Re: [Megathread] Bitcoin Layer 1 Privacy - concepts, ideas, research, discussion
I guess if you disable z2t by default, like tromp just said, they would kind of be forced to do allow depositing / withdrawing 'private coins'. With Zcash, they kind of have the power of choice as it's a lower marketcap and it's technically possible to go from shielded to transparent. But if we disable this on the by far biggest market cap asset by default, they kind of have to follow suit.
Or they would just delist Zcash from this exchanges, and they don't have to explain why.
Sad thing is that most people don't care at all about privacy until it's to late.
Not as sad it is to load up your wallet on a public Electrum server by mistake, which unquestionably didn't happen to me today.</off-topic>
It's hard to build privacy, and easy to break it.. That's why a built-in mechanism would be so great.I am really interested in reading more about silent payments and stealth addresses.
Stealth addresses have a lot of downsides though, and I don't really see a way to fix that. There must be another way.
For now, Litecoin's MimbleWimble implementation sounds the most interesting to me, but I believe extension blocks were extremely unpopular in Bitcoin in the past, weren't they?