In Europe, under AMLD5, if one has to use whatever exchange to go in and out of fiat then expect to be asked for the infamous source of funds.
If we are talking peanuts there shouldn't be many problems but for large sums expect to be scrutinized like hell.
I believe all our privacy tools are good only into the bitcoin world: if we do real p2p btc txs or if we use the LN, for instance. The moment we link that to the fiat world, unfortunately, all those checks are inevitable.
Exchanges do real-time monitoring nowadays and every tx is flagged: they mixed analytics services and chain analysis tools to understand where your btc have originated in the past. If there's no link between your documentation and their analysis, game over.
tl;dr Privacy tools are fantastic, but don't expect them to be useful when you want to cash out from exchanges.
Topic: Wasabi Wallet 1.0 Is Released - page 3. (Read 3914 times)
--snip--
It's already often the case without relevant legislation if there aren't enough hops between a deposit or a withdrawal. They can also just ask everyone for source of funds.
It's already often the case without relevant legislation if there aren't enough hops between a deposit or a withdrawal. They can also just ask everyone for source of funds.
Yeah, i've read similar horror stories aswell. Lucky for me i haven't exchanged crypto<->fiat or fiat<->crypto in a long time. I've also heared horror stories about bitpay aswell, so i now try to stay away from them.
To be honest, most of my funds were exchanged legally in 2014-2016, from online work i did or from sig campaign earnings... I would have a hard time proving the source of my funds (it has moved wallets soooo many times, forks were claimed, p2pkh => nested segwit => segwit, mixed, coinjoined,...) , so i really dread the day they take my own money hostage.
But the interesting part is they mentioned "Dutch FIOD has started promising technical research into behavior and demixing of Wasabi transactions", it's interesting how they achieve that (assuming it's true), would they look for another user behavior, vulnerabilities in Tor or even vulnerability of the blind signature itself?
My guess is that a lot of users aren't careful with their post-mixing behaviour (many mistakes can be committed here, often unwittingly).
That being said, i do fear that the attention of law enforcement towards coinjoined transactions might end up in some kind of law that forces exchanges or payment providers to either block these funds or make us go trough even more hoops in order to spend our funds.
It's already often the case without relevant legislation if there aren't enough hops between a deposit or a withdrawal. They can also just ask everyone for source of funds.
Europol Euopean Cybercrime Center released report about Wasabi wallet.
Interesting read for sure, but things are not looking good for Wasabi, as they say 30% of deposits are coming from dark web market.
Hint: reading this article you will also found out how to better use Wasabi wallet
Original document:
https://www.tbstat.com/wp/uploads/2020/06/Europol-Wasabi-Wallet-Report.pdf
Archive:
https://web.archive.org/web/20200606093436/https://www.tbstat.com/wp/uploads/2020/06/Europol-Wasabi-Wallet-Report.pdf
Interesting read for sure, but things are not looking good for Wasabi, as they say 30% of deposits are coming from dark web market.
Hint: reading this article you will also found out how to better use Wasabi wallet
Original document:
https://www.tbstat.com/wp/uploads/2020/06/Europol-Wasabi-Wallet-Report.pdf
Archive:
https://web.archive.org/web/20200606093436/https://www.tbstat.com/wp/uploads/2020/06/Europol-Wasabi-Wallet-Report.pdf
I've been a wasabi user for a long time, and this report actually makes me even more inclined to use my wasabi wallet even more frequently...
They basically say it doesn't look good for law enforcement, so if they don't know how to handle these transactions, i feel rather confident my funds are properly anonimised.
That being said, i do fear that the attention of law enforcement towards coinjoined transactions might end up in some kind of law that forces exchanges or payment providers to either block these funds or make us go trough even more hoops in order to spend our funds.
Europol Euopean Cybercrime Center released report about Wasabi wallet.
Interesting read for sure, but things are not looking good for Wasabi, as they say 30% of deposits are coming from dark web market.
