Bitcoin Q&A: Will governments let privacy coins exist?

government

#1

On the benefits and challenges with upcoming privacy improvements to Bitcoin. What do you think about Snowden’s comments on privacy in Bitcoin and open public blockchains? What are unspent transaction outputs (UTXOs)? Can you re-anonymise UTXOs from KYC exchanges like Coinbase, by participating in a CoinJoin through wallets such as Wasabi or services such as JoinMarket? Can you use Schnorr signatures do UTXO consolidation? Will governments continue to let privacy coins exist? Will confidential transactions be censored? What will kickstart the evolution towards more privacy and anonymity? Could private transactions be indistinguishable from “normal” transactions? What is the launch schedule for privacy improvements (Schnorr signatures, Taproot, Graftroot)?


#2

All it takes is for one person to stumble across an exploit and boom the whole chain is transparent and can be viewed ( happened with XMR already ). I’m sure the NSA would know about any such exploits and much more. If they do I’m sure they wouldn’t have a problem with them.

bit of a weird idea but yeah