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There were never legitimate users of mixers.
by colinmhayes 6y ago
There were never legitimate users of mixers.
- gamblor956 6y agoI generally agree, as all of the legitimate uses I could think of would be more easily accomplished without the use of mixers (or even cryptocurrency), but their may be use cases I hadn't thought of.
- akimball 6y agoLike avoiding extortion, kidnapping, robbery.
- _-___________-_ 6y agoMore easily, but less safely. Using a mixer or CoinJoin or similar for normal, legal payments allows you to pay people without revealing how much Bitcoin you own.
- gamblor956 6y agoFor normal, legal payments, cash/credit card is much easier and you also don't reveal how much money you own. On top of that, with credit card you get a significant number of protections. Like I said, there are no legitimate use cases I could think of for cryptocurrency where cryptocurrency is easier than using normal methods of payment.
- _-___________-_ 6y agoSure. The point was just that if you are already using crypto for whatever reason then there are legitimate reasons to use CoinJoin.
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- jtsiskin 6y agoThere are if you assume there are legitimate uses for Bitcoin. Without mixers, your entire transaction history and balance is public. It would be like broadcasting your bank account to the world. If I was paying my friend some Bitcoin I would want to mix it first otherwise they would know exactly how much I own.
- RandomBacon 6y agoYou should be aware that some (if not all) blockchain analysis software gives a higher risk score to coins that have come from a mixer.