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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.

ƝαŢꀌαɳ_Ðгαƙ૩ 2y ago

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

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Discussion

DiceRolls 2y ago

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.

https://www.youtube.com/watch?v=SSf0_To8GmE

ƝαŢꀌαɳ_Ðгαƙ૩ 2y ago

Yes, I understand that. I wonder if Coinjoin also makes sense for kyc-stacks?

For forward privacy yes. But all in all?

TheZenLlama 2y ago

You can also sell your KYC stack on non-KYC places?

TheZenLlama 2y ago

And buy to a fresh wallet non-KYC coins.

TheZenLlama 2y ago

But be aware of tinting or how is it called.

. 2y ago

yes but the point anon is making is a normal paper trail is easy to show the feds you sold it back to be free of kyc obligations in the future

TheZenLlama 2y ago

Aha, I see! Thanks! 💜🫂🦙

DiceRolls 2y ago

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.

Deleted Account 2y ago

Or just have 2 piles of Bitcoin , a KYC stack and a NONKYC stack. And never mix the two.!

Begemot 2y ago

There are other ways.

Zaikaboy 2y ago

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

deleted 2y ago

It still gives you forward privacy benefits on kyc'd corn that you want to spend in the future. Obviously if your intent is to ever sell the corn back to the exchange, dont mix it.