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Author Topic: BTCPayServer adds CoinJoin plugin, but there's a catch  (Read 393 times)
Kruw
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December 11, 2023, 10:47:01 AM
 #21

No, I meant in general. How much of the total volume of coins used in mixing went to centralized mixers/tumblers and how much of them went to CoinJoins - Wasabi's implementation, Samourai's, and include JoinMarket/other major implementations. If total volume is going up + the ratio is also going to the side of CoinJoin, then there's probably enough market growth and incentive for centralized mixers to slowly transition their business models to run CoinJoin coordinators?

¯\_(ツ)_/¯

I have no idea about what sort of volume goes to centralized mixer websites, but that's like asking what sort of volume gets sent to phishing sites.  These imposter sites have no reason to stop scamming and start coinjoining because of how lucrative scamming is. 

Since these places charge ~5% to custody your funds and your data, it would be a bit embarrassing for them to pivot and announce that they are offering coinjoins which are non custodial, completely private, with a fee rate of <0.3% to compete with the current market.

You can use Bitcoin privately without giving up custody: https://mempool.space/tx/d465033214fd2309dcce5a90c45fcaa788aa4394ee36debe07aad8d8a37907d2
^ Participate in coinjoin transactions like this with Wasabi Wallet ^
Nostr: npub1pww7030g95nv9ptfpgfu69jpfxj6pm33xxueztsupwekce45wx4sm6en60
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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December 11, 2023, 03:48:42 PM
 #22

No, I meant in general. How much of the total volume of coins used in mixing went to centralized mixers/tumblers and how much of them went to CoinJoins - Wasabi's implementation, Samourai's, and include JoinMarket/other major implementations. If total volume is going up + the ratio is also going to the side of CoinJoin, then there's probably enough market growth and incentive for centralized mixers to slowly transition their business models to run CoinJoin coordinators?

¯\_(ツ)_/¯

I have no idea about what sort of volume goes to centralized mixer websites, but that's like asking what sort of volume gets sent to phishing sites.  These imposter sites have no reason to stop scamming and start coinjoining because of how lucrative scamming is. 


Although yes, I get the point, let's merely be objective here. If the volume of total mixes goes up every year, but the ratio of CoinJoins against centralized mixing is low, then that absolutely suggests that CoinJoin protocols have a large market to work with.

Quote

Since these places charge ~5% to custody your funds and your data, it would be a bit embarrassing for them to pivot and announce that they are offering coinjoins which are non custodial, completely private, with a fee rate of <0.3% to compete with the current market.


Can't each individual coordinator configure their fees to be higher or lower?

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Kruw
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December 11, 2023, 08:38:46 PM
 #23

Can't each individual coordinator configure their fees to be higher or lower?

Yes.  I know there's some maximum coordinator fee sanity check threshold embedded in Wasabi clients that they won't pay above, but I don't know what value it's set to exactly. 

You can use Bitcoin privately without giving up custody: https://mempool.space/tx/d465033214fd2309dcce5a90c45fcaa788aa4394ee36debe07aad8d8a37907d2
^ Participate in coinjoin transactions like this with Wasabi Wallet ^
Nostr: npub1pww7030g95nv9ptfpgfu69jpfxj6pm33xxueztsupwekce45wx4sm6en60
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