CoinJoin acts as an opaque wall in a timeline that transactions pass through. If a sender of bitcoin coinjoins, the recipient is unable to determine how the sender obtained the funds.
From its inception, Bitcoin was meant to be disruptive. and for over a decade, it has made giant leaps as a decentralized currency despite concerted efforts to subvert it. The fact that bitcoin is still here means that it's needed and has a role to play in the future.
There are other important aspects of good money, which currently Bitcoin is not optimally designed for. Specifically, the fungibility of money...In the worst case, this open transaction history is the basis for a dystopian surveillance system.
Not enough people understand the value proposition behind Bitcoin. If they did, then the motivation for coin mixing and coinjoin services would become much more clear. Hence, the first step to destigmatize these services would be through education.
Wasabi 2.0 makes privacy easier, more affordable and more acceptable. Everyone will be able to use the open source software with the CoinJoin coordinator that they like the most and poses the smallest amount of compromises.
WabiSabi is a novel communication protocol for creating bitcoin coinjoin transactions with arbitrary amounts. It is a concept with roots going back to the early days of bitcoin, even the earliest beginnings of digital payments.
Addresses are designed to receive bitcoin and are supposed to be disposable with every use. Unless your money matters are meant to be public, reusing an address will always make sure your balances are open for everyone to see.
Environmental impacts are not denied here but comparatively lower than what adversaries have painted over the years. Hopefully, solutions to completely eliminate negative energy and carbon footprints from the mining ecosystem are achieved soon.
This article should be taken as a rough outline of the hurdles Bitcoin’s privacy has to overcome over the next few years to establish itself as the global monetary standard providing the fundamental right to privacy for everyone.
There is a limited amount of time before the public utility borne of Satoshi’s vision is quashed by the centralization of power and wealth within and around the Bitcoin ecosystem.
Bitcoin can enable anonymous digital transactions, but it is good to understand where anonymity on Bitcoin can degrade. By understanding how anonymity can be eroded on bitcoin, one can then understand how anonymity can also be preserved.
The Relai party was held at Relai’s office in the beautiful city of Zurich, Switzerland. In fact, it’s exactly on top of the building where The House of Satoshi is located.The space was created to educate people about bitcoin.
The right to privacy is an essential human right. Coinjoin technology being pioneered by the Wasabi team solves the Bitcoin privacy issue in beautiful ways.
The road ahead of us is still long, but with consistent usage of available privacy-preserving tools, we can get there. It just depends on all of us to keep on coinjoining so that on-chain surveillance becomes nearly impossible.
Government control of money goes all the way down to the individual user of money. If you are able to control who spends state-issued money on what and how, then you can essentially enslave the population
