|
Title: Is trezor censorship real? and how does it work, and what impact would it have o Post by: Cz-Silk on April 22, 2023, 11:41:52 PM I saw a post in the crypto newspaper that trezor is going to implement a censorship protocol called coinjoin, I wanted to know the impact of this on us who use bitcoin, in my thinking it would be something contrary to what bitcoin is.
Title: Re: Is trezor censorship real? and how does it work, and what impact would it have o Post by: Nwada001 on April 22, 2023, 11:44:30 PM https://bitcointalk.org/index.php?topic=5449442.msg62116291#msg62116291
Similar threads have already been created and discussed; go through the thread and you will get the information you need and why you need to keep off Trazor wallet for your own good. Title: Re: Is trezor censorship real? and how does it work, and what impact would it have o Post by: o_e_l_e_o on April 24, 2023, 08:45:42 AM I saw a post in the crypto newspaper that trezor is going to implement a censorship protocol called coinjoin That's not quite right. Coinjoin is a protocol for mixing your coins. Trezor have decided to implement a version of coinjoin which censors its users.I wanted to know the impact of this on us who use bitcoin None at all provided you stay well away from it. If you use it, then you better be happy having blockchain analysis spy on you and censor you.in my thinking it would be something contrary to what bitcoin is. Correct. It is completely contrary to the whole ethos of bitcoin.Title: Re: Is trezor censorship real? and how does it work, and what impact would it have o Post by: bitmover on April 24, 2023, 02:06:00 PM I saw a post in the crypto newspaper that trezor is going to implement a censorship protocol called coinjoin, I wanted to know the impact of this on us who use bitcoin, in my thinking it would be something contrary to what bitcoin is. Just buy an alternative hardware wallet such as ledger nano or coldcard Trezor is not a good alternative anymore. As o_e_l_e_o pointed out this company is against thee ethos of bitcoin Title: Re: Is trezor censorship real? and how does it work, and what impact would it have o Post by: monedauno on May 04, 2023, 02:27:25 PM The coinjoin protocol is based on Bitcoin's Proof-of-Stake (PoS) protocol. It allows miners to mine blocks at a low cost, without having to worry about fees, which are a problem for Bitcoin. This is a good thing, because it makes it easier for miners to mine blocks faster and more profit is made from the block mining.
So what's the point of it? It's an open-source protocol, and there are a lot of people working on it right now. I don't know how it works, but it's pretty simple to implement. You need to be able to set up a network, and the network will be used to pay for the transaction. The idea is to have a peer-to-peer network, which is the most important part of the protocol. If you want to send money If you want to send a message to someone, you have to pay for it. It's not hard at all tBitcoin, but it's not easy to implement it in other cryptocurrencies. I'm a bit confused about the concept of coinjoin. Is it possible to implement it Title: Re: Is trezor censorship real? and how does it work, and what impact would it have o Post by: mk4 on May 04, 2023, 03:15:10 PM The coinjoin protocol is based on Bitcoin's Proof-of-Stake (PoS) protocol. It allows miners to mine blocks at a low cost, without having to worry about fees, which are a problem for Bitcoin. This is a good thing, because it makes it easier for miners to mine blocks faster and more profit is made from the block mining. So what's the point of it? It's an open-source protocol, and there are a lot of people working on it right now. I don't know how it works, but it's pretty simple to implement. You need to be able to set up a network, and the network will be used to pay for the transaction. The idea is to have a peer-to-peer network, which is the most important part of the protocol. If you want to send money If you want to send a message to someone, you have to pay for it. It's not hard at all tBitcoin, but it's not easy to implement it in other cryptocurrencies. I'm a bit confused about the concept of coinjoin. Is it possible to implement it ? ? ? What. Coincoin isn't a new consensus mechanism and is definitely not proof of stake. I'm oversimplifying it, but it's basically just a mixing scheme for people to potentially gain various levels of privacy through obfuscation. https://en.bitcoin.it/wiki/CoinJoin Title: Re: Is trezor censorship real? and how does it work, and what impact would it have o Post by: logfiles on May 04, 2023, 04:49:39 PM The coinjoin protocol is based on Bitcoin's Proof-of-Stake (PoS) protocol. It allows miners to mine blocks at a low cost, without having to worry about fees, which are a problem for Bitcoin. This is a good thing, because it makes it easier for miners to mine blocks faster and more profit is made from the block mining. Mister, It looks like you have got a lot of things mixed up here. Where did you get it from?Proof of stake is something completely different from coinjoin. And Bitcoin has never used PoS, and it's less likely that it will use that protocol I'm a bit confused about the concept of coinjoin. Is it possible to implement it I suggest you do more reading about coinjoin, proof of work (https://en.wikipedia.org/wiki/Proof_of_work) and then proof of stake. Start with the link that has been provided to you in the comment above mine.Title: Re: Is trezor censorship real? and how does it work, and what impact would it have o Post by: SamReomo on May 05, 2023, 04:00:39 AM The coinjoin protocol is based on Bitcoin's Proof-of-Stake (PoS) protocol. It allows miners to mine blocks at a low cost, without having to worry about fees, which are a problem for Bitcoin. This is a good thing, because it makes it easier for miners to mine blocks faster and more profit is made from the block mining. You are absolutely wrong my friend. Coinjoin has never been made to work that way it isn't a protocol for PoS (Proof of Stake) thing, but is a tool that works similar to mixers because its main feature is to make the transactions anonymous so no one can track the origin or final destination of a transaction. Its works in way where it combines multiple transactions using a method that turns them into a single transaction. That makes it difficult for others to track the origin and final destination of the transactions which are done through the tool. Its main goal is to enhance privacy and provide anonymity to transactions and nothing else. |