Bitcoin Mixer - How to Secure your Identity !

SmartIphone

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Quote from: Red-Apple on July 31, 2016, 07:50:23 AM

Quote from: SmartIphone on July 31, 2016, 07:42:19 AM

Quote from: martinacar on July 30, 2016, 06:02:15 PM

Quote from: SmartIphone on July 30, 2016, 03:12:06 PM

As shorena says it is not needed for everything to ask us to provide ID/selfie with ID and lots of other verification procedures which are needed mostly for lifting the limit for debit cards or using exchanges.
I like the idea of bitcoin mixers because sometimes it is needed to use these, but I hate when it is used by hackers which hide their identity in this way mostly.

That's the problem nowadays, many hackers are using these mixer services which enables them to scam and get a way with crimes.
I hope the community will come to a consensus on how to deal with these kind of cases.

I don't know how the community can make a consensus and 'track' these people mixing the bitcoins.
Bitcoin was designed as an anonymous and decentralized currency. Because more and more companies are opening every year makes the bitcoin not anonymous anymore because the bitcoin will be transferred from one exchange/company to another one.

that problem will always exist and there is nothing anybody can do about it, and you should know that it is not bitcoin, hackers and all the bad guys will always use anything for their own bad purposes.
they have been using credit cards, and money (fiat) laundering for ages and still do.

Unfortunately that's true, but I have read somewhere that exchanges does not accept or does not process these dirty coins but still there are way for these to mix and spend these bitcoins and they probably don't care about the bitcoin mixer fees.

katrimans

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Quote from: sniveling on July 31, 2016, 06:00:24 PM

Quote from: justdimin on July 31, 2016, 05:19:17 PM

Quote from: ?? on ??

People should that bitcoin is pseudonymous, not anonymous. They must be very careful when use bitcoin to keep their anonymity.

That's true that bitcoin mixer service can help keep your anonymity, but what if they keep your transaction or turned to be scam?
For normal people, i think one-time address should be good enough.

If you use a trusted mixer, the chances that the mixer turns into a scam is small but still there.
Personally, I only use one wallet, and it works perfectly fine. I just use Bitcoin normally, and I only occasionally use mixing when it's absolutely necessary.

The largest mixers have been running for years, and there's a low chance one will suddenly close at the exact time someone decides to mix his coins through it. There is more profit to be made from running a mixer for a year than suddenly closing and scamming whoever was mixing their coins through it for a duration of six Bitcoin confirmations.

Using smaller mixers is risky because there's less profits from them for the owners.

I have never used any small mixers. Actually, I have never used any mixer other than bitmixer since it is the only one I truly trust even though the fees are kinda high. But it is low enough that it does not really affect the amount of coins that I mix virtually.

pooya87

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Quote from: Kakmakr on August 01, 2016, 01:39:41 AM

~~
You can just use mixers to hide your bigger stash or your main account, but it will not be impossible with the correct legal documents, to trace it back to it's source. ^hmmmmm^

this last part is only true if the mixing service that you are using is keeping logs so the government can trace you through the legal channels. but mixers like bitmixer are not keeping any longs at all, and all the records will be removed immediately.

Quote from: https://bitmixer.io/faqs.html

What logs are kept?
Absolutely no logs or personally identifying information are kept regarding your use of the Bitmixer service. All logs are permanently removed from both our website database and from our Bitcoin wallet after your coins have been transferred out of our reserve. All forwarding entries are removed after 24 hours.

although like any other service it is up to you to decide how much they are keeping their word and destroying the logs.

Kakmakr

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If you use fake identity documents to register a Post Box, and pay someone off the street to collect the content for you, and drop it in a pre-arranged pickup zone, then you would still be able to bypass all that identity tracking. So the system is flawed, not Bitcoin.

You can just use mixers to hide your bigger stash or your main account, but it will not be impossible with the correct legal documents, to trace it back to it's source. ^hmmmmm^

talkbitcoin

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Quote from: sniveling on July 31, 2016, 06:00:24 PM

Quote from: justdimin on July 31, 2016, 05:19:17 PM

Quote from: ?? on ??

People should that bitcoin is pseudonymous, not anonymous. They must be very careful when use bitcoin to keep their anonymity.

