Topic: Why Bitcoin need Mixer services! - page 2. (Read 369 times)
Living in a society wherein the word 'anonymous' is synonymous to 'shady' and 'illegal,' you'll surely have groups of people opposing the idea of anything normal done in anonymous ways, and mixers are no exceptions. While true that there are people who use mixing services to cover-up their nefarious doings, there are some of us left that wants to just dilute our spending activities from the watchful eyes. I get the sentiment of some people accusing mixers as a tool to cover-up fraud and scams but anonymity is also important nowadays given the left and right leaks of information, hacks and whatnot that is already plaguing the society.
Mixer services should not be branded as a tool for criminals
Media and people like very much to "label" everything around them, to make a clear black vs white distinction.
The fact the mixers can be used also for bad made everything easy. Of course, many forget that US Dollar can, in the same way, be used for good and also for bad.
I've got used with this kind of labeling. It's exactly the same with anonymous coins. Many don't want to understand that the correct level of privacy doesn't mean everybody want to misbehave.
Let's take the credit card companies as an example for this explanation. When a credit card is reported stolen, the service provider are notified and the credit card is blocked. They are able to do that, because they have 100% control over that technology.
Now, let's apply this scenario to a Bitcoin address, where major merchants can be notified to block any transaction, that are coming from that address. Let's say you donated money to Wikipedia and your government does not like that, well they can link that address to you, if you re-use that Bitcoin address at any of these companies and they can push that information to a wide selection of other merchants and services that accepts Bitcoin payments and order them to block payment received from that address.
Ok, that might sound extreme in the 1st world countries, but a lot of dictators in 3rd world countries will not hesitate one second to do that to their citizens, if they had the technology enabled to do that.
Also, if people knew your Bitcoin address and they linked that to your personal information, then they will be able to gather a lot information from that one address. They will know how much money you have invested in Bitcoin and also what your spending habits are and even where you live.
This information in the wrong hands, can be very dangerous, so YOU have the right to hide that information by any means possible. This is where the Mixer services comes in handy. :->
Is this legal? Probably not in most countries, but it just gives you the same level of anonymity, similar to when you withdraw cash from a ATM and spending it randomly at merchants.
Does this help criminals to hide their identity too? Yes, but as we have seen with the Internet, technology comes with it's advantages and disadvantages. The internet are used to distribute child pornography and enables terrorists to communicate and it is also used by money launderers to launder their dirty money, BUT it is used a lot more for legal things like emails / browsing useful information / ecommerce / social media etc.
Mixer services should not be branded as a tool for criminals, but rather be applauded for it's contribution to our financial privacy and protection from all the criminals and Con artists out there.
These are just some of the reasons why we should use Mixer services to protect our financial privacy, there are lots more. {Financial Stalking /Bribery/Selective Marketing based on individual spending habits/Kidnapping to name a few}
Now, let's apply this scenario to a Bitcoin address, where major merchants can be notified to block any transaction, that are coming from that address.
Ok, that might sound extreme in the 1st world countries, but a lot of dictators in 3rd world countries will not hesitate one second to do that to their citizens, if they had the technology enabled to do that.
Also, if people knew your Bitcoin address and they linked that to your personal information, then they will be able to gather a lot information from that one address. They will know how much money you have invested in Bitcoin and also what your spending habits are and even where you live.
This information in the wrong hands, can be very dangerous, so YOU have the right to hide that information by any means possible. This is where the Mixer services comes in handy. :->
Is this legal? Probably not in most countries, but it just gives you the same level of anonymity, similar to when you withdraw cash from a ATM and spending it randomly at merchants.
Does this help criminals to hide their identity too? Yes, but as we have seen with the Internet, technology comes with it's advantages and disadvantages. The internet are used to distribute child pornography and enables terrorists to communicate and it is also used by money launderers to launder their dirty money, BUT it is used a lot more for legal things like emails / browsing useful information / ecommerce / social media etc.
Mixer services should not be branded as a tool for criminals, but rather be applauded for it's contribution to our financial privacy and protection from all the criminals and Con artists out there.
These are just some of the reasons why we should use Mixer services to protect our financial privacy, there are lots more. {Financial Stalking /Bribery/Selective Marketing based on individual spending habits/Kidnapping to name a few}
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