A decentralized whirpool coordinator but samourai will continue to charge fees centrally.
😂
#Honeypot
Discussion
I recently used Liquid instead of samouri and sparrow. The reasons why is the trust involved with Liquid was easier to discern than potential hot wallets or what was happening with the joins. I might not understand the joins enough but yeah. You're saying it's a concern.
Sparrow was what looked the most legit but my feeling was it's a hot wallet, thus = risk.
Liquid is very interesting. It's not for your pension fund but it's a great in-between step : between small lightning amounts and bigger amounts in cold storage. I can live with the federation tradeoffs for limited amounts. I appreciate the extra potential privacy. However, I really wish we could have coin control on liquid. Last I checked, neither Green nor Elements had coin control for liquid.
do you prefer liquid over ALL whirlpool clients?
From memory, when they started : they were closed source for a while and they also even used a web blockchain explorer for their app without telling us (not exactly privacy friendly). Someone else had to figure it out. I remember that Greg Maxwell said on reddit at the time that he wouldn't use that project. So I don't use it.
I also don't want to use Wasabi since they use a chain surveillance company.
So it's down to joinmarket for coinjoins.
But onchain tx fees being what they are, it's tempting to play around with lightning, liquid, payjoin, etc, I'm also bullish on e-cash token applications like minibits, cashu, etc. I think it may help for privacy going forward.