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by Aerialoo 2119 days ago
The vigilantes? They are literally trying to destroy privacy and fungibility on the network. Thank god for CoinJoins.
5 comments

vigilantes are people that go out and impose their version of justice on the world. Just because your vision of justice includes privacy & fungibility doesn't mean everyone's does.
Vigilantes spawn in place of formal enforcement of justice. Given that Bitcoin is designed with that void in mind it was inevitable.
Or where they feel like their vision of justice is not being enforced.
If that's even possible that is the network's fault.
Depends on the goals and tradeoffs of the network
Agreed. I'm not a fan of chainalysis.

Monero ftw.

I think there's room to be both a fan of Chainalysis _and_ privacy coins. The former will hopefully expedite the general adoption of the latter.
Exactly, people freak out when companies look at public data on an open, permissionless network. What did you expect?
CoinJoin isn't a serious solution. If you want privacy, you need Monero.
Privacy is a continuum. CoinJoin offers a trade-off between privacy and convenience. It is good enough for some cases.
Is having your coins flagged by an exchange for using privacy features convenient?
CoinJoins exist exactly to fix the problem of fungibility.
> destroy privacy and fungibility on the network

Do people expect privacy from the bitcoin network?

The 'Noobs' and low hanging fruit do. Fortunately the internet can be used to educate, guide and inform.
I can assure you that's not true, a lot of good developers like Chris Belcher are actively working towards it and even receive grants. New BIPs also propose privacy improvements. Anyone can care about privacy. It's a pseudo-anonymous network, but it can be used anonymously.