[2017-07-25]World’s Largest Bitcoin Tumbling Service Announces Sudden Shutdown

Kprawn

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Quote from: iram1011 on July 26, 2017, 07:42:18 AM

Quote from: btc_angela on July 26, 2017, 05:54:22 AM

Quote from: 1Referee on July 26, 2017, 04:30:45 AM

Quote from: iamTom123 on July 25, 2017, 09:24:49 PM

I am hoping that the decision to shutdown is all about business and there is no applied pressure coming from anywhere else.

If it really wasn't his own decision to close its doors, it means that they (government affiliated agencies) will chase down other mixers as well, and thus we'll likely see other mixing services follow the same route in the fortcoming months/years. At the end, this isn't 2012/2013 anymore, where everything was still more or less a joke in every aspect. With all sorts of crypto related regulations in place, and what is left to be implemented in the forthcoming years, things are becoming a whole lot more serious. Governments won't sit back endlessly looking at how Bitcoin is growing larger and larger. If you look at the large number of coins that went through Bitmixer last year (around 1M BTC), you'll see how much demand there is for an extra layer of privacy that mixing services provide.

I really think that closing his business has something to do with an outside pressure (government). As a businessman, you are making good profits then all of a sudden you are going to close your business? Yes, I agree that its no longer a joke and government are at our throats right now. And whatever steps mixing services are implementing that government will always find a way to control and put tighter regulation around it.

The Bitmixer founder has denied this accusation, saying “It was a really very hard decision. But we never had any government or legal pressure.”

But what I believe is that administrators shut down the service either because they sensed they were close to becoming a target of law enforcement or because mixing volumes went down significantly after the shutdown of AlphaBay and Hansa. He is just trying to be a good guy by claiming that he is shutting Bitmixer to make Bitcoin clean. Might be he is right but I doubt a move of shutting down a successful business.

BS, they were around when Silkroad were operating and when Silkroad was busted, he still continued with his service. There

are enough people around, who value their Bitcoin anonymity that used his service. The closing of this site will not have any

impact on criminal activities, because there are still many other methods to "clean" stolen or coins acquired through illegal

means. Roll Eyes

iram1011

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Quote from: btc_angela on July 26, 2017, 05:54:22 AM

Quote from: 1Referee on July 26, 2017, 04:30:45 AM

Quote from: iamTom123 on July 25, 2017, 09:24:49 PM

I am hoping that the decision to shutdown is all about business and there is no applied pressure coming from anywhere else.

If it really wasn't his own decision to close its doors, it means that they (government affiliated agencies) will chase down other mixers as well, and thus we'll likely see other mixing services follow the same route in the fortcoming months/years. At the end, this isn't 2012/2013 anymore, where everything was still more or less a joke in every aspect. With all sorts of crypto related regulations in place, and what is left to be implemented in the forthcoming years, things are becoming a whole lot more serious. Governments won't sit back endlessly looking at how Bitcoin is growing larger and larger. If you look at the large number of coins that went through Bitmixer last year (around 1M BTC), you'll see how much demand there is for an extra layer of privacy that mixing services provide.

I really think that closing his business has something to do with an outside pressure (government). As a businessman, you are making good profits then all of a sudden you are going to close your business? Yes, I agree that its no longer a joke and government are at our throats right now. And whatever steps mixing services are implementing that government will always find a way to control and put tighter regulation around it.

The Bitmixer founder has denied this accusation, saying “It was a really very hard decision. But we never had any government or legal pressure.”

But what I believe is that administrators shut down the service either because they sensed they were close to becoming a target of law enforcement or because mixing volumes went down significantly after the shutdown of AlphaBay and Hansa. He is just trying to be a good guy by claiming that he is shutting Bitmixer to make Bitcoin clean. Might be he is right but I doubt a move of shutting down a successful business.

Vishnu.Reang

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Quote from: Kemarit on July 25, 2017, 12:15:03 PM

I'm pretty sure that a lot of customers was caught off guard and totally shock as he himself admitted that they are earning good profit but the business has to be shutdown. But I think that there are more apparent reasons (pressure from a government?)for the sudden closure of bitmixer. I hope that this is just temporary and I hope that other mixing services will not follow suit.

Services such as Bitcoin mixing are extremely risky, as anyone running such operations can be tried under law and imprisoned for extremely long prison sentences. So he did the right thing by closing down the website at the right time.

btc_angela

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Quote from: 1Referee on July 26, 2017, 04:30:45 AM

Quote from: iamTom123 on July 25, 2017, 09:24:49 PM

I am hoping that the decision to shutdown is all about business and there is no applied pressure coming from anywhere else.

If it really wasn't his own decision to close its doors, it means that they (government affiliated agencies) will chase down other mixers as well, and thus we'll likely see other mixing services follow the same route in the fortcoming months/years. At the end, this isn't 2012/2013 anymore, where everything was still more or less a joke in every aspect. With all sorts of crypto related regulations in place, and what is left to be implemented in the forthcoming years, things are becoming a whole lot more serious. Governments won't sit back endlessly looking at how Bitcoin is growing larger and larger. If you look at the large number of coins that went through Bitmixer last year (around 1M BTC), you'll see how much demand there is for an extra layer of privacy that mixing services provide.

