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Title: BitLaundry mechanism Post by: hp0 on April 16, 2013, 05:16:36 AM topic closed
Title: Re: BitLaundry mechanism Post by: OdinHephaestus on April 16, 2013, 05:29:15 AM Hi everyone, I have a little question about bitcoin laundry (http://app.bitlaundry.com/). As website says in "how it works" section process works like that: Quote 1. Imagine that Alice wishes to send Bitcoins to Bob. What Im interested in right now is exactly point numer 7:2. Bob, sadly, is not well liked. Alice would rather not have anyone know that she sent Bob Bitcoins. 3. So, Alice enters Bob's Bitcoin address into the form at BitLaundry, and selects a delivery schedule. 4. Alice gets a one-time-use address from BitLaundry. 5. Alice sends her Bitcoins to that address, and they get all mixed up with BitLaundry's other Bitcoins. 6. BitLaundry waits until Alice's Bitcoins are received with 10 confirmations. 7. BitLaundry deletes the database link between the one-time-use address and Bob's address. 8. BitLaundry sends Bitcoins out to Bob according to the delivery schedule. Quote 7. BitLaundry deletes the database link between the one-time-use address and Bob's address. I am newbie and I would like to know- how it happens? A BitLaundry has the ability to delete their connection with a person who receives the money before point 8 "happens"? Does BitLaundry delete the internal server logs to provide customer with anonymity? If yes- what if a normal user did it, what would I need money laundry for? And important thing- what is the level of anonymity of this service? Is it possible for anyone to track who the money came from? Thank you for help It's not talking about the blockchain, it's talking about their personal databases that link the one-time deposit to the payout address. Title: Re: BitLaundry mechanism Post by: termhn on April 16, 2013, 05:30:56 AM It sounds to me like it would not be possible to track. This is because you can track who sent bitlaundry money and who received money from them, but there's no way to link outgoing coins to incoming coins.
Title: Re: BitLaundry mechanism Post by: hp0 on April 16, 2013, 06:08:44 AM closed
Title: Re: BitLaundry mechanism Post by: hp0 on April 16, 2013, 12:30:34 PM closed
Title: Re: BitLaundry mechanism Post by: hp0 on April 16, 2013, 01:31:52 PM closed
Title: Re: BitLaundry mechanism Post by: Gabi on April 16, 2013, 01:34:12 PM Of course there is no way to know if it is safe
Title: Re: BitLaundry mechanism Post by: singla.aman on April 16, 2013, 02:22:58 PM Who are the people behind BitLaundry. I do not like the systems where there is no privacy by design. We just have to trust them. If I was in FBI or CIA, i would start a service like BitLaundry and keep a record of everything.
Title: Re: BitLaundry mechanism Post by: mikegogulski on April 17, 2013, 08:50:46 AM Who are the people behind BitLaundry. I do not like the systems where there is no privacy by design. We just have to trust them. If I was in FBI or CIA, i would start a service like BitLaundry and keep a record of everything. app.bitlaundry.com and bitcoinlaundry.com are both mine. You can rest assured that I work for neither the Fucking Bavarian Illuminati nor the Cocksucking Illuminati Assholes. Both services try to keep only the minimum amount of information required to complete transactions and provide essential debugging should anything go wrong. For the moment, though, both depend on third-party-hosted services (Google's AppEngine and Dreamhost web hosting, respectively), and I can't control what logs they retain. Improvements coming soon! Title: Re: BitLaundry mechanism Post by: hp0 on April 17, 2013, 02:48:20 PM closed
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