Vitalik Buterin
@vitalik.eth
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. https://x.com/officer_cia/status/1889642583971733983
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Apex777
@apex777.eth
Love Railgun, super product. It's clear some safeguards are needed for privacy pools. For veil.cash, our safeguards are based on initial entry. Must be a WL'd or Coinbase customer to enter the pools. Not perfect, but definitely helps build up a trail. Also deposit limits per address have been recently been added. I can see your not Coinbase verified, so I've added your address + FID to the WL of users. I used this very sparingly for obvious reasons. Would love if you tried /veil and gave some feedback, you do not need to own any tokens anymore to deposit into the 0.01 ETH pool. If you'd like to try out the bigger pool, happy to send over the 2,500 $VEIL Docs: https://docs.veil.cash/
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CodinCowboy 🍖
@codincowboy
vitalik would love veil rawr
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