It would be better to enter amount which will be received, not paid.
Why is there a need to pre-announce an amount? Anything that arrives at the incoming address can be delivered to the outgoing address after deducting the fee. 
Topic: Announcing the Bitcoin Laundry (beta) - page 2. (Read 11364 times)
It would be better to enter amount which will be received, not paid. Commision should be added to final amount to send. Currently, when I want to send 1 BTC to someone, I have to calculate commision itself.
Are you performing some scrambling in transaction? For example, when I send 1BTC, it should pay some amount instantly and some amount later even from another sending address. This way it should me much harder to pair both transactions.
By the way, I see you are living in Slovakia. Do you speak Slovak or Czech?
Are you performing some scrambling in transaction? For example, when I send 1BTC, it should pay some amount instantly and some amount later even from another sending address. This way it should me much harder to pair both transactions.
By the way, I see you are living in Slovakia. Do you speak Slovak or Czech?
You obviously didn't get anything about my idea.
Dude, I'm still trying to catch up on your idea, the background, and why the issues you raise are important. And on this message I wasn't replying to ya
BTW, it looks like you have a lemur on your shoulder. Is that safe?
Yes, but is mybitcoin operated by a stateless person who is immune to subpoena?
My stateless status doesn't make me special. I'm certainly not immune to subpoena.
One thing I forgot to mention about this quick thing I hacked together: Once the system remits the payment minus commission to the destination address, it forgets as much of the transaction information as Bitcoin currently allows.
When I create an address to handle a transaction, I associate it with an account (formerly label) which contains a JSON object. That object includes the destination address, the amount to be paid and the commission. After sending the payment minus commission to the destination, that account/label information is deleted from the wallet.
I would like to be able to obliterate the address generated for the transaction as well, but that's not currently supported.
You obviously didn't get anything about my idea.
The idea is to prevent tracing coins by using the block chain, not your wallet/client/whatever info.
Being immune to subpoena is easy, as long as you don't store customer IPs (access through Tor for example) you could give the FBI full access to your server it wouldn't be of any use to them.
Maybe I'll be the first one to launch it after all
Yes, but is mybitcoin operated by a stateless person who is immune to subpoena?
My stateless status doesn't make me special. I'm certainly not immune to subpoena.
One thing I forgot to mention about this quick thing I hacked together: Once the system remits the payment minus commission to the destination address, it forgets as much of the transaction information as Bitcoin currently allows.
When I create an address to handle a transaction, I associate it with an account (formerly label) which contains a JSON object. That object includes the destination address, the amount to be paid and the commission. After sending the payment minus commission to the destination, that account/label information is deleted from the wallet.
I would like to be able to obliterate the address generated for the transaction as well, but that's not currently supported.
mybitcoin provides the same service as yours but without the 1% fee =)
so does mtgox, also with no fee. just deposit btc, withdraw btc - you'll get /different/ coins, since mtgox has a lot of btc balance, and a bitcoin client tries to use older coins first.
mike, your 'laundry' is rather ineffective, if you don't pool coins from multiple users and users tend to always get their own coins back.
For a higher percentage, you could create a new wallet for the transaction. Not sure if that offers any real benefit, though.
Absolutely none.
mybitcoin provides the same service as yours but without the 1% fee =)
Yes, but is mybitcoin operated by a stateless person who is immune to subpoena?Irrelevant. Make it accessible through Tor and you could host the service in washington DC.
mybitcoin provides the same service as yours but without the 1% fee =)
Yes, but is mybitcoin operated by a stateless person who is immune to subpoena?
For a higher percentage, you could create a new wallet for the transaction. Not sure if that offers any real benefit, though.
http://bitcoinlaundry.com/
The Bitcoin Laundry will accept your payment, deduct a small commission, and then forward the balance on to a Bitcoin address you designate.
The current commission rate is 1%.
Launder today!
The Bitcoin Laundry will accept your payment, deduct a small commission, and then forward the balance on to a Bitcoin address you designate.
The current commission rate is 1%.
Launder today!
I think you should re-read the idea I gave in the other forum thread (http://bitcointalk.org/index.php?topic=428.20), you seem to have missed a couple of key points...
It doesn't make *any* sense unless you actually take deposits, pool them together in one address and then send random payments to everyone.
mybitcoin provides the same service as yours but without the 1% fee =)
No, I mean, what is done to make it difficult to trace? There has been some discussion on the forum about the right and wrong way to do this.
Well, as a single operator with a single wallet on the back end there's only so much I can do.
What would you like? Multiple addresses generated for input and delivery? Transaction splitting? Deferred delivery? All doable...
Can you explain how this works?
Sure!
You visit the site and tell it you want to launder a certain number of bitcoins. You provide that number, along with the bitcoin address to deliver to.
The site generates a fresh new Bitcoin address and presents it to you with instructions to pay your desired amount to it.
You send the requisite number of Bitcoins to that address.
Once that transaction gets 1 confirmation, the site sends the address you provided the same number of Bitcoins, minus the commission.
Make sense?
No, I mean, what is done to make it difficult to trace? There has been some discussion on the forum about the right and wrong way to do this.
Can you explain how this works?
Apparently, you send it to a new randomly generated address and then send that to the address you want.
Can you explain how this works?
http://bitcoinlaundry.com/
The Bitcoin Laundry will accept your payment, deduct a small commission, and then forward the balance on to a Bitcoin address you designate.
The current commission rate is 1%.
Launder today!
The Bitcoin Laundry will accept your payment, deduct a small commission, and then forward the balance on to a Bitcoin address you designate.
The current commission rate is 1%.
Launder today!
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