BitcoinCash CashFusion

[hugeblack]

This is the first time I have heard of this term, and for those who do not know it, I will quote the following:

CashFusion operates as a fully decentralized privacy protocol, allowing users to create multi-party transactions with other network participants. This process obscures real spending and complicates the tracking of coins by chain-analysis companies. It is intended for confidential business purchases, personal privacy, and increasing overall coin fungibility.

Source ---> https://github.com/Electron-Cash/Electron-Cash/tree/master/electroncash_plugins/fusion


Apparently it offers decentralized mixing for CoinJoin. Unlike Bitcoin's CoinJoin protocols, which require equal amounts to mix It is true that the level of privacy is still far from the levels of Monero, so what do you think of it? Any additional details would be useful.

[bitmover]

This is the first time I have heard of this term, and for those who do not know it, I will quote the following:

CashFusion operates as a fully decentralized privacy protocol, allowing users to create multi-party transactions with other network participants. This process obscures real spending and complicates the tracking of coins by chain-analysis companies. It is intended for confidential business purchases, personal privacy, and increasing overall coin fungibility.

Source ---> https://github.com/Electron-Cash/Electron-Cash/tree/master/electroncash_plugins/fusion


Apparently it offers decentralized mixing for CoinJoin. Unlike Bitcoin's CoinJoin protocols, which require equal amounts to mix It is true that the level of privacy is still far from the levels of Monero, so what do you think of it? Any additional details would be useful.

Looks interesting.
But why couldn't this be applied to bitcoin.??


From the link you post, they say they make a lot of transactions,  which is possible due to low fee in bch

The protocol takes advantage of Bitcoin Cash's low transaction fees, enabling continuous mixing and remixing of a user's entire wallet balance at minimal costs. This practice results in an impenetrable anonymity set, providing users with heightened privacy and peace of mind. https://bchfaq.com/knowledge-base/what-is-cashfusion/

[Stompix]

Apparently it offers decentralized mixing for CoinJoin. Unlike Bitcoin's CoinJoin protocols, which require equal amounts to mix

It's all coinjoin, even the guys developing it said it, with just a different implementation, it hops through multiple steps in order to obfuscate the destination unlike a single traditional mash-up and spread, theoretically, it would be harder to track, in practice, well you need usage and you need low fees as 30sat/vb would kill everyone's funds pretty fast, think of every LN hop charging you a normal on chain tx 

Looks interesting.
But why couldn't this be applied to bitcoin.??

Economics, the funds don't go through a single conjoin, so depending on usage and available users probably it will be at least 2 times to three times larger in size, it might not be much for guys trying to clean 100 BTC but if there are no other users willing to pay that much and you're the only one doing it defeats the whole thing.
Even traditional mixing has become expensive for small sums, this will just add pressure on the mempool!

[NotATether]

So Bitcoin Cash really does have a use after all 

The best part is that I think that you might even be able to use legacy addresses from the bcash network for the bridging of funds from the BTC network, and those two addresses look entirely similar so there would be no way to determine that a bridge had occurred short of raiding the bridge itself. If it is centralized that is.

[bitmover]

So Bitcoin Cash really does have a use after all 

The best part is that I think that you might even be able to use legacy addresses from the bcash network for the bridging of funds from the BTC network, and those two addresses look entirely similar so there would be no way to determine that a bridge had occurred short of raiding the bridge itself. If it is centralized that is.

The problem is that there is no good reason to use bch

It Loses value in mid and long term. No community support. Lack of development  (devs would certainly be working in bitcoin).

Old technology  , just with a different parameter (larger blocks) ..

It is cheap to transact because nobody uses it, and the value of the coin is too low compared to btc

[yhiaali3]

The problem is that there is no good reason to use bch

It Loses value in mid and long term. No community support. Lack of development  (devs would certainly be working in bitcoin).

What you say is correct. if the reason for use is only to maintain privacy, then it is certain that no one wants to replace the real, high-value Bitcoin with BCH, which is not loved by the Bitcoin community and which loses its value in the long run.

