I have good news for you: Taproot does not enable monero-like privacy features any moreso than already exist in Bitcoin today. At its core, taproot is a way to make transactions with embedded smart contracts less expensive, done so in a manner that may marginally improve privacy dependent on user behavior (but not in the monero-like way you mention). For example, it makes it possible for lightning channels to look structurally similar to single key wallets, but it does nothing inherently to obfuscate the transaction graph as in monero.

Such "monero-like" transaction graph obfuscation may already exist in Bitcoin via other techniques (coinjoin, payjoin, coinswap, lightning, etc) with or without Taproot, so the point is further moot.

Do you have a source on your reporting?

You may wish to rescind your nack.


On Sat, Feb 27, 2021 at 5:46 AM LORD HIS EXCELLENCY JAMES HRMH via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote:
Good Afternoon,

It has been reported that Taproot will enable some Monero like features including the ability to hide transactions.

If that is the case I offer a full NACK and let me explain.

A part of the benefit of using Bitcoin is its honesty. The full transaction is published on the blockchain. If that were to change so that transactions may be obfuscated from scrutiny then any government would have unlimited impetus to ban Bitcoin, and speculation has that is the reason India has been reported to have banned cryptocurrencies already.

I am in support of the expanded use case of Bitcoin without harming the established robust fairness and equal equity offered. The core functionality of Bitcoin, its values, must remain unaltered.

KING JAMES HRMH
Great British Empire

Regards,
The Australian
LORD HIS EXCELLENCY JAMES HRMH (& HMRH)
of Hougun Manor & Glencoe & British Empire
MR. Damian A. James Williamson
Wills

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