BowTiedMara - Geoarbitrage & Mobility Assets

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2024-05-07 20:00:07

Welcome Avatar! After the recent attacks on privacy tools and anonymous transactions, it is time to delve in deeper into where we stand in terms of privacy, CBDCs and potential ways to opt out. The gates are closing faster than expected, and before too long they will be shut so tight our children will not even understand what “privacy” means when it comes to transactions.

There has been a concerted effort from US and EU authorities to take down privacy enhancing software, specifically so-called “mixers” or “coinjoin” services. In case you’re not familiar with the terminology, here’s a breakdown:

A CoinJoin collects the inputs of many users, and broadcasts them into many outputs in a single transaction, whereas a mixer sends your bitcoins through a series of transactions with a variable number of inputs and outputs, before it is sent back to you in another address, or imported into a wallet as a private key. — Source

The most important difference between a mixer and a CoinJoin service, is that the latter is non-custodial, meaning: the software service you’re interacting with never holds or custodies your funds.