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Topic
Board Wallet software
Re: Wasabi blacklisting update - open letter / 24 questions discussion thread
by
NeuroticFish
on 06/07/2022, 13:36:11 UTC
And the others tend to already blacklist mixed funds as a whole (which is utterly stupid), or go by "shades of gray" (I don't know how to say it better) and by the rule "the stream's water can be considered clean if it went over 7 stones" (again, I don't know how to say it better and more concise).
Which is another good point as to why blacklisting is just plain wrong, in addition to the point I made above in which it is all based on guesswork. What happens if I combined a tainted input with a clean input in the same transaction? What about a tainted input with 100 clean inputs? Are all the outputs still tainted? Are they all 1% tainted? What about if a tainted input moves through 5 transactions? What about 100? What about 1,000? Is it still tainted? When does it become clean again? We've been able to trace some stolen coins to Binance. Does that mean the entirety of Binance's hot wallet is tainted? Or does the taint magically disappear once Binance have touched the coins?

Go far enough in to the future, and every bitcoin in active circulation will be tainted in some way or another.

I completely agree to this.

Blacklisting is arbitrary nonsense based on provably false assumptions, and it is an affront to bitcoin.

It's indeed arbitrary. Whether it's nonsense or how bad those assumptions can be debatable - not between you and me, but between us and them.

Maybe we, as community, should start boycotting the services who don't go by 1BTC=1BTC.
I've advocated this for a long time, and I will continue to do so. Wasabi is just the latest to be added to the list.

I guess that you have to shout louder about this. The average bitcoin user (I won't call it bitcoiner just as easy) doesn't know about this and probably doesn't care much either (you know the "I have nothing to hide" mantra) until something happens to them, obviously.

How exactly do they make money? Coordinator fees?

This answers it, I hope it's not old. (Is it only me who find it odd that they are boasting they're sponsoring, but they actually charge for their service?).

The company sponsors the development of Wasabi Wallet and makes its income by taking a fee (0.003% * anonymity set) from each CoinJoin transaction. The anonymity set is essentially the size of the group you are coinjoining in. If 3 people take part in a CoinJoin (with equal size inputs) and there are 3 outputs then each of those output coins has an anonymity set of 3.

Does that mean I succeeded in trying to convince you? Cheesy

As I said, you must have been misunderstanding something. I was stating that some companies do, not what I do. (It could be seen as sort of devil's advocate to say so). For me any satoshi is identical to any other satoshi. I've never avoided mixers, I've never cared about the source of this or that UTXO and I don't see any good reason I'd change that.
So "I'm convinced" long before this talk.  Wink