How To Make Privacy Convenient
summary
Bitcoin privacy becomes practical without protocol changes by using collaborative transactions: CoinJoin via Wasabi wallet aims to mix coins with a minimum entry around 5,000 sats, batch sizes of 150–600 inputs per round, and a one-time coordinator fee of 0.3% on the first mix while future rounds only pay normal block-space fees. The system is noncustodial, trustless, fast (rounds every ~30 minutes) and optimizes block-space so large mixed transactions make addresses and flows indistinguishable.
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chapters (7)
- 0:00The privacy challenge
- 1:21UTXO transparency risks
- 3:40Introducing coinjoin
- 5:53Mechanics of fungibility
- 7:51The social aspect of privacy
- 9:33Wasabi wallet demo
- 11:10Scaling private money
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