What the Samourai Case Means for the Future of BTC Privacy

Seth for Privacy, VP at Cake Wallet, joins us to discuss the ongoing Samurai Wallet legal case and its implications for Bitcoin privacy. Seth explains how the DOJ's prosecution of Samurai developers threatens the entire crypto privacy landscape, despite FinCEN's admission that self-custodial wallets shouldn't be regulated as money services. He breaks down Bitcoin's current privacy limitations, highlighting promising technologies like Silent Payments and Payjoin V2, while candidly addressing why Monero offers superior privacy by design. Are we re-living through the same cryptography battle we fought in the 90s? Follow our guests: @Sethforprivacy Notes: - Samurai indicted April 24, 2024, despite self-custody - 98% conviction rate in Southern District of NY - DOJ hid key FinCEN evidence from defense - Silent Payments gives one reusable static address - Payjoin V2 coming to Cake Wallet this week - Bitcoin privacy tools fighting transparent design Timestamps 00:00 Start 01:04 Samurai wallet legal case 06:30 Jurisdiction & charges 11:59 How significant is this case? 16:28 Arch Network 17:00 Current privacy on BTC 19:47 Silent payments 21:54 Payjoin V2 24:43 Privacy tech limits of BTC 27:42 Privacy soft forks 32:51 Future of oh-chain privacy 37:31 OP_RETURN debate - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices