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dumbfoundded | 3 years ago

This is already doable with most wallets today. Most wallets enable you to create 2^64 addresses from the same seed phrase. These are hardened and can't be linked together by just creating them.

So if Alice wants to send Bob an NFT, Bob creates a new address (recoverable with the same seed phrase) and Alice sends it there. Bob can then fund the wallet with tornado cash to use the NFT.

It's a stupidly complex way to achieve privacy and Tornado Cash is illegal. That's why we need private by default chains like Aztec & Aleo

discuss

order

monero-xmr|3 years ago

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.

woodruffw|3 years ago

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.

tromp|3 years ago

That seems different though, since Bob needs to give out a new address for each transfer.

With stealth addresses, once Bob published his public address, multiple senders can transfer to Bob without further interaction by Bob.