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Let the hop wars begin then..., I know it's easier for wallet makers to add more hops to anonymizing tech than for chainalysis to deanonymize the transactions..
by mrscottson 6y ago
Let the hop wars begin then..., I know it's easier for wallet makers to add more hops to anonymizing tech than for chainalysis to deanonymize the transactions....when 90+% of the wallets do this by default, that company will probably have to shut down.
- selsta 6y agoNo, that’s not what my comment intended to say. While some exchanges say they will ignore everything after a few hops, blockchain analysis companies can track them fine. Moving Bitcoins between wallet is not anonymity and does not give you plausible deniability against law enforcement.
- mrscottson 6y ago>Moving Bitcoins between wallet is not anonymity and does not give you plausible deniability against law enforcement. Moving fractions of bitcoin between 100+ wallets using something like coinjoin absolutely gives you plausable deniability and anonymity, how would anyone know what % is still in your custody? With enough people doing this, eventually all bitcoin will be tainted. At that point will exchanges start to refuse 100% of all bitcoin being deposited? I think its more likely chainalysis goes bankrupt.