Legitimate reasons for needing your bitcoin 'washed' - page 2.

DannyHamilton

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Quote from: Wendigo on October 25, 2016, 05:25:35 AM

If you had protected your privacy better, the landlord might not have been so eager to raise your rent

Or you could just whip up your Bitcoin debit card and give some cash to him
[/quote]

Which is just another way of "mixing" your bitcoins and hiding their source, and which results in fees for both you and your landlord as you convert bitcoins to local currency and your landlord converts the local currency back into bitcoins. Furthermore, it may be difficult to send the cash to your landlord if he lives far away or isn't around much, while bitcoins are quite easy to send.

Quote from: Wendigo on October 25, 2016, 05:25:35 AM

If I need to do this procedure every time I am spending coins then hell no.

You don't "need to". It's up to each individual to decide how important their privacy is to them, and how much responsibility they want to take for controling their own wealth.

fortunecrypto

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thecryptocurrency.directory

Privacy and security are the top reason why you want your transactions washed,because there are a lot of tools and softwares and research can trace the owner of a particular address ..

Snorek

legendary

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Why mixing is good/bad is the same question as: Why do you fear government invigilation if you have nothing to fear and are law abiding citizen?

And we have good answer for that:

"Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say." -E.S.

I don't have to share my reasons for mixing my coins, it is my choice.

bitcoinmasterlord

legendary

Activity: 1148

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Once bitcoins go out from your hand, then don't know what purpose people use that bitcoins. If someone uses those for illegal purpose and people can trace back to the original owner. So people would like to mix and avoid any issues in the future meaning privacy.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

To protect privacy is the main and most important reason. I'm not obsessed with some conspiracy theories or government surveillance fear but why revealing some of your private data if this is not necessary. And that is completely legitimate. Hiding some illegal activities is totaly different story.

yayayo

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I'm surprised that someone asks this in a Bitcoin forum. To any Bitcoiner it should be pretty clear that we live in a world of constant surveillance and financial oppression. The government and its bootlickers brazenly invade your privacy in any way they can. They adopt immoral laws and regulations that constantly reduce human rights and freedom. And increasingly, law enforcement doesn't even care if their actions are lawful or not...

In my view, protecting one's privacy is becoming important to ensure survival. Unfortunately, Bitcoin does not yet offer sufficient provisions for privacy protection (i.e. confidential transactions). Therefore users have to resort to alternate methods.

There is zero reason to justify using a mixing service. You don't need to provide justification for exerting your basic human rights. Usage of mixing services should be encouraged and promoted as good practice until Bitcoin itself improves in the privacy field.

ya.ya.yo!

Wendigo

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Quote from: DannyHamilton on October 25, 2016, 02:39:57 AM

You have a legitimate job that pays you with bitcoins.
You rent an apartment from someone that allows you to pay your rent with bitcoins.
You do not do any "mixing".
Your landlord can see exactly how much you are getting paid from your employer by looking at the blockchain every time you pay him.
Your landlord sees that you get a raise from your employer, so he raises your rent.

If you had protected your privacy better, the landlord might not have been so eager to raise your rent (since he wouldn't know if you could afford it and wouldn't want to risk losing a reliable tenant.

Or you could just whip up your Bitcoin debit card and give some cash to him without covering your tracks every month? If I need to do this procedure every time I am spending coins then hell no.

JeffBrad12

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Leading Crypto Sports Betting & Casino Platform

the mainly reason for reaching their privacy but I'm not naive if that's can be used in a bad way anytime and one of example just like for using washing your money because it's come from the bad way, this s fact and that's already giving contribution into the legitimate reason for washing your money.

Jet Cash

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Quote from: ObscureBean on October 25, 2016, 02:31:52 AM

Apparently some people feel that Bitcoins are not all equal, for example a Bitcoin that was once involved in illegal activities is 'tainted' and in their eyes worth less than a 'clean' Bitcoin. Personally I think the whole concept is nonsensical, I couldn't care less about where my Bitcoins come from, my conscience is clear and that's good enough for me. I think it would be unfortunate for Bitcoin if this were to become the norm.

How can you tell if a Bitcoin is dirty? What about those that the US government grabbed from Silk Road.

DannyHamilton

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Activity: 3388

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You have a legitimate job that pays you with bitcoins.
You rent an apartment from someone that allows you to pay your rent with bitcoins.
You do not do any "mixing".
Your landlord can see exactly how much you are getting paid from your employer by looking at the blockchain every time you pay him.
Your landlord sees that you get a raise from your employer, so he raises your rent.

If you had protected your privacy better, the landlord might not have been so eager to raise your rent (since he wouldn't know if you could afford it and wouldn't want to risk losing a reliable tenant.

NorrisK

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Activity: 1946

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Privacy is obviously the most important reason. And privacy can have multiple reasons:

Most people immediately think about illegal activities, but this doesn't have to be the case. Maybe you bought coins in RL from somebody and you don't want them to find out how much coins you have in cold storage. Mixing can help prevent them from following the coins. Especially if they know a lot of details about you, this can be important.

gadman2

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Quote from: AGD on October 25, 2016, 02:28:21 AM

Privacy

ObscureBean

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Activity: 1148

Merit: 1000

Apparently some people feel that Bitcoins are not all equal, for example a Bitcoin that was once involved in illegal activities is 'tainted' and in their eyes worth less than a 'clean' Bitcoin. Personally I think the whole concept is nonsensical, I couldn't care less about where my Bitcoins come from, my conscience is clear and that's good enough for me. I think it would be unfortunate for Bitcoin if this were to become the norm.

AGD

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Keeper of the Private Key

Privacy
National Security

deezn9

newbie

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What legitimate reasons are there for wanting one's bitcoin 'mixed' or 'anonymized?'

Topic: Legitimate reasons for needing your bitcoin 'washed' - page 2. (Read 1336 times)