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Author Topic: The lagest Bitcoin mixer is about to stop working  (Read 90140 times)
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July 24, 2017, 09:46:58 AM
 #41

Wow. This is totally unexpected. As a person who uses mixing services like this one, I don't think that the main reason why people use it is mainly because of buying illegal stuffs online. I mix my coins to clean it because my wallet or exchange wallet will ban my account if a coin is from a gambljng or related to it. Also it helps to avoid people from tracking my transaction which adds to the security of using bitcoin. It's sad that the biggest and one of the most trusted mixer has to shitdown because of this.

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July 24, 2017, 10:17:23 AM
 #42

Why do you think Bitmixer is closing? obvious, they're forking/messing with Bitcoin, Bitmixer no longer believes in Bitcoin.

They are probably cashing out and jumping ship before the 1st. It's a good moment because people won't be moving and mixing their coins during this unstable activation period, so it's a good moment to wrap up. Every business owner has to ask himself at some point: do I need more money? Is it worth the risk?


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ctor
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July 24, 2017, 12:11:46 PM
 #43

Are you planning to open source your software?
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July 24, 2017, 12:25:18 PM
 #44

Well it is certainly amazing to see an old business that was doing great (according to the owners) shutting down so abruptly.
But that's the decision you made, all it is left for us is to respect it.

I have one single request, if possible, although I'm pretty sure you have already thought of it.

Can you please make sure that for at least one year or two the domain name won't be dropped also, as I doubt the renewal fee would put a financial strain on you ?
By this we can make sure that the name won't be acquired by someone with the intent to profit (scam) based on your hard earned reputation.

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July 24, 2017, 12:55:29 PM
 #45

It is a finance revolution, but not a crime finance revolution.

Bitcoin IS a "crime finance revolution", at least according to the guys who make the banking rules. These same people call everyone else criminals when they are the ones stealing.
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July 24, 2017, 02:05:27 PM
 #46

Don't worry, we didn't keep logs, we deleted all used wallets, our servers never been seized, we had very strong mixing algorithm. We never collaborated with feds. All our clients are protected. We did our work honesty as described.

About "I'm not a criminal. Why should I mix my coins?". I really believed in this years ago. But look, in 2016 we mixed about 1M bitcoins. What do you think what part of this sum was non criminal? I don't know, we provided just a tool and didn't ask from what source coins coming. But I guess not all of them was clean. I really don't want to earn helping criminals. It is not only personal. Bitcoin couldn't be accepted by general public and governments if it is a crime tool. No, no, no. Fortunately last years appeared special anonymous cryptocurrencies for this purpose. But Bitcoin has another big aims. It is a finance revolution, but not a crime finance revolution.

I've been mixing all of my earnings from Purse.io & LBC trades since day one mate and they don't come from drugs lol. Admit that you took a wrong decision. Privacy is still a thing in 2017  Tongue
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July 24, 2017, 07:08:44 PM
 #47

A real shame but a very sensible move.

There's money to be made but who knows how irrational the legal apparatus is going to be if you're tracked down? They'll probably find you a law that's been broken somewhere.

Be thankful that they ran for so long and so successfully and bowed out with class.

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July 24, 2017, 08:18:07 PM
 #48

I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin.

For the reason you're closing your service, as well as for other reasons, I wouldn't recommend Dash or Zerocoin if privacy is a concern (nor would Greg Maxwell or Peter Todd): https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php

Comparison of Privacy-Centric Coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php also includes Verge and Pivx
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July 24, 2017, 08:28:49 PM
 #49

Quote
I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin.

For the reason you're closing your service, as well as for other reasons, I wouldn't recommend Dash or Zerocoin if privacy is a concern (nor would Greg Maxwell or Peter Todd): https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php
Indeed.
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July 24, 2017, 08:35:58 PM
 #50

Hi all!
You may use Dash or Zerocoin if you want to buy some weed.


lol. Just use Monero.
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July 24, 2017, 08:46:05 PM
 #51

Don't worry, we didn't keep logs, we deleted all used wallets, our servers never been seized, we had very strong mixing algorithm. We never collaborated with feds. All our clients are protected. We did our work honesty as described.

About "I'm not a criminal. Why should I mix my coins?". I really believed in this years ago. But look, in 2016 we mixed about 1M bitcoins. What do you think what part of this sum was non criminal? I don't know, we provided just a tool and didn't ask from what source coins coming. But I guess not all of them was clean. I really don't want to earn helping criminals. It is not only personal. Bitcoin couldn't be accepted by general public and governments if it is a crime tool. No, no, no. Fortunately last years appeared special anonymous cryptocurrencies for this purpose. But Bitcoin has another big aims. It is a finance revolution, but not a crime finance revolution.

So sorry to see this but I don't understand you. Do you ever think that will ever be a form of payment only used for clean business? Never!

Doesn't matter how is called , cash, bitcoin , monero , or if we go back to barter people will always do illegal or shady business. So it doesn't really matter what form of payment is used , if people want to obtain something they will regardless.

Your morals are good but in the financial system nowbbody cares , soon somebody will take your place and life goes on. I personally think Bitcoin is done anyway for all DM's , big criminals and even tech/paranoid users Monero will see a big increase.

You provided a great service for many years, good luck to you!
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July 24, 2017, 08:51:45 PM
 #52

Can you please make sure that for at least one year or two the domain name won't be dropped also, as I doubt the renewal fee would put a financial strain on you ?
By this we can make sure that the name won't be acquired by someone with the intent to profit (scam) based on your hard earned reputation.
This is one of the most important things Bitmixer has to do.  Their domain expires in just a couple of months, so anyone registering it could scam masses of people on Reddit, Bitcointalk, Slack and basically everywhere.  They already do it with copied sites on slightly different domain names, so imagine what power they'd have on the real domain.

