Post
Topic
Board Wallet software
Merits 6 from 3 users
Re: Wasabi blacklisting update - open letter / 24 questions discussion thread
by
o_e_l_e_o
on 06/07/2022, 09:45:44 UTC
⭐ Merited by NeuroticFish (4) ,vapourminer (1) ,PowerGlove (1)
We have to stop fooling ourselves, Bitcoin, by design, is not fungible. Some already use this, some will do. Sadly, against us.
Bitcoin, by design, is fungible. As soon as a transaction has more than one output, it is impossible to say which bitcoin ended up where. It cannot be done. Everyone who claims to be able to do it is guessing, lying, or both. All blockchain analysis companies, all centralized exchanges, and now Wasabi too (which is particularly hilarious considering they base their whole existence on coinjoins). They have made up a system based on guesswork, and have successfully marketed it for their own profit to large parts of this space as some infallible law. It is not, and the only way to get rid of it is for the community to agree to shun companies and entities which support and enforce this made up nonsense.

Your answers are very conflicting.  Someone please correct me if I am wrong.  But this is what they said.  We do not care who you are but we decided to work with a company instead who does.  We do not like censorship and all that crap but we are exercising our right to choose who to serve or not.
This is what I took away from it as well. This crazy doublespeak, deliberately used as they think it absolves them of the consequences of their decisions and the responsibilities of their actions. We don't care what you do with your bitcoin (but lots of other people do and we are going to assist them). We aren't spying on you (we are just paying someone else to do it for us). We aren't against fungibility (we are just partnered with a bunch of people who are).

It's like when Coinbase say "Coinbase don't sell your data"; technically it's true, because it's actually Coinbase's blockchain analysis subsidiary which is selling all your data, not Coinbase themselves, but that hardly makes it any better.

I am fairly sure the Wasabi team know this is all a pack of lies, but will obviously never come out and say "Yup, our wallet is bad for privacy and bad for bitcoin."



I have long fought against any company which treats bitcoin as non-fungible. Almost all centralized exchanges (use a DEX like Bisq instead), some payment processors like BitPay (use BTCPay instead), and so on. But this is the first time I've seen a service market themselves as a privacy solution while also treating bitcoin as non-fungible. It is unforgivable.