You are literally advertising a competing privacy service in your signature, what do you mean "He can't compete"?
Regular people who merely want privacy cannot be expected to setup an entire company themselves. That's nonsense.
It's obviously a massive red flag that "Whirlwind Money" has chosen to collect their customer's data and custody their coins instead of coordinating WabiSabi coinjoins with that liquidity, which are non custodial and do not reveal any data to the coordinator.
Custody is indeed a problem. As for customer's data, they will sometime implement blind certificates. Do you want to talk to us about the part where you literally fund mass surveillance firms with coinjoin fees?
No you don't have to trust the coordinator, as I explained earlier, Sybil attacks by a malicious coordinator can be detected.
If I already have private coins, which is not the case for the overwhelming majority of people who try Wasabi for the very first time.
You can coordinate your own WabiSabi coinjoin with peers of your choice to create private coins without anyone's permission.
And have inferior privacy, as the default coordinator contains orders of magnitude more liquidity than an average coinjoin with me and my peers. And even if I do coinjoin with them, and later on want to coinjoin with the default coordinator, I will still have to trust that the third party will approve our private coins afterwards.
It doesn't matter if a chain analysis company is providing data to the coordinator is malicious vs the coordinator themselves being malicious, clients recognize it as an attack by the coordinator anyways because the coordinator is the middleman that bridges the communication between the two.
Clients who have somehow acquired private coins beforehand can recognize that. Clients who merely want to improve their privacy while owning only non-private coins cannot recognize anything.
I mean both are true. Obviously the chain analysis firm cannot be trusted to approve which user is allowed to gain privacy, ergo is malicious, and zkSNACKs either, for attempting to allow from such company to gain that authority. Both zkSNACKs and the chain analysis firm are malicious.
As I explained before, a malicious coordinator is detected if a private coin is rejected from registering.
And to acquire a private coin, you need to firstly do a WabiSabi coinjoin, which requires to trust the intentions of a coordinator.