A coinjoin is a collaborative bitcoin transaction that can break the probability analysis used to track bitcoin. Multiple people sending a batched transaction at the same time.
If you do not use coinjoin then people and companies you transact with can track your entire financial life.
Amen to that
For non-kyc, I understand it. Does it also make sense for kyc? Definitely for forward privacy when I understand it correctly. But you can't get rid of the exchange's "kyc-stamp". What is your recommendation for this case?
#NewForMe
The only way to be fully KYC free is to sell yours coins back at the exchange and then start a fresh with non KYC options. Then listen to this pod, and also the privacy series on Samourai Wallet YouTube channel.
Yes, I understand that. I wonder if Coinjoin also makes sense for kyc-stacks?
For forward privacy yes. But all in all?
You can also sell your KYC stack on non-KYC places?
every transaction should be a coinjoin IMO. if you really must then yes just have two stacks and makes sure your utxo management is decent with labelling.
There are other ways.
Don't buy kyc coin. Kyc bitcoin is a shitcoin. If you have, sell it back to the exchange, preferably at a loss, pay whatever you owe your overlords and buy back non cucked, kyc free btc
Fuck FinCEN. We run the code we want. From full nodes to coinjoins and beyond!
Bitcoin is pseudonymous, not anonymous
They can be very expensive. Idk how people will coinjoin with unavoidable high fees in the future
The WabiSabi coinjoin protocol allows you to send your payments directly within a coinjoin so extra costs are minimized to only a couple of extra outputs.
That's why you'll coinjoin directly into a lightning channel in the future.
Onchain won't be used for regular payments, rather to enter and leave second layer solutions, but coinjoin is still mega useful in this case.
🫡 “It’s a scramble baby, a big one.”
nostr:note1d2rekcnzjr3cxhj4r2t3vdxzu7zclu8eydpc7af8curdyx3wymuqm3mujf
Any best resources for those who haven’t learned how yet?
Coinjoin is easy and cheap with Wasabi Wallet: https://youtu.be/UbOAbXjzBJg
Muchas gracias!
Coinjoining is love. Love for freedom and love for your fellow plebs.
Don’t send bitcoin, send keys.
Satscards all day
What are good ways to coinjoin safely?
Thank you for asking. I was afraid to.
Thank you very much.
Ive used both wasabi wallet and whirlpool with sparrow for mixing. Both easy to use.
Also nostr:npub126ntw5mnermmj0znhjhgdk8lh2af72sm8qfzq48umdlnhaj9kuns3le9ll OS has the JAM joinmarket service which makes utilizing joinmarket for mixing easy 🤙
Thanks for sharing Brian.
Your statement is way too overrated. Only people who have transacted bitcoin with you can follow their transactions they made to you and visa versa which is by design.
They also have no way of knowing the true origin of the payment, or whether that person owns multiple UTXOs which are unrelated.
I could pay someone Bitcoin from CashApp on chain, but they would be wrong to assume it’s from my wallet. Sure the footprint would be different, but ultimately they can only infer probabilities, not know for certain.
The worst thing for Bitcoin privacy is having everything one hop off of highly captured and regulated exchanges. If it wasn’t for the oppressive enforcement of strict KYC guidelines though, Bitcoin is already decently private, and in a lightning based circular economy would be sufficient for 99% of use cases.
The biggest enemy of bitcoin is indeed KYC. If your data comes in the wrong hands, which happens sooner or later because you have to do multiple KYC every time by different organizations you cannot be sure of your life anymore. People cannot be trusted. Never
Maybe I’m too much of an optimist, but I have a slightly more hopeful outlook.
Everything is about trade-offs, but between having a bank account where you don’t control your own money and your balance is “private” to others but public to the bank and any interested financial institutions, and having Bitcoin in cold storage which has a high probability of being associated with your name but cannot be proven to be yours and cannot be taken from you unless you give in to a physical attack, Bitcoin is already a big improvement.
Most people who understand Bitcoin and how it works like Bitcoin and want to support it, and most criminals still don’t understand Bitcoin. Traditionally, large scale robberies and wealth confiscations are done by governments attacking central points of failure, or honeypots like banks or exchanges.
I see it as unlikely that there is ever an organized attempt to shake down plebs, because it would already be far too unpopular and difficult, and Bitcoiners are the most likely group to defend themselves from attack.
I have a different experience. I bought a house here in Malta and used part of my bitcoin savings. I had to do fully kyc. Compliance they called it. They had to know exactly the source of the funds. A month later I was at a restaurant and coincidently I saw the guy who interviewed me about the source of funds. He was talking to strangers about his clients. So I know better. Sooner or later you will be hunted like an animal.
Personally, and again I could be very naive, but I would never accept that. I don’t want to buy a house until someone wants to trade it to me peer to peer for Bitcoin.
In your situation though, coin-joining everything after that transaction would definitely be a requirement. But again, they already know where you live. Totally oppressive form of surveillance, but that would happen with any sovereign money, like cash, gold, silver, etc.
All I’m saying is that bad people want to do bad things to rich people, irregardless of Bitcoin. Banks aren’t a solution. Multi-sig, fake wallets, burner wallets, and home security are better solutions but still not perfect. The ultimate solution to this is to live in a society where you can have some faith in those around you to do the right thing, but that can only happen after trust totally breaks down and gets rebuilt on a Bitcoin standard.
Being a digital nomad is probably a personal requirement until conditions improve for people holding Bitcoin (or any form of sovereign bearer money)
To buy a home in BTC you will have to find a home you can afford in a mortgage inflated market. That could be challenging.
I’m holding until the debt/mortgage market collapses. I’m very young and can afford to be patient for a decade, or even two.
I also think people are far too bearish on Bitcoin. There are about 140 million “housing units” currently in the US alone, which means there are 7 United States living places per Bitcoin. Anyone who thinks houses won’t be in the 10s of millions of sats in our lifetimes is an idiot in my opinion.
To add to this further, I’ve stopped checking or maintaining a credit score. The bankers and the “lenders” who want me on a debt hamster wheel can GO FUCK THEMSELVES.
I would rather try and save honestly in Bitcoin for the things that I want and fail, then cheat and become a debt slave. The freedom of owing nothing to anyone but yourself is unmatched.
No
What mobile wallets currently support coinjoin as option or default
GM
THE INDIVIDUAL HAS THE RIGHT TO PRIVACY BUT THE STATE HAS NO RIGHT TO PRIVACY. #BITCOIN TRANSPARENCY IS IMPORTANT SO THE PEOPLE CAN WATCH WHAT THE LEADERS ARE DOING WITH THE MONEY, IT'S THE STATE THAT SHOULD BE PREVENTED FROM USING PRIVACY TOOLS NOT THE INDIVIDUALS
#BITCOIN
What are the best options for mobile-only users?
Holding to the premise that a large segment of the world population will always be mobile-only.
Have these solutions been built yet? Or are we #stillearly ?
Find out more details about all the protocols and implementations at coinjoins.org
Which coinjoin do you recommend?
