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Re: Copycat Signatures: Chipmixer and Wasabi
by
TheNewAnon135246
on 01/03/2020, 15:49:15 UTC
While i agree there's ethical problem, IMO it's problem between ChipMixer and the user who wear copycat signature, all we need to do is let ChipMixer representative know about this problem.

Wasabi is not a profitable service

While i doubt it's profitable, there's 0.003% coordinator fee.

According to Chainalysis, Wasabi mixed $250,000,000 in 2019*. That means $7500 has been paid in coordinator fees, which seems pretty profitably to me Grin. (totally not edited)

$250 million times 0.003% is $7500. OTOH the 0.003% fee is per anonymity set and Wasabi uses 50+ sets by default, so it's a 0.15% minimum total fee, usually higher. $400-500k would be a more reasonable estimate, but that's just the revenue. There are costs/expenses for sure.

At any rate, I'd say nopara73 claiming that he makes money is good enough to assume there is profit, and I'm sure he could pay for a signature if he wanted to, and I'm quite sure he's not paying for Gyrsur's copypasta signature.

Shhhhh, I never said it was $750,000 Grin.

Here is the coordinator address: https://blockstream.info/address/bc1qs604c7jv6amk4cxqlnvuxv26hv3e48cds4m0ew (currently holding 75.88 BTC). They also raised $337,500 for a 4.5% stake in their company a while ago.