Hint: reading this article you will also found out how to better use Wasabi wallet
Original document:
https://www.tbstat.com/wp/uploads/2020/06/Europol-Wasabi-Wallet-Report.pdf
Archive:
https://web.archive.org/web/20200606093436/https://www.tbstat.com/wp/uploads/2020/06/Europol-Wasabi-Wallet-Report.pdf
Interesting read for sure, but things are not looking good for Wasabi, as they say 30% of deposits are coming from dark web market.
Hint: reading this article you will also found out how to better use Wasabi wallet
Original document:
https://www.tbstat.com/wp/uploads/2020/06/Europol-Wasabi-Wallet-Report.pdf
Archive:
https://web.archive.org/web/20200606093436/https://www.tbstat.com/wp/uploads/2020/06/Europol-Wasabi-Wallet-Report.pdf
How do these phishing sites go through Google's security checks? Or doesn't Google have security checks?
I believe anything that is indicated as an "Ad" in Google should never be trusted.
https://twitter.com/wasabiwallet/status/1263042327016284161
ALERT! A google ad exists for a fake Wasabi Wallet site. It looks exactly like our website, but redirects you to a fake.
DO NOT CLICK ON THIS PAGE!
Wasabi never asks for your mnemonics, password or wallet file. If you're asked for any of these then you're about to get robbed!
I believe anything that is indicated as an "Ad" in Google should never be trusted.
https://twitter.com/wasabiwallet/status/1263042327016284161
Quote
ALERT! A google ad exists for a fake Wasabi Wallet site. It looks exactly like our website, but redirects you to a fake.
DO NOT CLICK ON THIS PAGE!
Wasabi never asks for your mnemonics, password or wallet file. If you're asked for any of these then you're about to get robbed!
The problem is related with Tor network, usually because you got bad circuit. There are 3 things you could do :
1. Make sure your computer clock time is configured correctly. Tor won't work if your computer clock time is configured incorrectly.
You are the man.1. Make sure your computer clock time is configured correctly. Tor won't work if your computer clock time is configured incorrectly.
True, look like my clock isn't corrected. after fixed it, I got connection and registered coin join at the moment.
my tBtc was mixed. I tried to sending tBtc.
--snip--
Glad to see the problem solved
But if you were to use BTC (not tBTC/testnet bitcoin) and actually care about privacy, don't share your address/tx id unless it's necessary.
The problem is related with Tor network, usually because you got bad circuit. There are 3 things you could do :
1. Make sure your computer clock time is configured correctly. Tor won't work if your computer clock time is configured incorrectly.
You are the man.1. Make sure your computer clock time is configured correctly. Tor won't work if your computer clock time is configured incorrectly.
True, look like my clock isn't corrected. after fixed it, I got connection and registered coin join at the moment.
my tBtc was mixed. I tried to sending tBtc.
and got payment was sent
tx id: https://tbtc.bitaps.com/23b9db5957043932f8ca6ec0696fac924e9c0b03138b94cd653cbc4a93dfa2c4
2nd tx id: https://tbtc.bitaps.com/6e7aef03ce2c423d70aa77a9572d3e5b5e6c5257d43c1bd44ea234de646a4b06/tb1q5l30kyaft2rg9jmdhu86yffqlsw0cq3g0x0nnk
The problem is related with Tor network, usually because you got bad circuit. There are 3 things you could do :
1. Make sure your computer clock time is configured correctly. Tor won't work if your computer clock time is configured incorrectly.
2. Close and reopen Wasabi Wallet or restart your computer.
3. Use another ISP provider.
1. Make sure your computer clock time is configured correctly. Tor won't work if your computer clock time is configured incorrectly.
2. Close and reopen Wasabi Wallet or restart your computer.
3. Use another ISP provider.
Try to check Logs.txt in Wasabi directory (should be located on /path/to/your/user/.wasabiwallet) and see if there's anything useful.
Have you checked if there are any anti-virus/firewall which block your connection?
I don't use any anti virus. I see two log file TorLogs.tx and logs.txt, I am not sure which one. Also not connected into bitcoin node (off), don't have space to downloading block.Have you checked if there are any anti-virus/firewall which block your connection?
