For anyone looking at the blockchain her transaction appears completely normal with her coins seemingly going from address A to address B. But in reality her coins end up in address Z which is entirely unconnected to either A or B. Now imagine another user, Carol, who isn’t too bothered by privacy and sends her bitcoin using a regular wallet which exists today. But because Carol’s transaction looks exactly the same as Alice’s, anybody analyzing the blockchain must now deal with the possibility that Carol’s transaction actually sent her coins to a totally unconnected address. In a world where advertisers, social media and other institutions want to collect all of Alice’s and Carol’s data, such privacy improvement would be incredibly valuable. So Carol’s privacy is improved even though she didn’t change her behavior, and perhaps had never even heard of this software. My aim is that the Teleport project will develop into a practical and secure project on the bitcoin mainnet, usable either standalone as a kind of bitcoin mixing app, or as a library that existing wallets will implement allowing their users with the touch of a button to send bitcoin coinswap transactions with much greater privacy than as possible before.
If even a small percentage of transactions were actually created by this software, anybody doing analysis on the blockchain would always have a niggle in the back of their mind: “what if this transaction I’m looking at was actually a CoinSwap? How would I know? What if these coins have actually disappeared into the mist?”. Right now it just uses 2of2 multisig for the coinswap addresses. However the next really big task on my todo list is to use ECDSA-2p which would make these multisig addresses look like regular single-sig addresses, which are overwhelmingly common out there and so provide an enormous anonymity set. The main restrictions on who is eligible for Ignition Casino bonus codes depend on which players are permitted to play on the site. So far it is only really usable by developers and power-users to play around with. There are 9 states where you cannot play at Ignition Poker or Ignition Casino: Delaware, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New York and Washington.
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