Ill ask. How can i use bitcoin more privately? I know Lightning helps but its not enough right?
Discussion
You can swap to #monero and then swap back into #bitcoin on a completely separate wallet. Then your transactions from that wallet will be "pseudonymous" which means they will be identifiable as coming from that wallet, but if no transaction coming from that wallet is connected with any KYC service then any expert eye will be only able to see what you are doing with that wallet without knowing it is you.
If you want to transact with cryptocurrency anonymously so that no transactions can be linked with each other, no amounts of transactions are visible except to sender and receiver who have necessary keys you can just use #monero to transact.
My sound advice would be to anonymize your wealth changing to #monero and then to #bitcoin and store #bitcoin in cold storage.
Then move much smaller amounts to #monero to transact anonymously and with peace of mind with others.
#Monero at the moment is the simplest solution, hopefully #bitcoin will implement these features AFTER it gets mass adoption so there will be no excuse for government criminals to obstruct the growth of #bitcoin.
nostr:npub168ru0yfmxud7m9hcrnrtre6j3xp68u8kkd0vw20zjrwmpjw9y9zqden9jtwould tell you that you have to mix your coins and pay insane fees with very good wallets such as Samourai Wallet.
Do not use Wasabi Wallet for mixing as they already betrayed their users.
No need to be a maxi, you can just understand the pros and cons of each technology and use it to your advantage.
God speed brother.
I don't think I would advise going from "btc -> xmr -> btc" because it is trivial to trace by timing and/or amounts and figure out it was the same person with high probability. This would be much better:
1. btc -> xmr -> spend xmr
2. btc -> coinjoin -> spend btc
But if you still want to, you can do a few things to make it much more difficult to trace:
1) Wait at least a day before swapping back into btc, but the longer the better.
2) Do not send the same amount back into btc in one go. Break it up into chunks. DO NOT consolidate after.
3) For the first swap (btc -> xmr) do on exchange A, for the second swap (xmr -> btc) do on exchange B.
4) Do all this behind tor/i2p or at least a good VPN (mullvad, ivpn, safingIO spn). Change your tor identity or vpn server for each swap.
Thanks for clarifying. Yes timing attack is a thing, better to wait between one swap and another. The best thing to swap BTC to XMR and then again to BTC would be to break the amount into pieces and send use different services to swap the different pieces.
You also should use a VPN or Tor constantly and change often the IP you are using.
That sounds very time consuming and tedious unfortunately.
Lightning is is enough, IMO.
The ecash idea is cool but makes me worried I’m gonna make a mistake and get rekt.
Spend more time and money coinjoining to attain and maintain inferior privacy. In addition to taking on the mental burden of coin control and accidental consolidation and second guessing if you did it correctly.
Or simply use a better tool for this, Monero, while continuing to save in Bitcoin.
Do Monero zaps exist? I wanted to zap you and I see you did not set up a lightning address.