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update jm private flow

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2023-05-19 15:48:07 +01:00
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joinmarket/joinmarket_private_flow.md
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@@ -76,13 +76,16 @@ This document aims to provide an introduction to using JoinMarket, a decentraliz
## The flow of funds
* First need to state that [one single coinjoin doesn't improve privacy much](https://github.com/JoinMarket-Org/joinmarket-clientserver/issues/1047#issuecomment-944995635).
* Participating in more coinjoins is essential. Find below the two main ways to achieve this.
* Forward looking privacy (from a KYC exchange): where did the funds end up? - the possible number of destination grows if the peers keep coinjoining.
* Backwards looking privacy (against a merchant): where did the funds come from? - from anyone it was coinjoined with.
* Participating in more coinjoins is essential.
* Find below the two main ways to achieve this with JoinMarket.
## Running the Tumbler
* Using the Tumbler is a higher time preference option and usually is the best tool to use if the funds are needed in the near future - it can take multiple hours, up to days.
* Multiple coinjoins are sent through the accounts including sweeping transactions at the start and at the end.
* Breaks up the deposited amounts and sends to at least 3 final addresses without leaving change behind.
* For the best outcome avoid merging between the final addresses.
* For the best outcome avoid merging between the final addresses - use separate wallets.
* The initiator acts repeatedly as a Taker and [pays all the miner and coinjoin fees](https://github.com/JoinMarket-Org/joinmarket-clientserver/blob/master/docs/tumblerguide.md#a-note-on-fees);
* It is implemented in the JoinMarket-QT GUI and in the command line as the `tumbler.py`.
* For a detailed usage guide see:
@@ -95,7 +98,7 @@ This document aims to provide an introduction to using JoinMarket, a decentraliz
## Sending transactions manually and running the Yield Generator
### Deposit
* Send to a new address in m0 - could be any of the accounts, but suggesting using the first one for simplicity.
* Deposit to a new address in m0 - could be any of the accounts, but suggesting using the first one for simplicity.
* Deposit a single or multiple coins from a single funding source at a time.
* Select the newly deposited coin(s) with freeze/unfreeze if there are others in the account.
@@ -126,14 +129,14 @@ This document aims to provide an introduction to using JoinMarket, a decentraliz
... m0 -> m1 -> m2 -> m3 -> m4 -> m0 -> m1 -> m2 -> m3 -> m4 ...
```
* Only the `cj-out` propagates to the next account.
* The `change-out` stays behind in the same account where the funding utxo was.
* The `change-out` stays behind in the same account where the funding UTXO was.
### Leaving the JoinMarket wallet
#### When
* The more coinjoins the funds were through the better.
* Consider that the privacy benefit from coinjoins is breaking down with time as the peers are gradually exposed or clustered.
* If deposited only to m0 and followed the steps above all coins in m4 must have been through at least 5 coinjoins.
* In a long running, active Maker wallet some funds could have made multiple circles - there is no indication of this by default
* If deposited only to m0 and followed the steps above all coins in m4 must have been through at least 4 coinjoins.
* In a long running, active Maker wallet some funds could have done multiple cycles - there is no indication of this by default.
#### How
##### Do
@@ -152,5 +155,5 @@ This document aims to provide an introduction to using JoinMarket, a decentraliz
* <https://en.bitcoin.it/Privacy>
## Questions and discussions
* Telegram: <https://t.me/joinmarketorg>
* IRC through Matrix: <https://matrix.to/#/#joinmarket:libera.chat>
* Telegram: <https://t.me/joinmarket.org>