Skip to main content

Samourai Wallet Calls out Ocean Pool for Censoring Whirlpool Privacy Transactions

Samourai Wallet Calls out Ocean Pool for Censoring Whirlpool Privacy Transactions

Samourai, a privacy-focused bitcoin wallet, revealed the changes in the recent Bitcoin Knots software used by Ocean, a Bitcoin mining pool, censor Whirlpool transactions, a kind of coinjoin operation. The wallet explained that Ocean is pursuing a “very slippery slope” by filtering these types of transactions.

Samourai Wallet Reveals Ocean Is Censoring Privacy Transactions

Samourai Wallet is alerting people about an anti-privacy movement in Ocean, a bitcoin mining pool. The organization recently revealed that the recent changes in Knots, a full Bitcoin node software used by Ocean, have resulted in the censorship of Whirlpool transactions, a kind of privacy operation used by wallet users.

Samourai denounced this behavior on X, stating that the actions carried by Ocean operator and Bitcoin developer Luke Dashjr and its main backer, Jack Dorsey, were “regrettable” and far surpassed “any hostile actions” seen before.

Dashjr implemented an Op_Return limit of 42 bytes, far less than Whirlpool transactions need to operate – 46 bytes. While Samourai declares these are standard transactions, Dashjr has alleged this behavior constitutes a bug in the Whirlpool implementation.

Implementing this change in the Bitcoin Core full node software, as hinted by Dashjr before, might render these transactions unminable, affecting the privacy movement in Bitcoin, even when alternatives are available. Samourai claims that Whirlpool surpassed the 9,700 BTC mark on December 6, almost twice the current capacity of the Lightning Network, Bitcoin’s second layer option.

Samourai Wallet called to reflect on the possible problems that enforcing these arbitrary limits might bring to the Bitcoin privacy-pursuing crowd. The organization stated:

Ocean is choosing to pursue a very slippery slope in their decision to exclude privacy-enhancing transactions.

At the same time, the Samourai team called for miners to direct their hash power to pools different than Ocean. “It is important for the market to make it absolutely clear to the pool that you do not agree with their privacy enhancing transaction censorship policy,” it stated.

Ocean has been involved in several controversies since it acknowledged it intended to filter transactions involving Ordinal inscriptions, which include images and other elements directly embedded in the Bitcoin blockchain.

What do you think about the recent controversy between Samourai Wallet and Ocean? Tell us in the comments section below.



from Bitcoin News https://ift.tt/i1joWPl

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...