nostr:npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt question for you if you see this. It looks really cool and have started messing around with it.
I read in the terms of service basically that they can suspend coinjoining if found to be used in illegal transactions?
I understand there are black listed addresses that would be blocked/suspended but does this mean wasabi has to keep track of the transactions or try follow them. Say a situation where I’m not blacklisted but then a government asks for details on me/blacklists me after a coinjoin.
Would wasabi be able to give up my privacy after the fact? Will they ever ask for information up front for compliance reasons?
Thanks a million
Wasabi is built in such a way that the client does not trust the server, and no sensitive personal information ever leaves your laptop.
This means the coordinator (with whom you agree to the T&C) does not know your IP address, name, or which addresses belong to you.
You only trust the coordinator with uptime, meaning that it is expected that some addresses might be rejected from registering. In this case still nobody can steal your bitcoin, and you can spend them wherever you want.
Ah nice one so it’s trustless and just facilitates the transactions. Nice one thanks for that!
So the main value prop here vs other mixers comes from how easy to use it is ? Hence the “service” fee. So then does the coordinator still pull from an open pool of transactions? Say people who are wanting to coinjoin through whirlpool ? Or are these different protocols and so have different anonymity sets ?
I couldn’t find it in the docs but just link it if so. You’ve taken enough time out to reply to me. Much appreciated btw.
Wabisabi differenciates itself by having extremely low cost.
First, the UX is trivial and everything is automated, so there is little educational cost.
Second, the time until your entire wallet is private very short, so there is little time cost.
Third, the blockspace consumed is managed very efficiently, so there is little mining cost.
Fourth, not even the coordinator can steal from you, so there is little rug-pull risk cost.
Wasabi, BTCPay, and Trezor Suite users all participate in the same coinjoin transaction, and other wallets can implement this protocol too.
