Topic: Let me know if I am getting this right. (Read 2094 times)

Can I ask what the heck "Like right now I was requested to locate some info that is worth a few thousand $. After several weeks I got the info needed" means you do?

I think the week spot is you will want to withdrawal it someday on BTC address.  Once you do that address is linked to you.  One mistake and the whole thing falls apart.

put them into a large insured  exchange ,they will probably get sent to the cold wallet
with 200,000 other  btc

the coins you withdraw 24 hours  later will most likely  be differnt ones

you should mine bitcoin then and use a mixer, if you really want a good anonimity

mining ensure complete anonimity to gain bitcoin, and with a good mixer you can add anonimity to your transactions, the problem is that mining is not really profitable...

Many people from the dark side got burnt recently when they had been using a Blockchain.info wallet through TOR. As I got it, Blockchain.info now denies access to its wallets through TOR nodes. Regarding the question the OP asks, why not exchange bitcoins (or fiat) for darknotes and then back to bitcoins? If I'm not mistaken, they provide round-robin style anonymity, so no one will essentially be able to trace him...

But what would happen if the coins you receive back from a mixer or from withdrawing your coins from an exchange come from criminal precedence?
For example, im a good guy not doing anything illegal I just want to stay anonymous for the sake of it. I use a mixer, but then those coins come from a criminal activity. Isn't this defeating the point or im missing something?

I am getting ready to ask another question using another thread. However this thread got me some really good info and I just wanted to thank all of you for your input on this and other threads I have posted here. You guys are very knowledgeable and I thank u.

You need to go buy a bitcoin like anyone else here would near a local area by using localbitcoins.com.

From there plan out ahead on discussing rates, if you were to be a constant regular then just a 1 time thing.

If you are doing a cash business fix a rate based on the volume you bring in for the seller, the question is now if the seller is large enough to do this for you.

If not, then you`ll have to repeat the process finding multiple local channels.

Are you stating that you are only going to be accepting payment for services rendered in crypto?  Maybe I'm missing some key piece of info here, and I've been following this thread.  I assume you are eventually looking to transfer the BTC you receive for services back into fiat, yes?  Any exchange you use for that purpose (coinbase, circle, etc) will have at least some level of KYC involved - usually via your linked bank account and credit cards.  Have you considered localbitcoins.com?

if properly mixed the. coin shouldn't be traced back to u also the use of exchangers and altcoins works as well.

No, not cash anymore. See I have always done business by cash. However as dangerous as it has always been I was able to use a middleman. I lost the two I was using because, well one got married and it was hard for him to continue. The other had a situation. So then I started having to take the risk. Then I had a situation last year and here I am. If I were dealing cash only as I used to then it would be no problem at all.

So for now forward it will be done with crypto only. Thus I am learning everything I can as soon as I can. While working on getting a current order together - which worked out sooner than I expected I am now having to scramble to get this all figured out and working.

I know I can do everything 100% on my side and it only takes one person to mess up. So that's why I am not out looking for another runner. I am not gonna take the chance to make a mistake and trust someone I shouldn't. Again, if I use crypto then I am the only person I need to be concerned with. And trust me when I say. When the stakes are high. You cannot trust anyone other than yourself.

If DPR didnt  fuck up by using his real name to do stuff at the start silkroad 1 might still be running to this day  

online  payments can be obscured in many ways but real life fuck ups can take you down

So you're planning to buy Bitcoin using cash? Then you're already buying it anonymously in the first place, right? No KYC, nothing.
Why do you want to go those extra miles to buy-trade-sell highway if you're buying it anonymously in the first place?

No butterfly here. I have been doing this for years. Just now I need a much safer method of getting paid. Dealing with a bullet makes you rethink the weakness in the system you've used for many years and that is where I am.

You might evade tracking for a while but if someone is looking they can find you and it all goes back to how careful you are too.  Are you a social butterfly?  People will ask questions.  It's not always as simple as a secure digital wallet or the latest hashing technology.

DannyHamilton, your points are taken. However let me ask you. Lets say they have the subpena powers needed and could threaten someones life. BUT with everything you said your talking about putting a lot of resources into the effort to track a few thousand dollars. I understand the point your making and that is defiantly what I am looking for. But lets the reward on their side for one transaction is going to be catching someone that is trying to hide their tracks of where $15.000 went. Would it be a realistic senerio for law enforcement or a PI to this much into hunting it. At some point it becomes counter productive on their part. Now I am not talking about hundreds of thousands or millions of dollars. What are your thoughts here?

