20 sats \ 4 replies \ @shyfire 27 Oct 2023 \ on: How would you summarize the trade-offs of Coin Join? bitcoin
CONS: getting a FinCEN SAR filed against you
FinCEN SAR
For a coin join? Do tell. By its very nature it breaks deterministic linking of UTXOs. Aren't you conflating actually activity with with the coin join? I've heard of this with mixing services but not coin join.
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Yes uder new proposed regulation, even non-custodial coinjoin will be considered grounds for SAR
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Not only that, but also opening an LN channel and even a UTXO consolidation.
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True. Very concerning. It does seem as if the fight will be coming sooner than we thought
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