₿🛠️ Satoshi's 21 #002: JoinMarket
Details
This time we'll dive into JoinMarket, which is a CoinJoin implementation aimed at improving the privacy and fungibility of Bitcoin transactions. It works by creating a market that allocates the participants' coins in the best way.
As market makers can earn CoinJoin fees, it is possible for long-term holders to use JoinMarket as an investment vehicle to generate an income from their held bitcoins.
Lecturers and notable participants this time include:
Adam Gibson aka waxwing, main contributor to the JoinMarket project.
Other less or more prominent bitcoiners may join in as well.
Topics covered will include:
- Prerequisite before installing
- First steps in running the software (config setup, wallet seeds and recovery choices)
- The wallet's design and how it can be used to aid your "opsec" choices (including coin control)
- Different variants of payment
- Running a tumbler or custom schedule of coinjoins
- Yield generator: configuration options, custom types
- How to test, how to set up and run it in regtest
- Architecture questions
- How to run joinmarketd on an isolated machine
- Technical underpinnings: secp256k1 bindings, python-bitcointx, and PSBT integration
- Big upgrade coming soon: Fidelity Bond Wallets
Material:
- README https://github.com/JoinMarket-Org/joinmarket-clientserver/
- Video-walkthrough of usage: https://youtu.be/hwmvZVQ4C4M
- Links to several installation guides for different platforms: https://github.com/JoinMarket-Org/joinmarket-clientserver/blob/master/README.md#more-installation-guides
Language: English
Food and Drinks: None
Streaming/Recording: Yes, to our channel. https://www.youtube.com/channel/UCMGhEkFhggISeyK3CuqNIeA/
Format: Hands-on / Socratic Seminar https://bitcoinmagazine.com/articles/op-ed-want-to-learn-about-bitcoin-try-a-local-socratic-seminar
Target Audience: Advanced Bitcoin knowledge is necessary. Power users with a strong interest in using Bitcoin more privately, and developers prospectively wanting to contribute to the project.
Location: Online, Jitsi Meet via Freifunk Munich (simply works with your browser or the app, easy to use, libre, open source, free as in beer, free as in speech, independently hosted, non-commercial, no data collection, no registration). More info: https://ffmuc.net/wiki/doku.php?id=knb:meet-en
Exact link to the conference, resp. the name of the room, will be posted in the comment section below one hour before we start. This will also trigger a reminder email. In the meantime, you can try out the video conferencing software to test your setup: https://meet.ffmuc.net/
—
This is our new in-depth, no-nonsense seminar series Satoshi's 21, which will take place every 21st of a month in various different locations (hackspace, co-working space, conference room, or similar), or online if circumstances so require.
We'll have one or more selected topics concerning Bitcoin's technology, security, ongoing development, economics, monetary theory, or its societal and political impact. Some preparation work might be required from participants in order to make the most out of the seminar.
Satoshi's 21 stands for:
- Every 21st of a month so that weekdays rotate
- 21 participants is the targeted and ideal working group size, but we could be more, we could be fewer
- And of course: honoring Bitcoin's monetary supply of 21 hundred trillion sats!
Logo Design Satoshi's 21 by https://twitter.com/BitkoYinowsky
Contact us on Twitter: https://twitter.com/bitcoinmuc
Or join our Telegram group: https://t.me/joinchat/CYllaksSLloRHorac85fIQ
₿🛠️ Satoshi's 21 #002: JoinMarket