Whirlpool going down increase #Monero usage? 🤔
(Just a thought, not trying to stir shit up.)
Discussion
Hopefully it just increases the number of people who use Joinmarket
Decentralized âś…đź‘Ś
What about wasabi?
They use chain analysis to surveil potential incoming UTXOs. Without evidence I am guessing this makes them easier to Sybil attack.
Not great, but worse case is they'll just reject you from participating. You can use a different coordinator if I'm not mistaken although in practice this seems difficult to find...
I would argue the worst case is that any mixer doesn’t actually provide privacy but people think it does, e.g. law enforcement is Sybil attacking plus most people eventually dox their own coins.
Yeah… this type of privacy does not scale.
I don't know about not providing any privacy, but you're right privacy could definitely be reduced from what we expect it to be...
You could always use Monero to "mix". While it's sender privacy could potentially be just as reduced by Sybil attacks, amount and receiver privacy are not affected since they rely on encryption via CT and Stealth Addresses. No centralized coordinators or extra fees either.
I've been trying to use jam. What other methods are out there for joinmarket?
Joinmarket is not very beginner friendly imo. Monero is just about better in every way if you're looking for private transactions. It doesn't exclude you from still using Bitcoin to save either.
I will watch this