Is it practical to send to a different wallet address in Sparrow every time and then to my Coldcard from Sparrow? Trying to get my head around this. Thanks.
Appreciate the kind words and support! Good suggestion - there are a handful of other privacy related topics such as PayJoin (which I’m pretty sure JoinMarket uses under the hood btw) as a standalone concept as well as some of the newer stuff around silent payments
21:20 do I really have a choice in between abs and rel fees? Is it correct that all other orders are neglected, let's say, one chooses absolute fee, are orders from makers with rel fee ignored?
I believe it’s just going to try and give you the best offer for that fee structure you’ve selected but good point I need to test out some more scenarios looking at the order book data
Devastated every time I have to answer this question because unfortunately they closed the business down 😭 It was called Mr. Satoshi and was run out of Australia
One more question, I remember Andreas Antonopolous talking about how exchanges would get pissed off if you coinjoined your way in, is that still the case, and how would we even know who is cool and who isn't cool with a coinjoin?
Great question. There have been a handful of cases of exchanges asking users for more information when detecting that they’re depositing recently mixed coins. There was a website that was tracking that (6102 Bitcoin) but it looks like it has shut down. IIRC there weren’t any of the big exchanges listed but that doesn’t mean it doesn’t happen. FWIW I think it was found that these instances were tied to Wasabi Wallet, and I’m not aware of any instances tied to joinmarket but again doesn’t mean it doesn’t happen. Samourai Wallet had a tool called Ricochet which would basically programmatically send a payment multiple “hops” before landing at the exchange since they’re often only looking a couple payments back for that incoming deposit. All of that is to say, definitely a risk but I’m not aware of any serious repercussions other than requesting for more info/context from the user
WIth the recent growth of the UTXO set, do you have to have as many gigs of RAMS as the UTXO set? Or will it swap in and out of memory, but thrash and run really slow?
That hasn’t been a requirement in my experience. I think we’re over 10GB now for the serialized UTXO set and there are plenty of 8GB and even 4GB ram nodes chugging away :)
Panterka, centki czy ospa to najczęściej użycie do wypieku zbyt zimnego ciasta. Jak odstoi i nabierze pokojowej temperatury to raczej panterka nie wystąpi.
Privacy is the darkroom in which we develop the sketches of our free thoughts, before exposing them to the blinding light of others' judgment. No more privacy. No more free thoughts.
I suppose they are in the sense that “makers” are constructing partially signed transactions that will programmatically execute at a later time if a “taker” takes the offer, but these are much simpler smart contracts that have been around a long time and before ethereum was created. Joinmarket is a very battle-tested piece of software and I would not equate the risk to something like a DEX on ethereum.
They would have to not only shut down the source code on GitHub but also track down all individuals that have ever downloaded and/or forked the code and/or taken a backup of it which is just not practical or justifiable even for an entity with a money printer. This differs from something like Samourai Wallet whose coinjoin coordinator server essentially represents a single point of failure.
have you seen the new btc wallets/development called silent payments
I have! Awesome to see it start getting to be implemented. It doesn’t solve for everything but it definitely helps. Planning to do a video soon ish.
Does it take as long to mix as it did with Samurai?
We're in dire need of these tools.
Is it practical to send to a different wallet address in Sparrow every time and then to my Coldcard from Sparrow? Trying to get my head around this. Thanks.
As always, very informative.
Good content! Keep stacking!
Does being a provider swap all of the sats sitting in the liquidity pool?
Very good , as usual
thanks for your efforts🧡
Thanks bro brilliant video. Am getting jam
Great to hear! More users on Jam will benefit everyone using it.
Ian glad to see your channel is growing steadily. It’s a great resource. Can you do a video on PayJoin? Keep up the good work.
Appreciate the kind words and support! Good suggestion - there are a handful of other privacy related topics such as PayJoin (which I’m pretty sure JoinMarket uses under the hood btw) as a standalone concept as well as some of the newer stuff around silent payments
@@IanMajor I’d love to learn more about all the privacy tech available now. How to best utilize it as a non-technical pleb doing on chain txs
Superb video. Thanks!
Glad you enjoyed it!
Thank you a lot for this video :)
21:20 do I really have a choice in between abs and rel fees? Is it correct that all other orders are neglected, let's say, one chooses absolute fee, are orders from makers with rel fee ignored?
I believe it’s just going to try and give you the best offer for that fee structure you’ve selected but good point I need to test out some more scenarios looking at the order book data
Great video but random question… what brand hoodie is that? I like it!
Devastated every time I have to answer this question because unfortunately they closed the business down 😭 It was called Mr. Satoshi and was run out of Australia
One more question, I remember Andreas Antonopolous talking about how exchanges would get pissed off if you coinjoined your way in, is that still the case, and how would we even know who is cool and who isn't cool with a coinjoin?
Great question. There have been a handful of cases of exchanges asking users for more information when detecting that they’re depositing recently mixed coins. There was a website that was tracking that (6102 Bitcoin) but it looks like it has shut down. IIRC there weren’t any of the big exchanges listed but that doesn’t mean it doesn’t happen. FWIW I think it was found that these instances were tied to Wasabi Wallet, and I’m not aware of any instances tied to joinmarket but again doesn’t mean it doesn’t happen. Samourai Wallet had a tool called Ricochet which would basically programmatically send a payment multiple “hops” before landing at the exchange since they’re often only looking a couple payments back for that incoming deposit. All of that is to say, definitely a risk but I’m not aware of any serious repercussions other than requesting for more info/context from the user
thank you
WIth the recent growth of the UTXO set, do you have to have as many gigs of RAMS as the UTXO set? Or will it swap in and out of memory, but thrash and run really slow?
That hasn’t been a requirement in my experience. I think we’re over 10GB now for the serialized UTXO set and there are plenty of 8GB and even 4GB ram nodes chugging away :)
Panterka, centki czy ospa to najczęściej użycie do wypieku zbyt zimnego ciasta. Jak odstoi i nabierze pokojowej temperatury to raczej panterka nie wystąpi.
Privacy is the darkroom in which we develop the sketches of our free thoughts, before exposing them to the blinding light of others' judgment.
No more privacy. No more free thoughts.
Wow love that - did you come up with it?
@@IanMajor Thx. I did yes. Feel free to reuse it. It's open source now ;)
Does this utilize smart contracts? How safe is it? ETH have been hacked by exploitation of smart contracts in the past.
I suppose they are in the sense that “makers” are constructing partially signed transactions that will programmatically execute at a later time if a “taker” takes the offer, but these are much simpler smart contracts that have been around a long time and before ethereum was created. Joinmarket is a very battle-tested piece of software and I would not equate the risk to something like a DEX on ethereum.
Awesome video as always! Just out of curiosity. Why are you using windows and not Linux?
There are some things for my work that are easier on windows… planning to switch at some point esp as windows introduces more and more intrusive bs
Is JoinMarket down?
Not last I checked? Its also P2P so there isn’t really a concept of “down”
very cool
Cool thx
If it's the last one standing, why would you put it out there?
What ?
To make it more liquid and thus stronger.
Its the only one left standing because its decentralised, not because the feds don't know about it!
@@huxley49620 Correct. It's peer to peer. But your saying that join market itself can't be shut down? Not being a smart butt, seriously asking.
They would have to not only shut down the source code on GitHub but also track down all individuals that have ever downloaded and/or forked the code and/or taken a backup of it which is just not practical or justifiable even for an entity with a money printer.
This differs from something like Samourai Wallet whose coinjoin coordinator server essentially represents a single point of failure.
❤😊