OrangeThoughts on Nostr: Coinjoining KYC coins makes absolutely no sense. You only gain forward privacy which ...
Coinjoining KYC coins makes absolutely no sense.
You only gain forward privacy which is not the issue with KYC. The issue of KYC is that your personal information is connected to a Bitcoin purchase and stored in a database which can (probably will) get in the hands of criminals and encroaching states.
Nobody will care about coinjoining or your "boating accident" story. The only way to get rid of that issue is to sell those coins at the same place you bought them.
You only gain forward privacy which is not the issue with KYC. The issue of KYC is that your personal information is connected to a Bitcoin purchase and stored in a database which can (probably will) get in the hands of criminals and encroaching states.
Nobody will care about coinjoining or your "boating accident" story. The only way to get rid of that issue is to sell those coins at the same place you bought them.