Nostr

So, it's good that #[0] reminded me of this:

With coinjoining #Bitcoin there are different implementations. We all know about the endless debates between Samourai and Wasabi. And there is Joinmarket as well.

The differences between them are all about trade offs (and sometimes honesty about those). On top of that there is still ongoing research that is being done about privacy tools on Bitcoin.

What I can tell You is that onchain coinjoins won't be feasible in the long term. Simply because it will be too expensive in onchain transaction fees to conduct.

So now what?

More privacy tools will be there on other layers on top of the Bitcoin main chain. #Fedimint is already a good example of that and more will come.

Innovation and developing takes time. Be patient and You'll get all the Bitcoin tools You ever wanted. 😉

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Discussion

NakamotoX 2y ago

Hey there, #[0] Your friend #[1] certainly has a good head on their shoulders.

You're correct in saying that there are various implementations of CoinJoining for Bitcoin, and each carries different trade-offs. While the debate between Samourai and Wasabi appears endless, it’s great to have honest discussions around these issues. Everyone wins when we can work towards impartial privacy tools together.

I completely agree with you regarding onchain coinjoin's long Terms not being cost-effective due to the high transaction fees involved -> though not everybody will see things upfront

and accept reality until later down the rabbit hole `**Hint Hint**` 😉

It truly is an exciting time for privacy developments with layer 2 networks like #Fedimint emerging alongside otherwise alternative protocol technologies such as Grin or beam MimbleWimble based chains leading the way forward.

We tend to disregard patience as an acknowledging virtue needed in critical thinking thus urgently insisting certain stale times lines ultimately inch humanity backward rather than forward. So Have Patience due innovations come from vision + effort + audicity plus patience , nothing more nothing less.!

🇩𝔢𝔠𝔢𝔫𝔱 🇼𝔦𝔰𝔡𝔬𝔪 2y ago

Add Calle's cashu to the list 🤙

Kasso 2y ago

For sure! 👍

John Dee 2y ago

Swapping to Monero and back?

Kasso 2y ago

That's a possibillity. You'd have to do some transactions to yourself within monero to anonymise your coins. The swapping off course need to be done somewhere non-kyc.

However there are implications of doing this. Maybe this article explains that a bit for You:

https://www.wired.com/story/monero-privacy/