Bitcoin mixer or anonymous altcoin(xmr, dash), which is more anonymous? - page 3.

danishcookie

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Quote from: deisik on September 12, 2016, 04:17:59 AM

Quote from: danishcookie on September 12, 2016, 03:43:32 AM

Quote from: trinaldao on September 11, 2016, 04:21:44 AM

i think using bitcoin mixer is the best option, altcoin mixing like dash and xmr is unstable price, of course bitcoin price unstable too but not high risk like xmr/dash. example you buying xmr today then you mixxing it and use it next week, im sure the price in next week will be down Roll Eyes

this is just my opinion

The mixer charges very high fees. I wonder if bitfinex 120k btc hacker sell btc by mixers or not. They may already sell the hacked coins. Any address of that 120k addy?

Bitfinex keeps dead silence about this address pretending that it will help investigators catch the thief (provided there was one in the first place). Whether it will actually help them do this remains to be seen, though. So far the hack looks more like a deliberate scam or an inside job...

In any case, Bitfinex seems to be doomed already

Yes, it is over for bitfinex. People should avoid to trade there, they must be next mtgox.

deisik

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Quote from: danishcookie on September 12, 2016, 03:43:32 AM

Quote from: trinaldao on September 11, 2016, 04:21:44 AM

i think using bitcoin mixer is the best option, altcoin mixing like dash and xmr is unstable price, of course bitcoin price unstable too but not high risk like xmr/dash. example you buying xmr today then you mixxing it and use it next week, im sure the price in next week will be down Roll Eyes

this is just my opinion

The mixer charges very high fees. I wonder if bitfinex 120k btc hacker sell btc by mixers or not. They may already sell the hacked coins. Any address of that 120k addy?

Bitfinex keeps dead silence about this address pretending that it will help investigators catch the thief (provided there was one in the first place). Whether it will actually help them do this remains to be seen, though. So far the hack looks more like a deliberate scam or an inside job...

In any case, Bitfinex seems to be doomed already

danishcookie

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Quote from: trinaldao on September 11, 2016, 04:21:44 AM

i think using bitcoin mixer is the best option, altcoin mixing like dash and xmr is unstable price, of course bitcoin price unstable too but not high risk like xmr/dash. example you buying xmr today then you mixxing it and use it next week, im sure the price in next week will be down Roll Eyes

this is just my opinion

The bitmixer charges very high fees. I wonder if bitfinex 120k btc hacker sell btc by mixers or not. They may already sell the hacked coins. Any address of that 120k addy?

Edit: I tried my signature site, the fee is not high, only 1.X% if i choose one outout address. I can accept this rate. While if you buy coins from shapeshift, you cost much more than 1%, their conversion rate is about 10%, much higher than mixer. So buy anon coin on exchange and use my signature mixer service cost less money.

deisik

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Quote from: Betwrong on September 11, 2016, 04:41:42 AM

I was going to say exactly the same thing. I have never seen high fees for mixing on any site. Also I think that Bitcoin is pretty anonymous by itself. Well I thought before I saw the post about monero and dash. So are they really more anonymous than Bitcoin? Can someone explain this in simple words because I know it's a shame but I can't understand this sentence from Wiki: "Monero is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation".

The idea behind this protocol is pretty simple. It is called a round robin signature where a letter is signed by many people arranging their signatures in a circle, thereby making it impossible to determine the order in which it was signed and who was the first to sign (to go after him). The practice of signing letters in a round robin fashion had been widespread in Medieval and post-Medieval Europe for petitions signed against authorities (usually the Crown). In the case of altcoins implementing this idea, a transaction is signed in such a way that it looks as if it were signed on behalf of a group, not just by a particular sender...

In respect to the CryptoNote protocol, this technology is called the ring signature

Wind_FURY

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I believe XMR is the safer option if you want more anonymity. Bitcoin mixers are centralized services and could be compromised be hackers or maybe even investigated by the authorities and be forced to show the inputs and outputs that came thru their mixing services. Dash's master nodes are also vulnerable to attacks and government investigations. Some people also think there is a possibility that they could collude.

