There are lots of risks involved with using mixers/tumblers. Firstly I just hope that you’re using them for privacy & not for crime or some other kind of illicit activity.
There are many risks as I said, some are that you might end up receiving dirty coins that have been used in crime, then when you deposit them to an exchange to sell they get confiscated/seized.
Another risk is like with the well known mixer Chipmixer, it gets seized just as you are mixing coins. You could lose your money. Basically unless you are very serious about privacy I advise you not to use them.
Topic: What are the dangers of mixer/tumblers - page 2. (Read 321 times)
My interest in the mixer is in Bitcoin forks and nothing fancy like Ethereum (which has zero-trust mixers based on zk-SNARKs like Tornado cash AFAIK) but when looking into existing online mixers they all appear to be 'send me coins and I promise I will send them back' kind of vibe.
Aren't there any zero-trust mixers for Bitcoin or Bitcoin forks? or have I been looking in the wrong direction?
Aren't there any zero-trust mixers for Bitcoin or Bitcoin forks? or have I been looking in the wrong direction?
Seems what you found is a centralized mixer. The recent prominent one goes bust, but there are other options. You can take a look at other services that are advertised here, but just do in mind it is still a centralized option.
If you want to find a solution without centralized intermediaries or any trust, yes, there are a few options. In Bitcoin, there is a thing called Coinjoin, and various implementation of Coinjoin also exists, like Joinmarket, Wasabi, and Whirlpool. Each platform has its own advantages and disadvantages. Specifically about Wasabi, note that it recently implement shady features that you should take a look at before you want to use it.
I think zero trust mixers aren't anonymous enough because it just increase your privacy, make it harder to track where is the original source of your coins. Unfortunately the best Bitcoin mixer has been seized, now there are still many mixers you can use but each mixer work in a different way 2023 List Bitcoin Mixers Bitcoin Tumblers Websites.
I'm not quite understand enough about multi-sig transactions, but my assumption it's still not enough to obscure your original transaction histories.
I'm not quite understand enough about multi-sig transactions, but my assumption it's still not enough to obscure your original transaction histories.
There are various zero-trust mixers for Bitcoin and Bitcoin forks available, but they are not as extensively utilized as centralized mixers that rely on third-party trust. JoinMarket, which employs a CoinJoin mechanism to allow several users to mix their transactions together in a way that obscures their history, is one example of a zero-trust mixer for Bitcoin. Wasabi Wallet, for example, employs a Chaumian CoinJoin approach that similarly obscures transaction history.
Multi-signature transactions can give an extra degree of protection to transactions, however they do not always obfuscate transaction histories. Multi-sig transactions require many parties to sign off on a transaction, which can assist to avoid fraud and enhance security. Yet, because the transaction history remains public on the blockchain, it does not obfuscate transaction histories in the same manner as zero-trust mixers do.
Multi-signature transactions can give an extra degree of protection to transactions, however they do not always obfuscate transaction histories. Multi-sig transactions require many parties to sign off on a transaction, which can assist to avoid fraud and enhance security. Yet, because the transaction history remains public on the blockchain, it does not obfuscate transaction histories in the same manner as zero-trust mixers do.
Hi folks, I was looking around into Mixers/Tumblers the other day and stumbled upon some very good research like the zk-SNARKs and TumbleBit. Two technologies that 'obfuscate' transactions, making blockchain analysis a guess fest.
My interest in the mixer is in Bitcoin forks and nothing fancy like Ethereum (which has zero-trust mixers based on zk-SNARKs like Tornado cash AFAIK) but when looking into existing online mixers they all appear to be 'send me coins and I promise I will send them back' kind of vibe.
Aren't there any zero-trust mixers for Bitcoin or Bitcoin forks? or have I been looking in the wrong direction?
Also, could multi-sig transactions with two or more participants (using a pre-defined amount of assets, ideally inputs are dividable by each other, eg, a multitude of 0.001) be used to obscure transaction histories?
