Bitcoin Forum
December 10, 2016, 06:32:35 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Announcing the Bitcoin Laundry (beta)  (Read 10606 times)
mikegogulski
Sr. Member
****
Offline Offline

Activity: 360



View Profile WWW
December 03, 2010, 06:55:07 PM
 #21

Gee Mike, do you have to use the "L" word? ;-)

Are you familiar with 1MDC?

I'm familiar with 1MDC. Does L stand for something? I get what you're saying, but miss the reference unless it's simply to "ledger".

The more I think about this, the less I want to be a service which holds balances on behalf of depositors. I want my clients' risk exposure to be ephemeral, the duration of generation of a block or three. I also want to maintain the absolute minimal state data on my clients during and after their transactions. I don't want to be the dick who gets his walled seized by Teh Man and leaves thousands of depositors cursing my name.

Still, I like Davout's vision, lemurs and all. What I'm thinking about is a model in which depositors can stake a certain amount of value for a period of time they specify themselves, and after which it's returned to them automatically in full if there isn't a request submitted to make use of their deposit.

Am I right in thinking that since my system would take a commission and thereby build up a balance that over time that balance itself would introduce useful entropy?

FREE ROSS ULBRICHT, allegedly one of the Dread Pirates Roberts of the Silk Road
Some PGP public keys you should import: theymos, BadBear, Sirius, Stefan, Wladimir, Gavin, Gregory, Jeff, Pieter
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481394755
Hero Member
*
Offline Offline

Posts: 1481394755

View Profile Personal Message (Offline)

Ignore
1481394755
Reply with quote  #2

1481394755
Report to moderator
davout
Legendary
*
Offline Offline

Activity: 1358


1davout


View Profile WWW
December 03, 2010, 06:56:48 PM
 #22

...less than 200 lines of PHP, plus my bitcoin-php library. I'm looking for the best ideas, though.

The best idea I could give you is : switch to Rails my friend Cheesy

mikegogulski
Sr. Member
****
Offline Offline

Activity: 360



View Profile WWW
December 03, 2010, 07:06:19 PM
 #23

...less than 200 lines of PHP, plus my bitcoin-php library. I'm looking for the best ideas, though.

The best idea I could give you is : switch to Rails my friend Cheesy

Sure, because being able to curry my lambdas is really going to address the key problems you mentioned before.

Still, if you let me have your lemur, I will consider your proposal Smiley

FREE ROSS ULBRICHT, allegedly one of the Dread Pirates Roberts of the Silk Road
nanaimogold
Sr. Member
****
Offline Offline

Activity: 406


Exchanger


View Profile WWW
December 03, 2010, 07:19:57 PM
 #24

Gee Mike, do you have to use the "L" word? ;-)

Are you familiar with 1MDC?

I'm familiar with 1MDC. Does L stand for something? I get what you're saying, but miss the reference unless it's simply to "ledger".

...

I can't say it for fear of invoking a demon. When I hear the "L" word I tend to cover my ears and loudly chant LA-LA-LA-LA-LA

lemur4bitcoin.com - lemurs for all!

https://www.nanaimogold.com/ - World's first bitcoin exchange service
mikegogulski
Sr. Member
****
Offline Offline

Activity: 360



View Profile WWW
December 03, 2010, 07:23:31 PM
 #25

lemur4bitcoin.com - lemurs for all!
Code:
syadasti@nobody:~/.bitcoin$ dig lemur4bitcoin.com ns

; <<>> DiG 9.7.0-P1 <<>> lemur4bitcoin.com ns
;; global options: +cmd
;; Got answer:
;; ->>HEADER<<- opcode: QUERY, status: NXDOMAIN, id: 16483
;; flags: qr rd ra; QUERY: 1, ANSWER: 0, AUTHORITY: 1, ADDITIONAL: 0

;; QUESTION SECTION:
;lemur4bitcoin.com.             IN      NS

;; AUTHORITY SECTION:
com.                    900     IN      SOA     a.gtld-servers.net. nstld.verisign-grs.com. 1291404117 1800 900 604800 86400

;; Query time: 146 msec
;; SERVER: 127.0.0.1#53(127.0.0.1)
;; WHEN: Fri Dec  3 20:22:21 2010
;; MSG SIZE  rcvd: 108

syadasti@nobody:~/.bitcoin$
ZOMG!

FREE ROSS ULBRICHT, allegedly one of the Dread Pirates Roberts of the Silk Road
Alex Beckenham
Full Member
***
Offline Offline

Activity: 154


View Profile
April 10, 2011, 08:00:02 PM
 #26

Have any of the suggested improvements in this thread been implemented (since December 2010)?

