BitCoinCache.com -- new site, first tool "Coin Scrambler"!

[jbcmine]

I've been a software engineer / web developer for some time now and most recently got into Bitcoins. Invested a little cash, and bought a Radeon 7970 for mining !

I noticed there were only a few sites which offered Bitcoin "laundering" so I decide to make one myself with a very low commission rate (.9%) .

Wallet file is not stored on web server and transactions are all handled manually.

More tools and information resources will be added but I'd love to give the bitcointalk.org community a first look at the site before I remove the robots.txt restriction and allow indexing.

Please let me know what you think and feel free to test the "Coin Scrambler" out!

https://www.bitcoincache.com


Thanks,
JBCMINE

[1714905820]

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[1714905820]

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[hamdi]

nice

[Kazimir]

Didn't try it yet but looks very good.

One thing though, you seem to miscalculate the commission with a factor 100

If I want to transfer 1 BTC, the commission rate of 0.009% should be 0.00009 BTC, so I should transfer 1.00009 in total. However, instead it requests 1.009 BTC to be sent.

Perhaps you confused a factor or fraction of 0.009 with 0.9% :

9% of 100 BTC is 9 BTC
9% of 10 BTC is 0.9 BTC
9% of 1 BTC is 0.09 BTC
0.9% of 1 BTC is 0.009 BTC
0.09% of 1 BTC is 0.0009 BTC
0.009% of 1 BTC is 0.00009 BTC

[bitcats]

Looks nice 

[Toby]

I don't get it...  = newbie

[jbcmine]

Didn't try it yet but looks very good.

One thing though, you seem to miscalculate the commission with a factor 100

If I want to transfer 1 BTC, the commission rate of 0.009% should be 0.00009 BTC, so I should transfer 1.00009 in total. However, instead it requests 1.009 BTC to be sent.

Perhaps you confused a factor or fraction of 0.009 with 0.9% :

9% of 100 BTC is 9 BTC
9% of 10 BTC is 0.9 BTC
9% of 1 BTC is 0.09 BTC
0.9% of 1 BTC is 0.009 BTC
0.09% of 1 BTC is 0.0009 BTC
0.009% of 1 BTC is 0.00009 BTC

Thanks for the heads up, I meant .9% and was displaying the # used
for calculating.

[jbcmine]

- Application has now been updated to give a unique "send to" address for every request.
- Minimum amount to "scramble" is now 1 BTC.
- Commission percentage display has now been fixed.

[TobyGoodwin]

So under what circumstances would a coin scrambling service be useful?

Toby.

P.S. Hi! to the other Toby.

[jbcmine]

A coin scrambling service is useful to dilute or make the trail of transactions more difficult to trace. Increased anonymity.

[bitcats]

If you really handle each transaction manually, you will have your hands full.

[d6d4d59]

how hard would it be to automate the scrambling?

[Kazimir]

- Application has now been updated to give a unique "send to" address for every request.

Why?

For anonimity purposes (making it harder to trace coins), I'd say it's better if all scrambling is done through one common address.

[jbcmine]

If you really handle each transaction manually, you will have your hands full.

Automating the scrambling would be possible, but I'd rather handle everything manually due to security. An SSL Certificate has been added to the site as well and will be active within 48 hours.

[nedbert9]

Thanks for making this.

[jbcmine]

Thanks for making this.

You are very welcome. SSL encryption is now active on the site.

[Kazimir]

I'd really like to stress this point again:

For anonymity purposes (making it harder to trace coins), I'd say it's better if all scrambling is done through one common address.

And also, to further increase anonymity, you might want to consider restricting the amount of coins to be scrambled to powers of 2.

If I send 173.54 BTC to your address, which is probably quite a "unique" amount, and then you send (1-0.009) times that to another address, someone might still kinda recognize it.
If I send 128 BTC to your address, along with lots of other people, you would send just as many payments of 126.848 out to other addresses, and nobody can tell one address from another anymore (thus not distinguishing anyone in particular).

[Panama Jack]

Interesting idea. Financial privacy is important and services like these are a great idea.

[jbcmine]

Interesting idea. Financial privacy is important and services like these are a great idea.

Glad it will be useful. Opened site up to search engines today.

[Kazimir]

If I scramble some coins through your website now, and I do it again next month (with different 'dirty' and 'clean' addresses), can I be sure there is no chance I am receiving my previously 'dirty' coins from last time?

[bitcats]

If I scramble some coins through your website now, and I do it again next month (with different 'dirty' and 'clean' addresses), can I be sure there is no chance I am receiving my previously 'dirty' coins from last time?

You have "dirty" coins