Topic: Newbie and Taint (Read 718 times)
Yes, still learning what taint even is.
thank you for the help!!
I think a lot of newbie confusion surrounds the unfortunate use of the word "taint". I think a better word would have been something like "coin diffusion." Taint is not a pejorative; it's simply the word used to describe the % of your coins that can be traced back to various other addresses.
According to Blockchain.info's definition of taint, all but newly generated coins contain taint. I argue here (https://bitcointalksearch.org/topic/untaint-for-a-fee-using-out-of-band-transactions-and-large-mining-fees-499529) that a broader definition of taint, or coin diffusion, would even show that newly-generated coins can be traced back to numerous other addresses due to transaction fees included in the coinbase transaction.
Coins are fungible and you have nothing to worry about (despite the fear spread by certain posters here). In fact, it is good to employ CoinJoin transactions (you said your funds came form many addresses) so that both you and the sender enjoy enhanced privacy on important financial transactions.
I've received a payment for something in Bitcoin. The sender used blockchain.info's "shared send" to send to my account and it looks like it's coming from many addresses.
If I deposit this into an exchange like bitstamp, is this considered taint and will they cause issues with it? Especially of course if I would try to withdraw my coins?
We're talking a few thousand dollars-
I'm not aware of any exchange or legitimate service taking the concept of "taint" seriously. Bitcoins are fungible. Any legitimate service recognizes this fact.
Now, if you received directly from stolen bitcoins, you might find law enforcement knocking on your door and asking where you received them from.
I've received a payment for something in Bitcoin. The sender used blockchain.info's "shared send" to send to my account and it looks like it's coming from many addresses.
If I deposit this into an exchange like bitstamp, is this considered taint and will they cause issues with it? Especially of course if I would try to withdraw my coins?
We're talking a few thousand dollars-
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