Post
Topic
Board Service Announcements
Merits 19 from 6 users
Re: [ANN] Whirlwind.money | ⚡No Fee⚡ | Ultimate Privacy | Anonymity Mining 12% APR🔥
by
whirlwindmoney
on 04/07/2023, 16:52:28 UTC
⭐ Merited by LeGaulois (6) ,BlackHatCoiner (4) ,nioctib_100 (4) ,dkbit98 (3) ,yudi09 (1) ,Rikafip (1)
IMPORTANT UPDATE

The time has come for us to reveal the upcoming changes we've been working on during the past few weeks. We are inching closer towards launching a small closed beta to make sure everything is running properly before pushing the updates live on Whirlwind. Please share your opinions and suggestions in case we missed any details.

When we launched the Anonymity Mining campaign we explained the reasoning behind it is that we want to incentivize usage in order to allow us to add our BTC reserve slowly blended between normal users deposits and grow the Anonymity Set. While this is still a feasible solution to our problem and we could simply wait until we get more traction, we asked ourselves if there is any way we can speed up this process or perhaps grow the Anonymity Set in a different way while achieving the same goal, and here is what we came up with:

1.Allow multiple deposits on the same Note on the Dashboard page. Currently you would need to make a new deposit into another Note and send your balance using Pay to Note, this is a clunky process and we want to get rid of it.
2.Enable Monero and Ethereum deposits and withdrawals. When you enter your private key you will see your Note balance in BTC, XMR and ETH.
3.Enable internal 'bridging' between BTC, XMR and ETH for a fee. You will be able to deposit ETH on your Whirlwind Note, change it internally to BTC and withdraw it to your on-chain address.
4.There will be no 3rd party involved in the bridging process, we will provide the liquidity on all 3 chains and rebalance it when needed.
5.We will use the same setup on XMR and ETH as we do on BTC, meaning multi-sig and the backend-signer architecture.

The Note will now act as your Whirlwind 'wallet' where you can deposit and withdraw Bitcoin, as well as Monero and Ethereum. Pay to Note will be available for all coins, making feeless instant transactions possible on all 3 chains. We will also enable bridging from one to the other for a fee, so you will be able to deposit ETH and withdraw BTC to your on-chain address.

These changes will theoretically make the Anonymity Set unlimited because on top of every BTC withdraw potentially originating from any of the BTC deposits, now it could originate from any of the BTC deposits and any of the ETH or XMR deposits. Besides solving the Anonymity Set issue we should also be able to attract more users because we could target a bigger market with the unique features we're offering.

Decentralization is still on the table and these new changes don't affect our ability to do it in the future, but we believe that for now it's better to focus on delivering the best product possible in the centralized form and then look to decentralize it once we see some traction. Looking forward to your feedback!