SaberhagenTheNameless on Nostr: Mixing and coinjoins don't give you privacy. Nothing is hidden. All amounts and ...
Mixing and coinjoins don't give you privacy. Nothing is hidden. All amounts and connections are still visible. It is merely ownership obfuscation. Pseudonymity - not even true anonymity.
Mixing and coinjoins don't make Bitcoin fungible. They do the opposite. You stand out. Coinjoins and mixing taint your coins and distinguish them from non-coinjoined coins. You bifurcate Bitcoin from within.
There are still plenty of reasons to want privacy even if government didn't exist:
-$5 wrench attacks
-Public knowledge of your spending habits
-Price discrimination
-Avoid targeted advertising and manipulation
-Business competitors seeing your financials and who you interact with
https://sethforprivacy.com/posts/fungibility-graveyard/
Mixing and coinjoins don't make Bitcoin fungible. They do the opposite. You stand out. Coinjoins and mixing taint your coins and distinguish them from non-coinjoined coins. You bifurcate Bitcoin from within.
There are still plenty of reasons to want privacy even if government didn't exist:
-$5 wrench attacks
-Public knowledge of your spending habits
-Price discrimination
-Avoid targeted advertising and manipulation
-Business competitors seeing your financials and who you interact with
https://sethforprivacy.com/posts/fungibility-graveyard/