4 ms·
Every address, not every 'wallet' - it's a big difference
by herendin 6y ago
Every address, not every 'wallet' - it's a big difference
- lottin 6y agoWhat's the difference, exactly?
- iso8859-1 6y agoThere are wallet like Wasabi and joinmarket-clientserver with a single UI for managing coins and anonymize coins that are then difficult for an outsider to connect to each other. Even without these privacy-focused wallets, you can use an HD wallet, where "child addresses" derived from a never-directly-used root key cannot be connected by a third party, unless you do something to connect them, by e.g. transacting with coins from both wallets from the same IP or in the same transaction.
- lottin 6y agoBitcoin avoids the double-spending problem by using a public ledger. This means all bitcoin transactions are known to any observer. There is no way round it. The best you can hope for is some "anonymity through obscurity" but this only gives a false sense of anonymity.
- warkdarrior 6y agoSee https://coinalytics.co/ https://coinalytics.co/
- intotheabyss 6y agoOn Ethereum you can break the chain by using Tornado Cash which uses zero knowledge proofs with a secret, anonymity sets and time to make it impossible to trace a link.
- iso8859-1 6y agoMonero and Grin/Beam are also public ledgers. But they are harder to deanonymize. You brought a non-sequitur. The CoinJoin paper details the level of anonymity that it can offer. I could cite it to you here, but I am not convinced that you would read it if I did.
- lottin 6y agoThe level of anonymity it can offer is zero. All you can do is obscure the recipient of an outgoing payment or the sender of an incoming payment. We still know all the cash flows in and out of every single address in the network.
- codehalo 6y agoA wallet can have multiple addresses. You can spend from different addresses without mixing.