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BitNerd (OP)
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February 12, 2015, 12:41:44 PM |
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Suppose I want to share my public key for donations, but the problem is everyone can see how many btc I have. Suppose I create a second account for donations but now people can see where all the btc goes from there and cunclude it's my address. How to share a public key and still hide my savings?
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Dennahz
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February 12, 2015, 12:43:02 PM |
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Donation wallet => exchange => your real wallet.
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redsn0w
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Activity: 1778
Merit: 1043
#Free market
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February 12, 2015, 12:43:37 PM |
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Suppose I want to share my public key for donations, but the problem is everyone can see how many btc I have. Suppose I create a second account for donations but now people can see where all the btc goes from there and cunclude it's my account. How to share a public key and still hide my savings?
You can use a "mixer" or send the bitcoin to an exchange and after withdraw them (quickly) to another your bitcoin address. |
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BitNerd (OP)
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February 12, 2015, 12:44:10 PM |
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Donation wallet => exchange => your real wallet.
Don't you pay fees when you send and take from exchange? |
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NeuroticFish
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Activity: 3850
Merit: 6583
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February 12, 2015, 12:48:29 PM |
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donation wallet => any crypto currency exchange (poloniex, bittrex, hitbtc, ... name it) => (trade) buy a stable altcoin with low transaction fees (dogecoin?) => transfer that altcoin to another exchange => (trade) that altcoin back to bitcoin => send it to your main wallet.
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Dennahz
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February 12, 2015, 12:55:56 PM |
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Donation wallet => exchange => your real wallet.
Don't you pay fees when you send and take from exchange? Yea, that's the only catch. But most exchanges aren't that expensive. |
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BitNerd (OP)
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February 12, 2015, 01:00:29 PM |
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donation wallet => any crypto currency exchange (poloniex, bittrex, hitbtc, ... name it) => (trade) buy a stable altcoin with low transaction fees (dogecoin?) => transfer that altcoin to another exchange => (trade) that altcoin back to bitcoin => send it to your main wallet.
Why transfering back and forth to an altcoin? |
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EcuaMobi
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Activity: 1876
Merit: 1475
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February 12, 2015, 01:02:09 PM |
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donation wallet => any crypto currency exchange (poloniex, bittrex, hitbtc, ... name it) => (trade) buy a stable altcoin with low transaction fees (dogecoin?) => transfer that altcoin to another exchange => (trade) that altcoin back to bitcoin => send it to your main wallet.
This will incur much more 'fees' but it'd be virtually impossible to track. Or you can use blockchain.info's Shared Send option which is almost free but less protected. You need to decide how much you need to hide your main account and most probably the price/fee will go accordingly. |
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Honeybooboo
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February 12, 2015, 01:09:00 PM |
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Donation wallet => exchange => your real wallet.
Don't you pay fees when you send and take from exchange? If you want to hide your coins sufficiently it's going to cost you a little bit. You can send them to any other website such as a dice site or exchange or mixer then send them back to a new address but this is the only real way you can do it. |
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DannyHamilton
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Activity: 3472
Merit: 4801
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February 12, 2015, 01:55:42 PM |
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Suppose I want to share my public key for donations, but the problem is everyone can see how many btc I have. Suppose I create a second account for donations but now people can see where all the btc goes from there and cunclude it's my address. How to share a public key and still hide my savings?
Give every donor a different address to send to. Then nobody will know how much you received. They'll only be able to see their own transaction to you. |
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little_chrisna
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Activity: 15
Merit: 0
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February 12, 2015, 01:58:17 PM |
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Suppose I want to share my public key for donations, but the problem is everyone can see how many btc I have. Suppose I create a second account for donations but now people can see where all the btc goes from there and cunclude it's my address. How to share a public key and still hide my savings?
You need Exchanger Wallet.. |
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NeuroticFish
Legendary
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Activity: 3850
Merit: 6583
Looking for campaign manager? Contact icopress!
