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If it stops there, might not have all that much utility. But a great case study I would hope. And a big motivator for bitcoiners inside the company.
Would be awesome if they invested in their payroll department to stream salaries to them. Each employee gets a page to see their balance incrementing & withdraw ahead of pay day.
I suspect they won’t get there though, due to the delights of payroll being a monthly exercise and ancient tax codes etc. Prove me wrong Saylor.
How it works:
Mostly it gives you the basic info about a transaction and buttons for eliminating "decoy senders" whom you are mostly expected to identify using off chain data. I have a way to manually identify ringsig members as decoys but I haven't automated it yet. What I want to do is use known "view keys" to identify decoys, because if you have the view key you know the "true" tx in which you spent your own coin, so if you've been used as a decoy you can automatically filter that out.
Right now it also has two automated heuristics: merge analysis and recency bias. If you received coins in two very close blocks and then spend them together, your ring, which should contain keys from semi-random blocks, will have two suspiciously close blocks where you held both inputs. So you can identify those as the real spender's coins.
Recency bias takes advantage of the fact that most decoy selection algorithms are biased toward selecting keys from recently created utxos (on the principle that actively circulating coins are more likely to be spent than old ones). When you have a group of "new coin" decoys, coins that are significantly older stick out like a sore thumb, and you can plausibly identify them as the real spender's coins.
Other metrics I want to add include bot detection (which is based on identifying txs with many outputs, since these tend to be created by automated software rather than a real person) and taint tree analysis (which creates trees of possible senders fanning out backward in time from a known destination). I also think I can fingerprint wallets by their coin selection algorithm and then identify change when it shows up in a tx that uses the same algorithm.
One thing I learned while making this is that tracing monero is possible but it seems to take a considerable amount of manual work, a large set of off chain data about addresses that you know the view keys for, and regularly creating xmr transactions yourself so that you can identify your outputs as decoys when they show up in other people's transactions
My two automated heuristics right now only identify the sender in about 1 in 15 cases, so most of the time when looking at a transaction all you see is a tool for manually filtering out decoys on your own, which is still useful, but more automation is desirable
I hope to add about four more automated heuristics but I still think you'll need a considerable amount of off chain data entry to get really good data
The term "sovereign individual" is not only related to Bitcoin.
Bitcoin is just another tool for an individual in pursuing his sovereignty.
Just by reading the book "Sovereign individual" it doesn't make you a sovereign individual. That book is just opening your mind, that life is not a statist life.
Became sovereign is a long battle, that almost never ends.
Being a sovereign individual is a continuous battle.
Yes, all those things mentioned are a MUST do, to make use of Bitcoin in its fully capacity.
To be sovereign you must fulfill the following:
- food self sufficient or at least as much as you can not depending on central governments subsidies and acquire your needs from P2P trades with other peers.
- energy self sufficient or at least as much as you can
- shelter / house / land property. Property is the base of your freedom, where you declare your own sovereignty.
- your own identity. Not governmental one, that doesn't represent you, it represent a dead body, the citizen. A citizen could NEVER be a sovereign individual. The citizen is the opposite of a sovereign individual.
- you do not pay any tax for your labor. That's pure theft. And if you support it also you are not anymore a sovereign man. You can volunteer if you really want to participate in a local project.
- You know WHO YOU ARE
- Don't have any DEBTS. Debt = SLAVERY. Be a wise man and do everything with a good contract. Respect your promises and live in honor.
Simply don't make promises if you can't respect them. Why would you want a new big house if you know you can't afford it or pay back the loan? You are short of money? Simply don't spend too much.
Bitcoin is saving technology, it will help you to save your money and energy, for when you will need it most. So don't spend it on crappy useless things. Spend it wisely for things you really need them in that moment.
Do you want to know how I became a sovereign individual?
Start here:
Welcome aboard! I'm glad you're already seeing how special SN is.
When I started using Stacker News, I didn't quite get it. I was sharing links to anything and everything even remotely Bitcoin related: basically the same firehose approach that works on other social media.
I realized eventually that the high quality engagement is what's special here, so I started writing more comments and putting more thought into them. My early discussion posts were mostly me asking questions that interested me and that I thought people here would have interesting perspectives on.
Now, the communities become pretty diverse, so I'd recommend just writing about whatever you feel like writing about. Don't feel like you have to do anything in particular though.