21 sats \ 2 replies \ @SatoshisSkeleton 2 Sep 2023 \ on: I think that Simple Swaps BTC->XMR->BTC are better than mixing. Change my mind bitcoin
Not bad thinking. But also not the most ideal IMO.
Monero is like... the most palatable shitcoin a Bitcoiner could like. And I get going to and from XMR seems plausible.
But there are alternatives better than atomic swaps.
Consider Liquid and Lightning more in depth.
And I'm not much a fan of coinjoins as they're hot wallets under the hood. I'd rather trust a federation.
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7 sats \ 0 replies \ @yo2xncv0 22 Sep 2023
Lightning reciever privacy is bad and amounts can be inferred: https://arxiv.org/pdf/2003.12470.pdf
Liquid only hides amounts. Transaction graph is completely visible.
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10 sats \ 0 replies \ @rod OP 2 Sep 2023
LN -> Capacity issues, not for thousands of dollars txs L-BTC -> Federated, your coins are in a multisig wallet while snapping, hard pass, not your keys, not your coins. You are trusting a bunch of corporations to be "good guys".
For small amounts, LN seems a logical choice if you know what you are doing, hence, it is not for everyone
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