Topic: Wallet mixers-what are they and are they useful? (Read 141 times)
Thanks for the info guys. I am just trying to learn as I go here, and as I get more and more money invested, I would like more anonymity.
What is the purpose of the wallet mixing function with coins such as ARGO, RACE, and others? I believe that I understand correctly in that they use a masternode to attempt to hide coins from being traceable in the blockchain. But can't this be accomplished already by just creating multiple new addresses in the same wallet and sending the coins out in different denominations than they were received?
mixing of wallet is not advised for use becuase:
1- your security will be in risk
2- operation of this wallets may be have some unpredictable problems
so I advise use the original wallet of each coins
What is the purpose of the wallet mixing function with coins such as ARGO, RACE, and others? I believe that I understand correctly in that they use a masternode to attempt to hide coins from being traceable in the blockchain. But can't this be accomplished already by just creating multiple new addresses in the same wallet and sending the coins out in different denominations than they were received?
mixing of wallet is not advised for use becuase:
1- your security will be in risk
2- operation of this wallets may be have some unpredictable problems
so I advise use the original wallet of each coins
If you really think your privacy matter, use coin mixer. For example you want to send bitcoin to someone but you dont want that person know that you send from that address or you just dont want to everyone know that you send money to that spesific person, so u use wallet mixer. How it work is like this, so you send your money to the mixer wallet, another wallet then send your money to the receiver. when someone check your transaction history it will show the address of that mixer wallet not your friend who receive the money.
I think that when the coins are mixed, they are all transferred to a central address which has temporary all the coins to be mixed from many other users and then the coins are distributed to the recipients.
By doing this no one knows who was the coin's initial owner. If the initial amount will be split into much more addresses than before, the owner cannot be traced.
But if one owner has more coins that the other owners have then it is logical that all know that the coins return to him,
By doing this no one knows who was the coin's initial owner. If the initial amount will be split into much more addresses than before, the owner cannot be traced.
But if one owner has more coins that the other owners have then it is logical that all know that the coins return to him,
Does anyone have a better understanding of this?
Thanks for the input vibingpositively, you seem to have a better understanding than I do. Anyone else have a better understanding of the issue?
I don't believe it would but I am no expert on the matter. How I view it (and I could be very wrong, correct me if so) is that once you receive the coins lets say they are in address A if you want to send from address B then you still need to send to address B in the first place. Either address B has 0 coins because it wasn't sent to or it has 1 coin but that coin knowingly came from address A. They may not originally know that you are you under address B but once they do a simple retrace they will see the coins came from address A which came from address X. Don't think it would work.
What is the purpose of the wallet mixing function with coins such as ARGO, RACE, and others? I believe that I understand correctly in that they use a masternode to attempt to hide coins from being traceable in the blockchain. But can't this be accomplished already by just creating multiple new addresses in the same wallet and sending the coins out in different denominations than they were received?
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