Is the site still operational?

Full Member
***
Offline Offline

Activity: 120


View Profile
April 11, 2011, 06:15:22 AM
 #27

Not quite first to market.
http://bitcointalk.org/index.php?topic=963.0
https://bitlaundry.appspot.com/

Smiley

Also, another interesting thread: http://bitcointalk.org/index.php?topic=241.0

1NNtT9WQZc2EftEQtkQLSN7obzogckEqq5
All the cool kids are leaving a donation address in their sig?
State-less capitalist society = Mafia run society. Capitalist apologists who support such this, are not anarchists.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2002



View Profile
April 30, 2011, 09:06:34 PM
 #28

The commission dropped to 0.5%.

gofunk
Newbie
*
Offline Offline

Activity: 4


View Profile
February 08, 2015, 12:26:15 PM
 #29

Can you explain how this works?

Sure!

You visit the site and tell it you want to launder a certain number of bitcoins. You provide that number, along with the bitcoin address to deliver to.

The site generates a fresh new Bitcoin address and presents it to you with instructions to pay your desired amount to it.

You send the requisite number of Bitcoins to that address.

Once that transaction gets 1 confirmation, the site sends the address you provided the same number of Bitcoins, minus the commission.

Make sense?

Im sitting with 69 confirmations and no sign of my coins!? Im concerned.....
koelen3
Legendary
*
Offline Offline

Activity: 980


Sooner or later, a man who wears two faces forgets


View Profile
February 08, 2015, 04:34:17 PM
 #30

Can you explain how this works?

Sure!

You visit the site and tell it you want to launder a certain number of bitcoins. You provide that number, along with the bitcoin address to deliver to.

The site generates a fresh new Bitcoin address and presents it to you with instructions to pay your desired amount to it.

You send the requisite number of Bitcoins to that address.

Once that transaction gets 1 confirmation, the site sends the address you provided the same number of Bitcoins, minus the commission.

Make sense?

Im sitting with 69 confirmations and no sign of my coins!? Im concerned.....

It has been so long does this even works anymore?
Anyway just to clear you up , if mike implemented it right , it will take time to change your (illegal BTC) to good btc , by waiting for someone else to contribute in the pool
gofunk
Newbie
*
Offline Offline

Activity: 4


View Profile
February 08, 2015, 10:37:16 PM
 #31

Can you explain how this works?

Sure!

You visit the site and tell it you want to launder a certain number of bitcoins. You provide that number, along with the bitcoin address to deliver to.

The site generates a fresh new Bitcoin address and presents it to you with instructions to pay your desired amount to it.

You send the requisite number of Bitcoins to that address.

Once that transaction gets 1 confirmation, the site sends the address you provided the same number of Bitcoins, minus the commission.

Make sense?

Im sitting with 69 confirmations and no sign of my coins!? Im concerned.....

It has been so long does this even works anymore?
Anyway just to clear you up , if mike implemented it right , it will take time to change your (illegal BTC) to good btc , by waiting for someone else to contribute in the pool

Last transaction I seen on another thread were Mike confirmed it was November 2014. Guy got his coin back just a little over 18 hours. Way past that for me.... The wait is killing me!
gofunk
Newbie
*
Offline Offline

Activity: 4


View Profile
February 12, 2015, 11:29:04 AM
 #32

all sorted now cheers mike
koelen3
Legendary
*
Offline Offline

Activity: 980


Sooner or later, a man who wears two faces forgets


View Profile
February 18, 2015, 06:02:03 PM
 #33

all sorted now cheers mike

Good
So did you got your coins laundered or he just sent them back?
Stellaartois
Full Member
***
Offline Offline

Activity: 123


View Profile
February 20, 2015, 11:13:53 PM
 #34

How does this work and how do people know that it has actually been laundered what processes have you gone through to do this

koelen3
Legendary
*
Offline Offline

Activity: 980


Sooner or later, a man who wears two faces forgets


View Profile
February 21, 2015, 06:09:52 AM
 #35

How does this work and how do people know that it has actually been laundered what processes have you gone through to do this

Ifyou really looking to launder some money
Use bitmixer , they are reputated and wait won't be that long
Mehek
Full Member
***
Offline Offline

Activity: 154



View Profile
February 21, 2015, 02:35:27 PM
 #36

Do anyone can clear me this consept please?I mean what is the difference bettwen this and bitmixer.io?do both works same or both are different?and please no pm's

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!