I really think that closing his business has something to do with an outside pressure (government). As a businessman, you are making good profits then all of a sudden you are going to close your business? Yes, I agree that its no longer a joke and government are at our throats right now. And whatever steps mixing services are implementing that government will always find a way to control and put tighter regulation around it.

1Referee

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Quote from: iamTom123 on July 25, 2017, 09:24:49 PM

I am hoping that the decision to shutdown is all about business and there is no applied pressure coming from anywhere else.

If it really wasn't his own decision to close its doors, it means that they (government affiliated agencies) will chase down other mixers as well, and thus we'll likely see other mixing services follow the same route in the fortcoming months/years. At the end, this isn't 2012/2013 anymore, where everything was still more or less a joke in every aspect. With all sorts of crypto related regulations in place, and what is left to be implemented in the forthcoming years, things are becoming a whole lot more serious. Governments won't sit back endlessly looking at how Bitcoin is growing larger and larger. If you look at the large number of coins that went through Bitmixer last year (around 1M BTC), you'll see how much demand there is for an extra layer of privacy that mixing services provide.

Baofeng

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Quote from: iamTom123 on July 25, 2017, 09:24:49 PM

Quote from: 1Referee on July 25, 2017, 05:34:21 PM

Bitmixer was a true asset for the entire Bitcoin community. Every time I withdrew coins from an exchange to be sent to my cold wallets, I have let them go through Bitmixer to get 'unmarked' coins in return. The reason from Bitmixer to close its doors is very much debatable, but it's pointless to speculate about what might or might not have pushed them to stop. We have to adapt to the situation by looking for alternatives, and the first next time that I need to mix some of my coins, I will put ChipMixer to the test. Reading through what kind of features it offers, it greatly exceeds that what Bitmixer had to offer. At least we're not going backwards.

I am hoping that the decision to shutdown is all about business and there is no applied pressure coming from anywhere else. The void left by this great Bitcoin mixer company can now be taken over by equally good mixing service providers and I am sure that Chipmixer can be a good choice. Amid the continuing drama in the Bitcoin community and the volatility of the Bitcoin, this shutdown is just adding some dark dust into the plate.

We could only speculate what push Bitmixer to close its services to us. We will understand it the company is not making profit, but he himself admitted that they are earning huge amount. So it has nothing to do with business or competition, something deep that we will be unknown to us On the other hand, there are other mixing services that are available, such as you guys promoting. Will definitely look into it and see what it can offer.

iamTom123

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Quote from: 1Referee on July 25, 2017, 05:34:21 PM

Bitmixer was a true asset for the entire Bitcoin community. Every time I withdrew coins from an exchange to be sent to my cold wallets, I have let them go through Bitmixer to get 'unmarked' coins in return. The reason from Bitmixer to close its doors is very much debatable, but it's pointless to speculate about what might or might not have pushed them to stop. We have to adapt to the situation by looking for alternatives, and the first next time that I need to mix some of my coins, I will put ChipMixer to the test. Reading through what kind of features it offers, it greatly exceeds that what Bitmixer had to offer. At least we're not going backwards.

I am hoping that the decision to shutdown is all about business and there is no applied pressure coming from anywhere else. The void left by this great Bitcoin mixer company can now be taken over by equally good mixing service providers and I am sure that Chipmixer can be a good choice. Amid the continuing drama in the Bitcoin community and the volatility of the Bitcoin, this shutdown is just adding some dark dust into the plate.

1Referee

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Activity: 2170

Merit: 1427

Bitmixer was a true asset for the entire Bitcoin community. Every time I withdrew coins from an exchange to be sent to my cold wallets, I have let them go through Bitmixer to get 'unmarked' coins in return. The reason from Bitmixer to close its doors is very much debatable, but it's pointless to speculate about what might or might not have pushed them to stop. We have to adapt to the situation by looking for alternatives, and the first next time that I need to mix some of my coins, I will put ChipMixer to the test. Reading through what kind of features it offers, it greatly exceeds that what Bitmixer had to offer. At least we're not going backwards.

Kemarit

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Well its all over in the forum for the last 24 hours that Bitmixer.IO, one of the longest campaign signature here and the largest mixing services has closed. Here is the official announcement coming from Mr. Bitmixer himself.

https://bitcointalksearch.org/topic/m.20337552

I'm pretty sure that a lot of customers was caught off guard and totally shock as he himself admitted that they are earning good profit but the business has to be shutdown. But I think that there are more apparent reasons (pressure from a government?)for the sudden closure of bitmixer. I hope that this is just temporary and I hope that other mixing services will not follow suit.

Baofeng

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Activity: 2576

Merit: 1655

World’s Largest Bitcoin Tumbling Service Announces Sudden Shutdown

The largest mixing service has decided to shut down operations, citing the future of Bitcoin as a catalyst. While no links have been made official, users question possible pressure and dark market shops as a possible cause.

One of the largest mixing services announced that it will stop operating just before delivering on that promise.

https://cointelegraph.com/news/worlds-largest-bitcoin-tumbling-service-announces-sudden-shutdown

Topic: [2017-07-25]World’s Largest Bitcoin Tumbling Service Announces Sudden Shutdown (Read 6379 times)