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Author Topic: Is Bitcoin Mixer a must?  (Read 1601 times)
genocide (OP)
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July 25, 2017, 01:41:32 AM
 #1

Almost everyone making online transactions thinks that using bitcoins would be a good way to stay anonymous. But the truth is bitcoin transactions are not really anonymous at all. All transactions are recorded and can be seen publicly through the blockchain. When you use your bitcoin to pay for goods and services online, you will need to provide some private information in some cases. This means that your transactions can be traced by a third party to find information. In order to avoid this from happening, bitcoin mixers provide services where your bitcoins are mixed with others to make it harder to be traced back from the original owner.

Do you think that it is a must for everyone to use a bitcoin mixer? Why and for what purposes?
mk4
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July 25, 2017, 03:07:46 AM
 #2

I personally don't think so. I use bitcoin to pay for some various online services like proxies/VPSs, etc but I don't use mixers. Why? So what if they can track my funds on a certain wallet. I don't put all my bitcoins on one wallet, for my funds to be more organized and also to provide a layer of anonymity.

But yea, if you're a bit paranoid and or you want an extra layer of anonymity, then go ahead. Feel free to use mixers.

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Wind_FURY
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July 25, 2017, 03:11:39 AM
 #3

No one is definitely not needed many hardware wallets have many addresses and it sends from multiple and you can request with a new one

That hardly protects your privacy. Bitcoin mixers are a must especially if you deal with sensitive and often illegal activities online. But for your general Bitcoin usage, it is not really needed.


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kriptotr
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July 25, 2017, 03:14:39 AM
 #4

No one is definitely not needed many hardware wallets have many addresses and it sends from multiple and you can request with a new one

That hardly protects your privacy. Bitcoin mixers are a must especially if you deal with sensitive and often illegal activities online. But for your general Bitcoin usage, it is not really needed.



But if somebody knows our bitcoin address, then he can watch us as long as we use the same wallet. This is really bothering for me. I couldn' find a solution rather than btc mixer.
Yuhee
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July 25, 2017, 03:34:08 AM
 #5

No one is definitely not needed many hardware wallets have many addresses and it sends from multiple and you can request with a new one

That hardly protects your privacy. Bitcoin mixers are a must especially if you deal with sensitive and often illegal activities online. But for your general Bitcoin usage, it is not really needed.



But if somebody knows our bitcoin address, then he can watch us as long as we use the same wallet. This is really bothering for me. I couldn' find a solution rather than btc mixer.

Well it is really in a users preference, some do not care about mixer some would make it a big deal depending on hiw much they transacting. Because for me i do not mind for this moment as i have yet  make transactions bigger than .1 btc. Because they me publicized but i think it is untouchable and if were to become hackable there would have bewn a big issue on the security of blockchain.
Herbert2020
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July 25, 2017, 03:44:35 AM
 #6

a bitcoin mixer is not the only way of mixing your coins and it is not even the best way of doing it. there are many different methods you can use to mix coins and each give you a different level of privacy.
in the end it will all come down to what you want out of this privacy. some people want to keep their affairs private. like for example you posted your bitcoin address on the forum but don't want anyone knowing how much bitcoin in total you own, or where you spend them.
but for some others they want to hide their illegal activities. and that is the tricky part.

i can't say it is a must or not but it is certainly good to have good services around.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
ryanben
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July 25, 2017, 04:05:39 AM
 #7

Almost everyone making online transactions thinks that using bitcoins would be a good way to stay anonymous. But the truth is bitcoin transactions are not really anonymous at all. All transactions are recorded and can be seen publicly through the blockchain. When you use your bitcoin to pay for goods and services online, you will need to provide some private information in some cases. This means that your transactions can be traced by a third party to find information. In order to avoid this from happening, bitcoin mixers provide services where your bitcoins are mixed with others to make it harder to be traced back from the original owner.

