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Topic: How to hide your bitcoin? (Read 4589 times)

legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
February 20, 2015, 08:53:31 AM
#83
Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.

How can you be sure the mixing service isn't a honey pot? And how do you know the gambling site (or a clever 3rd party) isn't fingerprinting every transaction?

I've seen a lot of suggestions for using very weak 3rd party solutions ITT but not a single trustless solution. I believe someone here (CIYAM?) is working on cross-chain atomic transactions that would effectively "scrub" links to past transactions, but that's in development (AFAIK).  



mixers are very probably safe. If you want to be safer, use two 3rd party websites then two different mixers.
It depends, there are some mixers which turned out to be a scam. The coin will be under the mixer's owner control for a amount of time if the owner decides to run away, you may just lose your coins. If it is operated by FBI, you are screwed.

i think the most trust mixer just bitmixer.

But what is he function to hide your bitcoin ?
I think you meant what is the use. Bitcoin is designed to be pseudo-anonymous, not completely anonymous. Therefore, you can still get linked to your real life identity or other identity online. To prevent people from tracing the address, mixing is used to boost the anonymity.
hero member
Activity: 882
Merit: 595
February 20, 2015, 08:14:24 AM
#82
Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.

How can you be sure the mixing service isn't a honey pot? And how do you know the gambling site (or a clever 3rd party) isn't fingerprinting every transaction?

I've seen a lot of suggestions for using very weak 3rd party solutions ITT but not a single trustless solution. I believe someone here (CIYAM?) is working on cross-chain atomic transactions that would effectively "scrub" links to past transactions, but that's in development (AFAIK).  



mixers are very probably safe. If you want to be safer, use two 3rd party websites then two different mixers.
It depends, there are some mixers which turned out to be a scam. The coin will be under the mixer's owner control for a amount of time if the owner decides to run away, you may just lose your coins. If it is operated by FBI, you are screwed.

i think the most trust mixer just bitmixer.

But what is he function to hide your bitcoin ?
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
February 20, 2015, 07:19:48 AM
#81
Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.

How can you be sure the mixing service isn't a honey pot? And how do you know the gambling site (or a clever 3rd party) isn't fingerprinting every transaction?

I've seen a lot of suggestions for using very weak 3rd party solutions ITT but not a single trustless solution. I believe someone here (CIYAM?) is working on cross-chain atomic transactions that would effectively "scrub" links to past transactions, but that's in development (AFAIK). 



mixers are very probably safe. If you want to be safer, use two 3rd party websites then two different mixers.
It depends, there are some mixers which turned out to be a scam. The coin will be under the mixer's owner control for a amount of time if the owner decides to run away, you may just lose your coins. If it is operated by FBI, you are screwed.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
February 19, 2015, 01:28:41 PM
#80
welp, regardless, xmr.to now lets you pay XMR -> bitcoin address, and poloniex finally implemented a minimum mixin of 3 on their withdraws, so, in terms of blockchain privacy, a good route is now:

BTC ---exchange (poloniex)--> XMR ---xmr.to---> BTC address.

granted, there may be ip logging all along that route, but that can be avoided with due diligence (and eventually i2p will be baked in to monero)

Looks like a practical defense against all but the most serious adversaries (especially using i2p or TOR - and I'm always using TOR anyway). It's also simple and easy enough to do frequently, which is really the most important thing.

Definitely worth trying - thanks.
I hope monero doesn't get stuck in its evolution and it gets removed from poloniex, its an amazing coin.

Why would it get removed?

Well because its a passing thing like any other sh*tcoin. While there is interst in trading it, it will be listed, and as soon as that interes dusappears, so will the coin listing on exchanges.
Its happening with all other altcoin, why not monero also, its not like its any better than the rest of them, by my opinion ofc.

cheers
legendary
Activity: 1260
Merit: 1008
February 19, 2015, 01:26:17 PM
#79
welp, regardless, xmr.to now lets you pay XMR -> bitcoin address, and poloniex finally implemented a minimum mixin of 3 on their withdraws, so, in terms of blockchain privacy, a good route is now:

BTC ---exchange (poloniex)--> XMR ---xmr.to---> BTC address.

granted, there may be ip logging all along that route, but that can be avoided with due diligence (and eventually i2p will be baked in to monero)

Looks like a practical defense against all but the most serious adversaries (especially using i2p or TOR - and I'm always using TOR anyway). It's also simple and easy enough to do frequently, which is really the most important thing.

Definitely worth trying - thanks.
I hope monero doesn't get stuck in its evolution and it gets removed from poloniex, its an amazing coin.

Why would it get removed?
hero member
Activity: 770
Merit: 509
February 19, 2015, 01:24:21 PM
#78
welp, regardless, xmr.to now lets you pay XMR -> bitcoin address, and poloniex finally implemented a minimum mixin of 3 on their withdraws, so, in terms of blockchain privacy, a good route is now:

BTC ---exchange (poloniex)--> XMR ---xmr.to---> BTC address.

granted, there may be ip logging all along that route, but that can be avoided with due diligence (and eventually i2p will be baked in to monero)

Looks like a practical defense against all but the most serious adversaries (especially using i2p or TOR - and I'm always using TOR anyway). It's also simple and easy enough to do frequently, which is really the most important thing.

