Pages:
Author

Topic: Why are mixers necessary? - page 2. (Read 383 times)

copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
August 09, 2020, 05:16:33 PM
#6
-
...It will not directly link to your personal information, but once your address marked as a scam, mixers services will not accept your bitcoin to mix, theoretically, --they will hold and freeze your bitcoin.

..

Sorry but this is fake.
Show me a single link/article saying a mixer froze the funds because it was sent from a scammer.
Mixers have been mixing very large transactions coming from hacks (the Twitter hack as the latest exmple), or whatever. Why didn't they block the bitcoins so.
Why mixers are more and more actively used on dark markets?

If a mixer starts to do this, it will lose its reputation the next day. What you say is a real shit

...

-1: You don't want people to know how many bitcoins you have on your wallet
-2: You don't want people to know the address 1abcdefghijkl is owned by Oshosondy
-3: You don't want people looking at spending patterns
-4: You don't want to know the address owner of 1abcdefghijk is leaving at 123 avenue of liberty 75000 New York  and to see people visiting you at home to kidnapp you. (similar story happened before)

As you say Bitcoin transactions aren't anonymous, this is why we use to say "pseudo-anonymous". Above are couple examples you can think about

legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
August 09, 2020, 05:11:08 PM
#5
Can they make bitcoin transactions still anonymous? Or please, what is the function of bitcoin mixers?

There are many mixer services out there and they have many different ways to mix a coin.

Mixing bitcoin can make your transaction anonymous and clean.
Some people want to use a mixer because some exchanges like Coinbase if your Bitcoin is from Gambling casino there is a big chance that they will suspend your Coinbase account. That's why you will need a mixing service to mix your coins that can help to avoid Coinbase suspension as a sample.

Other people to use a mixer for transferring their funds from other exchanges because there are some exchanges that do not allow to transfer from other exchanges. Or some thieves want their stolen Bitcoins to mix to make their Bitcoin clean and anonymous.

There are many different functions like Coinjoint it looks like shuffle coins from other owners and you will receive mixed coins.
Or the unique mixing method from Chipmixer where you can instantly receive Bitcoins after 1 confirmation they don't need to shuffle the coins because they already have mixed coin.

Similar questions below:

- What is Bitcoin Mixer?
- Why need to use a Mixer?
- Is Bitcoin Mixer a must?
hero member
Activity: 994
Merit: 593
aka JAGEND.
August 09, 2020, 05:01:58 PM
#4
Ideally, a mixing services is not needed. Those service was established to targeting a specific market segmentation. For example,
1. Serving consumers who prefer more privacy and anonymity.
2. Serving consumers who owned lot's of btc.

Apart from your question above, I want to ask. With the recognition of btc as one of payment instrument (as happened in DC). Is this mixing services still needed? Because when we talk about "money" in current ecosystem. Sender and receiver must have clear identities. And these mixing services can be categorized as one of the money laundry activities.


Yeap. Post above my comment can be categorize as "money laundry" based on current financial ecosystem.

sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
August 09, 2020, 04:57:20 PM
#3
Well, here is a simple image to understand you most.

[credited from google]
Or this thread made by @RapTarX [ https://bitcointalksearch.org/topic/what-is-bitcoin-mixer-5106873 ].

It is pseudonymous, the transactions can be transparent and perhaps can be trace but a less chances. It will not directly link to your personal information, but once your address marked as a scam, mixers services will not accept your bitcoin to mix, theoretically, --they will hold and freeze your bitcoin.
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
August 09, 2020, 04:24:20 PM
#2
Basically, they mix up different transactions making it difficult to know the source of inputs in a transactions. Transactions are anonymous, but transparent making it possible to track and monitor, hence building a pseudo identity around a couple o addresses which can be linked to one person.
I could own an address which is public on the forum, but would want to send bitcoins to another which isn't without linking it to my forum identity. This is where mixers would help to maintain privacy.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
August 09, 2020, 04:19:46 PM
#1
I have been wondering what bitcoin mixers can offer me. With what I have read on this forum, bitcoin transaction is not anonymous, because it can be tracked using blockchain explorers. I do not know much about bitcoin mixers, can they make bitcoin transactions still anonymous? Or please, what is the function of bitcoin mixers?
Pages:
Jump to: