Replying to Avatar Alan ₿

Another concern I’ve been pondering — What if authorities go after anyone who bought from a KYC exchange, and the mixed their UTXOs via Wasabi, Whirlpool, or JoinMarket?

My understanding is that collaborative txns are easy to spot on-chain. And if that is made illegal, people could be in trouble for the sole act of mixing, even if the sats themselves can’t be tracked post-mix.

The Roman Sterlingov + Bitcoin Fog case comes to mind. Also the tornado cash case in ETH world.

What can we do to make collaborative txns look the same as any other txn?
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Joda 2y ago

I think what's most likely is that the governments will ban accepting BTC if it didn't come from KYC. So all the people currently coinjoining for privacy will be locked out of legally spending, and their mixed coins will not be accepted at fiat offramps. They are locked into the circular economy, for good or bad.

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