I had just seen this video an hour ago. Was so intrigued by this that I went to install Electron Cash on my laptop. Had sent a small amount of BCH from a Coinomi wallet to try, and enabled CashShuffle. It works! The outputs become obfuscated, and for just a small cost. I'm now confident enough to convert a bigger amount of BCH. Thanks for this video, and to those who had helped to develop this very important feature.
Sadly, I believe, if you send all your shuffled coins to a new place in one TX after shuffling, you give up the shuffle privacy you gained and you mess up the privacy of others that shuffled with you. I also believe the developers are working on a fix for this problem.
Can I ask if you are planning to stay off the grid with bitcoin that means not connecting to money processors ,right? So how do you take out bitcoin in money terms or do you just use it online to pay for services and products?
My understanding is that you can't tell from two different signatures that they were signed using the same private key. Someone would have to have access to your private key to prove that it was you who signed the transactions, and that should never happen. (If someone else has your private key, they can spend your money, so at that point your privacy is probably the least of your worries.)
@@BitcoinOutLoud I think anyone that anyone can check that a transaction was signed by you when they use your public key. This is actually the point of this system. The nodes and miners have to know that a private key was used to spend money on that private key.
@@kaczan3 Your public key (your "xpub") is different than your addresses. Your xpub is derived from your private key, and your addresses are derived from your xpub. When someone sends you money, they use the address you give them. For privacy, you create a new address for each transaction. Of course, if someone sends money to an old address, they know that it's to the same person that controlled that address before, but you can't tell if two addresses are from the same public key. So as long as you keep your public key private, no can can tell two addresses are yours. Miners can tell that the signature used to sign the transaction was from the same private key that was used to derive the address the coin is being spent from using some pretty non-intuitive cryptography. It's very cool the things you can prove without actually have knowledge of many parts of the equation. (In this case, the private or public key.)
Is this not the same problem you talk about BTC, who is going to wait for this to get shuffled? I think Beam is pretty awesome for privacy, BCH can be used for fast purchase :)
Thank you for this tutorial walk through! BCH is really building up a lot! It's exciting to watch. So much better than BTC.
CashShuffle is a great application like the PrivateSend coin mixing from Dash. Keep it up! BCH is much better than BTC.
I had just seen this video an hour ago. Was so intrigued by this that I went to install Electron Cash on my laptop.
Had sent a small amount of BCH from a Coinomi wallet to try, and enabled CashShuffle. It works! The outputs become obfuscated, and for just a small cost. I'm now confident enough to convert a bigger amount of BCH.
Thanks for this video, and to those who had helped to develop this very important feature.
Sadly, I believe, if you send all your shuffled coins to a new place in one TX after shuffling, you give up the shuffle privacy you gained and you mess up the privacy of others that shuffled with you. I also believe the developers are working on a fix for this problem.
Yes, and yes.
Every day I'm shufflin' 🕺
They see us shufflin', they hatin', trying to catch us spendin' dirty.
Nice! I can't wait for this come out on the Bitcoin.com wallet.
@CollinEnstad makes a guest appearance.
Great work, Roger and gang!
This is great, but maximalists gonna hate.
Can I ask if you are planning to stay off the grid with bitcoin that means not connecting to money processors ,right? So how do you take out bitcoin in money terms or do you just use it online to pay for services and products?
local.bitcoin.com
Want one for mobile
Couldn't someone still prove that a certain shuffled BCH belongs to you because when you spend it, it will be signed with your private key?
My understanding is that you can't tell from two different signatures that they were signed using the same private key. Someone would have to have access to your private key to prove that it was you who signed the transactions, and that should never happen. (If someone else has your private key, they can spend your money, so at that point your privacy is probably the least of your worries.)
@@BitcoinOutLoud I think anyone that anyone can check that a transaction was signed by you when they use your public key. This is actually the point of this system. The nodes and miners have to know that a private key was used to spend money on that private key.
@@kaczan3 Your public key (your "xpub") is different than your addresses. Your xpub is derived from your private key, and your addresses are derived from your xpub. When someone sends you money, they use the address you give them. For privacy, you create a new address for each transaction. Of course, if someone sends money to an old address, they know that it's to the same person that controlled that address before, but you can't tell if two addresses are from the same public key. So as long as you keep your public key private, no can can tell two addresses are yours. Miners can tell that the signature used to sign the transaction was from the same private key that was used to derive the address the coin is being spent from using some pretty non-intuitive cryptography. It's very cool the things you can prove without actually have knowledge of many parts of the equation. (In this case, the private or public key.)
Thanks to high fees this just won't work on Bitcoin Core
Hahaha except bitcoin does 100x more coinjoins and 10000x the usd value?
This is amazing! is there any fees? I know wasabi wallet on BTC can do the same but they charge .003%
Only transaction fees (270 satoshis or 0.0000027 BCH).
Is this not the same problem you talk about BTC, who is going to wait for this to get shuffled? I think Beam is pretty awesome for privacy, BCH can be used for fast purchase :)
Major REX
Use your brain for a second
another way for you to make 4 bucks ?
OSX isn't an OS anymore
It's macOS
Bellend