New bitcoin wallet developers, Samourai Wallet, which is currently in closed alpha development, is putting up a strong front as being the bitcoin wallet for people who value their privacy. Samourai claims that it will keep transactions private, identities hidden and funds secure. Developers of the software have stated that they are simply providing a wallet and have no ability or intention to view or take control of users funds.
As part of its advertising campaign, the Samourai Wallet twitter account recently announced that the team would‘rather sit in a jail, cell than comply with KYC/AML requirements for bitcoin’– a statement which has garnered both support and derision depending on whether the people reading it decide to praise the company stance on privacy or point out that KYC/AML regulations only apply to exchanges that deal with fiat currency (and Samourai doesn’t yet deal with fiat currency). However, since this was pointed out, Samourai has claimed that it envisions that the regulation will expand to encompass bitcoin wallet providers in the future.
Along the same lines of protecting privacy and enhancing its ‘rebel’ image, Samourai has pointed out its warrant canary feature, which is designed to be a notice of the company being forced to do something under duress.
All in all, Samourai Wallet is putting on a tough face; however, as the software is currently closed source, there is a general hesitancy in trusting it. Samourai wallet developers have stated that the next alpha will be live in a few days and will implement reusable BIP47 payment codes, which can be used to open a donation channel to them; nevertheless, the software will not be open source until March.