reply on: We are Trezor, the open source hardware wallet pioneer. Ask us anything! \ stacker news ~bitcoin

pull down to refresh

721 sats \ 9 replies \ @hynek OP 5 May 2023 \ parent \ on: We are Trezor, the open source hardware wallet pioneer. Ask us anything! bitcoin

We are not too happy about that, but we still believe that this is one of the the best existing solutions. zkSnacks coinjoins have the highest volume and user participation on the market and therefore we can achieve the best level of privacy.

Trezor with an optional coinjoin is a better product than Trezor without one. The act of blacklisting helps prevent coins that are under active surveillance from being included in the coinjoin, ensuring privacy is preserved for other participants.

Trezor coinjoin is fully optional, non-custodial and open source. If for any reason users don’t like this function, they don’t have to use it and nothing changes for them in terms of using their Trezor.

54 sats \ 1 reply \ @siggy47 5 May 2023

You do realize that this requires a trezor user to trust the criteria for blacklisting? Who makes this decision?

655 sats \ 0 replies \ @hynek OP 5 May 2023

The coordinator makes its own judgment about potential service refusal. Contrary to some claims, neither an analytics company nor government agency has a say in the decision process. If users find out that their coins have been refused entry to the coinjoin, they remain in full control over their funds and can freely spend those coins.

21 sats \ 2 replies \ @felixduhaut 6 May 2023

90% of cash notes have traces of cocaine on them. Yet people still use the cash. This idea that a btc is "tainted" because it went through a marked wallet is extremely dangerous to the btc ethos of fungibility. It was set mistakenly by big brother and chainalysis themselves and I am very sad to see the industry going along with their little games.

In due time, most btc will have gone through a marked wallet at some point. Let's break this extremely stupid notion now once and for all.

1 sat \ 0 replies \ @siggy47 6 May 2023

Well said. Comments like "we're upset about it too" are disingenuous. Trezor adopted it, so don't blow smoke up my ass.

0 sats \ 0 replies \ @phaedrus 7 May 2023

Agree. What should people do to break this notion?

Did people do something with cash that KYC didn't become problem? (Each note has ID I believe so you could do it too, right?)

0 sats \ 2 replies \ @joda 5 May 2023

Do you have any statistics on how many transactions are rejected for blacklisted utxos?