I have a concern people, Let's say I send 1 BTC to Chipmixer and it commonizes into smaller chips, example 0.25, 0.1,0.1,0.5 etc etc.. and it gives me the keys all good. But when you spend the transaction and spend it anywhere it seems like it's very easy to pinpoint chip mixer transactions in a block.
Lets pick any block for example and see that there will be barely any transaction that's output is EXACTLY in 0.25 or 0.1 or 0.125 and if there are any transaction you can easily link them to chip-mixer transactions. I been scrolling through last few blocks and I can't seem to find any exact whole output.. when I did a transaction it was so easy to notice on block explorer in the block that was mined.
I suppose the only privacy we get is the fact that no one can pinpoint who exactly sent how much to chip mixer.
ChipMixer provides fungibility, not secrecy. Lets pick any block for example and see that there will be barely any transaction that's output is EXACTLY in 0.25 or 0.1 or 0.125 and if there are any transaction you can easily link them to chip-mixer transactions. I been scrolling through last few blocks and I can't seem to find any exact whole output.. when I did a transaction it was so easy to notice on block explorer in the block that was mined.
I suppose the only privacy we get is the fact that no one can pinpoint who exactly sent how much to chip mixer.
When you use CoinJoin or TumbleBit, you fungible bitcoins but it is no secret that you used it.
When you use Tor, it hides your connection, but it is no secret that you used it.
When you use Https, it hides your data, but it is no secret that you used it.
Fungibility means that every chip-sized transaction may be owned by anyone and there is no connection with previous transactions.
unless another "China bans Bitcoin" happens, we are ok.
But it's happened over 10 times! 