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How secure is storing this code for the client's privacy?
I'm mainly thinking about the following (unanswered) questions that were raised about BitMixer.io.
Just 3 weeks after the first post about it, BitMixer closed. The questions were never answered, and I'm still curious. Prepare for a long quote (please note that I'm not pointing fingers, but I'd like to hear your opinion on this):
I'm mainly thinking about the following (unanswered) questions that were raised about BitMixer.io.
Just 3 weeks after the first post about it, BitMixer closed. The questions were never answered, and I'm still curious. Prepare for a long quote (please note that I'm not pointing fingers, but I'd like to hear your opinion on this):
1. BESTMIXER DOES NOT KEEP CUSTOMER IDENTIFICATION DATA.
2. BESTMIXER REMOVES ALL DATA OF THE ORDER 24 HOURS AFTER FULFILMENT OF ALL THE MIXING CONDITIONS.
3. BESTMIXER CODE CAN NOT BE LINKED WITH A SPECIFIC CLIENT. READ ITEM 1, ITEM 2.
4. THE USE OF THIS CODE ENSURES THAT YOU WILL NOT GET YOUR OLD COIN BACK DURING SUBSEQUENT MIXING.
Below is a scheme of how mixing works using BESTMIXER CODE.
STEP 0. The initial pool is shown, it contains 3 transactions, each transaction has its own BestMixer code.
STEP 1. The client sends 1 BTC to the BestMixer pool, his TRANSACTION is bound with the BestMixer code.
STEP 2. Our system finds a suitable transaction for the transfer, checks the amount and BestMixer code. The client receives mixed/anonymized coins, the balance with BestMixer code assigned earlier is sent back to the pool.
STEP 3. The updated pool now consists of 4 transactions, each transaction has its own BestMixer code.
We would like to emphasize that BestMixer code is assigned only to transactions. Once again, the use of such codes is an IMPORTANT part of any decent mixer.
In case of using GAMMA pool, the system chooses only transactions without assigned BestMixer code, i.e. these transactions were not received from clients, but were originally added to the pool by us or our investors. In this case, the use of BestMixer code is not needed. If you use GAMMA pool, you will never get your old coins back.
Two questions for you, LoyceV:
1. How does your FAVORITE service (of course, in YOUR opinion, the best service, otherwise you would not put advertising of this service in your signature) can guarantee that by mixing 1 BTC today, your coins will not come back to you in a day, a week or a month? (bypassing 2,3,10,100 transactions)?
2. Could you, please give an example of at least one method of attack on a client associated with the BestMixer code?
Please consider the items we highlighted above when answering. Thanks.
Best regards,
BestMixer Team