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Author Topic: How to hide your bitcoin?  (Read 4522 times)
ajareselde
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Satoshi is rolling in his grave. #bitcoin


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February 19, 2015, 06:28:41 PM
 #81

welp, regardless, xmr.to now lets you pay XMR -> bitcoin address, and poloniex finally implemented a minimum mixin of 3 on their withdraws, so, in terms of blockchain privacy, a good route is now:

BTC ---exchange (poloniex)--> XMR ---xmr.to---> BTC address.

granted, there may be ip logging all along that route, but that can be avoided with due diligence (and eventually i2p will be baked in to monero)

Looks like a practical defense against all but the most serious adversaries (especially using i2p or TOR - and I'm always using TOR anyway). It's also simple and easy enough to do frequently, which is really the most important thing.

Definitely worth trying - thanks.
I hope monero doesn't get stuck in its evolution and it gets removed from poloniex, its an amazing coin.

Why would it get removed?

Well because its a passing thing like any other sh*tcoin. While there is interst in trading it, it will be listed, and as soon as that interes dusappears, so will the coin listing on exchanges.
Its happening with all other altcoin, why not monero also, its not like its any better than the rest of them, by my opinion ofc.

cheers
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ranochigo
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February 20, 2015, 12:19:48 PM
 #82

Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.

How can you be sure the mixing service isn't a honey pot? And how do you know the gambling site (or a clever 3rd party) isn't fingerprinting every transaction?

I've seen a lot of suggestions for using very weak 3rd party solutions ITT but not a single trustless solution. I believe someone here (CIYAM?) is working on cross-chain atomic transactions that would effectively "scrub" links to past transactions, but that's in development (AFAIK). 



mixers are very probably safe. If you want to be safer, use two 3rd party websites then two different mixers.
It depends, there are some mixers which turned out to be a scam. The coin will be under the mixer's owner control for a amount of time if the owner decides to run away, you may just lose your coins. If it is operated by FBI, you are screwed.

.
.HUGE.
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feryjhie
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February 20, 2015, 01:14:24 PM
 #83

Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.

How can you be sure the mixing service isn't a honey pot? And how do you know the gambling site (or a clever 3rd party) isn't fingerprinting every transaction?

I've seen a lot of suggestions for using very weak 3rd party solutions ITT but not a single trustless solution. I believe someone here (CIYAM?) is working on cross-chain atomic transactions that would effectively "scrub" links to past transactions, but that's in development (AFAIK).  



mixers are very probably safe. If you want to be safer, use two 3rd party websites then two different mixers.
It depends, there are some mixers which turned out to be a scam. The coin will be under the mixer's owner control for a amount of time if the owner decides to run away, you may just lose your coins. If it is operated by FBI, you are screwed.

i think the most trust mixer just bitmixer.

But what is he function to hide your bitcoin ?
ranochigo
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February 20, 2015, 01:53:31 PM
 #84

Just use a mixer mixer and a mixer 3-4 times. Problem solved. You could also deposit and withdraw from a gambling site.

How can you be sure the mixing service isn't a honey pot? And how do you know the gambling site (or a clever 3rd party) isn't fingerprinting every transaction?

I've seen a lot of suggestions for using very weak 3rd party solutions ITT but not a single trustless solution. I believe someone here (CIYAM?) is working on cross-chain atomic transactions that would effectively "scrub" links to past transactions, but that's in development (AFAIK).  



mixers are very probably safe. If you want to be safer, use two 3rd party websites then two different mixers.
It depends, there are some mixers which turned out to be a scam. The coin will be under the mixer's owner control for a amount of time if the owner decides to run away, you may just lose your coins. If it is operated by FBI, you are screwed.

i think the most trust mixer just bitmixer.

But what is he function to hide your bitcoin ?
I think you meant what is the use. Bitcoin is designed to be pseudo-anonymous, not completely anonymous. Therefore, you can still get linked to your real life identity or other identity online. To prevent people from tracing the address, mixing is used to boost the anonymity.

.
.HUGE.
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