Torlogs.txt
Code:
Apr 11 23:54:10.000 [notice] Bootstrapped 90% (ap_handshake_done): Handshake finished with a relay to build circuits
Apr 11 23:54:10.000 [notice] Bootstrapped 95% (circuit_create): Establishing a Tor circuit
Apr 11 23:54:11.000 [notice] Bootstrapped 100% (done): Done
Apr 11 23:55:57.000 [notice] Tried for 120 seconds to get a connection to [scrubbed]:80. Giving up. (waiting for rendezvous desc)
Apr 11 23:58:24.000 [notice] Tried for 120 seconds to get a connection to [scrubbed]:80. Giving up. (waiting for rendezvous desc)
Apr 11 23:54:10.000 [notice] Bootstrapped 95% (circuit_create): Establishing a Tor circuit
Apr 11 23:54:11.000 [notice] Bootstrapped 100% (done): Done
Apr 11 23:55:57.000 [notice] Tried for 120 seconds to get a connection to [scrubbed]:80. Giving up. (waiting for rendezvous desc)
Apr 11 23:58:24.000 [notice] Tried for 120 seconds to get a connection to [scrubbed]:80. Giving up. (waiting for rendezvous desc)
Logs.txt
Code:
2020-04-12 03:21:58 ERROR WasabiSynchronizer (306) WalletWasabi.Exceptions.TorSocks5FailureResponseException: Tor SOCKS5 proxy responded with TtlExpired.
I see many time Error like that's on logs.
I am a beginner/First time using Wasabi Wallet, I am not sure what wrong here. Last 1-2 Hours, still connecting..
Can i use coin join using tBtc?, I see 0 Btc required. When I am ready to use it?.
Can i use coin join using tBtc?, I see 0 Btc required. When I am ready to use it?.
There was only a brief period when the software started operating, maybe a month in 2018 when it was 0.01.
Just a quick question to the OP (or anybody else that knows the answer for that matter).
Why does my gut feeling tells me the minimum amount to participate in coinjoins only seems to go up?
Why does my gut feeling tells me the minimum amount to participate in coinjoins only seems to go up?
Sorry to ping this back but I didn't see a response and after catching up after all this while, I'm surprised to see the min has gone up because I can confirm from my memory, the last min I recall was 0.01+
I consider myself a member of the broad public -- with decent technical knowledge of average bitcoin use but not adequate to confidently risk money on testing CJ -- and even 0.01 was a significant barrier.
There's the P2EP line of research: https://medium.com/@nopara73/pay-to-endpoint-56eb05d3cac6
IMO we need to not disrupt UX for that, which ultimately comes down to waiting for Taproot: https://gist.github.com/NicholasTailor/b075ac92c22923c33eddfa38488719d6
Nevertheless we're also implementing it to Wasabi to be compatible with BTCPay, but I doubt its current state would see significant usage, if any at all: https://github.com/zkSNACKs/WalletWasabi/pull/3256
IMO we need to not disrupt UX for that, which ultimately comes down to waiting for Taproot: https://gist.github.com/NicholasTailor/b075ac92c22923c33eddfa38488719d6
Nevertheless we're also implementing it to Wasabi to be compatible with BTCPay, but I doubt its current state would see significant usage, if any at all: https://github.com/zkSNACKs/WalletWasabi/pull/3256
> OK, but will that improvement hide the fact, or the "actuality" that the user has CoinJoined his/her coins in Wasabi?
No, it won't.
No, it won't.
Is there some research, and development being done to achieve "hidden" CoinJoins? That, would be the crowning glory achievement for fungibility in Bitcoin in my opinion.
> OK, but will that improvement hide the fact, or the "actuality" that the user has CoinJoined his/her coins in Wasabi?
No, it won't.
No, it won't.
Who is @mHaGqnOACyFm0h5, also called "nothingmuch" in Twitter? Is he a known Bitcoin developer?
Plus, can anyone ELI5 the quote in bold for the stupid like me.
https://twitter.com/nopara73/status/1243829599575986176
I think it is time to hint that a massive contribution to Bitcoin privacy is upcoming thanks to @mHaGqnOACyFm0h5.
Hope we won't find any blockers.
