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136 sats \ 2 replies \ @2bithits 27 Oct 2023 \ on: How would you summarize the trade-offs of Coin Join? bitcoin
If you want to sell your BTC on a centralized exchange at some point in the future, its not a a good idea to coinjoin.
I believe bitcoin is best used p2p so I have coinjoined everything as a statement to say this is never going back into an exchange. It will one day be spent p2p on a product or service accepting BTC.
Coinjoins obscure the history & gives the attacker a bit of doubt not to go through with it.
Also once you CJ you need to be careful how you spend the UTXO. I find this isn't talked about enough in the space
once you CJ you need to be careful how you spend the UTXO. I find this isn't talked about enough in the space
100% agree with this. That's what I'm trying to foster here. Stating the facts. Blanket statements are not helpful.
The workaround moving UTXOs back on to an exchange is to use lightning. Without lighting this is a very valid issue.
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Right
I hear that liquid also works. As in you swap to CJ UTXO into liquid, then back out & it becomes "clean" again.
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