That's true that bitcoin mixer service can help keep your anonymity, but what if they keep your transaction or turned to be scam?
For normal people, i think one-time address should be good enough.

If you use a trusted mixer, the chances that the mixer turns into a scam is small but still there.
Personally, I only use one wallet, and it works perfectly fine. I just use Bitcoin normally, and I only occasionally use mixing when it's absolutely necessary.

The largest mixers have been running for years, and there's a low chance one will suddenly close at the exact time someone decides to mix his coins through it. There is more profit to be made from running a mixer for a year than suddenly closing and scamming whoever was mixing their coins through it for a duration of six Bitcoin confirmations.

Using smaller mixers is risky because there's less profits from them for the owners.

sometimes being paranoid is not a bad thing, especially when your hard earned money is involved. you can send your bitcoins to the mixer in a couple of batches instead of all at once, this way you reduce the risk of what he mentioned, also the fees are percentage of what you send so it doesn't matter.
also this way it can add to your anonymity because you will receive them out on the other side with bigger intervals.

sniveling

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Quote from: justdimin on July 31, 2016, 05:19:17 PM

Quote from: ?? on ??

People should that bitcoin is pseudonymous, not anonymous. They must be very careful when use bitcoin to keep their anonymity.

That's true that bitcoin mixer service can help keep your anonymity, but what if they keep your transaction or turned to be scam?
For normal people, i think one-time address should be good enough.

If you use a trusted mixer, the chances that the mixer turns into a scam is small but still there.
Personally, I only use one wallet, and it works perfectly fine. I just use Bitcoin normally, and I only occasionally use mixing when it's absolutely necessary.

The largest mixers have been running for years, and there's a low chance one will suddenly close at the exact time someone decides to mix his coins through it. There is more profit to be made from running a mixer for a year than suddenly closing and scamming whoever was mixing their coins through it for a duration of six Bitcoin confirmations.

Using smaller mixers is risky because there's less profits from them for the owners.

justdimin

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Quote from: ?? on ??

People should that bitcoin is pseudonymous, not anonymous. They must be very careful when use bitcoin to keep their anonymity.

That's true that bitcoin mixer service can help keep your anonymity, but what if they keep your transaction or turned to be scam?
For normal people, i think one-time address should be good enough.

If you use a trusted mixer, the chances that the mixer turns into a scam is small but still there.
Personally, I only use one wallet, and it works perfectly fine. I just use Bitcoin normally, and I only occasionally use mixing when it's absolutely necessary.

bjman

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I think the best use case for a mixer is when you are sending coins that you don't want traced to you. So you send to a mixer and then the mixer sends somewhere else. Done.

It gets more complicated if you want to receive coins from a mixer--as has been stated already you may be getting coins that are more tainted than you may want.

jt byte

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^^^
From an article that I read. no link to it cause it was when their services first came out.

BitcoinNewsMagazine

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Quote from: jt byte on July 31, 2016, 03:06:22 PM

You think that using a mixer for your bitcoins will keep your identity safe?
Think again! It has been proven that this is false.

Anyone can make a statement can you back that up with links to articles or academic papers that prove your point?

jt byte

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You think that using a mixer for your bitcoins will keep your identity safe?
Think again! It has been proven that this is false.

jostorres

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If you're worrying about bitcoin's pseudonymous feature, mixers are good to use to completely erase your tracks as you would be having coins from different sources.

Mixers have their purpose like to hide where your coins are from so you can ensure your privacy.

Carlsen

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Just like it is said, the coins can be traced back to the original block.
But that does not mean you can put an Id to the owner of the coin.
If you send your coins from one wallet to another, I think that it is already after this one transaction hard to prove who the owner is (as long as no ip address is recorded).

Hirose UK

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Quote from: SAMKUSH on July 30, 2016, 06:07:50 AM

I have never used a mixer as of yet but I have been thinking of using it in the future if I need to keep my Bitcoin transactions anonymous. Most of the services I use do not store much personal information about me.

same here. I've also never mixed my bitcoin because I think I don't have problems that require need to be totally anymous so far.

probably only those who want to share their bitcoin anymously or those who have got their bitcoin in wrong way.

ranochigo

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Quote from: lemipawa on July 30, 2016, 12:32:39 PM

However I noticed that the address that mixers use are fresh or new with no transaction, so for those who are tracking someone its kinda like a give away that the coins was sent to an address created by a mixer.

