Come on, tell me how you receive 100 bitcoins on Wasabi, mix them, and then sell all 100 bitcoins without leaving a trace.
MissingNo's avatar MissingNo
You don't know what you are talking about. There's 2,600+ BTC of volume in the past 24H on @Kruw coordinator from @npub1jw7s...35fg... that's $200M of volume being coinjoined in a single day. So it does work, and i use it everyday. Lightning is not for very large amounts so i won't comment on that, but it's private for 99.9% of users who want to use it as their payment layer for everyday bills. Newbies and privacy larpers would rather go with shitcoinery (Monero) route, than learn how to use Bitcoin and how it works.
View quoted note →

Replies (2)

Coinjoin isn't perfect. How can you, for example, later sell that amount in a practical way without leaving a trace? You know full well that in subsequent consolidations, it has been possible to trace the criminals.
Kruw's avatar
Kruw 5 days ago
It's not perfect for the largest whale in the pool, but this imperfection can be mitigated by waiting for remixes. During the 4 days that it took for the 137 BTC input to decompose, hundreds of new BTC entered the pool and thousands of old BTC remixed. Even if 137 BTC was spent in a future consolidation, it could have come from a different origin (such as 137 separate 1 BTC inputs from another user). Maybe this still doesn't meet your "practical" standard, but this edge case scenario only affects a single user.
↑