A few tips to increase the anonymity of your BTC transactions

CohibAA

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Quote from: dblink on June 28, 2015, 02:28:40 AM

Quote from: blablaace on May 27, 2015, 03:02:44 PM

make sure to use an electrum server that does not log ip address!

I heard it from some other source also regards to electrum, I have one question here does it store the database in the PC, since I am looking for a Software setup where it do not store any copy of the Bitcoin block chain in my system, I would prefer to analyze it on cloud. Does electrum matches according to my needs ?

The electrum wallet client connects to electrum-servers run by volunteers. The wallet connects to several of these server peers to ensure they agree on the blockchain data.

The electrum-server client does require connection to a core full node, which of course stores the full blockchain.

The wallet client does not require storing the blockchain on the system it is installed on. This should meet your needs. The electrum wallet client is included in the TAILS private operating system, and works on all other major OS as well.

dblink

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Quote from: blablaace on May 27, 2015, 03:02:44 PM

make sure to use an electrum server that does not log ip address!

I heard it from some other source also regards to electrum, I have one question here does it store the database in the PC, since I am looking for a Software setup where it do not store any copy of the Bitcoin block chain in my system, I would prefer to analyze it on cloud. Does electrum matches according to my needs ?

CohibAA

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Quote from: dserrano5 on May 27, 2015, 03:08:07 PM

Quote from: Amitabh S on May 27, 2015, 03:04:34 PM

Something like coin-join that mixes transactions offline before broadcasting. Not sure how mature it is as of now.

You beat me to this. Seems it took 17 posts in this thread for someone to bring coinjoin into the mix (pun intended). Some projects like joinmarket can be used today to mix your coins with no counterparty risk. And you could even earn some satoshis by acting as a market maker.

JoinMarket is looking good on the mainnet. The orderbook has a decent amount of liquidity for only being live a little over a month, at around 200 BTC currently.

Once their is a working electrum plugin, this will be a very easy to use solution to coin privacy. I, for one, don't have any ill-gotten coins, nor do I engage in any illegal activities, but I appreciate and seek privacy regardless. I think many people feel this way, and will utilize the privacy of coinjoins through applications like joinmarket and it's implementations. Criminals may use it also, it's open-source, decentralized and has many other features they may also seek, but I imagine many already have solutions in place for their needs. Projects like joinmarket are intended for widespread use by entities seeking to break the link between known addresses and their related transactions. It's a very interesting, much needed project, imho.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: hasmukhh on May 28, 2015, 12:05:14 AM

read the article and found it good . but do you think that mixers or laundries are the solution towards complete anonymity. I don't think so.

They are if you know how to use them correctly, and don't make a mistake later on by making transactions that would expose or link you.

Quote from: Kprawn on May 28, 2015, 01:09:37 AM

I seem to differ with you... {Not because of the fact that I participate in a sig campaign to promote it}
My financial privacy is important to me, and my spending habits too. {Let's say you are dealing with a Stalker... If you use NO mixing service, your LIFE will be out there... What you do every day.. How you do it, when you do it...}
You are given this privacy when you use your credit card {protection from the general public}, why not from Bitcoin? Even if you use fiat, you have this privacy.
I have never used Bitcoin for ANY illegal activities or bad intentions... BUT I still value my financial privacy. If the Bitcoin protocol does not protect me, I am forced to use these 3rd party services for that protection.

Well that's a longshot; why would somebody be stalking you ? I guess it's somewhat good defense to use third party services, but then again, you're bound to make a mistake sooner or later by linking addresses.
I honestly believe that mixing services and annonymous exchanges won't last much longer, due to risk of money laundering by those with not as good intentions as yours;they're bound to die off eventually.

cheers

Kprawn

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Quote from: ajareselde on May 27, 2015, 07:28:53 AM

Quote from: The Bad Guy on May 27, 2015, 07:06:06 AM

I have nothing to do with that coin and Im not advertising it and it's not only an Alternative coin as far as I know , even if I didn't fully understand how it works .
Also I removed the link if that makes you feel better .

I just said it sounds like advertisement, and not that it indeed is, you didn't had to remove the link because of what i said, i removed mine from your quote just because i dont want to share it.
Hate toward shi*coins is what u develop over the years when you're hanging out here, you will see Wink

Quote from: medUSA on May 27, 2015, 07:25:18 AM

Satoshi envisioned bitcoin users to use an address only once. Receive, spend, send the change to a new address and never use that address again. If you follow this practice. There is enough anonymity.

Yup, only the people will bad intentions are the one with true need to mix coins, hence i believe it will be stopped in soon future.
Also, i dont see reason why i would need to use addresses only one time, except when i need to make certain transactions more easily seen.

cheers

I seem to differ with you... {Not because of the fact that I participate in a sig campaign to promote it}
My financial privacy is important to me, and my spending habits too. {Let's say you are dealing with a Stalker... If you use NO mixing service, your LIFE will be out there... What you do every day.. How you do it, when you do it...}

You are given this privacy when you use your credit card {protection from the general public}, why not from Bitcoin? Even if you use fiat, you have this privacy.

I have never used Bitcoin for ANY illegal activities or bad intentions... BUT I still value my financial privacy. If the Bitcoin protocol does not protect me, I am forced to use these 3rd party services for that protection.

hasmukhh

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read the article and found it good . but do you think that mixers or laundries are the solution towards complete anonymity. I don't think so.

connectthebots

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Bitcoin's blockchain is open/transparent. Future blockchain anaylsis programs will be able to decipher all past, present, and future coin mixing/normal transactions and tie them to people's identites via social engineering or just searching google, no matter how hard you try.

