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Author Topic: A few tips to increase the anonymity of your BTC transactions  (Read 1324 times)
connectthebots
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May 27, 2015, 11:59:23 PM
 #21

Bitcoin's blockchain is open/transparent. Future blockchain anaylsis programs will be able to decipher all past, present, and future coin mixing/normal transactions and tie them to people's identites via social engineering or just searching google, no matter how hard you try.

Facebook, Google, etc are already doing that with centralized transparent services, where they serve ads targeted directly for you, or keep your identity on a system for lookup(Like online phonebooks), and more. Only a matter of time until all of that is done for transparent decentralized services like Bitcoin as well(Oh its already being done...wow).
hasmukhh
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May 28, 2015, 05:05:14 AM
 #22

read the article and found it good . but do you think that mixers or laundries are the solution towards complete anonymity.  I don't think so.
Kprawn
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May 28, 2015, 06:09:37 AM
 #23

I have nothing to do with that coin and Im not advertising it and it's not only an Alternative coin as far as I know , even if I didn't fully understand how it works .
Also I removed the link if that makes you feel better .

I just said it sounds like advertisement, and not that it indeed is, you didn't had to remove the link because of what i said, i removed mine from your quote just because i dont want to share it.
Hate toward shi*coins is what u develop over the years when you're hanging out here, you will see  Wink

Satoshi envisioned bitcoin users to use an address only once. Receive, spend, send the change to a new address and never use that address again. If you follow this practice. There is enough anonymity.

Yup, only the people will bad intentions are the one with true need to mix coins, hence i believe it will be stopped in soon future.
Also, i dont see reason why i would need to use addresses only one time, except when i need to make certain transactions more easily seen.

cheers

I seem to differ with you... {Not because of the fact that I participate in a sig campaign to promote it}
My financial privacy is important to me, and my spending habits too. {Let's say you are dealing with a Stalker... If you use NO mixing service, your LIFE will be out there... What you do every day.. How you do it, when you do it...}

You are given this privacy when you use your credit card {protection from the general public}, why not from Bitcoin? Even if you use fiat, you have this privacy.

I have never used Bitcoin for ANY illegal activities or bad intentions... BUT I still value my financial privacy. If the Bitcoin protocol does not protect me, I am forced to use these 3rd party services for that protection.  

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ajareselde
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May 29, 2015, 12:33:36 AM
 #24

read the article and found it good . but do you think that mixers or laundries are the solution towards complete anonymity.  I don't think so.

They are if you know how to use them correctly, and don't make a mistake later on by making transactions that would expose or link you.

I seem to differ with you... {Not because of the fact that I participate in a sig campaign to promote it}
My financial privacy is important to me, and my spending habits too. {Let's say you are dealing with a Stalker... If you use NO mixing service, your LIFE will be out there... What you do every day.. How you do it, when you do it...}
You are given this privacy when you use your credit card {protection from the general public}, why not from Bitcoin? Even if you use fiat, you have this privacy.
I have never used Bitcoin for ANY illegal activities or bad intentions... BUT I still value my financial privacy. If the Bitcoin protocol does not protect me, I am forced to use these 3rd party services for that protection.  

Well that's a longshot; why would somebody be stalking you ? I guess it's somewhat good defense to use third party services, but then again, you're bound to make a mistake sooner or later by linking addresses.
I honestly believe that mixing services and annonymous exchanges won't last much longer, due to risk of money laundering by those with not as good intentions as yours;they're bound to die off eventually.

cheers
CohibAA
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June 28, 2015, 05:45:40 AM
 #25

Something like coin-join that mixes transactions offline before broadcasting. Not sure how mature it is as of now.

You beat me to this. Seems it took 17 posts in this thread for someone to bring coinjoin into the mix (pun intended). Some projects like joinmarket can be used today to mix your coins with no counterparty risk. And you could even earn some satoshis by acting as a market maker.

JoinMarket is looking good on the mainnet.  The orderbook has a decent amount of liquidity for only being live a little over a month, at around 200 BTC currently.

Once their is a working electrum plugin, this will be a very easy to use solution to coin privacy.  I, for one, don't have any ill-gotten coins, nor do I engage in any illegal activities, but I appreciate and seek privacy regardless.  I think many people feel this way, and will utilize the privacy of coinjoins through applications like joinmarket and it's implementations.  Criminals may use it also, it's open-source, decentralized and has many other features they may also seek, but I imagine many already have solutions in place for their needs.  Projects like joinmarket are intended for widespread use by entities seeking to break the link between known addresses and their related transactions.  It's a very interesting, much needed project, imho.

dblink
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June 28, 2015, 07:28:40 AM
 #26

make sure to use an electrum server that does not log ip address!
I heard it from some other source also regards to electrum, I have one question here does it store the database in the PC, since I am looking for a Software setup where it do not store any copy of the Bitcoin block chain in my system, I would prefer to analyze it on cloud. Does electrum matches according to my needs ?

CohibAA
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June 28, 2015, 07:35:53 AM
 #27

make sure to use an electrum server that does not log ip address!
I heard it from some other source also regards to electrum, I have one question here does it store the database in the PC, since I am looking for a Software setup where it do not store any copy of the Bitcoin block chain in my system, I would prefer to analyze it on cloud. Does electrum matches according to my needs ?

The electrum wallet client connects to electrum-servers run by volunteers.  The wallet connects to several of these server peers to ensure they agree on the blockchain data.

The electrum-server client does require connection to a core full node, which of course stores the full blockchain.

The wallet client does not require storing the blockchain on the system it is installed on.  This should meet your needs.  The electrum wallet client is included in the TAILS private operating system, and works on all other major OS as well.

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