If you still believe there’s such a thing as “dirty bitcoins,” let me introduce you to something that challenges that idea:
The UTXO dealership is a game-changing privacy tool for #Bitcoin. It enables miners to sell their freshly mined UTXOs at a premium while giving Bitcoin users an easy way to improve their privacy by purchasing UTXOs with no prior history. This is made possible through coinswaps—an innovation by Bitcoin pioneer Gregory Maxwell—that obscure the link between the original and new UTXO, making it impossible for chain analysts to track. Beyond enhancing privacy, this tool can also increase miners’ earnings by allowing them to sell their UTXOs at higher prices, which contributes to Bitcoin’s overall security.
Additionally, it may shift the balance in favor of non-KYC mining pools. Since KYC pools are unlikely to adopt this software, miners seeking higher profits might prefer non-KYC pools that have no issue using this tool. This could result in greater adoption of non-KYC mining practices, benefiting both privacy and miner profitability.
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npub1hw…uq9fe
2024-12-01 17:30:31
Author Public Key
npub1hw8f522kc2t5ha6d7l67ce47pdmdgd7997lxrhtvlmvn8nhtgfdsluq9fePublished at
2024-12-01 17:30:31Event JSON
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"pubkey": "bb8e9a2956c2974bf74df7f5ec66be0b76d437c52fbe61dd6cfed933ceeb425b",
"created_at": 1733074231,
"kind": 1,
"tags": [
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"content": "If you still believe there’s such a thing as “dirty bitcoins,” let me introduce you to something that challenges that idea:\n\nThe UTXO dealership is a game-changing privacy tool for #Bitcoin. It enables miners to sell their freshly mined UTXOs at a premium while giving Bitcoin users an easy way to improve their privacy by purchasing UTXOs with no prior history. This is made possible through coinswaps—an innovation by Bitcoin pioneer Gregory Maxwell—that obscure the link between the original and new UTXO, making it impossible for chain analysts to track. Beyond enhancing privacy, this tool can also increase miners’ earnings by allowing them to sell their UTXOs at higher prices, which contributes to Bitcoin’s overall security.\n\nAdditionally, it may shift the balance in favor of non-KYC mining pools. Since KYC pools are unlikely to adopt this software, miners seeking higher profits might prefer non-KYC pools that have no issue using this tool. This could result in greater adoption of non-KYC mining practices, benefiting both privacy and miner profitability.\n",
"sig": "b6a33a241c31aaca8566d70fd27c69920e2889e13e5a70cf8bbd1b1a40cbd843bf2188498ab3f75b4dba882bf12e6d464aa56145b8e2b0fdbbbddf8ff6717123"
}