That does not guarantee privacy, unless you are extra careful not to join the addresses in one transaction.
I actually do this when earning bitcoin and it’s a bit like surgery, you need to know very well what you are doing.
Discussion
Wasabi fixes this
A lot of the privacy issue is solved by just getting paid in Bitcoin.
Once the economy work entirely on Bitcoin and I believe it will, soon enough.
Good luck mapping all addresses to a physical name.
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.
Use coinjoin to consolidate your UTXO.
Use lightning or cashu for small payments.
Privacy is not that hard on Bitcoin, you can use some wallet that will enforce it for you.
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.
That consolidation will doxx you
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.
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.
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.