Global Feed Post Login
Replying to Avatar Entropy

Unpopular opinion:

Coinjoining is not something to proceed with unless you are willing to do a lot of research and understand what you are doing, and what the best practices are.

Failing to do so will likely result in burning a lot of sats in fees for no privacy gain whatsoever.

You also have to realize that the other people coinjoining with you might compromise their privacy in a way that makes it more clear who owns what.

I'm not saying it's not worth doing, but be aware that it's not a push button solution without any other considerations.

Avatar
Saberhagen The Nameless 2y ago

Agree. Many caveats and pitfalls. Better than nothing though. BitcoinQnA one of the best guides to Bitcoin privacy. Prepare to read!

https://bitcoiner.guide/privacy/

Also, here are some additional weaknesses of coinjoins.

https://localmonero.co/knowledge/ring-signatures-vs-coinjoin

Reply to this note

Please Login to reply.

Discussion

No replies yet.