Nostr Web Client

But that's not the only privacy problem.

You can map it easily - the customer knows to which address they paid you. They will eventually see other income you receive because you join the utxos. They see your whole revenue basically.

Clustering is easy and they can watch you...

Unless you really know what you are doing (and forgive me, but it seems you don't), you'll get doxxed to customers and to the merchants you pay at the same time.

So Tachi 5mo ago 💬 1

Consolidate your UTXOs to a new address 🤷🏻‍♂️

I’m happy to be proven wrong really, I genuinely think Bitcoin is private with very minimal effort.

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Discussion

Juraj 5mo ago 💬 1

That consolidation will doxx you

So Tachi 5mo ago 💬 1

To some extent yes, coinjoin definitely won’t.

Bitcoin is not private is simply not true, it can be private if you want to.

If you don’t want it to be, it’s also entirely traceable. And that’s a feature too.

Juraj 5mo ago 💬 1

Coinjoin will reduce the value of your coins. You might be in a circular economy, but it often happens that the recipient refuses coinjoined coins, because they know they will be refused by the exchange.

Also, very few people actually do coinjoin. Most just talk about it. And it is not something that normies would do.

Lightning is actually better for this. But it still is easy to doxx yourself, especially if you mix onchain and lightning.

So Tachi 5mo ago

You are mixing exchange KYC to the issue.

In an economy where Bitcoin is widely accepted, things like coinjoin and other privacy practice will be seen as normal.

As a merchant, rotating your address even once a week will make it very hard for an external observer to tell how much you make in a year. Not all your clients will want to doxx you.

Even without perfect privacy practice, Bitcoin makes your wealth much harder to audit to an external observer.