Betwrong

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Quote from: X-ray on September 11, 2016, 02:20:09 AM

Quote from: ihanaihana on September 10, 2016, 09:59:20 PM

Quote from: shinratensei_ on September 10, 2016, 09:13:58 PM

Quote from: danishcookie on September 10, 2016, 08:50:09 PM

Hello guys, I just joint a bitcoin mixer campaign, I am new to bitcoin mixer service, and very curious about this.

My question is: Bitcoin mixer or anonymous altcoin(such as xmr, dash), which is more anonymous?

I think both of them is having a different definition, maybe like a mixer for erasing your transaction history or making someone is can't tracking your transaction history with mixing your coin with the various address...

but basically, mixer and monero are offering a same thing...

Dash and xmr should be more anon, you can see bitcoin mixers fees, very high, people prefer buy dash or xmr, and buy in the darknet market.

the mixing fees is only about 0.5%, when you're trying to exchange your bitcoin to those alternate coins your money will be cut off 0.5% - 1% just same as mixing fees when you're exchanging your coin so actually there's no big difference at all

I was going to say exactly the same thing. I have never seen high fees for mixing on any site. Also I think that Bitcoin is pretty anonymous by itself. Well I thought before I saw the post about monero and dash. So are they really more anonymous than Bitcoin? Can someone explain this in simple words because I know it's a shame but I can't understand this sentence from Wiki: "Monero is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation".

Herbert2020

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Quote from: danishcookie on September 10, 2016, 08:50:09 PM

Hello guys, I just joint a bitcoin mixer campaign, I am new to bitcoin mixer service, and very curious about this.

My question is: Bitcoin mixer or anonymous altcoin(such as xmr, dash), which is more anonymous?

if you use a bitcoin mixer you should trust that service which means trusting a third party with both your money and your information. they only say we are not keeping any logs and there never will be any way to be sure about this so you also have to take their word for it.

but using a coin like XMR means you only have to understand how it works and since the source is available you can check to make sure of that.

btvGainer

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Quote from: danishcookie on September 10, 2016, 08:50:09 PM

Hello guys, I just joint a bitcoin mixer campaign, I am new to bitcoin mixer service, and very curious about this.

My question is: Bitcoin mixer or anonymous altcoin(such as xmr, dash), which is more anonymous?

If you have a choice,never use a third party service in bitcoin.You can quickly sell dash,xmr and secure your money but mixer charge fee (Sometimes very high) and takes time (upto 24 hours)

trinaldao

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i think using bitcoin mixer is the best option, altcoin mixing like dash and xmr is unstable price, of course bitcoin price unstable too but not high risk like xmr/dash. example you buying xmr today then you mixxing it and use it next week, im sure the price in next week will be down Roll Eyes

this is just my opinion

jacktheking

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I am not entirely sure but a Bitcoin mixer service is just basically a service that mix your coins with others and form multiple transactions the receiving address will receive the Bitcoin.

deisik

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Quote from: xuan87 on September 11, 2016, 02:49:05 AM

I think both of them are different things to compare, bitcoin mixer is more to clean up your bitcoin transaction trace and to clean your bitcoin, but if you compare i think bitcoin mixer is more difficult to trace rather than any alt coin like dash or monero

You implicitly assume that a Bitcoin mixer can be trusted. But why in the first place would you trust a certain mixer? You don't and can't know if they are not there exactly to keep track of your coins (though the latter doesn't mean that they are not mixing them). On the other hand, altcoins are global and open sourced at that, so they are fundamentally more trusted if their algos provide a desired level of anonymity...

In short, you may never know who is behind this or that mixer

xuan87

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I think both of them are different things to compare, bitcoin mixer is more to clean up your bitcoin transaction trace and to clean your bitcoin, but if you compare i think bitcoin mixer is more difficult to trace rather than any alt coin like dash or monero

andyste

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Quote from: danishcookie on September 10, 2016, 08:50:09 PM

Hello guys, I just joint a bitcoin mixer campaign, I am new to bitcoin mixer service, and very curious about this.

