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21 sats \ 1 reply \ @TheBTCManual 2 Sep 2023 \ on: I think that Simple Swaps BTC->XMR->BTC are better than mixing. Change my mind bitcoin
I don't use monero or ever owned it, but if its unique selling point is forward privacy it would compete with all the privacy options available like coinjoin onchain/statechain mixing based on fees right?
When you mix with Bitcoin you pay natively a fee depending on your method and thats your privacy premium, on XMR you're taking on other costs, like movement between the price of Monero and Bitcoin, depending on the settlement length you could stack fees because I assume its 1 BTC transaction, 1 XMR transaction, 1 BTC transaction.
It can work out cheaper it could not
Isn't Samurai Wallet offering these kinds of atomic swaps? Are there any stats on the adoption of this offering? I always say let the market decide, incentives are set and let it play out
Yes. Samourai Wallet understand this problem and is probably the Dev team that has worked the most in improving the privacy of the Bitcoin transactions with clever features like running over TOR, StoneWall, Ricochet, PayNym, Batch Spending, Cahoots (a suite of tools to create and handle collaborative peer-to-peer CoinJoin transactions between two wallets) and Whirlpool, and as you mention, now working on atomic swaps, but the feature is still under development, they have posted in X few videos showing that a beta version is already being tested and functional but nothing for the public yet.
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