Wasabi Wallet - Open Source, Noncustodial Coinjoin Software

[ABCbits]

https://blog.wasabiwallet.io/zksnacks-is-discontinuing-its-coinjoin-coordination-service-1st-of-june/

Damn, i just write this statement 5 days ago.

What is the assessment here? Are Wassabi developers comfortable continuing to operate their company and develop their projects as they currently do given the developments regarding Samurai wallet? Hopefully it through reduced to no US ties they will have no problems.

If they stop WabiSabi (name of their CoinJoin protocol) development or their mainnet WabiSabi coordinator now, people will assume the controversial blacklist[1] isn't effective to ensure survival of zkSNACKS and what they develop. So i expect they'll continue do what they currently do.

[1] https://blog.wasabiwallet.io/zksnacks-blacklisting-update/

Anyway, does that mean zkSNACKs also stop developing WabiSabi protocol or new privacy feature?

[witcher_sense]

https://blog.wasabiwallet.io/zksnacks-is-discontinuing-its-coinjoin-coordination-service-1st-of-june/

Centralized privacy enchancing tools have always been nonsense.

[NotATether]

https://blog.wasabiwallet.io/zksnacks-is-discontinuing-its-coinjoin-coordination-service-1st-of-june/

So in the end, all of your bickering about Wasabi's privacy versus other wallets was for nothing.

[Kruw]

So in the end, all of your bickering about Wasabi's privacy versus other wallets was for nothing.

No it wasn't, I run my own coordinator. You can connect to it by adding this line to your Wasabi config file:

"MainNetCoordinatorUri": "https://btcpay.kruw.io/plugins/wabisabi-coordinator/",

[alani123]

Wasabi is the way forward. Now, more than ever, the Bitcoin community has to rally around it and let the coinjoins continue to flow.

With the main (only?) revenue source of Wasabi wallet gone, as well as its main feature, what will be the incentives moving forward?
Seems too unclear, maybe the team hasn't figured it out either. From what I understand from the post though, the wallet will also remove the ability to run coinjoin features on other coordinators from upcoming updates?

[Kruw]

With the main (only?) revenue source of Wasabi wallet gone, as well as its main feature, what will be the incentives moving forward?
Seems too unclear, maybe the team hasn't figured it out either. From what I understand from the post though, the wallet will also remove the ability to run coinjoin features on other coordinators from upcoming updates?

There's no plans to remove the coinjoin feature. It wouldn't matter if it was because the code has been open source since the very beginning, anyone can fork it.

[alani123]

With the main (only?) revenue source of Wasabi wallet gone, as well as its main feature, what will be the incentives moving forward?
Seems too unclear, maybe the team hasn't figured it out either. From what I understand from the post though, the wallet will also remove the ability to run coinjoin features on other coordinators from upcoming updates?

There's no plans to remove the coinjoin feature. It wouldn't matter if it was because the code has been open source since the very beginning, anyone can fork it.

When I read:

Wasabi Wallet will continue to function as a regular bitcoin wallet, users can generate private keys to receive and send bitcoin. Even without coinjoins, Wasabi’s client-side filtering architecture, Tor integration and custom coin selection make it the most private light wallet available. However, the nature of the bitcoin blockchain prevents users from obtaining complete privacy without coinjoins.

via

What I understand is that there won't be a continued support for coinjoin features on mainstream Wasabi. Yeah maybe someone could run an old release or fork it though but I was wondering about Wasabi as we know it, same team etc.

[Kruw]

What I understand is that there won't be a continued support for coinjoin features on mainstream Wasabi. Yeah maybe someone could run an old release or fork it though but I was wondering about Wasabi as we know it, same team etc.

Most of the previous team will likely stop contributing without funding, and the maintainers will not be working on coinjoins. Fortunately, the open source project was launched 2 years ago and is a stable piece of software.

[BlackHatCoiner]

Seems too unclear, maybe the team hasn't figured it out either. From what I understand from the post though, the wallet will also remove the ability to run coinjoin features on other coordinators from upcoming updates?

