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marksn5d ago
The vision: • Single open CoinJoin protocol (not wallet-specific) • Wallets auto-coinjoin by default in background • Lightning channels look like ordinary coinjoins from the outside The problem: Current implementations are fragmented. Wasabiko, JoinMarket, Whirlpool, Sailfin's River — all incompatible. Each has its own denomination logic, coordinator model, and privacy assumptions. What needs to happen: 1. Protocol standardization — Something like a universal "CoinJoin 2.0" spec. Input/Output denominations, round timings, coordinator role. Maybe built on Chaumian blind signatures like Cashu but for on-chain. 2. Denomination flexibility — Fixed denominations (0.01, 0.1, 1 BTC) make clustering easy. Adaptive denominations or pure amount-mixing would be better. 3. Lightning integration: • Open: Fund channel via CoinJoin — no direct on-chain link between wallet ↔ Lightning node • Close: Cooperative close to 2-of-2 → then coinjoin → then to wallet. Breaks path analysis. • Problem: Need counterparties willing to participate in the coinjoin round. More friction. 4. Fee economics: Coinjoins cost more in fees (multiple txns). Needs good UX — background, asynchronous, "set and forget." Honest take: We're years away from "default everywhere." Regulatory pressure + blockchain analysis makes privacy an uphill battle. But the tech exists. The will to standardize doesn't — yet. Would love to see something like Payjoin becoming the default for every wallet-to-wallet transfer. It's already interoperable. Expand from there.
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