do you see any value in having a fully decentralized non-custodial BTC mixer?
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I got some ideas for how to make a decentralized one work
I'd like to read more about how this would work, but it belongs in a new topic.
In the possible V2 I am envisioning the process would stay pretty much the same except for the fact that anyone will be able to become a "validator" and so the protocol will become fully decentralized, meaning that it cannot be changed or tampered with by anyone - not even the original developers.
I'm very curious how this would work.
in the case of Chipmixer even though you can spend your chips whenever you want like you said, they are funded a very short amount of time before your actual deposit, so an in-depth analysis by a firm with some resources could narrow down the possible deposits to a small enough range that it may become possible to identify where the funds came from. The fact that you know they are funded before kind of defeats the purpose
That's one way to use ChipMixer. Your idea of "Notes" is similar to ChipMixer's vouchers (which they've offered since 2017). This is how you obtain maximum privacy:
However, due to my intent to expose the blockchain data from this transaction, I decided to use an address from ChipMixer. The address was obtained using ChipMixer voucher codes that I set aside for this potential purpose in November. I always keep a moderate amount of money in Chip vouchers, just in case I need to do something bad for my privacy. The money for these vouchers may have been deposited by me anytime in about the past three or four years; thus, any blockchain observer who identifies Chip inputs will not find it feasible to guess which were mine.
Also, chips aren't necessarily funded shortly before your deposit.
This transaction received chips that were funded weeks and months earlier.
when you deposit your BTC goes into our main address together with all other funds and stays there until you decide to withdraw it.
Do you mean "the money" will be centralized but the "who owns what" will be decentralized?
Assuming everything works flawlessly the Note system will be the 'best' mixing type from a technical point of view so I don't see why we wouldn't offer that regardless of the skepticism
Have you heard of blinded bearer certificates? Admin theymos
wrote about it a few times:
If services like ChipMixer operated based on blinded bearer certificates, then they'd be in many ways superior to both of the above mixing methods. Someone should work on this.
Unfortunately, nobody has implemented it yet.