Quote from: Quickseller on October 31, 2021, 03:48:47 AM

Quote from: o_e_l_e_o on October 30, 2021, 04:23:37 PM

Quote from: Quickseller on October 30, 2021, 02:24:43 PM

From my understanding, it is trivial to create an arbitrary number of Mercury servers, any of which could be acting evil.

If that's the case, then I have misunderstood their operating model. I was under the impression that everyone would be using the same centralized server being operated and maintained by the Mercury team themselves, just as you do when you use a centralized exchange or a mixer. Therefore if there was a provable scam accusation against them, then the entire project would be moot, and it is relatively easy for them to build up a good reputation over time.

If, as you say, anyone can host one or more servers and act as a statechain entity, then I agree, the security model is poor at best. With no way of punishing someone other than reporting that server to be a scam, at which time the user in question can just spin up a new server, then I would not be depositing any coins to this wallet.

dkbit - do you know the answer to this?

If this is a centralized service using a protocol they designed, it would resolve most of my concerns. Although one concern that would remain would be the fact that I was attacked by a shill when I tried to ask questions.

If I was incorrect, I would ask how they are different than CM? AFAICT, they are basically the same as CM, except for the amount of time that bitcoin can be held at the mixer. Obviously CM can handle larger amounts due to their reputation.

Mercury does not have custody like a CM. There is not reason why Mercury can't handle large amounts and with Mercury you can do unlimited swaps.