xmrk ₿ ⚡️ on Nostr: Trying mercury wallet (https://mercurywallet.com/), a tool to swap bitcoins ...
Trying mercury wallet (https://mercurywallet.com/), a tool to swap bitcoins off-chain. The biggest flaw is the lack of users, almost nobody to swap the coins with. And their withdrawal fee could be lower, it is 0.5 %.
I saw a claim (probably by creators, but cannot find it now) that mere possibility of off-chain swap means that any tx can be off-chain swap so chain analysis is less useful. This is only true with some qualifications. You would need to do fake deposit of X btc into mercury wallet, and then fake withdrawal of X*(1-0.005) btc to simulate paying the fee, so you have to deliberately fake it. And there is an explorer at https://explorer.mercurywallet.com/ , which made me doubt if it is private, but I could not find a link between my original and swapped coin.
There are plans to integrate lightning, which is always a good thing both for privacy and for fees.
I saw a claim (probably by creators, but cannot find it now) that mere possibility of off-chain swap means that any tx can be off-chain swap so chain analysis is less useful. This is only true with some qualifications. You would need to do fake deposit of X btc into mercury wallet, and then fake withdrawal of X*(1-0.005) btc to simulate paying the fee, so you have to deliberately fake it. And there is an explorer at https://explorer.mercurywallet.com/ , which made me doubt if it is private, but I could not find a link between my original and swapped coin.
There are plans to integrate lightning, which is always a good thing both for privacy and for fees.