All Bitcoin Cash in SideShift AI Now Processed Through CashShuffle
On the morning of 11 May 2019, SideShift AI confirmed all BCH received on their platform is shuffled, and no BCH sent goes unshuffled. “SideShift AI will use a simplified wallet setup to enable CashShuffle early,” a representative disclosed. “Deposits go to wallet A. Withdrawals sent from wallet B. All outputs from A are shuffled over to B. As a side effect, withdrawal change will end up in B,” noting the service will transition soon to a hierarchical deterministic wallet (shuffling from the same address to the same address isn’t really an improvement in privacy, they noted).
The coin swap service is an answer to the likes of ShapeShift embracing, however reluctantly, know-your-customer (KYC) regulations ahead of what they assumed was the inevitable. SideShift AI founder Andreas Brekken (also CEO of Shitcoin.com), believes heavily in helping along the cash-like properties of cryptocurrency, and so he created an alternative. His further embrace of a CoinJoin iteration, the anonymity tool CashShuffle, is one more step in that direction.
DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.
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