My question is: Bitcoin mixer or anonymous altcoin(such as xmr, dash), which is more anonymous?

ussualy and use service mixer only bitcoin
nother coin altcoin is few service use mixer, because altcoin not need mixer
only deposit to exchanger , exchange to bitcoin automatic is coin clean in mixer automatic

Foref1982

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What's with the party that runs the mixer? Aren't they able to log the transactions and therefore be able to trace it back to you? As long as a 3rd party's involved in the method, it means a risk to your anonymity and a possible blind spot in your plan.

Wendigo

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Nothing is anonymous any more when you try to exchange it from virtual items to real world hard cash. Nowadays complete anonymity is a rare thing and I don't think anyone should care much about this when people are posting Facebook photos of when they have had a shit or what hamburger they have had for lunch Grin

X-ray

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Quote from: ihanaihana on September 10, 2016, 09:59:20 PM

Quote from: shinratensei_ on September 10, 2016, 09:13:58 PM

Quote from: danishcookie on September 10, 2016, 08:50:09 PM

Hello guys, I just joint a bitcoin mixer campaign, I am new to bitcoin mixer service, and very curious about this.

My question is: Bitcoin mixer or anonymous altcoin(such as xmr, dash), which is more anonymous?

I think both of them is having a different definition, maybe like a mixer for erasing your transaction history or making someone is can't tracking your transaction history with mixing your coin with the various address...

but basically, mixer and monero are offering a same thing...

Dash and xmr should be more anon, you can see bitcoin mixers fees, very high, people prefer buy dash or xmr, and buy in the darknet market.

the mixing fees is only about 0.5%, when you're trying to exchange your bitcoin to those alternate coins your money will be cut off 0.5% - 1% just same as mixing fees when you're exchanging your coin so actually there's no big difference at all

densuj

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Quote from: danishcookie on September 10, 2016, 08:50:09 PM

Hello guys, I just joint a bitcoin mixer campaign, I am new to bitcoin mixer service, and very curious about this.

My question is: Bitcoin mixer or anonymous altcoin(such as xmr, dash), which is more anonymous?

I think bitcoin mixer is more anonymous than altcoins, because there are reserve of bitcoins on bitcoin mixer service for make sure it is keeps be anonymous. And it is different with altcoins who doesn't not reserve of coins and still there are not services for altcoins mixing.

~Bitcoin~

legendary

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Using HD wallets which is now offered by many web wallet service could be enough for low level of anonymity and for high level of privacy bitcoin mixer become handy. Monero seems to provide anonymity without using mixers but mixed bitcoin can also be considered as providing greater anonymity.

Yakamoto

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Quote from: danishcookie on September 10, 2016, 08:50:09 PM

Hello guys, I just joint a bitcoin mixer campaign, I am new to bitcoin mixer service, and very curious about this.

My question is: Bitcoin mixer or anonymous altcoin(such as xmr, dash), which is more anonymous?

Bitcoin mixer could be maybe somewhat traceable if you're dedicated enough and have the time and resources, however it is difficult and doesn't really yield a decent result most of the time.

XMR or some similar crypto is probably more anonymous, however I don't know the ins and outs technically speaking so my information is borderline useless for this.

Pursuer

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Quote from: danishcookie on September 10, 2016, 08:50:09 PM

Hello guys, I just joint a bitcoin mixer campaign, I am new to bitcoin mixer service, and very curious about this.

My question is: Bitcoin mixer or anonymous altcoin(such as xmr, dash), which is more anonymous?

it depends on what level of anonymity you are planning to achieve from using any of these services or altcoins. for a regular user, using addresses once (no address reuse and changing it) can be enough to protect his privacy. but for more privacy you can use a mixing service but it will cost you some fees but it will provide a good level of privacy.

also using these coins lime Monero will provide you a good level of privacy but the problem would be you have to install the wallet and use it yourself otherwise if you are planning on using a third party service there is no point. and installing the wallet and syncing can take time.

Topic: Bitcoin mixer or anonymous altcoin(xmr, dash), which is more anonymous? - page 3. (Read 2529 times)