Replying to Avatar noKYC ⚡︎

Honest question, if we have the option to buy P2P via lightning why should I care about whirlpool, coinjoin or any other mixer? After all, buying KYC on exchanges there will always be a user ID record without an exit.

#bitcoin #lightning #asknostr
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Max 2y ago

The counterparty in the p2p trade can spy on you too.

Imagine you're selling bitcoin, and the input of that tra sanction was created as a coinbase output in 2010, you just revealed your an OG miner with a big stash...

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Max 2y ago

And in regards to lightning, you need an onchain transaction to open and close a lightning channel, and that should be done in a coinjoin for better privacy.

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noKYC ⚡︎ 2y ago

I need to study more about how the new node wallets on your cell phone will behave in this regard.