The lagest Bitcoin mixer is about to stop working

[bellajbadr]

there has been a while everybody knows that bitcoin isn't fully anonymous and there was many attempts to tackle this problem, so what's new in your case? have you just discovered this issue? even Monero has its own issue concerning anonymity, I think you need to tell us the truth about your decision.

[1714125717]

1714125717

[1714125717]

1714125717

[Timelord2067]

Maybe it is just an hacked account here, on the webpage there has nothing changed.
If he is the real user, he would anounce that first on his web page.

Well, it's there now...



and a link: https://bitcointalk.org/index.php?topic=2042470.new#new (to this thread no less...  )

[adamvp]

It is so bad news :|

[zawy]

If the feds go after Zcash's US-based company, HUSH suddenly becomes the only good clone for "perfect" privacy. ZCL and ZEN are much too cloudy on the dev front for me and DASH/monero and their clones are just mixers.

[AdolfinWolf]

there has been a while everybody knows that bitcoin isn't fully anonymous and there was many attempts to tackle this problem, so what's new in your case? have you just discovered this issue? even Monero has its own issue concerning anonymity, I think you need to tell us the truth about your decision.

It's literally in his statement, he doesn't want to help criminals make money / wash it for them.

Sad to see this site go, since it was the only trusted mixer i know, and the only one i could trust.

I feel like there's alot more going around then just your sudden change of opinion on anonimity/privacy with bitcoin.
You've probably received threats from the FBI/CIA, that you should shutdown your site, which is honestly, pretty sad.

It was a really very hard decision. Especially it was hard to drop this business because of incredible high income. But we never had any government or legal pressure, it is only my own opinion. I really believe in clean transparent Bitcoin. I really happy that Bitcoin legalized as payment system and currency in many countries, I actually didn't believe in this in 2011.

This is extremely hard to believe, sadly enough.

[operator55]

No problem, someone else will make such service and someone else will profit from it.

Anyway he was prolly aproached by FBI or any other 3 letter agency.

[PGPpfKkx]

surprised OP didn't mention Monero..

[Cruncher]

DASH/monero and their clones are just mixers.

https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php

[Slemicek]

Whatever, I will use xvg for private transactions.

[iloveBTCtomuch]

Simpley switching to another crypto-currency is easier said than done, for starters the company or person your transacting with needs to accept that same currency as well.

That being say, if one would move towards DASH you'll get the following benifits
DASH
- easy to use private functions
- instant private sent (if you pre-mixed)
- Allot cheaper than bitcoin, and most privacy coins ( transaction costs will be 10x cheaper in the near future)
- An improved decentralized coinjoin, giving added privacy. Coinjoin has been tried and true for many years now, unlike other privacy technics

Do allot of positive things can be said about the competion:

Monero
- 26x blockchain bloat +high transaction fee's for that reason
- Wallet not that easy to use
- Most importantly off all, coins (could) be printed out of thin air without you know it, has been possible before !
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

Zcash
- They admitted in using a trusted setup, this means you have to trust that they have trown away the key's when they setup the coin, if not all transaction can be made transparant, and unlimited hidden printing
 

[deisik]

Hi all!
Despite the huge profit we earn, we are closing our activity. Let me explain why.

Be honest:

What logs have you kept, for how long and with what countries law enforcement do you cooperate?

Bitcoin mixers always keep logs

Whatever they might claim to the contrary. Also, I don't believe what the OP is saying. Why would he want to close his business if it was so profitable? So I have two assumptions, the less likely one and the more likely one. First assumption (which is less likely) is that the service had been closed by the authorities. It is unlikely because it makes no sense to close it if they can just control it provided they can actually control it. If they can't, that's pretty much it. My second guess (the more likely one) is that mixers have in fact ceased to be profitable, and therefore we could expect more mixers to "follow" Bitmixer's call in the near future

It's literally in his statement, he doesn't want to help criminals make money / wash it for them

That's bullshit. For 6 years it didn't cause any pains, and now it has started

[DenDanny]

The Polymorph feature of NAV Coin could be a great replacement. It will enable users to send a whole bunch of different cryptocurrencies anonymously through the dual blockchain powered NAV anonymous transaction system.

This feature is not out yet, it is still in development.

[Kprawn]

OP, I would just like to thank you for the weekly signature income that you provided to us. I will never criticize your decision

and I think at the time, you wanted to make a difference. I also think that you can still make a difference with many other

projects in the future. You have certainly made a difference in my life and the life of my family, with the money you paid via

the signature campaign. I managed to pay some debt and it also contributed to my children's education fund. 

Our personal financial privacy is important to us {legal users} and you helped by providing a service that helped us to protect

that.

Good luck with your future projects and thanks for your valuable contribution to the strengthening of this experiment. 

