JoinMarket Vs. ZeroLink And The Road To Decentralized Bitcoin Privacy Through...
While ZeroLink CoinJoin implementations are generally more popular, the JoinMarket project has potential to offer decentralized and truly private Bitcoin mixing.When they hear the word "CoinJoin," the first things that pop into many relatively-new Bitcoiners’ heads are probably the ZeroLink implementations Wasabi Wallet and Samourai Wallet. In the last few years, these two projects have taken Bitcoin privacy quasi-mainstream, making it much simpler and more accessible. If you are new to the space though, you might not be aware of the fact that the project JoinMarket has been providing....
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Today we’ll be taking a gander at JoinMarket and Confidential Transactions. I’ve known of these technologies for a while but have not used them nor do I plan to until the volume of utilization increases. As it stands, I don’t find a pressing need for obfuscating transaction history further than it already goes with BTC. I already generate new addresses each time I request payments. I can’t see why anyone other than a money launderer would desire a form of mixing service or transact. Now I know we can potentially bring pseudo-anonymity to perhaps full anonymity. Not to copy Jeff Goldblum,....
Adam Gibson, aka Waxwing, is the lead maintainer for one of Bitcoin’s most prolific CoinJoin projects. And he sees a bright future for transaction privacy.
Since its inception, Bitcoin as a payment medium has a cemented an impression of being anonymous and privacy-centric. So much so that the currency has been glorified by the masterminds behind the doomed Silk Road, and advocated by recognized influencers such as German politician Franz Schäffler, celebrity Ashton Kutcher, famed author & economist David Friedman, and finance guru Kevin O’Leary to name a few. Kutcher in particular said that, “I think the fact that you can buy drugs and ammo with [bitcoin] is actually a validator of the currency itself.” The downfall of Silk Road, however,....
Despite the success of Silk Road, the platform was not decentralized by any means. Ever since OpenBazaar launched, people have been drawing parallels to Silk Road. Both projects offer a marketplace system, where people can buy and sell anything and everything. No strict rules are enforced, and Bitcoin is the only accepted currency. But other than that, both platforms could not be more different from one another. Despite the success of Silk Road, the platform was not decentralized by any means. The vast majority of darknet marketplaces are hosted on servers that are theoretically....
The Silk Road revolution will not be centralized. Photo via lakpuratravels. Ars Technica recently published an interview with the Dread Pirate Roberts of "Silk Road 2.0", and one of the main points DPR 2.0 made at the end of the interview was that this underground marketplace is a small part of an overall revolution in decentralization. I recently wrote about the ideas of decentralized marketplaces and how they could affect eBay and Amazon, but these marketplaces also play a role when it comes to advancing the philosophy behind Silk Road. It's just a matter of time before this new version....