When your employer pays you in bitcoin it is important to use coinjoin so they cannot easily track what you spend your salary on or how large your savings are.
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With that said, it seems like the only place to acquire Bitcoin now is through P2P.
LN even better
Can't I just send it to a no KYC gambling site and withdraw for clean coins only having to pay network fees?
BIP47 PayNym for salary
Never even thought of this
BIP47 is great but solves a different problem, still need to use coinjoin.
Upgrade to BIP-351 for a modern payment code 😉
Agreed, i always whirlpool any deposit. PayNym is great for repeated payments without the need to reveal any address.
Sounds like you wanna double dip. Bitcoins value and privacy. Bitcoin was never made to be private while Monero's(XMR) privacy technology is similar to CoinJoin, in that it uses ring signatures to mix the spender's signature with the signatures of other users to make tracing addresses nearly impossible...
What are your thoughts on XMR, other than "its not bitcoin"?
what wallet has that implemented?
Samourai tools are the best privacy tools in bitcoin, no silver bullets but a range of options that work today
they will soon offer atomic swaps with monero which adds more options
monero has utility, i am not anti
#LegitimateUse
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If mempool fees keep rising we should all consider using more layer 2s. At some point it may not make sense for an employer to pay a weeks salary on main chain. If using liquid all txs are confidential. Lightning has pretty good spending privacy only if you're using your own node. Coinjoins are a great tool to use when swapping into these layers to give additional privacy. Of course there's tradeoffs to layer 2s but until main chain becomes more privacy focused, people need to start considering these second layers to help mitigate these privacy concerns
Ojalá mi empleador me pague en BITCOIN 🥲
If there is one thing I'm thankful for this holiday season it's that I don't have the bitchy attitude of those Samorai folks in my Nostr feed like I had on Twitter. #thankful
If they let you withdrawal. I believe mixers require much less trust
No wallets yet 😞
Maybe if there is community demand then some wallets will implement.
Monero has several layers of privacy that are all by default (important):
Ring Signatures obfuscate senders
Confidential Transactions hide amounts
Stealth Addresses hide recievers
Dandelion++ hides IP
Here are some major differences between coinjoins and ring signatures:
LocalMonero
Monero’s ring signatures vs CoinJoin like in Wasabi — LocalMonero
CoinJoin is the core of BTC privacy, and the issues inherent in it are some of those solved by Monero’s ring signatures.
Or swap to and from something like Monero
yet you can keep dormant UTXOs for a long time without worrying about it. it all depends on what your main uses are with the money that you get
most people who get paid in bitcoin need to send it to an exchange or a dealer to get fiat anyway and can direct different UTXOs to different destinations
mixing everything you get right away is too wasteful and most people will not know how to not link their funds again after the mix
it's not as trivial as "just mix everything"
Is there a lightning version of coinjoin? These fees are crazy and likely to get worse by the time most businesses pay employees in Bitcoin
I don't think we need lightning version of coinjoin.
Coinjoin is there to improve onchain privacy. Lightning itself is far more private than onchain.
It was always the best idea anyway.
Fuck KYC and financial repression.
$boost
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