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Topic: Open source coinmix for Tor? (Read 1190 times)

member
Activity: 119
Merit: 100
BitcoinMoxy.com
July 09, 2013, 10:51:41 AM
#4
Since no one offered a second opinion:

An open source coinmixing solution enabled for Tor can be useful for the following reasons:

- being open source we can ensure that the code is reliable
- running a coinmix on Tor will offer anonymity for both users AND the operator (a clearnet coinmixing service such as blockchain.info can not be fully trusted to not forward records to the government, possibly rendering your mixing efforts useless
- self-governed use/diversity: you get to run your own coinmix and have an income on fees from others using your service; as a user you get to choose from a number of identical services and use the one that's most reliable and reputable.

Minimizing risk is as simple as testing with small amounts or using incremented transactions to shuffle your coins. As an operator, you could also limit the amounts of coin processed by your mixing service to be in line with how many funds your service has available for the purpose of mixing, depending on your target audience and the scale of your service.

Why use a coinmixing service at all?
- for when you're doing things illegal in your jurisdiction
- to evade surveillance (re-establish privacy)
- to prevent the public from seeing how many funds you have in your wallet when making payments

Just a drug marketplace and a UK-based company can't be diverse enough, with all the news as of late.

Any chance of crowdfunding development of such a service until revenues can be created from running the service itself?

(Can't believe there's no demand for this.)



member
Activity: 119
Merit: 100
BitcoinMoxy.com
July 03, 2013, 12:59:38 PM
#3
Any second opinion?

LHB
newbie
Activity: 58
Merit: 0
July 03, 2013, 10:47:14 AM
#2
who would go first? untraceable anonymous money given to an untraceable, anonymous website.

I'd use the SilkRoad's automatic wallet mixer then send to blockchain.info to finish the job

Trust would take years to build up for some unknown tor start-up mixing service
member
Activity: 119
Merit: 100
BitcoinMoxy.com
July 03, 2013, 10:34:31 AM
#1
Do we have an open source coinmix that runs on the Tor network?


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