CoinJoin doesn’t guarantee privacy—it just buys you a chance at privacy. One slip post-mix, and intersection attacks can trace you all the way back. Leaks compound fast, and even “perfect” mixes can collapse under real-world pressure.

Check out this post written by Spiral’s Bitcoin Wizard @not_nothingmuch. Like the previous post in The Scroll series, this one accompanies and elaborates on a video presentation.