Do you think that it is a must for everyone to use a bitcoin mixer? Why and for what purposes?
Bitcoin mixer is an anonymous service, that confuses the trails of Bitcoin transactions.
Most of the bitcoin tumblers use the following technology: the client's funds are divided into smaller parts. These parts are mixed at random with similar parts of other clients. As a result, the client receives absolutely new coins.
Because of that, it became the cause for the bitcoin to be split on August 1st

|Bitkoin|
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July 25, 2017, 04:07:14 AM
 #8

a bitcoin mixer is not the only way of mixing your coins and it is not even the best way of doing it. there are many different methods you can use to mix coins and each give you a different level of privacy.
in the end it will all come down to what you want out of this privacy. some people want to keep their affairs private. like for example you posted your bitcoin address on the forum but don't want anyone knowing how much bitcoin in total you own, or where you spend them.
but for some others they want to hide their illegal activities. and that is the tricky part.

i can't say it is a must or not but it is certainly good to have good services around.

What is the best way of mixing coins, if you don't mind me asking?
hatshepsut93
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July 25, 2017, 04:46:47 AM
 #9

If you are concerned about privacy, one of the first steps is to avoid spend-linking your addresses. It can be done by carefully selecting addresses for your incoming and outcoming transactions, and even having multiple wallets.

Here's an example - let's imagine you want to make a deposit in a casino, but gambling is banned in your country, so you need to prevent others from linking your addresses to your identity. If you have used exchange to buy Bitcoins, you can't send those coins directly to your casino deposit address, because casino addresses are very well knows, so exchange operator will know both your identity and the fact that you have used illegal gambling services, and can easily reveal this information to the police. But if you have coins that aren't linked to your person, like for example your payment for a signature campaign, you could send them to your casino account directly and stay anonymous, as long as you don't spend-link them with addresses that can be traced to you. So, in my example, if you will use coins from your signature campaign address and exchange address to pay to some address (no matter what it is), you will reveal the fact that you have deposited to a casino, even though it wasn't a direct transaction from your exchange account. This also means that you can potentially spend-link your mixed coins with addresses that are linked to your identity, effectively voiding your mixing. So plan your transactions carefully if privacy is a real concern to you.

This site - https://www.walletexplorer.com - allows you to check for connections between addresses and it also know what addresses belong to some services, like popular exchanges or casinos.
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July 25, 2017, 04:49:47 AM
 #10

There is a need to avail of the Bitcoin Mixer service if one is looking for more privacy and anonymity that the usual Bitcoin transaction may fail to provide. There are people who are using Bitcoin Mixer and they have their own reasons why they got the service. Avoiding getting tracked can be the main issue and that can be linked to total privacy. Of course, we might linked the use of mixers to illegal transactions but this is not all true in all cases.
craZyLovE0916
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July 25, 2017, 05:17:50 AM
 #11

Yes, Bitcoin mixers are a must in the crypto market. Without them, Bitcoin would not be where it is today as it was used mostly for illegal transactions in the early days. These users needed a way to launder their coins to avoid being traced. Do not mix your own coins manually... it takes way too long and isn't as reliable as a professional mixing service.

Now, not all mixing is illegal. In fact, it is perfectly reasonable to want to mix your coins for a variety of reasons. I recommend ChipMixer as they are 100% FREE as opposed to the others who charge commissions.
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July 25, 2017, 05:22:18 AM
 #12

If the Blockchain lack protection features to protect your financial privacy, then you must use some third party service to fill that gap. The mixer services just break the link in the chain for you and you can strengthen your pseudo-anonymity with tools like this.

You still have the choice not to use them, but then you have to deal with the risks. < getting targeted by hackers & thieves > I will rather use them to increase my security and anonymity.

