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1046 sats \ 4 replies \ @OT 20 Nov 2023 \ on: Dreaming about CoinJoin at protocol level bitcoin
I remember Peter Todd talking about this (think it was on bitcoin takeover pod).
It would be hard to coin join over a certain amount. Imagine someone sending 1000 bitcoin, there would need to be a HUGE pool to match these tx.
Then the other problem would be that these "decoy" TX will be taking up a lot of block space. It will be expensive & harder to get into a block.
I like the idea, but I think having a large liquidity pool that you can use to coin join & collaborative TX would be best. Imagine if samurai, wasabi all used join market together like a happy family, we'd have the cheapest CJ as competition does its thing.
Man, with just few wisdow words you made my dream a nightmare 🤢
Anyway I've to totally agree with your points cause you're absolutely right expeciallt about block space and price to get into a block.
Sad is I have had a hard wake up.
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I think it would require at least a softfork. It might be hard to get consensus on something like this. Maybe if chain analysis gets perfected, then everyone might agree
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Haha, yeah I liked the idea after hearing PT mention that one time. There might be a way to do it, but I haven't heard it yet.
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