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The Treasury Is Expanding the Patriot Act to Attack Bitcoin Self Custody (www.tftc.io)
submitted 1 year ago by to c/privacy@lemmy.ml
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cross-posted from: https://lemmy.bestiver.se/post/613592

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[–] 6 points 1 year ago (4 children)

It doesn't need mixing because the protocol itself hides the sender, the receiver, and the amount as due course.

This stuff is basically banning any privacy-preserving technology on a public blockchain, like Bitcoin, since it has no privacy by default.

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  • [–] 2 points 1 year ago (3 children)

    but we do use self custody wallets, which is actually a good thing. and we do churn, because the anonymity set of the sender (right?) is pretty limited as of now. and churning is almost like mixing between wallets.

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  • [–] 1 point 1 year ago (2 children)

    Monero does not "churn" it uses ring signatures. And that is done by default and enforced by the protocol. Any transaction that attempted not to do it would be considered invalid.

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  • [–] 1 point 1 year ago (1 child)

    monero does not, but it's users do manually. at least not too long ago it was recommended in the community

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  • [–] 1 point 1 year ago

    I have not seen that recommendation. In fact, from everything I've heard, it's better not to attempt churning because it could reduce your anonymity, especially if you fuck up and do it in a predictable manner, like during a certain set of hours that might indicate your time zone.

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