It looks like Chaumian CoinJoins can be generalized in a way that instead of blinding outputs, random credentials get blinded. This could lead to spending exact amounts in coinjoins, maybe removing the minimum denomination and maybe not creating any change in the mix at all.
Plus, can anyone ELI5 the quote in bold for the stupid like me.
https://twitter.com/nopara73/status/1243829599575986176
Quote
I think it is time to hint that a massive contribution to Bitcoin privacy is upcoming thanks to @mHaGqnOACyFm0h5.
Hope we won't find any blockers.
It looks like Chaumian CoinJoins can be generalized in a way that instead of blinding outputs, random credentials get blinded. This could lead to spending exact amounts in coinjoins, maybe removing the minimum denomination and maybe not creating any change in the mix at all.
mmm, ELI5ing that is not too easy ...
but you could maybe try to read this documentation on Github and then maybe come back here to ask some more specific questions?
https://github.com/nopara73/ZeroLink/#ii-chaumian-coinjoin
OK, but will that improvement hide the fact, or the "actuality" that the user has CoinJoined his/her coins in Wasabi?
Who is @mHaGqnOACyFm0h5, also called "nothingmuch" in Twitter? Is he a known Bitcoin developer?
Plus, can anyone ELI5 the quote in bold for the stupid like me.
https://twitter.com/nopara73/status/1243829599575986176
I think it is time to hint that a massive contribution to Bitcoin privacy is upcoming thanks to @mHaGqnOACyFm0h5.
Hope we won't find any blockers.
It looks like Chaumian CoinJoins can be generalized in a way that instead of blinding outputs, random credentials get blinded. This could lead to spending exact amounts in coinjoins, maybe removing the minimum denomination and maybe not creating any change in the mix at all.
Plus, can anyone ELI5 the quote in bold for the stupid like me.
https://twitter.com/nopara73/status/1243829599575986176
Quote
I think it is time to hint that a massive contribution to Bitcoin privacy is upcoming thanks to @mHaGqnOACyFm0h5.
Hope we won't find any blockers.
It looks like Chaumian CoinJoins can be generalized in a way that instead of blinding outputs, random credentials get blinded. This could lead to spending exact amounts in coinjoins, maybe removing the minimum denomination and maybe not creating any change in the mix at all.
mmm, ELI5ing that is not too easy ...
but you could maybe try to read this documentation on Github and then maybe come back here to ask some more specific questions?
https://github.com/nopara73/ZeroLink/#ii-chaumian-coinjoin
Who is @mHaGqnOACyFm0h5, also called "nothingmuch" in Twitter? Is he a known Bitcoin developer?
Plus, can anyone ELI5 the quote in bold for the stupid like me.
https://twitter.com/nopara73/status/1243829599575986176
I think it is time to hint that a massive contribution to Bitcoin privacy is upcoming thanks to @mHaGqnOACyFm0h5.
Hope we won't find any blockers.
It looks like Chaumian CoinJoins can be generalized in a way that instead of blinding outputs, random credentials get blinded. This could lead to spending exact amounts in coinjoins, maybe removing the minimum denomination and maybe not creating any change in the mix at all.
Plus, can anyone ELI5 the quote in bold for the stupid like me.
https://twitter.com/nopara73/status/1243829599575986176
Quote
I think it is time to hint that a massive contribution to Bitcoin privacy is upcoming thanks to @mHaGqnOACyFm0h5.
Hope we won't find any blockers.
It looks like Chaumian CoinJoins can be generalized in a way that instead of blinding outputs, random credentials get blinded. This could lead to spending exact amounts in coinjoins, maybe removing the minimum denomination and maybe not creating any change in the mix at all.
here is some really cool wasabi stuff i just found on the official twitter account: https://twitter.com/WasabiWallet
1. the ultimate cyperpunky setup feat. Bisq, raspibolt and wasabi by Stadicus
2. really cool wasabi tshirt designs by andhans
1. the ultimate cyperpunky setup feat. Bisq, raspibolt and wasabi by Stadicus
2. really cool wasabi tshirt designs by andhans
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