-snip-
BTC Address W (mine, not anonym) -> BTC Address X (controlled by Morpthoken service, converts to XMR. this is input address for conversion)XMR Address A (controlled by Morphtoken, output address) -> XMR Address B (mine) -> XMR Address C (controlled by XMR.to service, converts to BTC. this is input address for conversion)BTC Address Y (controlled by XMR.to service, output address) -> BTC Address Z (mine, anonym) -> BTC Address V (merchant)
-snip -
What do you think of this anonymity/privacy plan? I think it is far more recommended than using any BTC mixing service (many are proven to be unsecure).
So much for trying to be anonymous.
If i may ask, what is the purpose of going through all this trouble by carrying out the steps you have mentioned above? Is it an attempt to cover up the tinted BTC
First the different swappings are going to cost you lots of funds in terms service fees, slippage fees, tx fees between the different addresses.
Honestly if i did nothing bad with my bitcoins, i don't think it's necessary to go through all that processes of trying to hide my transaction trail. Bitcoin mixers or coin swap services are more than enough.
I reckon it'll likely just him trying to hide where his bitcoin is from, and also from what addresses/how much BTC he might have.
If you're going through all the hassle to exchange bitcoin to XMR, it could likely work with any coin. ETH, XRP, they would all be extremely hard to track unless the exchange or mixer gives up your details, otherwise, you should be fine.
There might be something perfect for this - have you seen privcoin? They do multicurrency mixing (deposit BTC, get ETH, etc).