BITCOIN SEASON 2: What the Samourai Case Means for the Future of BTC Privacy

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 14 May 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Seth for Privacy breaks down the Samurai Wallet legal case, Bitcoin's current privacy limitations, and solutions like Silent Payments and Payjoin V2. He discusses the government's attack on privacy tools and why Monero offers better privacy by default. You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com 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? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch
0:05.8	of a button.
0:07.0	Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths
0:11.8	solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville.
0:17.1	Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural
0:22.6	chills to far-off romances, every story comes alive through world-class narration.
0:28.5	Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers
0:34.4	that transport you from the very first word, because the next great
0:38.2	adventure is just a listener way.
0:40.8	Start your free 30-day trial at audible.com slash Wondery UK.
0:45.6	That's audible.com slash Wondery UK.
0:49.7	Get a fresh start feeling for less.
0:53.2	At Matalan, there's a huge 20% off homeware and kids wear.
0:58.3	Get your home and garden prepped for the sunny weather and kit out the kids too.
1:03.7	Shop in store and online at matelan.com.com.com.
1:09.6	Bitcoin season two is brought to you by Arch Network, the protocol building bridgeless apps on Bitcoin.
1:15.2	More on Arch later in the show. Let's kick it off.
1:24.0	Welcome back to Bitcoin Season 2. I have Seth for privacy here, privacy advocate and VP at Cake Wallet.
1:32.9	Seth, thank you so much for coming on Bitcoin Season 2.
1:35.6	Yeah, man.
1:36.1	Thank you so much for having me.
1:37.5	You've been doing some fantastic work, and it seems like a really good, really good fit.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.