Note: I've never used BitMixer so I won't miss it's services. One of the reasons for not using it is that the coins I get back are most likely from someone who's trying to hide worse things than me Tongue
When you used Bitmixer, they would give you a "Letter of Guarantee" (mentioned here) so that you could prove that you sent funds to their site (signed message from their address + signed message from you = proof).

If the authorities came knocking, you could just prove to them that you sent your funds to Bitmixer, and therefore that the tied coins were not yours.

As for Bitmixer shutting down because they believe in transparent transactions - oh, woe is me.  I suppose I'll have to use mixers which are exactly the same as them or sometimes better.  What a shame.
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July 24, 2017, 08:53:44 PM
 #53

But we never had any government or legal pressure, it is only my own opinion.
Yeahhh. Well, time to stock up on Monero.
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July 24, 2017, 08:54:59 PM
 #54

There's only one coin in existence today that provides full anonymity - Monero.
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July 24, 2017, 09:19:24 PM
 #55

i think NAV and ZENCASH are the best for anonymity 
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July 24, 2017, 09:36:33 PM
 #56

i think NAV and ZENCASH are the best for anonymity 

They don't have privacy by default. That means they're not as private as mandatory privacy (Monero).

Comparison of Privacy-Centric Coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php also includes Verge and Pivx
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July 24, 2017, 09:44:29 PM
 #57

Note: I've never used BitMixer so I won't miss it's services. One of the reasons for not using it is that the coins I get back are most likely from someone who's trying to hide worse things than me Tongue
When you used Bitmixer, they would give you a "Letter of Guarantee" (mentioned here) so that you could prove that you sent funds to their site (signed message from their address + signed message from you = proof).

If the authorities came knocking, you could just prove to them that you sent your funds to Bitmixer, and therefore that the tied coins were not yours.
I've seen it, but I don't think it proves anything as it still requires the authorities to believe BitMixer is honest. I doubt a judge would believe evidence created by the anonymous website that you claim laundered your money into coins wanted for something you claim you didn't do.

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July 24, 2017, 09:56:59 PM
 #58

Note: I've never used BitMixer so I won't miss it's services. One of the reasons for not using it is that the coins I get back are most likely from someone who's trying to hide worse things than me Tongue
When you used Bitmixer, they would give you a "Letter of Guarantee" (mentioned here) so that you could prove that you sent funds to their site (signed message from their address + signed message from you = proof).

If the authorities came knocking, you could just prove to them that you sent your funds to Bitmixer, and therefore that the tied coins were not yours.
I've seen it, but I don't think it proves anything as it still requires the authorities to believe BitMixer is honest.
For the deposit, it certainly doesn't require that.  The point is for them to sign a message proving that the address you're sending to is owned by Bitmixer.  So as for the funds coming back to you, you can sign a message proving that you own the address that received a transaction of the same amount you send to Bitmixer, if that makes sense.

After that, the authorities can either believe a mixture of cryptographic proof and completely obvious reasoning, believe that Bitmixer stole your money and you just mysteriously received a transaction from a criminal at that time, or believe that you own Bitmixer.  I'd say the former one is the only logical way that they could go.
I doubt a judge would believe evidence created by the anonymous website that you claim laundered your money into coins wanted for something you claim you didn't do.
I don't see why not if you provide evidence that Bitcoin's signed message system is sound and you verify Bitmixer's signature.
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July 24, 2017, 10:44:57 PM
 #59

guys, OP can't admit it but they are under duress.

This is as obvious as it gets and this is their form of warrant canary. OP specifically mentioned those honeypot coin alternatives to simultaneously aid law enforcement create new investigations on users that don't catch on, as well as make it obvious as code words for their duress.

OP didn't say Zerocash, which has the optional opaque feature although nobody uses it properly. OP said Zerocoin.

OP didn't say Monero, which would stifle all law enforcement effort. In fact, no mention of cryptonote technology at all.

The incongruency was worded to be obvious to any body here for some time, but simply cannot say anything to reveal the state action against him. So therefore it is my turn to reveal how that works to help you all.

In response to non-disclosable actions by the government, some operators of tech services just shutter the service. This is what you saw with encrypted mail services in the past that weren't decentralized enough to simply ignore government pressure.

                                     
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July 24, 2017, 11:14:48 PM
 #60

guys, OP can't admit it but they are under duress.

This is as obvious as it gets and this is their form of warrant canary. OP specifically mentioned those honeypot coin alternatives to simultaneously aid law enforcement create new investigations on users that don't catch on, as well as make it obvious as code words for their duress.

OP didn't say Zerocash, which has the optional opaque feature although nobody uses it properly. OP said Zerocoin.

OP didn't say Monero, which would stifle all law enforcement effort. In fact, no mention of cryptonote technology at all.

The incongruency was worded to be obvious to any body here for some time, but simply cannot say anything to reveal the state action against him. So therefore it is my turn to reveal how that works to help you all.

In response to non-disclosable actions by the government, some operators of tech services just shutter the service. This is what you saw with encrypted mail services in the past that weren't decentralized enough to simply ignore government pressure.

it's very simple for him to prove this theory wrong - just edit the OP to:

There's only one coin in existence today that provides full anonymity - Monero.

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