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Phoenix and Wasabi exit US market amid self-custody wallet crackdown (cointelegraph.com)
submitted 2 years ago by to c/bitcoin@lemmy.world
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"Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States."

  • Wasabi is the main competitor to Samourai's whirpool mixing service. The only one flying under the radar currently is Joinmarket.
  • Phoenix is the Lightning network wallet where users keep custody of their funds, but the channel management is outsourced to the company. The only remaining self custodial lightning wallet that remains is Breez.

While this news is deeply troubling, it might push further development to more sustainable trustless self-custodial solutions in the long term.

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[–] 1 point 2 years ago (1 child)

Or dash, ltc, dogec, etc.

Xmr is too much of a pain in the ass to use. Dash is so much easier and is seeing so much more development on the ux side of things. It's much easier to scramble funds on chain with dash than with most other coins.

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  • [–] 1 point 2 years ago* (2 children)

    Well, doge and ltc Our traceable, just like Bitcoin is... I know that at least ltc has Mimble Whimble.

    Edit: How do you figure Monero is a pain to use? It seems pretty intuitive.

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  • [–] 1 point 2 years ago

    Not Doge, dogec, which is built on dash, pivx, etc.

    I'm guessing you don't know how to properly mix funds if/when it's needed. If you really need to obscure source of funds, it's so fucking easy to do so with any coin but I'm not sure if I should be laying that out here in public. It would be the same as giving away the secrets for money laundering, identity theft, etc and that's probably not something I should be sharing with the average user.

    I haven't used Xmr in awhile because it was most definitely (as of the last time I used it) not as easy to use as the others.

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