I wasn't a fan of what Wasabi did with CA and other actions they took. But taking their coordinator out of the equation changes things quite a bit.. I'm going to look into this again. I had no idea about the coordinator list to choose from. Really glad to see this info out there.
@@Steve-rm4ot Not really. Wasabi is primarly made to be used as a wallet. Which means receive 1 BTC, coinjoin, then pay 0.1 BTC, then 0.2 BTC, then receive 0.5 BTC etc etc... So never spend the whole balance. There are additional privacy consideration when spending the full balance after coinjoining. Basically the problem is as such -> you have 1.2345678 BTC, you coinjoin, then you send 1.2345677 BTC. As an outside observer, I can consider the coinjoin as a blackbox, and see what goes in and what goes out, then assume that those inputs are linked as the amounts are so close. The more liquidity in the coordinator, the less this risk exists, but even so it is always better to avoid fully consolidating coins into one single UTXO. As mentioned, improving post mix operations is on our roadmap.
So confusing. So many questions 1. Do you NEED to CREATE a Wasabi Hot Wallet in order to use the Wasabi CoinJoin? Or can you coinjoin Directly From and back into a Hardware device such as a Ledger or Coldcard? I don't use Hot Wallets so if I understand this correctly I cannot do this without using a Wasabi Hot Wallet to act as the go between. Correct? 2. Would it be better to first do a UTXO Consolidation before doing a coinjoin in order to get a higher Privacy Score for the Consolidate Coins since there will be only 1 big UTXO that you will be conjoining? Or does that become invalid when you do a CoinJoin because the Conjoin process will create multiple UTXO outputs so then you would need to do another UTXO Consolidation?
1) Doing coinjoin directly onto hardware wallet is a major technological challenge because hardware wallets aren't made to automatically sign transactions. However, Wasabi supports Trezor, but I'm not sure how to do now that the default's coordinator has been shut down. 2) It is better to load your seed in Wasabi and coinjoin, avoiding consolidation.
Well done and thank you. I conducted my own test as you discussed using a Ledger nano with success. Do you see any issues with sending btc from my ledger to the wasabi wallet for the coinjoin to then automatically put the secured coins back into my ledger account?
Thanks for sharing this process. I very much appreciate your work here but do you mind me asking if I can use a Ledger in this process? I haven't got myself a Cold Card yet. Thanks again!
Thanks, always good content, but would appreciate a lot if you could pls provide some input to if Sparrow still have a coinjoin feature ? & if you would prefer Wasabi for Sparrow ? if so why/why not?
How does this trading /investing stuff work? I'm really interested but I just don't know how to go about it. I heard people really make it huge trading.
What impresses me most about Anita Fred is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Anita is the perfect trader to follow for advise and daily signals.
It is better as it's also used as a password but you can leave the space blank and no passphrase will be used. Same when recovering a wallet created outside of wasabi without a passphrase, leave the space blank. You cannot use a password in that case unfortunately
Lets say i have coinjoined 1 bitcoin. And now have 25 utxo’s in my coinjoined/hardware wallet. When i send out these 25 utxo’s back into my own wallet to create 1 utxo out of the 25, would that ruin my privacy?
What you really have to take care about is the amount matching. Let's put yourself in the shoes of a blockchain observer. You see 1.2345678 BTC entering a coinjoin. Then 1 week later you see 1.2345 BTC being consolidate. You can assume that this is the same entity, simply losing some fees in the process. In general, it is really degrading privacy to sweep your whole balance. Wasabi is best use as a hot wallet: you receive money let's say from your wage. Coinjoin it. Then what you want to save you consolidate to an hardware wallet (while this is not a sweep, this won't really degrade your privacy), and use the rest of the funds to make payments, coinjoin the change etc etc...
Bro, better talk about something that really works. I’ve been saying for a year now that you can add crypto in the Cryptonica liquidity pool and gain with no pain
If i have my hardware wallet in wasabi and send from another wallet my coins will it coinjoin? Or do i firstly have to send my coins to the wasabi hot wallet?
Of course. Wasabi doesn't have a coordinator by default anymore, but the code being open source it means new entities can run this service, and Wasabi's client can connect to it. Watch the video, he is doing it.
Bro, better talk about something that really works. I’ve been saying for a year now that you can add crypto in the Cryptonica liquidity pool and gain with no pain
I wasn't a fan of what Wasabi did with CA and other actions they took. But taking their coordinator out of the equation changes things quite a bit.. I'm going to look into this again. I had no idea about the coordinator list to choose from. Really glad to see this info out there.
Wow! Thank you for making this. Privacy is so important to have a free and open society.
Excellent content as usual. Thanks!
Thanks for all you do!
Hey ben thank you for you work here, ! Good stuff
Could you not consolidate the utxos in your ccq?
