diff --git a/joinmarket/joinmarket_private_flow.md b/joinmarket/joinmarket_private_flow.md index 135c4c3..91bd481 100644 --- a/joinmarket/joinmarket_private_flow.md +++ b/joinmarket/joinmarket_private_flow.md @@ -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 * ## Questions and discussions +* Telegram: * IRC through Matrix: -* Telegram: