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Title: Tumblers? Are they legit? Post by: Electric Money on August 05, 2015, 03:55:38 AM Question about tumblers. Any reputable ones out there or is there a need for a stable guaranteed provider? Seems kind of cool for anonymity sake. Help divorcees hide their wealth and so forth. Any thoughts?
Title: Re: Tumblers? Are they legit? Post by: ACCTseller on August 05, 2015, 04:29:49 AM You will need to trust any tumbler/mixer with your money in order to use their services. Based on the number of scams in the bitcoin world, this is often not going to be a bad idea. There are a number of scam sites out there that you absolutely should stay away from, bitlaunder (<-- scam site, do *not* trust) being one of them, even though the person behind it is very good at SEO.
Reputable sites would include bitcoin fog and bitmixer.io, although even though they have acted reputable in the past does not mean they will not scam in the future. A better solution would probably be a service that offers a coinjoin like service. That is when several people will (digitally) meet, and sign a single transaction combining all their inputs, and will have outputs to addresses owned by each of the participants, often with each participant receiving outputs at multiple addresses. This process is often repeated multiple times with multiple groups of people, making it increasingly difficult for an attacker to trace the money |