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Eric
@ecent18
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Joined September 2022
Defi deployment AND very cool privacy products being shared? I like it, I like it! 👏
This is a solid demonstration of Railgun's privacy pools mechanism ( ) working in practice, allowing Railgun to avoid serving proceeds of crime without using any snooping / backdoors. How it works: * Anyone can deposit into Railgun. * After you deposit, there is a 1 hour period during which various algorithms detect whether or not the deposit likely came from what the algorithms consider to be criminal activity. * If your deposit passes the filter, then after 1 hour you can use ZKPs to withdraw privately (but ideally wait longer to get a good-enough anonymity set). * If your deposit fails the filter, then you can only withdraw back to your own address. There is no risk that your funds will get frozen/seized, you just can't benefit from the privacy pool. If you disagree with Railgun's filters, anyone is free to fork and make their own pool with their own rules, though if you can't get reasonably wide public support you're going to have a tiny anonymity set.
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@krugermacro Did they never explain their job to their friends or families? Did their friends or families never point out things like the internet? Fascinating.
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@chainyoda Play until you are ready to work and then work until you are ready to play again. Neither can be constant (I think).
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@wassielawyer This “class” don’t seem to have learned much even from their own crises. Luna, FTX, etc zeroed people out and the response wasn’t gravitating back to the core ethos but doubling down on yolo. They’re immune to the “you won’t learn until you put your hand on the stove” thing.
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