Post
Topic
Board Service Announcements
Re: [ANN] ChipMixer - mixing reinvented
by
Muhammed Zakir
on 02/07/2017, 08:54:39 UTC
  -snip-
However as someone above me mentioned, i don't think that the youtube video works yet? It's just an image i think, if you click on it nothing ahppens.

Yes, it is just an image.

On reddit there are a lot of criticism, i don't think it's fair. First of all, chipmixer does not know who uses their provably fair betting service as a way to timelock coins to basically bypass future restrictions(potentially), therefore even if they wanted to extort someone they don't know who to target. Secondly, chipmixer has spent already at least 5-10 btc on advertising and is probably going to spend a lot more in the future, and i don't even think that people are going to send more than 1 btc into their multisig address. I really do think that chipmixer is trying to offer a genuine service to the benefit of the community here.

A user may not deposit a big amount, maybe 10 BTC at a time. And yes, if they have spent more than 10 BTC as cost, then stealing it won't make sense. At best, they would break-even, which also doesn't make sense. However, you are only talking about it in the perspective "1 user deposit x amount". What you must consider is that if every user deposit 1 BTC each, it going to be a big amount. If there are looking for short-term profit, they might as well steal them.* So it is not hard to understand many of them are against ChipMixer's service because they just don't have enough trust.

* I am not saying ChipMixer will actually steal from you! I don't have any particular comment on whether they will steal or not. Anyway, you should never trust *any* online service with money more than you can afford to lose.