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July 25, 2017, 05:32:39 AM
 #13

i can't see the reason of a mixer, i never used, one, it's better to use multiple wallet if you want more privacy, which is what i'm doing, besides a mixer is not 100% anonymous, because the one running it can still track you

and also what make the transactions areally anonymous, is not if it can traced back but if it is linked with your real name, if they don't know my real identity who care if they can trace all my transactions back?
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July 25, 2017, 05:39:36 AM
 #14

I don't think that it is must because using Bitcoin in the normal way is enough to stay anonymous from others (other than the party which is involved in the transaction). If we are using it for legal purpose then there is no need to use Bitcoin mixer. Yes, if you want to take extra precaution for your transaction (for journalists etc) then they should go with Bitcoin mixer because they are the ones who are mostly under the radar of the government.
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July 25, 2017, 05:42:51 AM
 #15

i can't see the reason of a mixer, i never used, one, it's better to use multiple wallet if you want more privacy, which is what i'm doing, besides a mixer is not 100% anonymous, because the one running it can still track you

and also what make the transactions areally anonymous, is not if it can traced back but if it is linked with your real name, if they don't know my real identity who care if they can trace all my transactions back?

Me too. I don't used mixing services to hide my identity like depositing to a gambling site. Better option is like what Amph said, used multiple wallet instead. But we have to remember that bitcoin is psuedo anonymous. So even if we used mixing services, they still know were the money came from because they have their logs as proof. So for me, a mixing services is not a must, as long as you are not doing any dark web or dark market transactions you should be fine.

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cafucafucafu
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July 25, 2017, 06:45:49 AM
 #16

Well, I don't think that using a mixer would be required, since regular wallets that have multiple addresses are pretty safe and will make you hard to track, so there is really no need for it unless:

1. You suddenly received a bunch of funds, and you need to cover your tracks for the people who are chasing you.

2. You want to do something illegal and cover your tracks.

No need really.

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July 25, 2017, 06:53:02 AM
 #17

If someone wanna be anonymous transaction in bitcoins, they must use bitcoins mixing services (i recomended to use [banned mixer] they have the bitcoins in reserve and it can be trusted in experience) but if the people doesn't wanna be anonymous in transaction of bitcoins, the bitcoins mixing services is no needed.
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July 25, 2017, 07:01:48 AM
 #18

To straighten out the question, we could ask "Is privacy a must"?  And ultimately, that boils down to a matter of preference.  Privacy is a big deal for some people and not even remotely a concern for others.  If privacy is important to you, then yes, use mixing services, learn how coin taint works, use a new address for each payment you receive, make sure your wallet software utilises change addresses (not all do) and a few other steps you can take to limit traceability.  If you don't care about privacy, however, you won't need to do any of that.

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July 25, 2017, 07:05:32 AM
 #19

When we use bitcoin for purposes that do not violate the law, it is not necessary to use bitcoin mixer. But when we use it for something that potentially to cause problems later on, gambling as an example, then bitcoin mixer is a must. As we know, gambling isn't a legal thing in many countries.
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July 25, 2017, 07:09:56 AM
 #20

Almost everyone making online transactions thinks that using bitcoins would be a good way to stay anonymous. But the truth is bitcoin transactions are not really anonymous at all. All transactions are recorded and can be seen publicly through the blockchain. When you use your bitcoin to pay for goods and services online, you will need to provide some private information in some cases. This means that your transactions can be traced by a third party to find information. In order to avoid this from happening, bitcoin mixers provide services where your bitcoins are mixed with others to make it harder to be traced back from the original owner.

Do you think that it is a must for everyone to use a bitcoin mixer? Why and for what purposes?
Actually bit mixer services are used by those persons who are totally want to be anonymous and make bulk transaction .
And there are few people who want remain always annonymous due to some other reasons ( don't want prefer to show anyone ) .
But overall I don't think that there will be any use of the tracking because here in the current time many numbers of the wallets are available whose wallet adresses kept changes every hours and every transaction .So there is not much use of bit mixer ( but still some people needed because of thier business security and privacy ) .
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