Facebook, Google, etc are already doing that with centralized transparent services, where they serve ads targeted directly for you, or keep your identity on a system for lookup(Like online phonebooks), and more. Only a matter of time until all of that is done for transparent decentralized services like Bitcoin as well(Oh its already being done...wow).

odolvlobo

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Quote from: medUSA on May 27, 2015, 07:25:18 AM

There is no need to use a mixer for most bitcoiners. Just don't send all your bitcoin to 1 single address, keep funds spread out among lots of addresses and no one knows how much bitcoin you have.

It is the number of wallets, not addresses, that is important. Without careful use of coin control, all the addresses in a wallet will be linked to each other. So if somebody knows one of the addresses in your wallet, they can know them all (with some limitations).

melody82

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I wish your post (op) has some actual information instead of just a link. You know, like a summary of the article and your opinion about it or something like that.

dserrano5

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Quote from: Amitabh S on May 27, 2015, 03:04:34 PM

Something like coin-join that mixes transactions offline before broadcasting. Not sure how mature it is as of now.

You beat me to this. Seems it took 17 posts in this thread for someone to bring coinjoin into the mix (pun intended). Some projects like joinmarket can be used today to mix your coins with no counterparty risk. And you could even earn some satoshis by acting as a market maker.

Amitabh S

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Something like coin-join that mixes transactions offline before broadcasting. Not sure how mature it is as of now.

moriartybitcoin

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★777Coin.com★ Fun BTC Casino!

You should ALWAYS use a mixing service!!

Also, you should torify your entire internet connection using TAILS ... simply running TOR in your browser is not enough. Especially if you are using ELECTRUM, you are better off using TAILS than a VPN, because a VPN is not 100% uncrackable!

blablaace

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make sure to use an electrum server that does not log ip address!

Amph

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Quote from: NorrisK on May 27, 2015, 02:57:15 PM

Send btc to exchange1 --> buy ltc --> send ltc to exchange 2 --> buy btc with ltc -)> btc cannot be traced.

Or am I missing something? Seems safer and cheaper than a mixer.

the owner of the exchange can still track you in any case, there is also the risk of losing some money in this process

NorrisK

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Send btc to exchange1 --> buy ltc --> send ltc to exchange 2 --> buy btc with ltc -)> btc cannot be traced.

Or am I missing something? Seems safer and cheaper than a mixer.

dKingston

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LAUNDER BITCOIN: https://BitLaunder.com

use a mixer :-)

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: 1Referee on May 27, 2015, 08:46:49 AM

Quote from: medUSA on May 27, 2015, 07:38:45 AM

Quote from: readysalted89 on May 27, 2015, 07:31:58 AM

Most exchanges only use one address for withdrawals, but you deposit to a different personal address. An alternative to mixers is depositing and withdrawing through multiple exchanges in multiple jurisdictions. It's unlikely the Americans could force a Chinese exchange to give them details of transactions, and vice versa.

The exchange deposit and withdraw method is well known. It is a good alternative to mixers, except you never know when these exchanges might go down or delay withdraws and have your coins stuck inside Cheesy

Better to "clean" in small amounts using this method. You will loose more fees but expose to less risk.

The exchange method will lose its shine as more and more exchanges (even altcoin exchanges) will require you to verify yourself with id and such.

Requiring you to verify your identity doesnt mean that they will be allowed to share that information with third party. That is, unless there is something illegal going on, and they use legal channels to
request your ID information. But there will always be dice sites and such, where u can use the same deposit-insta-withdraw method.

cheers

1Referee

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Quote from: medUSA on May 27, 2015, 07:38:45 AM

Quote from: readysalted89 on May 27, 2015, 07:31:58 AM

Most exchanges only use one address for withdrawals, but you deposit to a different personal address. An alternative to mixers is depositing and withdrawing through multiple exchanges in multiple jurisdictions. It's unlikely the Americans could force a Chinese exchange to give them details of transactions, and vice versa.

The exchange deposit and withdraw method is well known. It is a good alternative to mixers, except you never know when these exchanges might go down or delay withdraws and have your coins stuck inside Cheesy

Better to "clean" in small amounts using this method. You will loose more fees but expose to less risk.

The exchange method will lose its shine as more and more exchanges (even altcoin exchanges) will require you to verify yourself with id and such.

medUSA

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Quote from: readysalted89 on May 27, 2015, 07:31:58 AM

Most exchanges only use one address for withdrawals, but you deposit to a different personal address. An alternative to mixers is depositing and withdrawing through multiple exchanges in multiple jurisdictions. It's unlikely the Americans could force a Chinese exchange to give them details of transactions, and vice versa.

The exchange deposit and withdraw method is well known. It is a good alternative to mixers, except you never know when these exchanges might go down or delay withdraws and have your coins stuck inside Cheesy

Better to "clean" in small amounts using this method. You will loose more fees but expose to less risk.

readysalted89

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Quote from: medUSA on May 27, 2015, 07:25:18 AM

There is no need to use a mixer for most bitcoiners. Just don't send all your bitcoin to 1 single address, keep funds spread out among lots of addresses and no one knows how much bitcoin you have. I obtain all my coins legally and I don't mind people tracing back my coins to an exchange, a gambling site or a faucet.

Satoshi envisioned bitcoin users to use an address only once. Receive, spend, send the change to a new address and never use that address again. If you follow this practice. There is enough anonymity.

Most exchanges only use one address for withdrawals, but you deposit to a different personal address. An alternative to mixers is depositing and withdrawing through multiple exchanges in multiple jurisdictions. It's unlikely the Americans could force a Chinese exchange to give them details of transactions, and vice versa.

Topic: A few tips to increase the anonymity of your BTC transactions (Read 1369 times)