Bitcoin Q&A: Mixing services
How do mixing services work? What are CoinJoin transactions? How much could they improve privacy or anonymity in Bitcoin?
CORRECTION: At the start of the video, I say that Gregory Maxwell invented CoinJoin. While Maxwell did 'coin' the term, the mechanism of CoinJoin was discussed early on by others: https://bitcointalk.org/index.php?top...
At 05:46, I mentioned 'Ricochet' as a coin mixing service. This is incorrect. Ricochet adds extra hops to your transaction (https://www.samouraiwallet.com/ricochet). I was thinking of Whirlpool, which is a ZeroLink implementation by Samourai Wallet (https://github.com/Samourai-Wallet/Wh....
Chapters
0:00 How do mixing services work? Do they put dozens of inputs and outputs into each transaction in order to mix the funds, while incurring minimal transaction fees?
1:29 Are there any mixing services that can really make funds anonymous, given the growth of analytical tools?
4:07 Is it cheaper and more effective to anonymize funds by exchanging them into Monero and back?
5:24 Can CoinJoin and Tor be used together to offer a better level of privacy on the Bitcoin network? Which wallet currently offers these services? Does CoinJoin require you to trust a third party?
These questions are from the MOOC 9.4 session which took place on March 9th, 2018. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles.
If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: / aantonop
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop / aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon...
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money...
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitc...
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