Replying to Avatar bitcoiner7 nym

I guess I could also, I tested it but I don't know if it makes sense to do at scale, use fixedfloat .com to send Bitcoin lightning and get Monero

Then, after a while, reverse: send Monero to get Bitcoin again, on lightning

Then send from lightning to on chain cold wallet

But this is slowly getting expensive, fixed float 0.5 percent each way

Lightning fees and monero fees are negligible

Bitcoin one on chain fee I would need to pay for anyway, in this scenario, to exit from lightning, in base scenario to move from hot to cold wallet

I'm probably overcomplicating it
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Max 1y ago

You probably need multiple monero transactions inbetween the swaps.

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bitcoiner7 nym 1y ago

Could be simply to myself, to the next receiving address from the same monero wallet?

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Saberhagen The Nameless 1y ago

Yes, it's called churning. Remember amounts and receivers are completely hidden from the blockchain. The only thing visible are senders, but theyre obfuscated thru ring rigs.

1 transaction is 1 in 16 chance = ~6% chance to guess that you're the sender

2 transactions = ~0.4%

3 transactions = ~0.02%

...etc

I would stagger your self sends over time, not back to back. Less than a cent to transact anyways.

And over time youre automatically chosen as decoys for the transactions of others - further compounding your obfuscation to a ridiculous degree

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Saberhagen The Nameless 1y ago

Sure, but it's less than a cent per transaction. And the longer you wait the more likely you'll automatically be chosen as a decoy for others without even having to make a transaction.

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Max 1y ago

Yes, but I'm more concerned about total block space usage, as this is what's tricky to scale. If monero would get more users, it would result in higher fee for block space too.