Bitcoin

825 readers

1 users here now

Do not use URL shortening services: always submit the real link.
Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
News articles that do not contain the word "Bitcoin" are usually off-topic. This sublemmy is not about general financial news.
Submissions that are mostly about some other cryptocurrency belong elsewhere. This sublemmy is exclusive to Bitcoin.
No referral links in submissions.
No Self Promotion

founded 2 years ago

MODERATORS

[email protected]

Phoenix and Wasabi exit US market amid self-custody wallet crackdown (cointelegraph.com)

submitted 10 months ago by [email protected] to c/[email protected]

10 comments fedilink hide all child comments

"Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States."

Wasabi is the main competitor to Samourai's whirpool mixing service. The only one flying under the radar currently is Joinmarket.
Phoenix is the Lightning network wallet where users keep custody of their funds, but the channel management is outsourced to the company. The only remaining self custodial lightning wallet that remains is Breez.

While this news is deeply troubling, it might push further development to more sustainable trustless self-custodial solutions in the long term.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 10 months ago (1 children)

Or dash, ltc, dogec, etc.

Xmr is too much of a pain in the ass to use. Dash is so much easier and is seeing so much more development on the ux side of things. It's much easier to scramble funds on chain with dash than with most other coins.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago) (2 children)

Well, doge and ltc Our traceable, just like Bitcoin is... I know that at least ltc has Mimble Whimble.

Edit: How do you figure Monero is a pain to use? It seems pretty intuitive.

[–] [email protected] 1 points 10 months ago

Not Doge, dogec, which is built on dash, pivx, etc.

I'm guessing you don't know how to properly mix funds if/when it's needed. If you really need to obscure source of funds, it's so fucking easy to do so with any coin but I'm not sure if I should be laying that out here in public. It would be the same as giving away the secrets for money laundering, identity theft, etc and that's probably not something I should be sharing with the average user.

I haven't used Xmr in awhile because it was most definitely (as of the last time I used it) not as easy to use as the others.

[–] [email protected] 1 points 10 months ago (1 children)

Didn't mimblewimble suffer from a disign flaw where the transactions were anonymized in the blocks, but traceable for anyone listening for the mempool chatter?

[–] [email protected] 1 points 10 months ago

I honestly have no idea as I've never actually looked very much into Mimble Whimble.