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Topic: Cryptocurrency mixing services do more harm than good to blockchain technology - page 3. (Read 545 times)

mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Such services are widely used by scammers such that they do not get traced.
Do you think mixing services are harming the adoption of the technology ?

Because only hackers and scammers need privacy, right? Because who doesn't want getting their funds to get tracked? /s

Technology in general will be used for both good and bad purposes. It's been the case throughout the history of existing technologies.
legendary
Activity: 3584
Merit: 5248
https://merel.mobi => buy facemasks with BTC/LTC
It's not because a service gets used by scammers that it does more harm than good...

I use mixing services all the time to protect my family and myself against a $5 wrench attack...
legendary
Activity: 3472
Merit: 10611
Such services are widely used by scammers such that they do not get traced.
have you performed any research and came up with statistics that told you scammers are using these services or is it just your personal guess?

Quote
Do you think mixing services are harming the adoption of the technology ?
no, but i am more curious to know why you think they are doing "more harm than good" since you only explained how the mixing process works and forgot to come to a conclusion that you placed in your title.
full member
Activity: 1498
Merit: 129
A mixer (or tumbler) blends various types of theoretically recognizable cryptocurrency. This increases transaction confidentiality, because it allows tracing bitcoin difficult. The owner of Bitcoin sends the money to the mixing machine, exchanging it with that of other users and sending the combined cash to the requested address, ensuring there is no relation between the initial transaction and this address. Settlement sums should be chosen arbitrarily and the settlement consists of several tiny partial payments distributed over a longer period of time.
Such services are widely used by scammers such that they do not get traced.
Do you think mixing services are harming the adoption of the technology ?
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