2 ms·
> Since you can make new wallets at any time to spend from, the key is paying your btc into a wallet that others are paying into, and then extracting multiple d
by dwhly 13y ago
> Since you can make new wallets at any time to spend from, the key is paying your btc into a wallet that others are paying into, and then extracting multiple different amounts to new, different wallets (and then using those for spending).
1mdc was a similar service to this that I used as did many others about 10 years ago for the purpose of obfuscating and anonymizing e-gold transactions between various accounts.
http://en.wikipedia.org/wiki/1mdc http://en.wikipedia.org/wiki/1mdc
One interesting comment from the wiki page:
"1mdc's e-gold was held in unallocated (pooled) storage (in several e-gold user accounts) which allowed for extra privacy from e-gold's administrators. However, this increased storage risk, as the client had no precedence on the e-gold they entrusted 1mdc to hold, and there was virtually no way for a user to ensure that 1mdc is maintaining full reserves of their e-gold."