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February 12, 2015, 02:03:02 PM |
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donation wallet => any crypto currency exchange (poloniex, bittrex, hitbtc, ... name it) => (trade) buy a stable altcoin with low transaction fees (dogecoin?) => transfer that altcoin to another exchange => (trade) that altcoin back to bitcoin => send it to your main wallet.
Why transfering back and forth to an altcoin? Any other method has a chance to get to this: Your Public Address => Intermediate (Exchange?) address => Your "private" address which means it's not the private anymore. With my method, from outside anyone will see: Your Public Address => Exchange address => money spent. Some other exchange address (altcoin) => Address for same altcoin on different exchange (nobody will track / care about that) Some address nobody cares about (your BTC address on 2nd exchange) => Your private address (again, nobody will track that). If you are a drug dealer or such, I just saved your butt, so I'd expect a generous tip. My public address is in profile. |
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dothebeats
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Activity: 3766
Merit: 1354
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February 12, 2015, 02:56:32 PM |
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Easy. Mix your coins with different addresses and point it out to your main address. If you want to have an address for public donation, just generate a new one and mix your coins as well.
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dothebeats
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Activity: 3766
Merit: 1354
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February 12, 2015, 02:57:39 PM |
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donation wallet => any crypto currency exchange (poloniex, bittrex, hitbtc, ... name it) => (trade) buy a stable altcoin with low transaction fees (dogecoin?) => transfer that altcoin to another exchange => (trade) that altcoin back to bitcoin => send it to your main wallet.
Why transfering back and forth to an altcoin? Any other method has a chance to get to this: Your Public Address => Intermediate (Exchange?) address => Your "private" address which means it's not the private anymore. With my method, from outside anyone will see: Your Public Address => Exchange address => money spent. Some other exchange address (altcoin) => Address for same altcoin on different exchange (nobody will track / care about that) Some address nobody cares about (your BTC address on 2nd exchange) => Your private address (again, nobody will track that). If you are a drug dealer or such, I just saved your butt, so I'd expect a generous tip. My public address is in profile.Plainly genius my friend. No one will care about an address from an exchange to another address. Traceable, but not that easy. |
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Madness
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February 12, 2015, 02:58:04 PM |
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Suppose I want to share my public key for donations, but the problem is everyone can see how many btc I have. Suppose I create a second account for donations but now people can see where all the btc goes from there and cunclude it's my address. How to share a public key and still hide my savings?
You have a lot of possibilities here , one of them is to generate different Bitcoin adresses for donation for each time someone want to donate for you . another one is like sending your Bitcoins daily or weekly or whatever to another Bitcoin adress using mixer . ~ Madness |
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yussuf89
Legendary
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Activity: 1792
Merit: 1030
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February 12, 2015, 02:58:19 PM |
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Use bitmixer.io  |
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Q7
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February 12, 2015, 03:10:44 PM |
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Donation wallet - localbitcoin - sell the coins - localbitcoin - buy back the coins. You pay the spread and incur some losses but all that would hide yourself
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GingerAle
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Activity: 1260
Merit: 1008
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February 12, 2015, 03:13:27 PM |
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monero
what? did someone say something?
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NeuroticFish
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Activity: 3850
Merit: 6583
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February 12, 2015, 03:31:25 PM |
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monero
what? did someone say something?
Yeah, I just wanted to not be the first to bring this into discussion. And strangely, though both (BTC and XMR) prices are falling, usual people (not me) feel more confortable to work with BTC. |
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jbrnt
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February 12, 2015, 03:31:53 PM |
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Suppose I want to share my public key for donations, but the problem is everyone can see how many btc I have. Suppose I create a second account for donations but now people can see where all the btc goes from there and cunclude it's my address. How to share a public key and still hide my savings?
When you keep the same address for donations, people are always able to see how much donations you received. You need to change the donation address frequently to mask that. If you want to hide you savings, the easiest way is to use the donation address for spending only. |
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