How Anonymously Do You Use Bitcoin? \ stacker news ~bitcoin

1341 sats \ 20 comments \ @Jon_Hodl 8 May 2023 bitcoin

I have been working on helping some newer users at my local meetup to take a bunch of privacy-enhancing steps to better secure their bitcoin. I've been helping them to stack private sats, run their own nodes, and some have even begun to CoinJoin. It's been very rewarding.

Instead of repeating myself over and over again every time I get a question, I spent a good bit of time to put this article together so I can share it with them and they can do some research on their own. I would love some feedback if you have the time to even read the table of contents or skim the article.

How To Use Bitcoin Anonymously

Constructive criticism always welcome and let me know if there are ways to use bitcoin more anonymously. Thanks in advance.

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238 sats \ 6 replies \ @rothbardllc 8 May 2023

My unsolicited opinion, offered in the spirit of friendly cooperation:

After having extensively studied the history of US financial crackdowns and repression, my conclusion is Coinjoins of any kind are not worth the downstream risk.

If you coinjoin, you are putting yourself in a bucket earmarked for regulatory scrutiny. They WILL be looking at you at some point, in the same way they look at Belize bank accounts, Panama visa cards, and so on.

Better to be a nameless, faceless, clueless bitcoin speculator who lost everything along the way. They understand that, and fits in with their preferred narrative.

22 sats \ 4 replies \ @benthecarman 9 May 2023

cuck mentality

0 sats \ 0 replies \ @rothbardllc 9 May 2023

Oooohh.....Big Man Dogmatic in the house.

Literally your only job when it comes to regulators is to make sure they don't notice or care about you.

But go ahead and raise your hand: "over here, over here, I'm not a cuck"

0 sats \ 2 replies \ @Jon_Hodl OP 9 May 2023

You CoinJoin all sats?

42 sats \ 1 reply \ @benthecarman 9 May 2023

I don't let governments decide for me if i am gonna coinjoin or not

0 sats \ 0 replies \ @rothbardllc 9 May 2023

Or you can buy some Bitcoin on MEXC with no KYC and transfer it to a new wallet.

But you do you.

You can also light yourself on fire in front of the US treasury, to prove your lack of cuck mentality.

9 sats \ 0 replies \ @Jon_Hodl OP 8 May 2023

Valuable insight. I wouldn't CoinJoin any KYC sats but if you ever get a hold of any private sats, I think it is a good idea to CoinJoin before spending to make it impossible to know for sure where they came from.

I'll keep what you say in mind though.

51 sats \ 2 replies \ @DarthCoin 8 May 2023

Here I wrote several guides about this aspect:

Fun fact: did you know that OBW mobile LN node is providing a new nodeID each time you create a LN invoice, using a HC (hosted channel)?

BTW, hosted channels can be run on your own public / private node (so will NOT be custodial), as I explained in this scenario.

NOTE: I do not use anymore coinjoins and stuff like that. I use the 3 levels of stash and a heavy amount of LN channels. If you know how to use a LN node (public and/or private) and also non-kyc custodial services (as decoy), absolutely nobody could find your stash.

0 sats \ 1 reply \ @Jon_Hodl OP 8 May 2023

Thanks so much for all of this, Darth.

I now have like a dozen new rabbit holes to go down.

Do any/all of these protect against bad actors snooping on channels and payments that get routed?

0 sats \ 0 replies \ @DarthCoin 8 May 2023

Read them and you will find out. If you want more "protection" use a decoy node in front of all those private nodes. HC from poncho are the best.

21 sats \ 1 reply \ @siggy47 8 May 2023

Excellent guide! Thanks

0 sats \ 0 replies \ @Jon_Hodl OP 8 May 2023

Thanks so much! I hope others find it useful as well.

0 sats \ 0 replies \ @guts 9 May 2023

Is Monero a "no no" word on stacker news?

0 sats \ 0 replies \ @faithandcredit 8 May 2023

deleted by author

0 sats \ 5 replies \ @siggy47 8 May 2023

I'm an open book. I'll be the point man who gets taken out first when the war starts.

20 sats \ 2 replies \ @Jon_Hodl OP 8 May 2023

I don't like to hear this sort of bearish sentiment.

This should read something more like..."I'll be the point man who spearheads the resistance and leads one of many pleb legions to victory when the war breaks out."

21 sats \ 1 reply \ @siggy47 8 May 2023

You're right!. I'll put on my mail shirt and lead the charge!

108 sats \ 0 replies \ @Jon_Hodl OP 8 May 2023

That's what I like to hear. It's all a state of mind.

Stay the course, brother. We are gaining ground.

0 sats \ 0 replies \ @scottathan 8 May 2023

Hey, we're living during some of the best years of development for Bitcoin privacy. No time like the present to learn

0 sats \ 0 replies \ @scottathan 8 May 2023

Hey, we're living during some of the best years of development for Bitcoin privacy. No time like the present to learn