Please critique this KYCed Bitcoin anonymization method. - page 2.

Flyingbeaver

newbie

Activity: 14

Merit: 5

Quote from: seoincorporation on December 11, 2022, 01:44:36 PM

The method you propose isn't bad at all, I mean you reach the goal when you change the BTC for XMR... But we have to spend a lot on transaction fees and exchange fees, and I don't like that part. It would be cheaper and easier just to send the bitcoins to a mixer service like chip mixer.

Even sending all your BTC direct to bisq swap all to XMR and withdraw would lose the trace of them, that's why I don't get at all the extra steps you do by dividing the amounts 70-30.

The problem is swapping them back to btc

Flyingbeaver

newbie

Activity: 14

Merit: 5

Quote from: BlackHatCoiner on December 11, 2022, 12:57:56 PM

Quote from: Flyingbeaver on December 11, 2022, 12:52:18 PM

And then immediately...

Why are you in such rush? Tongue

Gotta be in and out Cheesy

It's just to clarify on the time period between the transactions, that this method does not involve spacing out the transactions. That way if it's crucial that it be spaced out, someone can point that out, as you have Wink

Quote from: BlackHatCoiner on December 11, 2022, 12:57:56 PM

Also, what's up with the other threads? You've already asked similar questions there, and got quite good responses.

This thread is based on those good answers. It summarizes eveything suggested there in a clear, concise manner to be critiqued

seoincorporation

legendary

Activity: 3346

Merit: 3130

The method you propose isn't bad at all, I mean you reach the goal when you change the BTC for XMR... But we have to spend a lot on transaction fees and exchange fees, and I don't like that part. It would be cheaper and easier just to send the bitcoins to a mixer service like chip mixer.

Even sending all your BTC direct to bisq swap all to XMR and withdraw would lose the trace of them, that's why I don't get at all the extra steps you do by dividing the amounts 70-30.

DaveF

legendary

Activity: 3500

Merit: 6320

Crypto Swap Exchange

3 things.

1) You have to download and install bisq and do a few other things, there is no 'create an account' you have to have it running on a PC you control.
1a) I don't think there is a BTC <-> XMR on bisq

2) besides that 100% what BlackHatCoiner wait at let things sit for a few hours. If I am looking for you and know you are going to be moving coins in a certain time frame tracking becomes easier if you are doing it all within a few conformations. Get a beer, catch a movie, take a nap, whatever.

3) You are going to pay a lot in fees unless you are talking $1000s of dollars it's going to be a large % of the BTC

-Dave

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: Flyingbeaver on December 11, 2022, 12:52:18 PM

And then immediately...

Why are you in such rush? Tongue

Doing things immediately isn't good for privacy, whether you exchange bitcoin, monero, cash or potatoes. If I knew that you'd exchange your assets immediately, I'd have much less percentage of activity to work on (to deanonymize you).

Also, what's up with the other threads? You've already asked similar questions there, and got quite good responses.

Flyingbeaver

newbie

Activity: 14

Merit: 5

1) Send KYCed BTC to a new address from Electrum mobile wallet operating on a new dedicated Android user profile (1).

2) Create a new Bisq account through Tails on a public computer/location/ip #1. ~~And then immediately...~~

3) Send all the BTC from Electrum to Bisq.

4) Convert the BTC in Bisq to XMR all at once. ~~And then immediately...~~

5) Send all the XMR in Bisq to a single newly created Monero wallet and address on a Live Linux USB on computer/location/ip #2. ~~And then immediately...~~

6) Send %70 of the XMR in the Monero wallet to a new Robosats account created through the Live Linux USB on public computer/location/ip #3. ~~And then immediately...~~

7) Convert all the XMR in RoboSats to BTC.

8 ) Send the remaining %30 of the XMR in the Monero wallet to a new LocalMonero account created through the Live Linux USB on public computer/location/ip #4. ~~And then immediately...~~

9) Convert all the XMR in LocalMonero to BTC.

10) Send all the BTC from RoboSats and LocalMonero to a newly created Electrum mobile account and address on a new dedicated Android user profile (2) with a dedicated VPN on the same phone as step 1.

Topic: Please critique this KYCed Bitcoin anonymization method. - page 2. (Read 271 times)