My interest in the mixer is in Bitcoin forks and nothing fancy like Ethereum (which has zero-trust mixers based on zk-SNARKs like Tornado cash AFAIK) but when looking into existing online mixers they all appear to be 'send me coins and I promise I will send them back' kind of vibe.
Aren't there any zero-trust mixers for Bitcoin or Bitcoin forks? or have I been looking in the wrong direction?
Also, could multi-sig transactions with two or more participants (using a pre-defined amount of assets, ideally inputs are dividable by each other, eg, a multitude of 0.001) be used to obscure transaction histories?
I wouldn't recommend suspicious mixers since it is just so easy to scam people on this kind of website, when you send your funds to them they just don't send it back to you. There are actually tons of scam mixer websites so just avoid them completely :Scams Bitcoin Mixers List and Services closed.
There are also chances to get involved in some illegal transactions because the mixer was used to not detect its history so it was used in a lot of them so it's always a big risk especially if you're going to send big funds. So I suggest just using mixers that the forum trusts so you would actually get scammed since there are members that already tried using that mixer, But still, be careful recently Chipmixer is one of the most popular mixers here in the forum was shut down and probably related to the illegal transaction so I guess just do a lot of research first before doing it as long as you finished your transaction it doesn't really matter.
If zero trust is your standard, I guess you cannot find one exactly. I am not familiar with each and every Bitcoin or Bitcoin fork mixers, but there are only a handful of them. And with the loss of Chipmixer, I guess what's left are a handful of smaller actors. But it can't be zero trust when you are required to send them your coins in the first place. And as mentioned by hd49728, you will also trust that these tumblers would be true to their words that logs will be deleted.
when looking into existing online mixers they all appear to be 'send me coins and I promise I will send them back' kind of vibe.
From this, there are many scam mixers, tumblers in history. You send them coins and never receive any coin back.Another serious issue with third-party mixer/ tumbler is you never know what they do with user data including yours. They can write in their service terms that they will delete all log data after each session like 7 days but in reality, they might not fulfill it for their users.
Recently when Chipmixer was sezied, from report we can see there are 7TB data gotten by authorities.
Coin mixing services allows you to make transactions anonymously, but bad actors have keep using this services for criminal activities, that's why the government are going after any mixer services in crypto space, I would refer to use Bitcoin lightning network instead, it's a safer option as this ensures privacy for any Bitcoin transactions.
Another way would be to use trustless bridges, bridge to monero and out to another chain.
Mixers will keep getting handicapped by governments and regulations.
Mixers will keep getting handicapped by governments and regulations.
Hi folks, I was looking around into Mixers/Tumblers the other day and stumbled upon some very good research like the zk-SNARKs and TumbleBit. Two technologies that 'obfuscate' transactions, making blockchain analysis a guess fest.
My interest in the mixer is in Bitcoin forks and nothing fancy like Ethereum (which has zero-trust mixers based on zk-SNARKs like Tornado cash AFAIK) but when looking into existing online mixers they all appear to be 'send me coins and I promise I will send them back' kind of vibe.
Aren't there any zero-trust mixers for Bitcoin or Bitcoin forks? or have I been looking in the wrong direction?
Also, could multi-sig transactions with two or more participants (using a pre-defined amount of assets, ideally inputs are dividable by each other, eg, a multitude of 0.001) be used to obscure transaction histories?
My interest in the mixer is in Bitcoin forks and nothing fancy like Ethereum (which has zero-trust mixers based on zk-SNARKs like Tornado cash AFAIK) but when looking into existing online mixers they all appear to be 'send me coins and I promise I will send them back' kind of vibe.
Aren't there any zero-trust mixers for Bitcoin or Bitcoin forks? or have I been looking in the wrong direction?
Also, could multi-sig transactions with two or more participants (using a pre-defined amount of assets, ideally inputs are dividable by each other, eg, a multitude of 0.001) be used to obscure transaction histories?
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