I'm an avid user of coinjoins, but they're very flawed. The privacy initially achieved is greatly diminished by the consolidation and subsequent use of the coins, as well as by the behavior of other users. I believe people aren't being honest about Bitcoin's privacy or AI's ability to de-anonymize. Monero has privacy flaws, but it’s light-years ahead of Bitcoin’s privacy; FCMP++ is fucking incredible. I keep thinking about how to combine Monero’s privacy with Bitcoin’s, along with the atomic swap capabilities that FCMP++ will bring in both directions. Maybe a decentralized swap market?

Replies (6)

Kruw's avatar
Kruw 2 weeks ago
I disagree:
Kruw's avatar Kruw
The privacy of coinjoin transactions increases over time: Sibling outputs remix as inputs in future rounds, so the anonymity set of the pool is continuously expanding.
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Thorgasail 2 weeks ago
Unlike monero, coinjoins actually work. Monero uses fake join, in other words there is a way to distinguish which parts are real from those that are not. Monero devs call it a black marble attack. Fcmp might address it to some degree, but as of now it's not live. Monero is also a shitcoin so it doesn't even matter if it has privacy or not. It's pointless since it can never be sound money. Also, don't consolidate after coin joins, that's a silly thing to do.
In Cake wallet, there is a swap feature built in. Is it good enough? I used once for test to swap some small amount of Bitcoin to Monero and it worked
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