Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mixing is NOT money laundering, per se
by
arabspaceship123
on 22/11/2023, 23:53:15 UTC
A typo at the wrong time doesn't help if you're trying to make a point so thanks for fixing it. I've understood it now & agree about non custodial mixers giving privacy to ppl. I don't know how Zcash works but if ppl want to substitute a mixer for coins they've got try XMR because Monero's a privacy coin.

Yes. That's what I've meant. Please excuse the typo. If each Bitcoin were non-fungible (unique), it would be a hell of a lot easier to identify tainted coins. With BTC's current state, governments can only guess which coins belong to whom and where. They've censored centralized mixers hoping people don't get access to privacy.

Would you imagine if developers added ZKPs or other privacy technique to Bitcoin? That would create a lot of controversy, possibly resulting in mass delistings from mainstream crypto exchanges. With institutional investors getting in the game (Blackrock, Fidelity), it's best to keep Bitcoin as is. If you want privacy, just use a non-custodial mixer or a privacy coin such as Zcash or Monero. Lets hope BTC stays decentralized forever. Wink