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Author Topic: BITCOIN MIXER - MIX WITH LIGHTNING NETWORK - ZEROLINK - LightningSwap.com  (Read 195 times)
LightingSwap (OP)
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July 23, 2020, 12:14:32 PM
 #1

We are Very new to the market we hope you like the service and your dislikes so we can improve on them

Only Difference between us and other mixers we use submarine swap and not tumble coins feel free to check us out we will amend theme etc with time as of now time is limited so standard version will do

Lighting swap

 

Visit https://lightningswap.com


https://i.imgur.com/09kYeAX.png
AB de Royse777
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July 23, 2020, 01:11:42 PM
 #2

4.73% fees which is very high considering the current market. Try Chipmixer, you will see there are no fees (al most free), try coinjoin with Wasabi, very low fees, try some other mixers available in the forum - fees are very low. So, why would anyone will pay super high fees for your service?

Quote
Our service fee is 3%, plus the expected on-chain miner fees and Lightning Network fees we have to pay to complete your swap.


This was for a 1 BTC so, all together it's going 4.73%

Let's ignore the fees, why would someone trust a very new site to mix their coins?

Honestly speaking, you really needs to do a lot more than creating this thread only.

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LightingSwap (OP)
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July 23, 2020, 02:36:25 PM
 #3

you are right unfortunate the method we use does not use wassabi or coinjoin example these services are well known by major exchanges when you use them that they have been wassabied or coinjoin our output's are zero link and we use a node to do the swaps and 2% of the fees ends up in the node for you to get a clean output to your address there is zero link when you get oputput to your old coins
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July 24, 2020, 08:46:46 AM
 #4

How long do you keep a swap take? How do I find it? I started the mixing process and didn't get a unique swap token so there is nothing to prove that I sent you? For example, if I don't get the money, how can I prove that I sent you?

Do you have a letter of guarantee? Sign a message before sending the money?

How is the mixing process done? I found that it takes "between 45-60 minutes", but how does it work? Do you mix all users' currencies? If so, then is there a guarantee that any funds will be mixed?

Warning: Avoid using this mixer for the above reasons.
fghjhiiiuytdssxvbbb
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July 24, 2020, 09:08:42 AM
 #5

At present, there are many popular currency mixers, which have existed for many years, and it is difficult for you to compete with them: chipmixer, foxmixer, cryptomixer, bitmixbiz, bitloak [banned mixer] If you want to have a place, you have to change the rules, such as cleaning bitcoin, choosing another currency, such as BTC for eth, BTC for LTC, BTC for XmR. Will this be better.
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July 24, 2020, 11:27:33 AM
Last edit: July 24, 2020, 11:52:50 AM by AdolfinWolf
 #6

Can you publish your lightning node?

Quote
Only Difference between us and other mixers we use submarine swap and not tumble coins feel free to check us out we will amend theme etc with time as of now time is limited so standard version will do
I'm sorta curious, i've never heard of this before.

Is there any documentation regarding this protocol being used in anonymizing coins? If so, I'd like to read it.

Or am i misunderstanding, and is it not zero-knowledge based, meaning you'd still know which inputs belongs to whoever?
 

How long do you keep a swap take? How do I find it? I started the mixing process and didn't get a unique swap token so there is nothing to prove that I sent you? For example, if I don't get the money, how can I prove that I sent you?
I think this is covered by the HTLC contract, but this is called a reverse submarine swap...? a "normal" lightning submarine swap would require us to generate the lightning invoice, and then generate a HTLC..

In a reverse swap we would send to LightningSwap's invoice using a HODL invoice, for which lightningswap would broadcast a HTLC tx on-chain.

But, where is the lightning invoice we would be supposed to pay?

So, what is exactly is the implementation of submarine swaps here (none as far as i can see?), and how exactly does this provide any form of privacy different from the traditional tumbling stuff? I can't figure it out.

Let's ignore the fees, why would someone trust a very new site to mix their coins?
Honestly speaking, you really needs to do a lot more than creating this thread only.
Correct me if i'm wrong, but a fair implementation of the submarine swaps would be zero trust, but not zero knowledge, so it would still need to prove it's operating fairly.

But, as i mentioned above, i don't see how these swaps are implemented here.

LightingSwap (OP)
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July 24, 2020, 02:25:57 PM
 #7

Firstly i apologize for the late reply

huge Black
Q:- How long do you keep a swap take? How do I find it? I started the mixing process and didn't get a unique swap token so there is nothing to prove that I sent you? For example, if I don't get the money, how can I prove that I sent you?

Answer : (1) Swap Can take 1-10 Hours normally it is cleared within 1 hour sometimes if the mempool is full the confirms can take long for your btc to released from the node its being swapped on
(2) What are you trying to look for once u send funds they end up in our wallet and then are pushed of to the node as soon as 1 confirm is Reached the only way to proove you send us funds is when the site gives you a address you must preserve it if you did send funds we can see funds on that address since every one gets a unique address and only you would know that address and no1 elese so if you claim you send funds that means those funds are yours cause no1 elese would know that address.

