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210 sats \ 4 replies \ @jasonb 12 Nov \ on: Is it possible to be completely anonymous with bitcoin? bitcoin_beginners
Welcome to sn. I’m a small fry here but love this place. In general, you’ll learn Bitcoin WAY faster here than other online options.
Ironically, I’m going to recommend a YouTube video for this though.
Wasabi Wallet uses a type of Bitcoin transaction referred to as a coinjoin. The reason you’re going to get raked over the coals here about using Monero, is that it really doesn’t have most of the real properties of money and is dangerous to hold as far as actually protecting your purchasing power. Most alt coins are scams and you’ll get blasted on sn for using them (the reaction to your post from @DarthCoin is a relatively mild one). Therefore, I’d recommend researching coinjoin (using wasabi) so you don’t have to worry about getting rugged.
It’s a far from perfection option, so do your own research. There are other ways to achieve more privacy only using Bitcoin. However, you’ll save yourself so much heartache, the quicker you can divorce crypto (as in the alt coin industry) and Bitcoin in your head.
OP is not talking about holding Monero though. And Monero is much better than Wasabi for privacy/anonymity.
Downsides of Wasabi vs Monero to "clean" their Bitcoin:
-Largest inputs in a round have less privacy
-It doesn't hide amounts or doesn't even have uniform amounts (users potentially vulnerable to amount analysis)
-Much smaller anonymity set especially for recievers
-Liquidity isn't shared between different coordinators afaik so it fractures anonymity set instead of having a single large global pool like Monero
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I wish there was too. But I don't find tiny short-term fluctuations much of a problem. The difference is negligible in hours/days/weeks. Sometimes Monero does better and sometimes worse at those small time scales so it basically cancels out if you're always doing it.
There are years and months where Monero does better even. All of 2022 it outperformed Bitcoin and May-September of this year it also did better (~6 months)
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Thanks! I'll look into it.
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