Yeah, but I'm just saying that it's pretty worthless if they store the logs.
And if they don't store the logs... well, that's probably illegal, at least in US and Russia
The only safe CoinJoin solution I see is p2p based, with some tricky encryption.
But still I think this will never beat services like bitcoinfog, assuming that they indeed remove the logs as they claim.
I mean: you deposit your money and withdraw ~98% of it, while your deposit is still unspent - destroying a log at this moment leaves absolutely no traces and it's actually a perfect "privacy for the real world".
Though it has two big disadvantages, over p2p coin mixing:
1) You need to trust the service to really destroy the logs
2) It doesn't come for free.
So I also find CoinJoin as a nice and possibly useful project, but IMHO centralizing it around a server would just defeat the purpose.
Not to mention that it would be dangerous for whoever runs this server.
And if they don't store the logs... well, that's probably illegal, at least in US and Russia
The only safe CoinJoin solution I see is p2p based, with some tricky encryption.
But still I think this will never beat services like bitcoinfog, assuming that they indeed remove the logs as they claim.
I mean: you deposit your money and withdraw ~98% of it, while your deposit is still unspent - destroying a log at this moment leaves absolutely no traces and it's actually a perfect "privacy for the real world".
Though it has two big disadvantages, over p2p coin mixing:
1) You need to trust the service to really destroy the logs
2) It doesn't come for free.
So I also find CoinJoin as a nice and possibly useful project, but IMHO centralizing it around a server would just defeat the purpose.
Not to mention that it would be dangerous for whoever runs this server.