Lastly in our database it will show your end address which we can check and tell if your honest or not once swaps are complete within 24-72 hours logs are cleared yes we do keep logs for 3 days solmely cause we are not tumbling funds and any mixer would keep logs for a short period of time cause your funds would not be able to be processed without having logs doubt that even exists.

Q- Do you have a letter of guarantee? Sign a message before sending the money?

A- Unfortunate we do not have this feature atm we can add if it is needed.

Q- How is the mixing process done? I found that it takes "between 45-60 minutes", but how does it work? Do you mix all users' currencies? If so, then is there a guarantee that any funds will be mixed?

A- We only Support Bitcoin for now and when funds are send to us we push them to the lighting network and the lighting network pays you out so there is no link between your first transaction that you send and the end transaction that node sends you  i hope this answers AdolfinWolf question to yes we do use lighting network to make the swaps a further more explanation i will present soon for more info for AdolfinWolf 


Further more fghjhiiiuytdssxvbbb you are right this mixer was bulid on curiosity we use to use wassabi but since all coinjoins are effected by major exchanges we had to come up with something that was not affected by the mix
https://ihodl.com/topnews/2019-12-19/binance-blocks-withdrawals-out-wasabi-wallet/

most major exchanges will be able to flag your coins if you use coin join  services but with lighting swap this wont happen

Whats our down fall compare to others it takes long to make the mix cause its done only the cloud others have storage u send funds they send back funds from there storage thats pre mixed we don t do this since we are new we highly recommend you to do small swaps to earn our trust if there are issues you may email us

lightningswap@protonmail.com


or even drop us a pm and we can reslove any issues you have so far we have had 0 issues few bugs but with time we;'ve fixed them all your support is highly appreciated and as well as your input on changes as long as the changes are important we will proceed we made this very simple we are also going to reduce our % our main aim is to give you something better then other mixers and the zero chain link does make us better


Further more i will post a small theory of how it works..


Please don t hestiate to swap and try us you don t need to be warned you can do small swaps $100-$500 its not like we are going to destroy our rep for such small amount of funds we want your trust so you trust us with bigger amounts you can do even 10 bitcoins there is no limit.

Example you may swap 1 bitcoin per thread so run 10 threads and swap 10 coins doesn t matter


Lastly if you get our outputs they wont be bothered by exchanges.

We hope that all you will support us in our tiny venture. Please Excuse my grammar is horrific i know
AdolfinWolf
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July 24, 2020, 03:27:57 PM
Last edit: July 24, 2020, 04:17:22 PM by AdolfinWolf
 #8

Please don t hestiate to swap and try us you don t need to be warned you can do small swaps $100-$500 its not like we are going to destroy our rep for such small amount of funds we want your trust so you trust us with bigger amounts you can do even 10 bitcoins there is no limit.
Those are not small swaps. I really think you should try to explain your mixing concept a little better, as you still didn't answer any of my questions.

You say you utilize lightning using submarine swaps, but when i go to your site, it's just bitcoin address -> bitcoin address.

If you're utilizing reverse swaps, you're supposed to give us a lightning invoice (?).

If you're utilizing normal swaps, we're supposed to give you a lightning invoice (?).

As far as i can see, you're (at least) not directly using the lightning network / reverse swaps, which means (obviously) our deposits are not protected by any sort of magitc HTLC (for anyone wondering), and so i'd definitely not just randomly send 100-500$ your way.

Quote
A- We only Support Bitcoin for now and when funds are send to us we push them to the lighting network and the lighting network pays you out so there is no link between your first transaction that you send and the end transaction that node sends you  i hope this answers AdolfinWolf question to yes we do use lighting network to make the swaps a further more explanation i will present soon for more info for AdolfinWolf  
I hope that that proves me wrong for your sake.

LightingSwap (OP)
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July 24, 2020, 04:42:54 PM
 #9

AdolfinWolf  everything you just is done in the back end when you send funds it ends up in our wallet then send to the lighting node that is protected by htlc's


any how i will make a full summary and post it later for you to better understand it...if you don t feel safe with $100-$500 try $10 i can assure you... you will get zero-link output


invoices etc all done in the back end
AdolfinWolf
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July 24, 2020, 05:15:26 PM
 #10

AdolfinWolf  everything you just is done in the back end when you send funds it ends up in our wallet then send to the lighting node that is protected by htlc's


any how i will make a full summary and post it later for you to better understand it...if you don t feel safe with $100-$500 try $10 i can assure you... you will get zero-link output


invoices etc all done in the back end
Can you link your lightning node at the very least?

Quote
then send to the lighting node that is protected by htlc's
Ughhh.

invoices etc all done in the back end
So now you will need to
A. build a reputation for people to trust you with their coins,
B. build a reputation for people to actually make it "untraceable".
(C.) build a reputation for people to trust that you delete logs etc.

Let's hypothesize you're actually utilizing swaps / LN in the backend (which could very well be possible, but i have yet to see any proof..?),
what does it matter for the customer at this point? How is this better than the traditional models? Can you prove that by moving funds around with swaps you actually break links? It certainly doesn't seem to be cheaper.

I'm just curious. I think if you could explain this, i'll be informative for everyone reading this thread.


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