#39;s disqualifying, XMR is also disqualified.&lt;br/&gt;&lt;br/&gt;Dev fund was ~8 years not 10, and is now restructured. Fair critique of funding centralization, wrong numbers. But the funding model will give ZEC a huge dev and research evolution edge.&lt;br/&gt;&lt;br/&gt;On the actual crypto: Monero uses ring signatures — a mixer with a 16-member anonymity set per transaction. That&amp;#39;s not &amp;#34;superior privacy,&amp;#34; it&amp;#39;s a tiny anonymity set vulnerable to statistical heuristics, decoy-selection flaws, EAE attacks, and temporal analysis. Chainalysis has been making real progress on XMR for years specifically because 16 decoys leaks signal. Zcash&amp;#39;s Orchard pool gives you an anonymity set of every shielded note in the pool — millions, not sixteen. That&amp;#39;s a genuine cryptographic gap, not a marketing point.&lt;br/&gt;&lt;br/&gt;FCMP&#43;&#43; closes that gap on paper, sure — for chain-layer anonymity-set size after FCMP&#43;&#43; ships, yes. For privacy as an end-to-end practical property, it&amp;#39;s still contested and depends on your threat model. Post quantum- no.&lt;br/&gt;&lt;br/&gt;And on quantum: ring signatures &#43; Pedersen commitments are not post-quantum secure. A CRQC breaks XMR&amp;#39;s anonymity retroactively — every transaction ever made becomes deanonymizable. Zcash is moving to Project Tachyon for full post-quantum privacy by 2027 with quantum-recoverable wallets shipping mid-2026. Monero is still researching it. If you actually care about long-horizon privacy, that matters.&lt;br/&gt;&lt;br/&gt;Things that are genuinely true: XMR dominates DNM/merchants, is more decentralized, no VCs.  Real point. The &amp;#34;government op from A to Z&amp;#34; framing is what people reach for when they&amp;#39;ve run out of technical argument.&lt;br/&gt;&lt;br/&gt;The actual debate is mandatory vs optional privacy and the tradeoffs that flow from it.
    </content>
    <updated>2026-05-15T19:48:47Z</updated>
  </entry>

  <entry>
    <id>https://njump.me/nevent1qqs9sra0rkfn7gs9mwnrt5myx2h9yh7p7aj3e3karz3hsyxtxudy7yczyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda57kaqukn</id>
    
      <title type="html">I really don&amp;#39;t have the time to expand on all of these. But ...</title>
    
    <link rel="alternate" href="https://njump.me/nevent1qqs9sra0rkfn7gs9mwnrt5myx2h9yh7p7aj3e3karz3hsyxtxudy7yczyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda57kaqukn" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqs2rtwwa8ah989u3e4yw63wtfw0x2qptk0v0ke35nfwtfc9tauze6spzpmhxue69uhkummnw3ezumt0d5hs4eyjn9&#39;&gt;nevent1q…yjn9&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;I really don&amp;#39;t have the time to expand on all of these. But most of the above is incorrect? &lt;br/&gt;&lt;br/&gt;Odd reply. All the best with Monero 👍&lt;br/&gt;&lt;br/&gt;Brilliant project.&lt;br/&gt;&lt;br/&gt;
    </content>
    <updated>2026-05-15T16:50:14Z</updated>
  </entry>

  <entry>
    <id>https://njump.me/nevent1qqszc59afuxyj3d66ywtyv9qyjqlqkwzn5779k6h0frruv4fruqsljqzyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda570xh7qr</id>
    
      <title type="html">Monero is great, I agree. Love the project and support it. The ...</title>
    
    <link rel="alternate" href="https://njump.me/nevent1qqszc59afuxyj3d66ywtyv9qyjqlqkwzn5779k6h0frruv4fruqsljqzyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda570xh7qr" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqspewk6trnsnja7kt5aczm5a2ke9cvw834hc5kq3hxvhxwtz4m3r0spr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp08hsq7r&#39;&gt;nevent1q…sq7r&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;Monero is great, I agree. Love the project and support it. The CPU mining is a big win.&lt;br/&gt;&lt;br/&gt;Zcash just does a better job for privacy.&lt;br/&gt;&lt;br/&gt;All open source. &lt;br/&gt; 
    </content>
    <updated>2026-05-15T15:35:00Z</updated>
  </entry>

  <entry>
    <id>https://njump.me/nevent1qqs0ewy8stwzv82xy695qhd0839dszpq8y4c9nc2qkc0rgksrnhy0hszyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda573y34jn</id>
    
      <title type="html">ZCash solves this.</title>
    
    <link rel="alternate" href="https://njump.me/nevent1qqs0ewy8stwzv82xy695qhd0839dszpq8y4c9nc2qkc0rgksrnhy0hszyplkkly3w3zcgadevaveary3uaxmmjw03sn3xswaafd5mqyxeda573y34jn" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqsy2je32a8kykxlh4ddx42fgvpk6fjm6he7zjsy5640pdyrvv30kjqpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0m25r85&#39;&gt;nevent1q…5r85&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;ZCash solves this. 
    </content>
    <updated>2026-05-15T13:28:56Z</updated>
  </entry>

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