BitLaundry - Reading Assignment

[rvn]

@Grant_Hawkins

• Alice uses BitLaundry to send funds to Bob. What information is hidden for Alice: sender, receiver or amount? How about for Bob?

Alice- Actual receiver (Bob) is hidden
Bob- Actual sender (Alice) is hidden

@Grant_Hawkins

• Explain a situation where Alice’s and Bob’s privacy could be compromised?

When Alice sends an unusual amount of money and bob receives about the same amount

@Grant_Hawkins

• What is BitLaundry’s incentive to be honest?

Keep the volume and commissions going.

@Grant_Hawkins

• What is BitLaundry’s incentive to be dishonest?

When a small pool of customers send and receive a large amount of money it has an incentive to blackmail them and increase the commision.
Or if Bitlaundry decides to call it a day it could gobble up funds on the last day.

[Esra]

1-For Alice, is the receiver because doesn’t want anyone to know that she sends money to Bob, and Bob he doesn’t know the sender “Alice”; Alice doesn’t need to know Bob’s public key and Bob doesnt need to know Alic’s private key.

2- if the database logs and record has been leaked or if there is no lots of in and out transactions.

3- they get 0.5% which is really good cut

4- if a large transaction happened they can just lock the money and shut down