There's nothing wrong with that. Anyone can have a transaction that is sent from an address with no transactions at all. Perhaps someone who just purchased Bitcoin from somewhere? Even if one knows that a someone is using a mixer, there is nothing that they could do to find out the origin. Given that the mixer doesn't keep logs and mixes it well.

Mixers aren't foolproof. They can always keep logs even though they promise not to. The best way is to just use several of the mixers and hope that the information won't be leaked.

shorena

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No I dont escrow anymore.

Quote from: jak3 on July 31, 2016, 08:29:25 AM

i have never used bitcoin mixers , i don't need to be anonymous is it bad to use one address for everything?

Yes. Its bad for your privacy and for the privacy of everyone you trade with.

Quote from: jak3 on July 31, 2016, 08:29:25 AM

if i stole some coins or hacked any exchange than i will use bitcoin mixing servic other way i will not think about it.they are my first wallet when i came to bitcoin world they charged me 0.001btc for every transaction after that i switched to blockchain and they charged me 1/10th of it

Exchanges are no wallets and with "blockchain" you probably mean "blockchain.info". These two are completly different things.

jak3

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i have never used bitcoin mixers , i don't need to be anonymous is it bad to use one address for everything?
if i stole some coins or hacked any exchange than i will use bitcoin mixing servic other way i will not think about it.they are my first wallet when i came to bitcoin world they charged me 0.001btc for every transaction after that i switched to blockchain and they charged me 1/10th of it

Red-Apple

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Quote from: SmartIphone on July 31, 2016, 07:42:19 AM

Quote from: martinacar on July 30, 2016, 06:02:15 PM

Quote from: SmartIphone on July 30, 2016, 03:12:06 PM

As shorena says it is not needed for everything to ask us to provide ID/selfie with ID and lots of other verification procedures which are needed mostly for lifting the limit for debit cards or using exchanges.
I like the idea of bitcoin mixers because sometimes it is needed to use these, but I hate when it is used by hackers which hide their identity in this way mostly.

That's the problem nowadays, many hackers are using these mixer services which enables them to scam and get a way with crimes.
I hope the community will come to a consensus on how to deal with these kind of cases.

I don't know how the community can make a consensus and 'track' these people mixing the bitcoins.
Bitcoin was designed as an anonymous and decentralized currency. Because more and more companies are opening every year makes the bitcoin not anonymous anymore because the bitcoin will be transferred from one exchange/company to another one.

that problem will always exist and there is nothing anybody can do about it, and you should know that it is not bitcoin, hackers and all the bad guys will always use anything for their own bad purposes.
they have been using credit cards, and money (fiat) laundering for ages and still do.

SmartIphone

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Quote from: martinacar on July 30, 2016, 06:02:15 PM

Quote from: SmartIphone on July 30, 2016, 03:12:06 PM

As shorena says it is not needed for everything to ask us to provide ID/selfie with ID and lots of other verification procedures which are needed mostly for lifting the limit for debit cards or using exchanges.
I like the idea of bitcoin mixers because sometimes it is needed to use these, but I hate when it is used by hackers which hide their identity in this way mostly.

That's the problem nowadays, many hackers are using these mixer services which enables them to scam and get a way with crimes.
I hope the community will come to a consensus on how to deal with these kind of cases.

I don't know how the community can make a consensus and 'track' these people mixing the bitcoins.
Bitcoin was designed as an anonymous and decentralized currency. Because more and more companies are opening every year makes the bitcoin not anonymous anymore because the bitcoin will be transferred from one exchange/company to another one.

Herbert2020

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bitcoin mixers are a good thing for bitcoin and it always helps improve the anonymity of bitcoin that a lot of people around here are concerned with. but i think you also have to be careful when using the mixer itself because like anything else they can not be what they seem to be. they may even be keeping logs on you and what you mix so you will only pay some fee without really improving anything.

so better choice a reputable mixer and be careful about what you do.

Topic: Bitcoin Mixer - How to Secure your Identity ! (Read 1951 times)