Definitely worth trying - thanks.
I hope monero doesn't get stuck in its evolution and it gets removed from poloniex, its an amazing coin.
full member
Activity: 173
Merit: 105
February 19, 2015, 12:15:35 PM
#77
welp, regardless, xmr.to now lets you pay XMR -> bitcoin address, and poloniex finally implemented a minimum mixin of 3 on their withdraws, so, in terms of blockchain privacy, a good route is now:

BTC ---exchange (poloniex)--> XMR ---xmr.to---> BTC address.

granted, there may be ip logging all along that route, but that can be avoided with due diligence (and eventually i2p will be baked in to monero)

Looks like a practical defense against all but the most serious adversaries (especially using i2p or TOR - and I'm always using TOR anyway). It's also simple and easy enough to do frequently, which is really the most important thing.

Definitely worth trying - thanks.
hero member
Activity: 1022
Merit: 500
February 19, 2015, 11:43:16 AM
#76
Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.

How can you be sure the mixing service isn't a honey pot? And how do you know the gambling site (or a clever 3rd party) isn't fingerprinting every transaction?

I've seen a lot of suggestions for using very weak 3rd party solutions ITT but not a single trustless solution. I believe someone here (CIYAM?) is working on cross-chain atomic transactions that would effectively "scrub" links to past transactions, but that's in development (AFAIK). 



mixers are very probably safe. If you want to be safer, use two 3rd party websites then two different mixers.
hero member
Activity: 840
Merit: 1000
February 19, 2015, 10:42:09 AM
#75
brainwallet .. if you can remember a 128bit sentence

I dont get brainwallet, its impossible to remember that many words..

why should we remember that anyway,

you could just write it down and put it in a random places, or create your own words for that
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
February 19, 2015, 09:58:01 AM
#74
brainwallet .. if you can remember a 128bit sentence

I dont get brainwallet, its impossible to remember that many words..
Do you guys even read the thread? OP is trying to hide his coin by increasing anonymity, not trying to have better security. And also, brainwallet has several vulnerabilities.
hero member
Activity: 574
Merit: 500
February 18, 2015, 06:32:54 PM
#73
OP, why do you want to hide the received fund in the donation address? If you run a charity, Red Cross, or other type of good cause campaign, doesn't it a good practice to make your donated fund and expenditure of it transparent which will attract more donors? Otherwise you just try to scoop as much money as possible from some indecent activities?

It's just my opinion! Probably it is off topic!
legendary
Activity: 1596
Merit: 1000
February 18, 2015, 06:16:33 PM
#72
1 buy coins on exchange
2 wait for the exchange to crash and burn, erasing all records
3 profit!

the transaction history of your deposit  or withdrawal address are still recorded in the BlockChain! Do you think you are lucky enough to see the used exchange crash in the near term?lol
legendary
Activity: 2828
Merit: 1515
February 18, 2015, 05:51:31 PM
#71
Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.

How can you be sure the mixing service isn't a honey pot? And how do you know the gambling site (or a clever 3rd party) isn't fingerprinting every transaction?

I've seen a lot of suggestions for using very weak 3rd party solutions ITT but not a single trustless solution. I believe someone here (CIYAM?) is working on cross-chain atomic transactions that would effectively "scrub" links to past transactions, but that's in development (AFAIK). 



Use a reliable mixer then. Use taint analysis to ensure your Bitcoin is being mixed properly.
hero member
Activity: 672
Merit: 503
February 18, 2015, 05:47:44 PM
#70
brainwallet .. if you can remember a 128bit sentence

I dont get brainwallet, its impossible to remember that many words..
hero member
Activity: 482
Merit: 500
LAUNDER BITCOIN: https://BitLaunder.com
February 18, 2015, 05:39:29 PM
#69
brainwallet .. if you can remember a 128bit sentence
legendary
Activity: 966
Merit: 1000
February 18, 2015, 05:11:22 PM
#68
Suppose I want to share my public key for donations, but the problem is everyone can see how many btc I have. Suppose I create a second account for donations but now people can see where all the btc goes from there and cunclude it's my address. How to share a public key and still hide my savings?
Use mixer it's simple as that (bitmixer.io)
legendary
Activity: 1512
Merit: 1005
February 18, 2015, 03:51:05 PM
#67
1 buy coins on exchange
2 wait for the exchange to crash and burn, erasing all records
3 profit!
legendary
Activity: 1260
Merit: 1008
February 18, 2015, 03:08:08 PM
#66
welp, regardless, xmr.to now lets you pay XMR -> bitcoin address, and poloniex finally implemented a minimum mixin of 3 on their withdraws, so, in terms of blockchain privacy, a good route is now:

BTC ---exchange (poloniex)--> XMR ---xmr.to---> BTC address.

granted, there may be ip logging all along that route, but that can be avoided with due diligence (and eventually i2p will be baked in to monero)
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
February 18, 2015, 12:43:58 PM
#65
People getting paid in sig campaigns have to always use the same signature address so the runners of the campaign can keep track and it's public. So I dont see any other solution for this than running these coins through mixers.

Come on! You can always move money from the account the campaign sends payment to...ideally to cold storage!
how does that work

wouldn't that show in the blockchain?
It will. I don't think possum is understanding the difference between anonymity and security. Cold storage only promotes security, not anonymity. It actually allows your coins to be tracked.
legendary
Activity: 1358
Merit: 1014
February 18, 2015, 11:56:31 AM
#64
People getting paid in sig campaigns have to always use the same signature address so the runners of the campaign can keep track and it's public. So I dont see any other solution for this than running these coins through mixers.

Come on! You can always move money from the account the campaign sends payment to...ideally to cold storage!
how does that work

wouldn't that show in the blockchain?
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