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20 sats \ 2 replies \ @DarthCoin 11 Sep 2022 \ on: Want privacy? Use SideSwap! bitcoin
LN is much useful for that.
Example:
I can create an anonymous account on SN. So I have instant LN address and LNURL, LN wallet to send sats.
Buy BTC from any exchange you want, onchain or LN, even with Robosats.
Send sats to your SN account.
Send from SN account to any swap you want to use, (even LNTXBOT have now sap to onchain) and send to any new created onchain UTXO.
Done, I don't even need to use any of my existing onchain wallets, I can always create a new one, anonymously.
All this paranoia with coinjoin, mixing onchain is useless. Use LN, if you know how and you can sleep well.
BTW, I don't give a shit about any gov that will possibly ask me about "why I bought BTC from X exchange". My answer will always be like "Who the fuck are you to ask me about my own money".
Going through LN (e.g. SN) is good to break onchain path for smaller amounts. If the person is worried about IP tracking, then they can access SN over Tor.
For larger amounts this gets trickier. What are the liquid volumes on SideSwap?
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That’s a good question. I’m not sure how much BTC is pegged into the liquid side chain I know SideSwap is the easiest way to get L-BTC and I agree with small amounts LN works but for larger amounts it could be a pain
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