this post was submitted on 04 May 2024
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Does this work though if you recieve 'tainted' BTC from the exchange? (more and more likely with an exchange that deals in XMR)
I get that the 'new' BTC won't be associated with your metadata and history but whatever account you spend the 'new' BTC with can still be nuked.
Yes the XMR bridge is a privacy shield but..
Is this the end for BTC fungibility? - ie. has chainalysis tipped the scale past the point of no return?
What I mean is that I would not want to spend a transparent chain coin from my own wallet because any further activity from that wallet is linked to you.
I would rather convert it to Monero then convert it to another coin and spend it right from that conversion.