Consolidating post coinjoin must be done carefuly (basically in several chunks) as it can degrade your privacy because of amount matching patterns
@@Turbolay-Wasabiok thanks, would it be smarter than to run the whole wallet through another coinjoin then instead of consolidating it all? Thanks
@@Steve-rm4ot Not really. Wasabi is primarly made to be used as a wallet. Which means receive 1 BTC, coinjoin, then pay 0.1 BTC, then 0.2 BTC, then receive 0.5 BTC etc etc... So never spend the whole balance. There are additional privacy consideration when spending the full balance after coinjoining. Basically the problem is as such -> you have 1.2345678 BTC, you coinjoin, then you send 1.2345677 BTC. As an outside observer, I can consider the coinjoin as a blackbox, and see what goes in and what goes out, then assume that those inputs are linked as the amounts are so close. The more liquidity in the coordinator, the less this risk exists, but even so it is always better to avoid fully consolidating coins into one single UTXO. As mentioned, improving post mix operations is on our roadmap.
So confusing. So many questions
1. Do you NEED to CREATE a Wasabi Hot Wallet in order to use the Wasabi CoinJoin? Or can you coinjoin Directly From and back into a Hardware device such as a Ledger or Coldcard? I don't use Hot Wallets so if I understand this correctly I cannot do this without using a Wasabi Hot Wallet to act as the go between. Correct?
2. Would it be better to first do a UTXO Consolidation before doing a coinjoin in order to get a higher Privacy Score for the Consolidate Coins since there will be only 1 big UTXO that you will be conjoining? Or does that become invalid when you do a CoinJoin because the Conjoin process will create multiple UTXO outputs so then you would need to do another UTXO Consolidation?
1) Doing coinjoin directly onto hardware wallet is a major technological challenge because hardware wallets aren't made to automatically sign transactions. However, Wasabi supports Trezor, but I'm not sure how to do now that the default's coordinator has been shut down.
2) It is better to load your seed in Wasabi and coinjoin, avoiding consolidation.
Well done and thank you. I conducted my own test as you discussed using a Ledger nano with success. Do you see any issues with sending btc from my ledger to the wasabi wallet for the coinjoin to then automatically put the secured coins back into my ledger account?
Thanks for sharing this process. I very much appreciate your work here but do you mind me asking if I can use a Ledger in this process? I haven't got myself a Cold Card yet. Thanks again!
You can
Thanks, always good content, but would appreciate a lot if you could pls provide some input to if Sparrow still have a coinjoin feature ? & if you would prefer Wasabi for Sparrow ? if so why/why not?
Thx Ben! 🙏👍
How does this trading /investing stuff work? I'm really interested but I just don't know how to go about it. I heard people really make it huge trading.
Get yourself someone like Anita Fred who understands the market very well and is also a professional in placing trades. That's the key.
I am surprised that her name is being mentioned here, I stumbled upon some of her clients testimonies on CNBC news last week.
What impresses me most about Anita Fred is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Anita is the perfect trader to follow for advise and daily signals.
Anita Fred expertise is truly commendable. She has this skill of making complex crypto concepts easy to understand
I read somewhere that there is a chance that the exchanges will not accept coinjoined btc. Because some day you may want to cash out. Is that true?
It's a possibility as coinjoin leaves a on-chain fingerprint. However this until now only happened with few small entities.
ive added a coordinator but my privacy progress still shows N/A.. im saddened
I don't understand, why did you say that 40 sat/vB is a low fee?? That's incredible high.
Looks like paraphrase is required when setting up a wasabi wallet. Or no?
It is better as it's also used as a password but you can leave the space blank and no passphrase will be used. Same when recovering a wallet created outside of wasabi without a passphrase, leave the space blank. You cannot use a password in that case unfortunately
Lets say i have coinjoined 1 bitcoin. And now have 25 utxo’s in my coinjoined/hardware wallet. When i send out these 25 utxo’s back into my own wallet to create 1 utxo out of the 25, would that ruin my privacy?
What you really have to take care about is the amount matching. Let's put yourself in the shoes of a blockchain observer. You see 1.2345678 BTC entering a coinjoin. Then 1 week later you see 1.2345 BTC being consolidate. You can assume that this is the same entity, simply losing some fees in the process. In general, it is really degrading privacy to sweep your whole balance. Wasabi is best use as a hot wallet: you receive money let's say from your wage. Coinjoin it. Then what you want to save you consolidate to an hardware wallet (while this is not a sweep, this won't really degrade your privacy), and use the rest of the funds to make payments, coinjoin the change etc etc...
not one word out of this guy’s mouth would make me believe him.
Bro, better talk about something that really works. I’ve been saying for a year now that you can add crypto in the Cryptonica liquidity pool and gain with no pain
This place is bot city lol
If i have my hardware wallet in wasabi and send from another wallet my coins will it coinjoin? Or do i firstly have to send my coins to the wasabi hot wallet?
@BTCSessions, have you noticed on MacOs M1/M2's that the wasabi wallet crashes / is not responding after a short while?
i saw the article saying wasabi wallets shuts down the coinjoin services this yr april. is it still working ???
Of course. Wasabi doesn't have a coordinator by default anymore, but the code being open source it means new entities can run this service, and Wasabi's client can connect to it. Watch the video, he is doing it.
@@Turbolay-Wasabi thank u so much then it means i can still make my btc anonymous and coinjoin them right? :) im still new to crypto.
@11:33 Leonardo_DiCaprio_pointing.gif
Bro, better talk about something that really works. I’ve been saying for a year now that you can add crypto in the Cryptonica liquidity pool and gain with no pain