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Topic: How to hide your bitcoin? - page 2. (Read 4589 times)

full member
Activity: 173
Merit: 105
February 18, 2015, 10:43:44 AM
#63
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).  


True. This is why you need to trust the operator alot. They can just say they delete logs but they actually keep those. A smart idea is to deposit from the wallet and withdraw to another gambling site and withdraw to another gambling site or just withdraw to your wallet. The probability of both of the gambling site tracking you is fairly low. Blockchain analysis might give you away if you withdraw them all at once.

That's a good idea. Do you know/trust anyone that operates a gambling/mixing site, and what are the odds that they are truly indifferent or interested in protecting user privacy? I ask just to get a feel for the odds of success.

I'd guess that just due to the nature of the problem 75% of all of these sites are either intentional honeypots or actors that could not be trusted.

If that's accurate, then the probability of being successfully tracked through two mixers (two independent events) is:

(.75) * (.75) = .5625

And tracked through three mixers (few people would take the time to do this):

(.75) * (.75) * (.75) = .421875

Four mixers:

(.75) * (.75) * (.75) * (.75) = .3164

So after using four mixers/gambling sites you still only have a 68% chance of reasonable privacy.

legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
February 17, 2015, 07:13:06 AM
#62
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).  


True. This is why you need to trust the operator alot. They can just say they delete logs but they actually keep those. A smart idea is to deposit from the wallet and withdraw to another gambling site and withdraw to another gambling site or just withdraw to your wallet. The probability of both of the gambling site tracking you is fairly low. Blockchain analysis might give you away if you withdraw them all at once.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
February 16, 2015, 01:43:39 PM
#61
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!
legendary
Activity: 3472
Merit: 4801
February 16, 2015, 11:17:55 AM
#60
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.

Personally, I would refuse to participate in a sig campaign that required me to re-use a bitcoin address for multiple transactions.
legendary
Activity: 1610
Merit: 1183
February 16, 2015, 11:14:07 AM
#59
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.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
February 16, 2015, 10:48:59 AM
#58
First provide all donars , different BTC address and they won't know , they send them to some exchange and wait a little and get it together
full member
Activity: 173
Merit: 105
February 16, 2015, 10:20:42 AM
#57
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). 

sr. member
Activity: 322
Merit: 250
February 15, 2015, 10:57:39 PM
#56
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?
mix your coin.
sr. member
Activity: 462
Merit: 250
February 15, 2015, 10:54:04 PM
#55
I don't know the gambling site idea and the exchange to alt sounds good to me
legendary
Activity: 1610
Merit: 1183
February 15, 2015, 06:06:40 PM
#54
Just send them to an escrow for holding it. Or use a mixer if you wish to remain anonymous,

I have never used a mixer but i plan to use it in the future when i being spending. ITs a bit a nnoying to run coins through exchanges everytime you get new coins tho.
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
February 15, 2015, 11:21:24 AM
#53
Just send them to an escrow for holding it. Or use a mixer if you wish to remain anonymous,
legendary
Activity: 1358
Merit: 1014
February 15, 2015, 10:53:46 AM
#52
you don't have to use same "wallet.dat" for everything.

you can just create seperate wallets like me.

I've around 5 wallets that each one of them are used for different things. (Also I'm backing them up regularly to safe my private keys).

What for? seems like a mess.
full member
Activity: 173
Merit: 100
February 15, 2015, 09:40:09 AM
#51
Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
February 15, 2015, 09:11:20 AM
#50
you don't have to use same "wallet.dat" for everything.

you can just create seperate wallets like me.

I've around 5 wallets that each one of them are used for different things. (Also I'm backing them up regularly to safe my private keys).

Separate addresses will do too.
Wallets may be unnecessary.
At times, you may spend coins from two inputs from different address by accident. This will cause people to link two different address together and your anonymity would be gone. Separate wallet.dat would be better since they are on seperate places.
legendary
Activity: 1232
Merit: 1000
February 15, 2015, 09:03:10 AM
#49
you don't have to use same "wallet.dat" for everything.

you can just create seperate wallets like me.

I've around 5 wallets that each one of them are used for different things. (Also I'm backing them up regularly to safe my private keys).

Separate addresses will do too.
Wallets may be unnecessary.
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
February 14, 2015, 09:06:23 PM
#48
you don't have to use same "wallet.dat" for everything.

you can just create seperate wallets like me.

I've around 5 wallets that each one of them are used for different things. (Also I'm backing them up regularly to safe my private keys).
legendary
Activity: 1358
Merit: 1014
February 14, 2015, 09:02:36 PM
#47
If you mix a mixer with darkwallet it should be pretty much hidden. I have no idea how DW works tho.
newbie
Activity: 41
Merit: 0
February 14, 2015, 04:58:26 PM
#46
Run all your donation money through bitmixer.io.

yeah mate..mixer seems to be the best way to go.
hero member
Activity: 574
Merit: 500
February 14, 2015, 03:05:37 PM
#45
Cheapest way to hide your bitcoin : Send your bitcoin to big gambling site, after few days withdraw it to your new address
You just need 0.0002BTC to mixing your bitcoin

Better than compared with mixing service / exchange site
Yup but gambling sites keeps log of withdrawals and IP. They are willing to give out information if you do something illegal which is possible. Most mixers don't keep any logs or delete after a few days.

The OP primarily wants to hide total donations received from public.
So a gambling site should work too.

I'd suggest to make a safe bet 1.01 on directbet.. And than put the donation address wherever u want to donate as the address to receive the winnings...i think that should do the trick!
legendary
Activity: 1232
Merit: 1000
February 14, 2015, 02:15:03 PM
#44
Cheapest way to hide your bitcoin : Send your bitcoin to big gambling site, after few days withdraw it to your new address
You just need 0.0002BTC to mixing your bitcoin

Better than compared with mixing service / exchange site
Yup but gambling sites keeps log of withdrawals and IP. They are willing to give out information if you do something illegal which is possible. Most mixers don't keep any logs or delete after a few days.

The OP primarily wants to hide total donations received from public.
So a gambling site should work too.
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