Re: [Anonymity] Can I get rid of KYC trace through Lightning?
User: Bitcoin Smith
Obviously wrong as LN does no such thing and it is not designed to do this.
User: dkbit98
Lightning Network is centralized network and analytic companies like Chainalysis are already tracking everything on Lightning Network.
Another problem is that Lightning is not mean for larger amount of coins, and you also need to get back coins on-chain at some point.
It is a decentralized P2P network, and you can't track everything on LN no matter what you do.
Is one post enough? In both cases the information is extremely false, one can potentially damage the user and the other is damaging LN's reputation with lies. I'll watch out for more..
But my question was mostly just technical - to better understand these things. So far I haven't parted with a single SAT yet. I don't trade or anything like that.
Yes the trail breaks when you transfer Munn to Speed via LN because it's happening offline and only who control the entry as well as exit nodes can link that if they want to and it is almost impossible via chain analysis to link back the transfer with KYCed address unless you reuse the address again to link with any KYCed funds again.User: dkbit98
Is that one Lightning transfer enough to cut the trace or it is still somehow possible to associate the final address back to the original exchange?
No it's certainly not enough.Lightning Network is centralized network and analytic companies like Chainalysis are already tracking everything on Lightning Network.
Another problem is that Lightning is not mean for larger amount of coins, and you also need to get back coins on-chain at some point.
Is one post enough? In both cases the information is extremely false, one can potentially damage the user and the other is damaging LN's reputation with lies. I'll watch out for more..