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Board Wallet software
Merits 1 from 1 user
Re: Wasabi wallet data privacy questions
by
o_e_l_e_o
on 20/07/2023, 08:29:19 UTC
⭐ Merited by n0nce (1)
I've removed it.
Thanks!

I'd like to understand more about coinjoins for widening my learning. I own tiny amount of bitcoin so won't be coinjoining frequently or in large volumes. I want to learn how it works.
There are a few topics on this forum which are a good starting place.

Here is the post by Greg Maxwell introducing the concept of coinjoin for the first time: CoinJoin: Bitcoin privacy for the real world
And here is the post by Chris Belcher launching JoinMarket: [ANN] Joinmarket - Coinjoin that people will actually use

It's a heavy read because of details given in long questions & answers but I'll try going over it.
The bottom line is of the three current main coinjoin implementations - JoinMarket, Whirlpool, Wasabi - Wasabi is the only one cooperating with blockchain analysis, the only one supporting mass surveillance, and the only one implementing blacklists and censorship, not to mention suffering from address reuse and other flaws. There is literally no reason to choose Wasabi over either Whirlpool or JoinMarket.

Thanks o_e_l_e_o for amazing advice.
No problem!