Re: 'Wasabigeddon' article discussion (it supposedly solves fungibility)
Hi guys, I glanced through this thread. Let me clarify a few things.
On the CEO of zkSNACKs. I did start Wasabi and I did co-found zkSNACKs, the company responsible for the bulk of the development on Wasabi, however I was never the CEO. zkSNACKs had two co-CEOs since its inception until this year when Max took over. That's not to say they are to be blamed for the blacklisting plans, but I am the one who pushed the idea through. It however doesn't mean that I am "advocating for it," quite the contrary, I am not philosophically aligned with it.
On conflating the company with the software project. IMO most of the times it's ok to say things like "CEO of Wasabi" as the separation between the company and the project most of the times isn't relevant. It becomes important to separate the two things when censorship resistance is in question. Wasabi is censorship resistant, zkSNACKs isn't.
On fungibility. I guess the debate here comes down to the question: is it fair to say that Wasabi is making bitcoins fungible? AFAIK it is: Fungibility, sometimes called interchangeability or indistinguishability is a property of good money. Two instances of a currency are fungible - interchangeable - with each other if there are no meaningful differences between them: they have no marks, nor history. That's exactly what Wasabi Wallet coinjoins are doing. Two coinjoined coins are indistinguishable from each other. It doesn't matter which coinjoined coin you have. That's fungibility between two instances of a currency.
On the question if we're working on fungibility or privacy. Going with our knowledge on fungibility, how does privacy come into the picture at all? And let's throw anonymity into the mix, too, since we're at it, shall we?
Privacy is your ability to selectively reveal yourself to the world. Anonymity is a mathematical tool which we can utilize to build privacy for the individual, like a privacy Bitcoin wallet. And adoption of a private Bitcoin wallet or a comprehensive Bitcoin privacy technology leads to the fungibility of the money itself. Learn more on this here: https://nopara73.medium.com/privacy-fungibility-anonymity-451d029355f7
Of course I am more than happy to hear thoughts on this topic, but I hope I demonstrated that my fungibility claims aren't pulled out of my ass, in fact they are the result of years of research on the topic, so I'd appreciate not calling me a liar, because of them.
On the CEO of zkSNACKs. I did start Wasabi and I did co-found zkSNACKs, the company responsible for the bulk of the development on Wasabi, however I was never the CEO. zkSNACKs had two co-CEOs since its inception until this year when Max took over. That's not to say they are to be blamed for the blacklisting plans, but I am the one who pushed the idea through. It however doesn't mean that I am "advocating for it," quite the contrary, I am not philosophically aligned with it.
On conflating the company with the software project. IMO most of the times it's ok to say things like "CEO of Wasabi" as the separation between the company and the project most of the times isn't relevant. It becomes important to separate the two things when censorship resistance is in question. Wasabi is censorship resistant, zkSNACKs isn't.
On fungibility. I guess the debate here comes down to the question: is it fair to say that Wasabi is making bitcoins fungible? AFAIK it is: Fungibility, sometimes called interchangeability or indistinguishability is a property of good money. Two instances of a currency are fungible - interchangeable - with each other if there are no meaningful differences between them: they have no marks, nor history. That's exactly what Wasabi Wallet coinjoins are doing. Two coinjoined coins are indistinguishable from each other. It doesn't matter which coinjoined coin you have. That's fungibility between two instances of a currency.
On the question if we're working on fungibility or privacy. Going with our knowledge on fungibility, how does privacy come into the picture at all? And let's throw anonymity into the mix, too, since we're at it, shall we?
Privacy is your ability to selectively reveal yourself to the world. Anonymity is a mathematical tool which we can utilize to build privacy for the individual, like a privacy Bitcoin wallet. And adoption of a private Bitcoin wallet or a comprehensive Bitcoin privacy technology leads to the fungibility of the money itself. Learn more on this here: https://nopara73.medium.com/privacy-fungibility-anonymity-451d029355f7Of course I am more than happy to hear thoughts on this topic, but I hope I demonstrated that my fungibility claims aren't pulled out of my ass, in fact they are the result of years of research on the topic, so I'd appreciate not calling me a liar, because of them.