pull down to refresh

0 sats \ 2 replies \ @pycan OP 26 Sep \ parent \ on: Contemplating about payments to third parties during a coinjoin bitcoin
This looks great, I'll explore more for sure. Thanks.
It seems much simpler than the traditional coinjoin. Makes one wonder why isn't it the default way to spend coins. What do you think is the reason this isn't a standard in majority of wallets yet?
write
preview
0 sats \ 1 reply \ @kruw 26 Sep
The reason it isn't the default way to spend coins is because you would have to wait up to 1 hour for the other participants to join and build the transaction, which introduces the chance for prices to change in the meantime. Also, the coordinator chooses the fee rate for all participants, so if the fee for the round is higher than you are willing to pay then you would have to wait for the coordinator to create a round with a lower fee. Unfortunately, most wallets simply don't care about any privacy feature that would introduce UX tradeoffs.
reply
21 sats \ 0 replies \ @pycan OP 26 Sep
With enough adoption, I imagine the wait time would be negligible. Same for the fees, if you don't go too low.
Anyway, this is the way I want to spend my coins. I'll explore the existing options and see if there's anything I can do to help with the adoption.
reply