But if the reason is complete secrecy or money laundering, then it is certain that people will not mind using BCH to achieve the greatest degree of privacy and the inability to be tracked by chain analysis companies, since it is, as mentioned:

It is intended for confidential business purchases, personal privacy, and increasing overall coin fungibility.

[ABCbits]

Unlike Bitcoin's CoinJoin protocols, which require equal amounts to mix

As reminder, Bitcoin protocol doesn't have CoinJoin protocol. And there are several protocol (such as WabiSabi) which support Bitcoin that allows different amounts.

It is true that the level of privacy is still far from the levels of Monero, so what do you think of it?

It's true. After all, it still use regular address and show amount received. Meanwhile Monero use stealth address and hide amount received.

[bitmover]

It is true that the level of privacy is still far from the levels of Monero, so what do you think of it?

It's true. After all, it still use regular address and show amount received. Meanwhile Monero use stealth address and hide amount received.

I understand the privacy that a non transparent blockchain has.
But I am so used to open blockchains like bitcoin, that I feel so strange to use monero. Check received payments, share transactions , etc...

[TomPluz]

The problem is that there is no good reason to use bch

It Loses value in mid and long term. No community support. Lack of development  (devs would certainly be working in bitcoin).

What you say is correct. if the reason for use is only to maintain privacy, then it is certain that no one wants to replace the real, high-value Bitcoin with BCH, which is not loved by the Bitcoin community and which loses its value in the long run.

But if the reason is complete secrecy or money laundering, then it is certain that people will not mind using BCH to achieve the greatest degree of privacy and the inability to be tracked by chain analysis companies, since it is, as mentioned:

It is intended for confidential business purchases, personal privacy, and increasing overall coin fungibility.

I am not a fan of BitcoinCash and I do not have any intention of using it for anything and I don't see a good future for this platform as this is just a copy-cat of the original one plus I don't see any excitement for it right now. People who are very much concerned with their privacy and confidentially then BCH can certainly work for them without going to Monero which is very much identified by government regulators to be a questionable cryptocurrency platform due to strong privacy protocols. BCH can then function as an alternative to Monero and Bitcoin which I am sure there can be a miniature market to serve with.

[dkbit98]

Apparently it offers decentralized mixing for CoinJoin. Unlike Bitcoin's CoinJoin protocols, which require equal amounts to mix It is true that the level of privacy is still far from the levels of Monero, so what do you think of it? Any additional details would be useful.

This CashFusion exists for years with Electrum cash wallet and it works similar like Wasabi wallet but without coordinators.
I think few more wallets are now supporting CashFusion, maybe even Stack or Cake wallet if I remember correctly.

But why couldn't this be applied to bitcoin.??

Same technology would be possible on Bitcoin but fees would be very high and it would not be realistic on BTC mainchain.

So Bitcoin Cash really does have a use after all 

I know this is not popular to hear, but just imagine that this could be Bitcoin if block size was increased
Question is how many people are actually using cashfusion wit BCH.

The problem is that there is no good reason to use bch

Much lower fees and privacy are very good reasons.

 

[bitmover]

The problem is that there is no good reason to use bch

Much lower fees and privacy are very good reasons.

I don't think you have privacy gains by using bch. Though can achieve similar privacy using btc, even with low cost services like exch.cx or mixtum.

However,  even if bch had a better privacy.  Would you keep a considerable share of your wealth in an asset which loses value day by day?

When forked it was 1:1 btc. Then, it rapidly became 0.1.
It is worth now 0.02 btc. It will probably go to zero someday...

This is way I see no reason to use it. Just for a quick swap. But there are better coins for that imo.

[dkbit98]

I don't think you have privacy gains by using bch. Though can achieve similar privacy using btc, even with low cost services like exch.cx or mixtum.

You are wrong.
There is privacy when cash fushion is used with bch and there is nothing centralized.

However,  even if bch had a better privacy.  Would you keep a considerable share of your wealth in an asset which loses value day by day?

I thought we are talking about privacy and not speculative prices...
I am not supporting bch in any way, but bch is up 106% in 1 year, and bitcoin is up 103.6% in 1 year.

It is worth now 0.02 btc. It will probably go to zero someday...

So can other altcons and bitcoin.