I'll go with Wasabi, but I'm not planning to be part of that endless debate between the 2 companies. 😅
Discussion
Yeah, I don’t want to start this debate either. I’m just curious about the provided anonymity.
Why are you choosing Wasabi over Whirlpool?
Because I've talked multiple times with Nopara and others about the trade offs of both ways of coinjoining. So yeah, maybe I'm a bit biased.
I wish that You've got more answers in here to your question. When I see such a good question with no answers, I'll try to answer it. It's sad to see that nobody else replies.
Don't let it discourage You from learning bitcoin tools. 👍
I appreciate your answers. Thanks!
It is a bit disappointing though that on especially on Nostr I’m not getting satisfying answers to my questions about Bitcoin. My last three questions were unanswered. Maybe it’s because the wrong people are following me. But even asking directly people doesn’t always work. I tried to get Odells opinion on Wasabi but he ignored (or didn’t see) my question.
Anyway. Thanks for your answers
Keep in mind that if You want to keep your anonymity set , re-coinjoining is needed after some time. It's because outputs of others get de-anonymised over time as they transact those sats at some point to party's that are being followed by chain analysys companies. 😉
Is there a difference between doing 5 mixes straight away or doing 3 now and 2 in a year?
Good question! 👍
Yes there is, I'll try to explain:
Let's say You do coinjoin now 5 times in a row. With each coinjoin there are in total 20 different participants, so per coinjoin You'll get an anonymity set of 20. After 5 times, You now have an anonymity set of 100. So far so good. But after a week, another participant of one of those coinjoins You've participated in, decides that he wants to sell his sats on a kyc exchange. By doing that, his sats are de-anonymised. But it has implications for your anonymity set too, because one of the coinjoin outputs got 'doxed', so effectively your anonymity set became 99 now. As You can imagine, over time more of those coinjoin participants do stuff with their coinjoined sats and are 'doxing' their sats, so your anonymity set decreases because of that over time, eventhough You didn't do anything with your coinjoined sats.
If You'd do again a coinjoin after 1 year and there are again 20 participants in that coinjoin, You are sure that You've got at least an anonymity set of 20 again per coinjoin at that moment again.
So as You might understand, getting privacy by coinjoining is one thing, but keeping privacy is another thing.
Also, if You get multiple outputs from a coinjoin, for instance 2 utxo's of 0.05 btc, never move them after a coinjoin to the same adress. Because by doing that, You'd show chain analyses companies that those 2 piles of sats belong to the same person which off course already decreases your anonymity set of your sats.
Let me know if this explainating made sense to You. 😃