Mixmycoin - Bitcoin Mixing - Sustainable 18% APY for Deposits

[z3r0]

Hi everyone in the Securities section,

I'm here to announce Mixmycoin, a Bitcoin mixing service. Mixmycoin sources it's coins from users like you. Simply deposit, and you'll earn interest every minute which works out to be 18% APY.

How do we make money?

Mixmycoin charges a 1.9% fee for mixing. It only takes 9 cycles to pay for a year of your interest. As you can see, our business model is transparent and we can easily update interest rates to accommodate our volume.

How can I withdraw then?

You can withdraw with taint for just 0.1%! (But we suggest mixing, you'll also help fight redlisting!)

How can I trust you? You're anonymous!

That's correct, but do you expect someone non-anonymous to run a Bitcoin mixing service? Trust is something built up over time, but keep in mind our business model is very transparent.

Visit Mixmycoin.com

[1714818178]

1714818178

[1714818178]

1714818178

[1714818178]

1714818178

[1714818178]

1714818178

[z3r0]

For the first 7 days of our service, we are donating 50% (which means 0.95% of net 0% taint withdrawals) to the Bitcoin Dark Wallet project, which aims to create a Bitcoin wallet with privacy by default. It's the perfect time to test us out.

[fligen]

Nice site, really interesting business model. Depositing some coins to test this out.

[TheoryOfBitcoin]

This, along with CoinJoin and Dark Wallet is what Bitcoin needs. I personally don't have enough coins to make depositing here for interest worthwhile, but I'll definitely be using this and I'm glad to see that people are building solutions that keeps Bitcoin fungible.

By the way if you have not seen it, you need to read what is going on in the private Bitcoin Foundation forums: https://bitcointalk.org/index.php?topic=334520.msg3590446#msg3590446

[ScammerZhouTong]

Perfect, another mixer to use

How much BTC can you handle? Can you handle 4100 BTC with 0% taint?

[twentyseventy]

Why not pay a certain percentage of fee revenue to those with deposited coins, just-dice style?

[shadallion]

How does the whole "Authenticate" thing work.

Can you post a step-by-step breakdown of how a brand new customer gets set up with an account, deposits coins, mixes them, then withdraws?  Or better yet, add those steps to a FAQ on the site?

[velacreations]

Oh god that moving background. It's horrible, and I can assure you many people have trouble physically standing it. You don't want coins tainted with vomit.

this +1

you guys owe me a new keyboard...

[twentyseventy]

Oh god that moving background. It's horrible, and I can assure you many people have trouble physically standing it. You don't want coins tainted with vomit.

this +1

you guys owe me a new keyboard...

+2

Less is more, they say.

[z3r0]

How does the whole "Authenticate" thing work.

Can you post a step-by-step breakdown of how a brand new customer gets set up with an account, deposits coins, mixes them, then withdraws?  Or better yet, add those steps to a FAQ on the site?

1. Click on generate new token. Record the token.
2. Click on Authenticate
3. Deposit coins
4. Withdraw with 0% taint

Waiting a few hours and breaking up the amounts and sending them to different addresses is recommended.

So that 18% is based on a prediction of how much business you're going to get. What happens if you don't? You're going to be unable to let everyone withdraw. Why not give variable interest and be safe?

The 18% rate is chosen from market research (sorry, cannot go more specific than that). However we will adjust the interest rate based on our volume.

----

To everyone that did not appreciate the CSS3 effects, they have been significantly toned down.

[Deprived]

However we will adjust the interest rate based on our volume.

So is the rate 18% or is it variable?  There's a big difference between "we'll pay 18%" and "we'll pay a variable rate based on what we actually make".  Which is it?  Is it's a fixed 18% then proof please of funds sufficeint to pay that (without touching capital).  If it's a variable rate then please define the means by which the rate is calculate and the way by which investors can verify that the rate being paid is the real rate due according to what criteria you use.

Have to say it seems like just a scam to me - ask for cash with vague promises then take the cash and pay fuck-all (or pay a decent rate until investments dry up THEN pay fuck-all).

[z3r0]

So is the rate 18% or is it variable?  There's a big difference between "we'll pay 18%" and "we'll pay a variable rate based on what we actually make".  Which is it?  Is it's a fixed 18% then proof please of funds sufficeint to pay that (without touching capital).  If it's a variable rate then please define the means by which the rate is calculate and the way by which investors can verify that the rate being paid is the real rate due according to what criteria you use.

Have to say it seems like just a scam to me - ask for cash with vague promises then take the cash and pay fuck-all (or pay a decent rate until investments dry up THEN pay fuck-all).

It's currently 18% but it's variable. As for the criteria, that's based on supply and demand - we're not paying out 100% of our fees for example. If you don't like the rate you're given, you can pull out.

[freebits]

confirmed 0% taint (with small test amount)

[MPOE-PR]

How can I trust you? You're anonymous!

That's correct, but do you expect someone non-anonymous to run a Bitcoin mixing service? Trust is something built up over time, but keep in mind our business model is very transparent.

Then kindly post it, along with your WoT credentials, and the other relevant details needed for those with level heads to actually make an assessment.

[z3r0]

"Cannot Find Inputs" issue fixed, if you got that error please try again now.

[Kluge]

~18% annually doesn't even come close to counterbalancing the risk associated with putting coins in an unlicensed business operated anonymously and unlawfully. 18% is the rate I'd consider giving a geographically-close, long-time friend who wanted to do this.

This rate would make more sense if it worked similar to Blockchain.info's subsidy. At times when they had just a few very large inputs, they'd pay people a % to mix their coins, which would be quickly spit out like any normal user's, not held like a certificate of deposit.

[theskillzdatklls]

cool idea but needs a lot more work done first

[fligen]

If they have a viable business model then the incentive to be legit is bigger than the incentive to scam. You should be worried about them being seized but I am not aware of any laws forbidding bitcoin tumblers.

[ishkur]

Caution using this service

I made 2 deposits and 7 withdrawal.  Of the 7 withdrawals the first 5 were flawless, but the last 2 went MIA and still have yet to be seen.

SCAM or something went terribly wronng.

[theskillzdatklls]

I think this site had a really good business model so I hope a legitimate site starts up sooner or later