They're in a quite difficult situation, as far as anyone can tell. The fact that they are shutting down the main coordinator means they'd probably having legal problems otherwise. The good question is if they'll continue developing Wasabi as privacy enhancing software in general. If I had to guess, they'll probably stop developing as time goes by.

Nobody in their right mind would use Wasabi after the thousand red flags, but still, the liquidity which was sitting on the main coordinator could attract those few left. Now that the authorities are hostile on everyone writing Bitcoin privacy software, they'll probably not switch to decentralized.

I might hate Wasabi. And I've done all I could to warn about their intentions and suspicious activities. But, even for my enemy, I wouldn't have wished being shut down by the state like that. Nobody deserves it, I think.

[Pmalek]

None of my time was wasted. I am proud of every Bitcointalk user I prevented from losing their coins and leaking their data to the custodial mixing scams promoted here by o_e_l_e_o, BlackHatCoiner, Pmalek, and others.

I saw the blog post yesterday, but didn't want to rub salt into the wound. Not because you don't deserve to. You do deserve it. But since you felt obliged to mention my name in the hour of your greatest failure, I will share a few words.

Wasabi is the way forward.

Wasabi and zkSNACKs have failed. The mission is over. You have sold out everyone you possibly could, and now you are packing your bags. You have failed to provide privacy to your customers, but you were successful in cooperating with the enemy.

Despite your funding of blockchain analysis and working with your handlers, they didn't want you. That's what happens when you join the dark side. You get used and spit up. You shouldn't have done it. You were ready to drop to your knees and pull down your pants, but no one was interested.

Wasabi could have gone down in history as one of the best in the game, but you didn't. And you Kruw will be remembered as the lying and manipulative scum who was looking forward to someone's death. That someone, who, in contrast to you, wasn't ready to spread their cheeks. 

Your mission is a failure!

[Kruw]

Nobody in their right mind would use Wasabi after the thousand red flags

Wasabi is completely trustless software, there are no "red flags". You are a SCAMMER who lured people into custodians who stole their funds.

Wasabi and zkSNACKs have failed. The mission is over. You have sold out everyone you possibly could, and now you are packing your bags.

You're WRONG. Wasabi is decentralized open source software, I run my own coordinator:

No it wasn't, I run my own coordinator. You can connect to it by adding this line to your Wasabi config file:

"MainNetCoordinatorUri": "https://btcpay.kruw.io/plugins/wabisabi-coordinator/",

Wasabi could have gone down in history as one of the best in the game, but you didn't.

You're WRONG. Wasabi has turned over 300,000 non private Bitcoins into private Bitcoins. It is quite literally the most successful privacy project in Bitcoin.

And you Kruw will be remembered as the lying and manipulative scum who was looking forward to someone's death.

What lie are you accusing me of?  Use a direct quote. You are a SCAMMER who lured people into custodians who stole their funds.

[DaveF]

I just find the most interesting part that they stopped supporting people in the US and then just shut down.

So were most of the TXs coming from the US or was there other pressure or my view, that most people everywhere were just not using it and there was no profit to be made and this is just a convenient excuse to get rid of the service.

-Dave

[Kruw]

I just find the most interesting part that they stopped supporting people in the US and then just shut down.

So were most of the TXs coming from the US or was there other pressure or my view, that most people everywhere were just not using it and there was no profit to be made and this is just a convenient excuse to get rid of the service.

-Dave

There's no problems of profitability, volumes are huge and growing:

[alani123]

I just find the most interesting part that they stopped supporting people in the US and then just shut down.

So were most of the TXs coming from the US or was there other pressure or my view, that most people everywhere were just not using it and there was no profit to be made and this is just a convenient excuse to get rid of the service.

-Dave

I don't think you can realistically block users from a specific country with FOSS software. CZ is facing a prison sentence for simply the feds claiming users could overcome binance.com limitations with a VPN and fake ID. Wasabi didn't have KYC, didn't do IP checks, it was just FOSS software running locally. The devs could block the website to American IPs but it would be ridiculously easy to still get the software. So if  the feds eyed privacy software they could just send the devs in prison, or at least make them face a very tedious court battle abroad like Julian Assange is.

