Oddbean new post about login | logout 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.
Can't I just send it to a no KYC gambling site and withdraw for clean coins only having to pay network fees?
Or swap to and from something like Monero
BIP47 PayNym for salary
BIP47 is great but solves a different problem, still need to use coinjoin.
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"?
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
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: https://localmonero.co/knowledge/ring-signatures-vs-coinjoin
Upgrade to BIP-351 for a modern payment code 😉
what wallet has that implemented?
No wallets yet 😞 Maybe if there is community demand then some wallets will implement.
#LegitimateUse nostr:nevent1qqs03lvwmm4dkcpskgec54s80fcwpgs0c3l0p8jzm85lp7uptz2mm2spzpmhxue69uhkummnw3ezuamfdejsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqs7g22w4
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
Yes nostr:nevent1qqs8pjyqgl3n0lekt6c5caaf0ew5e72wgh3wvhtcyfx5jtl7tu59wlcpzpmhxue69uhkummnw3ezuamfdejsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqsyqz520 nostr:nevent1qqspw3zukkcvcvnryevxc5cy463jqxgz6kcawh47qqgy4lwn6usg40qpzpmhxue69uhkummnw3ezuamfdejsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqsgu0hzh nostr:nevent1qqs03lvwmm4dkcpskgec54s80fcwpgs0c3l0p8jzm85lp7uptz2mm2spzpmhxue69uhkummnw3ezuamfdejsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqs7g22w4
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
