Hi guys, I have doubts about using mixers because frankly I don't trust them. I don't know if they really keep records on file or not.
I was thinking of an idea and wanted to see what the interest level would be for a group of like minded people that see the value in mixing Bitcoins but doesn't want to pay or use a mixing service. We could just create a system that trades BC's with no fees.
What do you guys think? How can we make it safe/secure so no one can feel they will get cheated either?
I think that would be really hard.
The person holding the wallet that contains all coins that need to be "mixed" can always run away with everybody's coins.
You could reduce this risk by using multisig for the wallet holding all coins, but even then: two people might work together to rip off the rest of the group.
The only way i see this working, is if the one holding the wallet is a very (very very) trusted member of the forum. But even then, i would not trust this person as much as an established service like bitmixer.io.