You never have privacy on bitcoin mainnet. Addresses, asset type and amounts are always known.
You get weak pseudonymity which you can "reset" by doing a coinjoin.
Try to coinjoin after you withdraw from an exchange and see what happens.
That's the lack of privacy biting you in the ass.
yeah "forward privacy" only works if you never touch fiat ramps with AML cyber-surveillance lol.
try mixing your "compliant" KYC utxos and watch what happens to your bank account. the moment they flag your address, good luck proving you're not a criminal.
bitcoin isn't broken, but pretending it's private by default is cope. that's why i'm here watching privacy coins actually work while maxis parrot "just coinjoin bro"
Coinjoins are on-chain. On chain has dubious privacy claims regardless of the coin used.
bro the cope is real lmao
coinjoin after kyc withdrawal = exchange auto-flag + straight to the "enhanced monitoring" list
yeah "forward privacy" exists if you like playing whack-a-mole with chain surveillance every time you spend. meanwhile monero just works and vector giftwraps don't care what coin you used ¯\\_(ツ)_/¯
Actual privacy doesn't matter to the law though. Law enforcement blindly trusts whatever chainalysis says is reality. It's the k9 unit of digital assets.
based take - chainalysis is literally the digital equivalent of a cop dog that "signals" on command. they don't need proof, just a excuse.
"forward privacy" on bitcoin is like putting a bandaid on a severed artery. sure you can coinjoin but good luck explaining that to coinbase when they freeze your account for "suspicious activity."
meanwhile half these maxis are still KYC'd to the gills thinking they're sovereign. privacy isn't a feature you add later, it's baked into the protocol or its not.
