Topic: Is this real? 50 'clean' Bitcoins for 80 'dirty' Bitcoins?? (Read 3741 times)

most probably it is a scam (even without actually looking at it)
however the larger issue with bitcoin's fungibility is here to stay. this is only the beginning and this whole issue has only recently started being brought to light.
big fish scammers' bitcoins are easily traceable and they cannot simply withdraw the funds as presently most people naively think.
imagine stealing 5k bitcoins - how would you cash out? certainly not on an exchange and doing boatload of localbitcoins transactions is not feasible (and also traceable because you have to physically meet people and get discovered by police after some investigative work (cameras all around, witnesses, etc))
this is why bitcoin is flawed with its initial promise of true digital cash - and why it is a clever way of having actually more control from the government than fiat paper money which is perfectly fungible (and thus being on its way to extinction in the coming decades).
we are in the early stages of establishing a market for tainted bitcoins and discovering their true worth.
i would certainly not want to have tainted coins and the feds knocking on my door with questions. how much of a premium is it worth?
i could certainly understand if criminals who stole millions in bitcoins would happily cash out even with a 50% "loss" - it is better to have a million in the pocket rather than peanuts they can really cash out without raising suspicion (sure they can buy a lot of coke on black markets - but it is a fishy business selling the coke not to mention you cannot really buy a house or anything with high value with cash anymore).

I'm saying I don't think it's likely to remain that lax very long. I wouldn't be surprised if, somewhere down the line, exchanges were required to routinely submit their logs to the appropriate authorities. Whether this is likely to matter to you is a different thing. Most people don't need to protect themselves against anyone actively trying to figure out their finances. For the kind of mixing the majority of users should be doing, an exchange will do fine. (e.g. you're selling BTC face-to-face and don't want your buyer to know they could just bash you repeatedly with a wrench to get you to hand over your stash of hundreds or thousands of BTC they found out you have by following your transactions...)

edit: yes, yes, I'm just arguing for the sake of it...

This is exactly what I'm thinking too, I know some people would gladly exchange their coins for newly mined coins for a fee, but even for enthusiasts and collectors 30 BTC is too much.

OP can you give us a link?

thats if you go for tier 2 registration..( converting to fiat )..

but if u set up a dummy account with a dummy email using a proxy just to deposit funds and then withdraw to a fresh bitcoin address.. you instantly have no taint following you.

it would require a court order to demand records of non fiat transactions. and by the time they get it the coins have passed 10 peoples hands.

i personally wish the druggies would just use Dashcoin and then let them chose if they want to circle jerk each other.. or swap it for bitcoin in their own exchanges, thus freeing bitcoin from any taint issues

It's pure nonsense. There are plenty of ways where you can get other(clean) coins in return for just a small amount. No one will fall for this. If there is some one falling for this, then that person is just dumb.

This is obviously a joke, how can they even know that the Bitcoin that the customer giving is clean.

there are a lot of logical way to clean coin, also use an exchange "mint", or spend it and then cash out in fiat.
and even, after you receive in a new address, who care?
btc as fiat are cleanable without problems, this is not a bad point because the "Government" can seize fiat, but not all time btc

This is crazy. I hope no one is willing to pay that much money for "clean coins". It shows the problem of Bitcoin with lack of fungible features, cause u got all those people being paranoid about the transaction history for their coins which sometimes are willing to pay an extra for those untouched coins. We need to do something about this so every coin is the same!

There have been cases where coins from major hacks were moved to exchanges only to get frozen there by the exchange and returned to its rightful owner.

This way, they can avoid exchanges with dirty coins, moving the problem to a new user. Also, all traces are gone for them.

Mixers are probably a much better bet, but I doubt they can clean large amounts of coins, die to a high percentage being your own coins.

They will just sell the 50 BTC they scammed from other people that thought they would get cheat dirty Bitcoins but received nothing.

But they will need your coins to keep the business alive

Op, can you share with us the name of the washing site? I have never heard about such sites. It is charging 37.5% fees for converting  dirty to clean

i don't sure; clean and dirty doesn't really a matter since you cannot find the origin of the bitcoin easily.
FYI if we could figure out the dirty coins origin easily, then almost 100% of the scammer from such bitcoin fraud would be down already. and the value of bitcoin isn't ever going down because of the "dirty" or "clean" mattering.

got it, it is actually paying out BTC80(dirty) for BTC50(clean), i am now editing my reply to correct it.

Seems legit. I wonder why would someone trade their 80 BTC(dirty) for 50 BTC(clean). :O
Also, which website are you talking about?

Um, read the opening post. You lose 30 coins in the process of getting 'clean' ones back. If it was the other way around it would be such a blatant scam it wouldn't even be worth discussing at all.

You have to assume the exchange logs your activity. If it's legitimate then it's subject to law enforcement forcing them to supply those logs. In fact, it's hard to describe any exchange that doesn't comply with KYC requirements as legitimate. I expect the ones that allow you to withdraw any currency without providing ID will come under increasing legal pressure. If the owners of an exchange can be identified, assume any logs they have will be revealed to authoritied sooner or later.

any examples? we wanna know more about it.


i mean how could you ever gain another BTC30 by mixing out BTC50 to the others you don't know like in the darknet?
this seems to be majorly profitable but not even affordable to do and have a certain risk.  

I am not really convinced that it is necessarily a scam. There are a lot of "businesses" in the DarkNet which are observed by official authorities. Therefore, they could not convert those "dirty Bitcoins" into fiat money without much afford. So, they said themself: It is better to get 2/3 instead of nothing.
Also, there are some honest exchange services in the DarkNet which do such an conversion. The usual dirty/clean Bitcoins conversion rate is at 50-70%.

I don't care also even I don't know How I can know when I earn some Satoshi if it's dirty or clean.

It's not really too good to be true though, is it? Paying 80 coins in return for 50 is a fucking dismal deal in anyone's book. Still, plenty of room for scamminess all the same.

Sounds like an obvious scam.  I dont know how many time i have to repeat this and everyone knows it.  "if it sounds to good to be true it usually is"