A premium transaction that improves fungibility and frustrates Blockchain spies
Thousands of legitimate transactions are flagged as suspicious every day
Bitcoin Banks and Exchanges freeze funds and suspend users based on blacklists published by Blockchain spies.
Blockchain spies look at the history of your coins around 5 hops deep. Your coins can be frozen for their past activity. Even if they weren't in your control.
Ricochet adds 4 additional hops to a transaction
By adding additional hops before the coins reach their final destination, the blockchain spies would need to look 10 hops backwards, increasing their costs and overheads.
Not a silver bullet but a handy weapon
Ricochet doesn't solve the problem of blacklists but it does present a way to attack the way spies build black lists.
Hop 0 - The setup
The wallet collects the needed inputs and calculates the total miners fee for the entire ricochet. 0.001 BTC is sent to Samourai as a fee for the ricochet send. In this transaction we are sending
Hop 1-4
Each hop transaction contains one input and one output
Final Destination
The final transaction containing the correct amount. One input and one output.
