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0 sats \ 0 replies \ @kruw 16h \ on: Bitcoin Privacy 101: Key differences between a CoinSwap and a CoinJoin bitcoin_beginners
This is wrong :(
You can coinjoin arbitrary amounts with Wasabi Wallet.
Combining your coinjoined outputs is slightly less private than spending them individually, but you generally shouldn't worry about this unless you are a huge whale. If there's still any doubt, you can remix an extra time before spending.
For the absolute maximum privacy, you can make small or medium sized payments directly inside a coinjoin. This feature is currently only available in Wasabi's RPC, the UX for the GUI is still being worked on. https://docs.wasabiwallet.io/using-wasabi/RPC.html#payincoinjoin
From my understanding, CoinJoin creates multiple UTXOs. If I were to send BTC from a KYC exchange to a Wasabi Wallet, perform a CoinJoin, and then send the BTC back to the original wallet, would that improve its privacy or make it more "non-KYC"?
If you are sending your BTC back to the same exchange you originally got it from, then there's no reason to coinjoin it at all. They already know you have X amount of BTC since they sold it to you in the first place.
Additionally, what’s the proper procedure for performing a CoinJoin with coins stored in cold storage?
The proper procedure is to first make sure the xpub address of your cold storage wallet is never leaked to third party servers. This means running your own node EVERY TIME when using your hardware wallet with software like Trezor Suite, Electrum, or Sparrow. It isn't required to run a node for privacy when using your HWW with Wasabi since it uses BIP157/BIP158 filters for synchronization.
Second, when sending your funds from cold storage to Wasabi for coinjoin, you should use coin control to make sure your transaction does not create a change output. By creating a 1 output sweep transaction, it terminates the trail entirely once that output goes into the coinjoin tx.
The entire point of Bitcoin is to transmit money, everyone needs to stop making idiots out of themselves by denying we are doing this.
If the government ends up ruling "Yes, you need a license to run a Bitcoin node or hold Bitcoin keys", then you have dug your own grave by pretending they have the authority to control this in the first place.
Grow some fucking balls and be proud of transmitting money. Stop begging the government to reevaluate their regulation that denies you this basic human right.
Wasabi Wallet automatically consolidates my UTXOs by remixing them in coinjoins, so I don't have any UTXOs older than a week :)
Yes, there's documentation - https://docs.wasabiwallet.io/FAQ/FAQ-UseWasabi.html#silent-payments
Sending is currently supported, receiving is currently in progress: https://github.com/WalletWasabi/WalletWasabi/pull/13565
Nope, silent payments are a convenient tool for circumventing blockchain analysis! BIP32 address generation requires the receiver to interact with the sender, but BIP352 silent payment addresses only requires the sender to interact with the receiver.
Bitcoin blocks are mined every 10 minutes on average. No matter how long it's been since the last block, the chance of finding the next block remains the same.* You'll occasionally notice 1+ hour elapse without a new block being mined.
*Economically speaking, a long interblock time would lead to a higher fee reward for the next block, which would eventually lead to more hashrate being produced. But at this stage of mining maturity, you can just consider it random.
The Bitcoin community in places like Reddit are brutal and so fucking mean to anyone who shows any lack of knowledge.
It's funny you mention that because Reddit doesn't seem knowledge focused at all, every single Bitcoin post there is some variation of "Will the price go up? Or will it go down?"
The Liquisabi coinjoin explorer is an excellent tool.
I always look at other points of view, even if I hate it.
Lmao, no you don't, you said the bugs I discovered in Samourai Wallet were false without even looking at them: https://x.com/RSync25/status/1717242506092368351
Wasabi uses Tor by default for everything. Additionally, it scans the blockchain using BIP157/BIP158 compact block filters, so you don't share your wallet's addresses with any third party servers.
Wasabi supports Coldcard, Ledger, Trezor, Jade, and Bitbox devices. There shouldn't be any migration necessary, the user can just open Sparrow and use his device there. The caveat is that he needs to configure a full node and Tor on Sparrow first in order to match the privacy of Wasabi.
When you spent multiple inputs in the same transaction, that allows blockchain analysis to link your transactions that created those coins together. So, a transaction that uses many inputs will damage your privacy more than a transaction that uses one input.
Ultimately, you have to use coinjoin in order to keep your Bitcoin transactions private. Otherwise, you will eventually have to leak your entire transaction history once it comes time to sweep the dust in your wallet.