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Perhaps I don't understand Bitcoin well enough, but wouldn't these guys out themselves the instant they try and spend them because of the public transaction his
by ChartsNGraffs 12y ago
Perhaps I don't understand Bitcoin well enough, but wouldn't these guys out themselves the instant they try and spend them because of the public transaction history?
- mcintyre1994 12y agoThere are tumbler services, no idea how well they work or how many are compromised but in theory it seems like it could work.
- Phlarp 12y agoI'm surprised we haven't seen more theft and fraud with the tumblers. I used one out of curiosity about two years ago and the experience was basically to fill out a super shady looking webform, send the coins to the address it gives you, and then pray like hell that they come back out the other end.
- maxerickson 12y agoIt kind of ironic, but dark markets are in a great position to offer a coin re-tainting service. It isn't quite the same thing as a tumbler, but they have busy addresses and lots of volume to obscure things with.
- DINKDINK 12y agoThe CoinJoin proposal[0] by Greg Maxwell provides transaction-history-tracing erasure capabilities. JoinMarket[1] is a market driven approach to incent CoinJoin mixing [0]https://bitcointalk.org/index.php?topic=279249.0 https://bitcointalk.org/index.php?topic=279249.0 [1]https://bitcointalk.org/index.php?topic=919116.0 https://bitcointalk.org/index.php?topic=919116.0
- Hermel 12y agoThey only work for small volumes.
- maxerickson 12y agoIt depends on how bitcoin flowed through their system. If funds flowed through a small number of addresses, the stolen bitcoin could have ended up in dozens of addresses that are difficult to distinguish from the seller addresses (short of enumerating the great majority of addresses used by sellers). It could also already be in cash.