Stealth addresses are super simple bit of crypto and also pretty easy to implement. When Peter Todd wrote a paper describing the technique for Bitcoin in Jan 2014 I wrote the first implementation. [1, 2] At the time I wanted to call them re-usable addresses, because the published address by the person wanting to receive funds is truly and privately re-usable. This is super useful for writing static addresses in place…
An incomplete guide to stealth addresses
31–40 of 54 posts
Re: An incomplete guide to stealth addresses
#32Earlier quoted context omitted.
Tornado cash is illegal for US citizens. Not illegal for anyone else. And a lawsuit against the overreach of the Treasury department will likely make it legal again.
What exactly is the "overreach" argument? In terms of statutory authority, the Treasury hasn't done anything particularly unusual in adding a known money-laundering vehicle to the OFAC list.
Re: An incomplete guide to stealth addresses
#33Sounds like Monero/zcash being appropriated by Ethereum If appropriated is to harsh, how about integrated instead?
Monero uses ring signatures, which as far as I know haven't gotten much traction on Ethereum so far, since gas payments undermine their privacy. Zcash uses zksnarks, which have advanced considerably since Zcash launched. Ethereum's zkrollups use more recent types of zksnarks. Stealth addresses "using elliptic curve cryptography were originally introduced in the context of Bitcoin by Peter Todd in 2014," according to…
Re: An incomplete guide to stealth addresses
#34Earlier quoted context omitted.
What exactly is the "overreach" argument? In terms of statutory authority, the Treasury hasn't done anything particularly unusual in adding a known money-laundering vehicle to the OFAC list.
regurgitating anti encryption talking points to justify regulating other people’s wallets, I guess it’s only natural to oppose financial privacy when your economic policies depend on having the right to other people’s money.
Re: An incomplete guide to stealth addresses
#35Earlier quoted context omitted.
>Given the uses for crypto in practice, it's a safe bet that the majority of use will be for illegal activities. For the moment, that appears to be a good bet. I'm not aware of any current practical use case for cryptocurrency, that government-backed currencies don't provide, other than purchasing illegal goods and services. That said, government-backed currencies are also used for doing so as well, except cash trans…
Sending money is a pretty clear use case. Ukraine received a bunch of international crypto donations last year, for example. Your lack of imagination doesn't mean something is just for "illegal activities".
But the Ukraine example is a strange one to me, only because I'm unclear on the legality of funding the war efforts of another country.
Re: An incomplete guide to stealth addresses
#36Earlier quoted context omitted.
regurgitating anti encryption talking points to justify regulating other people’s wallets, I guess it’s only natural to oppose financial privacy when your economic policies depend on having the right to other people’s money.
I'm very pro-encryption. I'm not convinced that sanctions against Tornado Cash pose a serious risk to E2EE or other civically important (necessary!) applications of encryption.
Re: An incomplete guide to stealth addresses
#37Earlier quoted context omitted.
I'm very pro-encryption. I'm not convinced that sanctions against Tornado Cash pose a serious risk to E2EE or other civically important (necessary!) applications of encryption.
I don’t need to justify my right to privacy to prevent you from violating it. Come up with a better defence than the redistribution of consequences, this not the EU.
Re: An incomplete guide to stealth addresses
#38Stealth addresses are super simple bit of crypto and also pretty easy to implement. When Peter Todd wrote a paper describing the technique for Bitcoin in Jan 2014 I wrote the first implementation. [1, 2] At the time I wanted to call them re-usable addresses, because the published address by the person wanting to receive funds is truly and privately re-usable. This is super useful for writing static addresses in place…
Re: An incomplete guide to stealth addresses
#39Earlier quoted context omitted.
> I genuinely don’t see any link between a bomb going off and a privacy protocol used to move financial assets. The link is explained in the post: in both instances, a human is the prime mover. No court in the world draws a distinction between "Joe kills Bob" and "Joe builds a Bob-killing robot that kills Bob." Similarly, no court in the world is likely to draw a distinction between "North Korea launders money" and "…
I philosophically disagree that something known to be used for a crime, or known to make crimes easier, ipso facto means that thing should be banned. I see a lot of benefits to society with privacy solutions like Tornado Cash. I also like paper cash, gold coins, and guns for that matter, all of which have been documented to be used in crimes and all of which are legal. I believe the law requires presumption of innoce…
Re: An incomplete guide to stealth addresses
#40The problem is that once Bob actually spends something from this address, everyone knows that Bob controls the address. Because if Alice can calculate an address for Bob, so can anyone else.