L0la L33tz on Nostr: This Thanksgiving, please enjoy the banksters completely bamboozled by what on earth ...
This Thanksgiving, please enjoy the banksters completely bamboozled by what on earth a coinjoin is.
TLDR:
1. CoinJoin and Whirlpool are types of privacy enhancers. Privacy-enhancers are anonymity-enhanced cryptocurrencies that are activated by mechanisms like hard- and soft forks. (?)
2. Mixers and Tumblers are not privacy enhancers (??). Examples of Mixers and Tumblers are Wasabi Wallet and Samourai Wallet.
3. Mixers and Tumblers obfuscate transactions by, for example: creating independent transactions via single-use addresses (???), facilitating user-initiated delays (????), and exchanging types of digital assets through cross-chain bridges (?????).
Really glad that they took the time to explain this all so well to their banking friends. I'm sure it all makes so much more sense now.
Fully story: https://www.therage.co/wolfsberg-group-creates-deeply-flawed-definitional-hierarchy-for-ml-tf-risks-in-digital-assets/
TLDR:
1. CoinJoin and Whirlpool are types of privacy enhancers. Privacy-enhancers are anonymity-enhanced cryptocurrencies that are activated by mechanisms like hard- and soft forks. (?)
2. Mixers and Tumblers are not privacy enhancers (??). Examples of Mixers and Tumblers are Wasabi Wallet and Samourai Wallet.
3. Mixers and Tumblers obfuscate transactions by, for example: creating independent transactions via single-use addresses (???), facilitating user-initiated delays (????), and exchanging types of digital assets through cross-chain bridges (?????).
Really glad that they took the time to explain this all so well to their banking friends. I'm sure it all makes so much more sense now.
Fully story: https://www.therage.co/wolfsberg-group-creates-deeply-flawed-definitional-hierarchy-for-ml-tf-risks-in-digital-assets/