5 ms·
Anonymizing BTC via BTC -> XMR -> BTC seems hard these days.
by babaganoosh89 6y ago
Anonymizing BTC via BTC -> XMR -> BTC seems hard these days.
- spinny 6y agobisq is the most anonymous way that i know of
- john_alan 6y agoGood luck spending the tainted BTC you buy on Bisq.
- x86_64Ubuntu 6y agoSo they actually have measures to stop tumbled coins from re-entering the supply?
- rattlesnakedave 6y agotainted BTC doesn't exist.
- Kranar 6y agoIt absolutely does, there are plenty of BTC addresses that are tainted and not accepted by exchanges.
- alfiedotwtf 6y agoHow does it work if you just send the entire “tainted” coin to a new address and then send that to the exchange? Sounds like smoke and mirrors to me
- john_alan 6y agoVery simply. They don’t allow coins with that lineage. There are so many people ignorant of the reality of bitcoins fungibility problem it amazes me.
- gojomo 6y agoIf sent such tainted bitcoins, do the exchanges send them back, or seize them?
- Kranar 6y agoCoinbase won't let you sell tainted coins but will let you withdraw them. No exchange will seize them.
- alfiedotwtf 6y ago> ignorant of the reality of bitcoins fungibility This is not an issue with bitcoin, but of exchanges. That's why I specifically asked if exchanges cared if taintedness was transitive.
- Kranar 6y agoI have to be blunt but this is a very basic property of the blockchain, which by design keeps an entire history of every single transaction (source and destination address) that is ever made.
- john_alan 6y agoThis type of lack of understanding is rife. Makes me quite bullish on Monero when people realise how little privacy Bitcoin and crappy forks provide. Might see a signal type movement to Monero.
- heavyset_go 6y agoI don't think that irrational retail investors understand, or care to understand, Bitcoin or Monero implementation details. Bitcoin's valuation has little to do with its technical merits. It's all just internet money to most people.
- john_alan 6y agoYea I agree right now. But even showing a few newbie friends how I could see their balance and transactions after they sent me BTC or shared their address with me, baffled them, they couldn’t believe it. People will start to care as they become extorted, or embarrassed. Privacy is a fundamental requirement of good money. I think people will learn this over time and gravitate towards a better money for the internet.
- john_alan 6y agoWhat’s your Bitcoin address? I’ll send you some.
- heavyset_go 6y agoI doubt that the one valid use case for Bitcoin, purchasing things on the grey/black market, is impacted by tainted BTC.
- yokem55 6y agoThe cool kids now launder their coins through mining rig rentals. Spend old coins, get new ones back.
- heavyset_go 6y agoThere's nothing stopping courts from demanding that XMR.to keep records of the chain of custody when users buy XMR via BTC on their service. Almost all exchanges adhere to KYC laws, so there's a good chance that following transactions backwards will lead to an identifiable buyer or seller of Bitcoin. What technical features of Monero make it a solution for actual anonymization of BTC?
- olliej 6y agoTheoretically the conversion back to btc can’t be connected to the original btc->xmr conversion (Edit: btc to xml would be a novel transaction. Curse you autocorrect)