Damus
gsovereignty · 13h
You can always coinjoin etc. The reason the base layer needs to be transparent is we just create the fiat system again if it isn't. It should be a lot easier for individuals to act privately than f...
weev profile picture
Exchanges actually useful to people in most countries kill accounts that they see depositing from coinjoins. Secondly, Coinjoins are also trivial to pierce. It does not provide serious privacy protections from a state adversary with resources and entire companies dedicated to analyzing coinjoins. Coinjoins are only useful if you want to pay for small things and never do something like “buy a house”, “pay rent” or “pay for your cancer treatment.”
1
weev · 11h
> The reason the base layer needs to be transparent is we just create the fiat system again if it isn't. This is also a myth. Monero has rangeproofs! the supply is perfectly auditable! Especially with upcoming FCMP++ — you can have theoretically perfect privacy AND supply verification!
gsovereignty · 10h
It depends on what timescale you're looking at. I don't use KYC'd exchanges, nor would I, so has never been an issue for me. Coinjoins are as useful as the anonymity set. House/car sized payments are totally fine, war sized payments are not (which is the point). Cc nostr:nprofile1qqst0mtgkp3du...