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Topic
Board Service Announcements
Re: [ANN] ChipMixer - mixing reinvented
by
ChipMixer
on 08/07/2017, 18:50:52 UTC
Hi ChipMixer, can you share with us why using a chip mixer is better than using an online exchange lik Coinbase, Xapo, and others?
I assume you ask "can I mix my coins by depositing them to an exchange and withdrawing?". Depends how much privacy you want. Every KYC exchange cooperates with blockchain analysis companies. Some of them may give an exchange a much lower price if they share their users data. Sharing your email is a big NO for every company, but sharing md5 hash of your email is usually OK (and that allows them to link you between exchanges).  If you just want to hide from weak stalker then exchanges are fine.

Does @chipmixer have any sort of strategy to prevent this from happening? Maybe get the person using the chipmixer service to insert a bitcoin address in the beginning and then just before the private keys are revealed, they have to sign a message with the exact same address to prove that it is still them accessing the private keys and nothing fishy is going on?
This would only hurt customers to make mixer usage problematic.

So i'm wondering as well - what if someone decides to frame Chipmixer by saying that they got hacked/chipmixer did an inside job when they really just sent the bitcoins to themselves? there would be no proof either way, but the guy can do this under multiple accounts and then people will say chipmixer is a scam.
There is nothing any site can do against this. You can say any exchange, casino or other site gave you a deposit-address and changed it right after you deposited.
That is not true. Bitmixer offers letter of guarantee. They show input and output addresses and signs them with their private key. Customer see it before they deposit. This is very nice feature and we would really like to have it, but we cannot. Their method is non-interactive and both inputs and outputs are known before deposit and if anything goes wrong, they can complain public. Output of ChipMixer is unpredictable - you can pick whatever chip sizes you want, you can bet, you can freeze them with vouchers. It offers better privacy, but downside is that we cannot offer letter of guarantee.