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11 sats \ 8 replies \ @xz 26 Oct 2023 \ parent \ on: Coinjoins are NOT the way bitcoin
What are the reasons?
When you do a coinjoin it is extremely obvious on-chain. This essentially doxxes you as a privacy seeking user, and we've seen this bite people in the ass before with exchanges asking what they were doing pre-coinjoin.
There are other reasons as well like how long they can take to get sufficient privacy while also being expensive.
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This essentially doxxes you as a privacy seeking user
You mean a perfectly normal person?
Denormalizing privacy seeking behavior is really bad. Everyone should coinjoin specifically to normalize it. The same way everyone should pay cash.
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we aren't going to get everyone to coinjoin because it is expensive. we should be able to blend into the crowd, not make a separate crowd just for privacy people
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I get your point about the implications and potential to bite asses.
I suppose it's just a sad fact that it's a sad world, with no privacy.
The expense is subjective. I guess if someone wants to pay for encrypted email services, this is completely warranted and legal. I could not use private communications to transact?
Or we are going to move to all communications are monitored. Even letters in the post?
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Thanks for the reply.
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80iq right here
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👀
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💯
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