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213 sats \ 13 replies \ @TheMorningStar 7 Feb \ on: Wasabi v2.5.0 released - Privacy wallet for Bitcoin only bitcoin
What makes this wallet different from others?
The main feature of Wasabi is that you aren't limited to building solo transactions, you can combine your coins with other users to increase the privacy of everyone in the crowd. The more users that participate in the coinjoin transaction, the more privacy each participant gains, and it's completely non custodial.
Even if you don't participate in coinjoins, Wasabi is excellent for managing your hardware wallet since it does network synchronization and transaction broadcasting over Tor.
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I thought Wasabi had abandoned coordinating coinjoins?
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if there is a coordinator, it's not a coinjoin, it's a mixer
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"Coinjoin" is a technical term for a transaction that contains inputs from multiple users. Dual funded Lightning channels are technically a coinjoin.
"Mixer" generally refers to websites that take custody of your funds. They're basically phishing scams for people who want privacy.
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That's how I saw it too
in short: privacy through coinjoins
in the future, i hope, almost all onchain transactions will be coinjoins
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in the future, i hope, almost all onchain transactions will be coinjoins
and batched Lightning channel open transactions
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There aren't enough people getting orangepilled or blockspace used enough to make this necessary yet.
But you ofc still do it now 😁😁
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One of Wasabi's developers gave a presentation about this at bitcoin++ https://www.youtube.com/watch?v=8oc9V59PTDU
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Yooo, that's epic! But this would probably take a lot of attempts when 100 people want to open a channel in the same coinjoin. But on a smaller scale this could be amazing!
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But this would probably take a lot of attempts when 100 people want to open a channel in the same coinjoin.
Do they? Why?
Coinjoins don't use lots of attempts either or do they?
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In a coinjoin every participant has to sign the transaction. If just one participant fails to do that within the time limit, the entire process of input/output registration and finally transaction signing is restarted. So yes this does in fact happen. The higher the number of participants, the likelier it is to fail. You probably don't even notice when using Wasabi Wallet since all that happens automatically.
If you bring Lightning channel opens into the mix, then you have even more potential for failure. A Lightning channel involves two parties. So the other party also has to cooperate with the channel commitment in order for the coinjoin transaction to be signed by the participant funding the channel.