I don't wish that to anyone, so really I think them shutting down the privacy part of the project is the right choice for their own wellbeing. If anyone wants to fork it, they're free to do so. It better be done anonymously too so it's harder to get leads against anyone. Wasabi's team was very public with their development. I just hope feds don't come for them even after they shut down the privacy aspect of their software.

[examplens]

I don't wish that to anyone, so really I think them shutting down the privacy part of the project is the right choice for their own wellbeing. If anyone wants to fork it, they're free to do so. It better be done anonymously too so it's harder to get leads against anyone. Wasabi's team was very public with their development. I just hope feds don't come for them even after they shut down the privacy aspect of their software.

This decision is understandable, nothing is worth it for someone to spend time in prison.
It is quite obvious that this hunt by the US authorities against services that increase anonymity will also have some other effects, I believe unwanted for them. Legal services like Wasabi will remain in legal streams, but part of the functions (like Coinjoin) will be forked into a new "illegal" branch that they cannot control or punish. Too much pressure was always the wrong way.

[BlackHatCoiner]

I just find the most interesting part that they stopped supporting people in the US and then just shut down.

Nothing interesting. Blocking access to US people would be just another "precautionary" measure after the Samourai devs arrest, just like the blacklisting. Then, after acknowledging the risk, they said to shut it down sooner rather than later.

I don't wish that to anyone, so really I think them shutting down the privacy part of the project is the right choice for their own wellbeing.

Quite a big part. Wasabi is supposed to be a privacy-focused wallet. Removing the privacy part is like removing half of what it aims to address.  

[DaveF]

I just find the most interesting part that they stopped supporting people in the US and then just shut down.

Nothing interesting. Blocking access to US people would be just another "precautionary" measure after the Samourai devs arrest, just like the blacklisting. Then, after acknowledging the risk, they said to shut it down sooner rather than later.
...

A lot of casinos and exchanges are out there that just block US IPs and call it a day.
And many of them move a lot more BTC in a day then Wasabi ever did.
Not a 100% perfect analogy but if all some exchange is asking for is an email to withdraw 1BTC or so a day you can move a lot of BTC somewhat easily.

-Dave

[Kruw]

MASSIVE coinjoins are happening with huge volumes:

387 BTC - https://mempool.space/tx/0375655aa7b30074bd4a2c3b174c3b5db6745ec8b5fc94eccb926615223f1d14
368 BTC - https://mempool.space/tx/49645b71f9e2b538a7dd240f0b1a02e3e264b783feb2d496b839359e50abf649

[Wind_FURY]

>>snip<<

I am still surprised you trust these politicians and Governments that will do anything to stay a float and try to control their people, or should we say flock? Politicians will follow any trend so long as it benefits them and feeds their greed. Once they have taken a grip of their people, they will ban whatever they think is no longer useful to them.

 

Before you post, could you please read what was posted two times and try to get the context? Especially before snipping. What I said was that some of them might have gotten smarter and have gone deeper in their understanding of Bitcoin. Because I give SOME credit doesn't mean I trust them. We should always get the actual context, no?

[Dont Trust Verify]

Nobody in their right mind would use Wasabi after the thousand red flags, but still, the liquidity which was sitting on the main coordinator could attract those few left. Now that the authorities are hostile on everyone writing Bitcoin privacy software, they'll probably not switch to decentralized.

I might hate Wasabi. And I've done all I could to warn about their intentions and suspicious activities. But, even for my enemy, I wouldn't have wished being shut down by the state like that. Nobody deserves it, I think.

Why didn’t you warn people about the thousands of red flags with ChipMixer, Whirlwind, MyCryptoMixer, Sinbad, YoMix, UniJoin, Tumbler io?

How many users were rugpulled because trusted members of the bitcointalk community recommended these scams?