Bitcoin Forum
September 24, 2021, 10:30:39 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: Bitcoin Mixers are Obselete  (Read 45 times)
Offline Offline

Activity: 2450
Merit: 1857

View Profile
December 29, 2020, 04:42:49 AM

A week ago DrDoofenshmirtz released an open source beta version of a "chaum bank" called moneypot. The release has flown under the radar, but I think it's a pretty significant development.

While it's not designed for it, I think an interesting aspect is that it accidentally totally and completely obsoletes bitcoin mixers. It has all the positive aspects of a bitcoin mixer (ease of use, non-repudiation) while offer huge advantages:
* cheaper
* there's no need to trust the mixer to not record/share/save/sell the link between inputs and outputs. On moneypot the custodian literally doesn't know themselves
* it's a useful wallet in its own right
* less tainted pool of coins
* all code is opensource, even the custodian

As far as I can tell, is strictly better than any bitcoin mixers. I don't see a single advantage. Hence: bitcoin mixers are obselete, it offers zero advantages over a privacy wallet like moneypot and a lot of disadvantages. Anyone want to change my mind?

Disclaimer: I am emotionally invested in the project. I however have no financial interest in it, nor have any involvement with the operations or running the custodian.

Check out for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
Pages: [1]
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!