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Author Topic: Authorities Shut Down First Bitcoin Transaction Mixer  (Read 589 times)
uray
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May 28, 2019, 08:09:55 PM
 #41

Apparently this is the first time law enforcement has taken an action against crypto mixers.
It's funny because I am familiar with Bestmixer was just looking at it last week actually lol
Unfortunately bestmixer is the first mixing service that came under fire from the authorities and some of the mixing services closed their service earlier fearing these sort of actions will come once the bitcoin market become more mainstream and i am not convinced with the way they took them down, they cannot pin point one thing that they did, all the authorities say is that they helped in money laundering, which is a broader term and it is very difficult to sort these type of issues and today bitblender has closed their service too after this incident, we now have chipmixer and will see how long they will last.
Carlton Banks
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May 28, 2019, 09:31:07 PM
 #42

torrenting is not decentralized, you have to take the magnet link or the torrent hash from somewhere

you can get the magnet/hash directly from the bittorrent network. that way it's decentralised, as no trackers or websites are needed

Vires in numeris
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May 29, 2019, 12:55:38 AM
 #43

The tech is getting better that is why these mixers are able to be tracked back to the source. Security firms like ciphertrace are working with large enterprise level companies to work on AML specifically.
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May 29, 2019, 11:54:28 AM
 #44

you can get the magnet/hash directly from the bittorrent network. that way it's decentralised, as no trackers or websites are needed

Somebody has to create that torrent hash and publish it somewhere and you must find out what that file is via some sort of ratings that again will be centralized.

Even with IPFS, you still need a central point.
Take a look at torrent paradise, it runs on top of IPFS as a search engine, would you trust to download a file only relying on the name and number of peers and nothing else?
Edonkey and Kazza worked that way, and they were 99% fakes and 1% porn on those networks.

Of course, I can create a torrent, send you the hash via PM and nobody will be able to track it, but once Jon and Alice and Oliver and Thanos and Daffy and two million more want the torrent you must have a way to send all of those the hash, creating a  place where those can be stored> centralization.

Even if you do it via a telegram or whatsapp group, it's still has a central point.

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