[c789]

Monero
- Most importantly off all, coins (could) be printed out of thin air without you know it, has been possible before !
https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

Not true. If you read the link that you posted, you'd see that the bug was discovered and patched, and it was done BEFORE anyone had exploited it. It was discovered by XMR devs, not by others or hackers. The XMR community voluntarily pays for PhD mathematicians and cryptographers to scrutinize the code and look for weaknesses. The code is all open source so anyone can review it and verify this.

Since BTC devs and cryptographers point out security problems with Dash, Zcash, mixing services, and others, but haven't with Monero, that should tell us something.

[iloveBTCtomuch]

Monero has no competition.

Great you post a pro Monero bias article in favor of Monero that incorrectly states facts about other coins than Monero.
My info are facts, about all the coins. You can choose to believe what you want, but I take a trust-less coin any day of the week over need to trust code and devs.

Not true. If you read the link that you posted, you'd see that the bug was discovered and patched, and it was done BEFORE anyone had exploited it. It was discovered by XMR devs, not by others or hackers. The XMR community voluntarily pays for PhD mathematicians and cryptographers to scrutinize the code and look for weaknesses. The code is all open source so anyone can review it and verify this.

Since BTC devs and cryptographers point out security problems with Dash, Zcash, mixing services, and others, but haven't with Monero, that should tell us something.

How can you say not true ? I provided you with an actually proof, the proof  is from the Monero team them-self. If you can't see it for what is, I don't know what will.

BTC dev's ? which ones ? the ones that are from blockstream ? sure they seem to have the best interest in bitcoin  at heart or crypto in general. Or maybe you talk about the guy that actually invented coinjoin, lol he is calling is own invention snake-oil  ?!?, sounds legit.  

At any rate DASH it's privacy has never been broken, the same can not be said about Monero's (older) version's all the while claiming that it was superior to DASH, and trolling and FUDDING at full speed. Honestly for me that is quit telling.
An Empirical Analysis of Linkability in the Monero Blockchain:
http://monerolink.com/monerolink.pdf

https://steemit.com/cryptonote/@macrochip/warning-every-cryptonote-monero-transaction-in-history-will-be-retroactively-exposed (writen by a pro-dasher )

[BitcoinOnFire]

It was a really very hard decision. Especially it was hard to drop this business because of incredible high income. But we never had any government or legal pressure, it is only my own opinion. I really believe in clean transparent Bitcoin. I really happy that Bitcoin legalized as payment system and currency in many countries, I actually didn't believe in this in 2011.

Man, please answere me this question also:
1. is a knife good or bad tool?
2. is atomic energy good or bad tool?
3. BTC mixer is bad or a good tool?

[c789]

Monero has no competition.

Great you post a pro Monero bias article in favor of Monero that incorrectly states facts about other coins than Monero.
My info are facts, about all the coins. You can choose to believe what you want, but I take a trust-less coin any day of the week over need to trust code and devs.

Not true. If you read the link that you posted, you'd see that the bug was discovered and patched, and it was done BEFORE anyone had exploited it. It was discovered by XMR devs, not by others or hackers. The XMR community voluntarily pays for PhD mathematicians and cryptographers to scrutinize the code and look for weaknesses. The code is all open source so anyone can review it and verify this.

Since BTC devs and cryptographers point out security problems with Dash, Zcash, mixing services, and others, but haven't with Monero, that should tell us something.

How can you say not true ? I provided you with an actually proof, the proof  is from the Monero team them-self. If you can't see it for what is, I don't know what will.

From the link you posted, and evidently haven't read:

We patched it quite some time ago, and confirmed that the Monero blockchain had NEVER been exploited using this

Anyone can verify this by going to the link you posted and by checking out the source code. There is no problem or exploit.

Continually posting easily refutable errors/lies under a new account is the only thing here that is suspect.

[2girls]

While I can fully appreciate your prerogative to do business when and where you want, I just find it funny, and not in a bad way against you, that was August 1st coming up you did this now.

[taxmanmt5]

While I can fully appreciate your prerogative to do business when and where you want, I just find it funny, and not in a bad way against you, that was August 1st coming up you did this now.

The only reason I say this, is that I think the only true mixing where it is completely obscured would be in the midst of this forking. While it may be nearly impossible to discern and connect inputs coming in to outputs going out in a mixer, the technology and the power to parse all of that data it's getting to the point where mixing is damn near impossible, I think this Fork was one of the last opportunities to really have a few transactions where the data would be so obscured that you could really hide something. Anyway good luck.

[markj113]

I would suggest everyone takes a good look at Jumblr by supernet.

It will be part of the agama multi coin wallet and is a secure & trustless coin mixer, there will also be an inbuilt decentralised exchange capable of atomic swaps.

No brainer for everyone to support this development with a move away from centralised services & exchanges.