Basic things you need to know about Bitcoin & Coinjoin \ stacker news ~bitcoin

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Basic things you need to know about Bitcoin & Coinjoin ungovernablemisfits.com/basic-things-to-know-about-bitcoin-coinjoin/

151 sats \ 13 comments \ @Valley_D0g 24 Mar 2022 bitcoin

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5 sats \ 3 replies \ @gmd 25 Mar 2022

Saw this analogy for coinjoin on twitter- thought it was pretty hilarious: https://twitter.com/Fredilly/status/1506275125515395072

21 sats \ 1 reply \ @Valley_D0g OP 25 Mar 2022

brilliant

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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1 sat \ 1 reply \ @Gar 25 Mar 2022

Recent events have really shown the necessity for coinjoin. Most people, even long-time bitcoiners do not make the effort.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 3 replies \ @thrown 25 Mar 2022

There are different types of Coinjoin implementations, each with their own take on the same basic idea

problem 1

There have been a couple of instances that exchanges has flagged users that have been tracked to or from a Coinjoin service

problem 2

are these even fixable? if so, how?

2 sats \ 1 reply \ @0xtr 26 Mar 2022

Problem 2: Centralized exchanges are a privacy hellhole so no, I don't believe that is fixable. Political lobbying in favor of financial privacy could help a bit but I don't think that's going to help much tbh. Ultimately, centralized exchanges that store KYC information should be avoided and we should increase the use of P2P transactions instead.