Poll: Do you support a decentralized Bitcoin Mixer? \ stacker news ~bitcoin

Imagine I might have received onchain payment for some work done from somebody, who knows my identity. Then I use that UTXO to open new LN channel from my node, without using coinjoin. At that moment person / company who paid me with 50/50 probability knows pubkey of my home LN node that otherwise runs over Tor and are anonymous.

0 sats \ 2 replies \ @Bell_curve 10 Jul

+1^2

13 sats \ 1 reply \ @kristapsk 10 Jul

1 ^ 2 = 1 :)

0 sats \ 0 replies \ @Bell_curve 10 Jul

1^3 cheers!

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0 sats \ 5 replies \ @DarthCoin 10 Jul

Use the 3 levels stash and all will be fine. Think like a bank, not just be like a bank...

https://m.stacker.news/39059

And there's no need to open a LN channel directly with the received onchain sats. You can also buy a channel from a LSP and not reveal that UTXO. Are many ways to hide your channels...

13 sats \ 4 replies \ @kristapsk 10 Jul

Doing coinjoins in step 2 is simpler and more private. When you do onchain vs LN swap, swap provider can correlate onchain TXO with LN node pubkey. Which means you need to do more than one LN wallet, adding extra hops there, where, again, coinjoin is simpler. Basically, you are trying to avoid coinjoins at all costs, even if it means spending more time and effort. That doesn't seem rational to me, but your choice!

0 sats \ 3 replies \ @DarthCoin 10 Jul

I am not against coinjoins. I use them in the past. Only that now with LN I find them just as another way for "cash-grab" from fools. So I do not use coinjoins anymore. And I know very well how to use LN with many nodes and wallets.

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0 sats \ 0 replies \ @Bell_curve 10 Jul

13 sats \ 4 replies \ @DarthCoin 10 Jul

Coinjoin was used in a pre-LN era and was good for those times. Now is kind of obsolete and like a honeypot trap and a tool for "cash-grabbers" fooling noobs. If you still don't know how to "lose trace" using LN, it means you still have a lot to learn about LN.

13 sats \ 3 replies \ @petertodd 10 Jul

Lightning and coinjoin are two different ways to achieve privacy, with different trade-offs. They complement each other. Which is why I use both. In particular, I often protect coins with Wasabi, and then use those protected coins to open Lightning channels to get the funds back into Lightning.

13 sats \ 2 replies \ @DarthCoin 10 Jul

I used Wasabi and Whirlpool in the past, in the pre-LN era. I don't use them anymore. Not useful for me. LN is enough for what I do with BTC.

34 sats \ 1 reply \ @petertodd 10 Jul

Don't put all your security eggs in one basket...

13 sats \ 0 replies \ @DarthCoin 10 Jul

watch me, using the 3 levels stash

https://m.stacker.news/39041

13 sats \ 10 replies \ @petertodd 10 Jul

Yes... if it actually works. Unfortunately that's not a trivial problem.

Joinmarket has a decentralized way to basically pick coordinators. But there are pluses and minuses to it vs Wasabi.

43 sats \ 1 reply \ @kristapsk 10 Jul

Joinmarket has a decentralized way to basically pick coordinators. But there are pluses and minuses to it vs Wasabi.

I would disagree with this description. Every person who initiates coinjoin and acts as a taker is coordinator and just picks other participants (makers) who provide liquidity, but coordinator is a taker side.

34 sats \ 0 replies \ @petertodd 10 Jul

That's fair enough; I was using "coordinator" very loosely in that sentence.

1 sat \ 7 replies \ @1440000bytes 10 Jul

Joinstr actually works and has no directory nodes like joinmarket or fidelity bonds requirement.

Wasabi is the worst possible way to do coinjoin.

103 sats \ 3 replies \ @kristapsk 10 Jul

How is Nostr relay requirement different from JoinMarket directory node requirement? It's just a different protocol to pass messages. And Nostr could be used as messaging channel for JoinMarket too, if somebody implements it. But I don't see much advantages there over JM onion messaging channels. And directory nodes isn't strict requirement, IRC messaging is still supported too.

Fidelity bonds isn't strict requirement too, you can still do coinjoins without them, it's just a measure to prevent sibyl attacks. Basically, if you run maker without a FB, you will just have coinjoins happening less frequently.

0 sats \ 2 replies \ @1440000bytes 10 Jul

There are no hardcoded relays used for bootstrapping.

23 sats \ 0 replies \ @kristapsk 10 Jul

There is a idea to add some gossip protocol to JoinMarket, so that configured directory nodes are used just for bootstrapping. https://github.com/JoinMarket-Org/joinmarket-clientserver/issues/1445

13 sats \ 0 replies \ @petertodd 10 Jul

That's a cop out. You've just made it annoying to use without changing the underlying model.

13 sats \ 2 replies \ @petertodd 10 Jul

Nostr relays are equivalent to directory nodes, as Nostr itself is centralized. And getting rid of fidelity bonds just means you've gotten rid of an important safety mechanism that makes Sybil attacks harder. Joinstr hasn't replaced that with another mechanism, making it less secure than Joinmarket.

0 sats \ 1 reply \ @1440000bytes 10 Jul

Joinstr will use aut-ct for sybil resistance. Recently waxwing fixed some things to make python bindings possible and will be added in next release of electrum plugin.

13 sats \ 0 replies \ @petertodd 10 Jul

aut-ct is a form of fidelity bond. A rather weak form...

0 sats \ 0 replies \ @SatsMate 11 Jul

Yes - I do! I think ecash could be a nice way to leverage more privacy as well??

0 sats \ 0 replies \ @16d86e9daa 10 Jul

I support bitcoin mixer given the fact that these platforms utilize a technology that intertwines all transaction addresses with one another, which are then recorded in the fully accessible blockchain

0 sats \ 0 replies \ @zapsammy 10 Jul

i do not support a tool that wastes my time and money.

0 sats \ 0 replies \ @karanjajes 10 Jul

Will it really work? If does then it would be good to go

0 sats \ 0 replies \ @Gendon 10 Jul

When we gambling for win everiday

0 sats \ 0 replies \ @NaOD 10 Jul outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.