-
Notifications
You must be signed in to change notification settings - Fork 0
Home
The idea behind JoinMarket is that holders of bitcoin will allow their coins to be mixed with in return for a fee. The mixing will happen in coinjoin transactions. They form a kind of smart contract which means your private keys will never leave your computer so there is no risk of loss (barring malware or bug*)
Put simply, JoinMarket allows you to improve the privacy of your bitcoin transactions for low fees in a decentralized fashion Because of the fee paid, owners of bitcoin will be able to earn an income using JoinMarket.
As the risk is very low, the reward will also be low because of competition between fee-earners. It means that you will be eventually able to do a coinjoin very cheaply. We already see that holders of bitcoin are willing to earn very small amounts per day by lending on the bitfinex exchange, and that contains a substantial risk that bitfinex will go disappear.
- Download the project and look in README.txt for installation instructions
- Managing the JoinMarket internal wallet
- Send payments with CoinJoin
- Running a yield generator bot to create an income from held bitcoins
- Using Bitcoin Core for extra speed and privacy. Highly Recommended!
- Running the tumbler script, which does repeated coinjoins in an effort to improve privacy