I have a #question for #askNostr
why would use a coinjoin for anonymity when they could just swap into XMR and then swap out , right?
Discussion
Just use an exchange it's the same risk level
Yea that's a legit way to anonymize, but depends how you do it. If you just swap BTC -> XMR then XMR ->BTC on the same exchange that is worse than coinjoining and trivial to know it's the same person.
Better to do the swaps p2p with different peers, or at least do it with different exchanges. Swap back different amounts. Don't swap it all back in one shot. Wait some time before swapping back. Hours to days. Do behind Tor or at least a decent VPN like Mullvad or IVPN.
Yea , p2p exchange was what i was thinking and that makes sense. Can't zap your note...
There are probably more users doing coinjoin than swapping xmr-btc on the exchange.
One pro about xmr-btc swaps is there is no trace on either blockchain that a swap has occurred (better if done p2p with different peers though or at least use different exchanges) while it's very apparent that someone has coinjoined their bitcoin in most cases
That's was precisely my thought!