Bitcoin Forum

Bitcoin => Project Development => Topic started by: vodemki on October 07, 2013, 08:19:44 PM



Title: [[[[[ REMOVE ME ]]]] <============
Post by: vodemki on October 07, 2013, 08:19:44 PM
To be removed


Title: Re: Bit laundry - Anonymize all your Bitcoins
Post by: BIGMERVE on October 08, 2013, 04:19:58 AM
Quote
Why would I trust you ?
I have been a bitcoin user for a couple of years

Yeah, you registered for the forums today. This doesn't give us much confidence. You'll need a little more rep before people will trust you, especially will a sketchy service like this.


Title: Re: Bit laundry - Anonymize all your Bitcoins
Post by: favdesu on October 08, 2013, 05:06:35 AM
this works much easier with inputs and that's for free.


Title: Re: Bit laundry - Anonymize all your Bitcoins
Post by: jsuder on October 08, 2013, 10:11:09 AM
To be honest, the sentence "We hope this would convict you of our serious" somehow doesn't convince me at all...


Title: Re: Bit laundry - Anonymize all your Bitcoins
Post by: gweedo on October 09, 2013, 05:19:35 PM
Ok no ssl so I can't make sure you get my addresses. Or a PGP way to encrypt what I am sending you. You keep logs for 30 days what is the point of that? Why not keep them and a day or two after transaction is complete it is deleted.

You probably want to work on security also how do you check to make sure the coins are not tainted or even the same coins coming back to us.


Title: Re: Bit laundry - Anonymize all your Bitcoins
Post by: miffman on October 09, 2013, 06:03:19 PM
You would need to gain some trust before people start using this service


Title: Re: Bit laundry - Anonymize all your Bitcoins
Post by: gweedo on October 09, 2013, 06:31:42 PM
Hello gweedo,

Thanks for your answer. I'll try to add a more protective way to encrypt data sent.
30 days was ab arbitrary delay, I'll change it to 2 days after the transaction has been completed.

For now, I don't have any mechanism against tainted coins.
I got a small amount of bitcoins (less than 2BTC) on my account so, you can't get the same coins you sent me.
I've developped a solid algorythm for that.
For example

A sends 1BTC.
 * BitLaundry sends A 1BTC from the "bank".
 * Bank total amount is now 2BTC (but dillued).
B sends 0.5BTC.
 * BitLaundry sends B 0.5BTC from the "bank" (A + amount before).
 * Bank total amount is now 2BTC (but dillued).
C sends 0.3BTC.
 * BitLaundry sends C 0.3BTC from the "bank" (A + B + amount before).
 * Bank total amount is now 2BTC (but dillued).
D sends 1BTC.
 * BitLaundry sends D 1BTC from the "bank" (A + B + C + amount before).
 * Bank total amount is now 2BTC (but dillued).


Maybe show how diluted the bank is (like X BTC spreaded over X Addresses), but for mixer this requires a lot of volume, and you should have a back up plan.