Please don't take it as me saying your not giving good info. I am taking in everything because I need to learn. But what are your thoughts on the above. Thanks

If you're worried with IPs just use a Blockchain.info wallet through TOR, they even have an onion address, https://blockchainbdgpzk.onion .

I am doing this by memory. I cannot pull up the links I have read. This is one link I did find that I am taking some info from. https://bitcointalksearch.org/topic/is-this-a-good-way-to-make-coins-anonymous-or-perhaps-overkill-786544   - but I did read somewhere that bitcoins are linked with an "internet like link" and it is designed this way for the purpose of tracking.
And in this link http://bitcoin.stackexchange.com/questions/11580/how-untraceable-is-bitcoin on point 3 they say they are traceable, but may not be traceable directly back to me. But could be if enough work and effort is put in.
A few places I have read say the ip address IS directly connected to bitcoin transactions going very far back. One post I saw said that having a verifiable ip connected to any "chain of custody" of bit coin transactions can be and will be tracked back to any certain point in time if there is a need.

An example given to me in a private conversation from someone who has done what I am trying to do said that you should not allow an ip address to be connected to any bitcoin transaction and to run different bitcoin values through different mixers and wallets and he did mention using some bit coin to buy Darkcoin and then move it back to bitcoin varing the amount and times to make it as clean as possible.

As an information broker, you must be aware that true anonymity is difficult.  Whether you are able to prevent someone from tracing the payment to you depends on who you are hiding from, what resources they have access to, and how motivated they are to find you.


Bitcoin isn't a container.  You don't put cash into it.  It is a currency.  So if you have local currency, and you want bitcoins, you can exchange your local currency for bitcoins (just like you might exchange local currency for dollars, or euros, or yen).


Again, you aren't "moving" cash from one container to another, you are exchanging currencies.  You could exchange bitcoins for some other currency (such as "Monero, Darkcoin, Ripple, Litecoin or whatever"), but how can you be certain that the exchange that you are using (or the person that you are exchanging with) won't reveal your identity to someone when they are asked? Even if they don't have your identity, they'll know what transactionID you used to send them the bitcoins, and they'll be able to identify the transaction that they used to send you the alternate crypto currency.  The entity attempting to track you may then be able to trace your transactions through the alternative crypto currency.


If the entity attempting to identify you is able to determine who you sent the original bitcoins to and can convince them to give up the necessary information about the alternate crypto currency that you acquired, then they may be able to determine who you eventually sent the alternate crypto currency to and convince them to give up the necessary information to identify the new bitcoins that you acquired.


As I said, it really depends on how many resources the entity that is trying to identify you is willing to put into that effort.  Will they have subpena powers?  Will they be able/willing to threaten the lives of people that you interact with along the way?  Will they have access to extensive computing power and forensic accounting processes?

Additionally, the more transactions that you complete this way, the more financial and informational crumbs you are likely to leave behind for them to follow. It might even be possible for the entity that you are trying to hide from to set up their own crypto exchange so that when you are exchanging bitcoins for alternate crypto (or alternate crypto for bitcoin) you are unknowingly interacting directly with the entity that you are trying to hide from.

Well, whatever you're trying to do to destroy blockchain evidence probably isn't your biggest worry. Nobody gets caught through that. Anyhow, your logic is technically sound.

Your plan is needlessly complicated. The purpose of a mixer is to give you new coins that are not connected to your old coins in any way. You don't have to switch currencies to "break the blockchain". A good mixer should be sufficient.

Even just depositing and withdrawing coins at an exchange can also be sufficient because it works just like a mixer: the coins you withdraw are not connected (in any meaningful way) to the coins you deposit because they come from a wallet shared by all customers. For example, if you send your coins to localbitcoins and then sell them, the buyer will get coins that are not connected to your original coins.

The drawback to using mixers and exchanges is that they keep records of your transactions, effectively maintaining the trail, though not in the block chain. Please note that simply switching currencies does not help because these transactions are also recorded.

The only way I know to break the chain completely is to switch to an anonymous currency, such as Darkcoin, which has anonymous mixing built in.

TOR has no effect on how transactions are recorded in the block chain. It prevents sites you are connected to from knowing your IP.


Blockchain.info's shared coin is not completely anonymous because it is susceptible to statistical analysis.