Post
Topic
Board Service Discussion
Merits 2 from 1 user
Re: Hackers and their use of mixing services
by
JollyGood
on 08/02/2020, 12:55:37 UTC
⭐ Merited by o_e_l_e_o (2)
Mixers are also businesses, like the exchanges.
Nothing stops them from an arrangement to not mix stolen coins.
Of course I don't know if this exists, nobody will confirm that.
Regarding mixers and exchanges, you rightly said both provide a service, both are businesses. Both of them have been used to accommodate the transfer of stolen coins or those gained from illegal or maybe illicit sources. Whereas some exchanges might pull the KYC and investigation card, mixers do not do that.

I recall a few weeks ago certain users were openly stating they were happy to display either the Yobit x10 banner because they saw no difference between Yobit and mixers and argued anybody showing a mixer in their signature should be getting the same treatment as those showing a Yobit or x10 banner. Obviously the two do not correlate but that was the false justification put forward saying mixers were almost exclusively used for illegal activity. Moving forward, there is no doubt some users have taken advantage of the anonymity mixers (claim to) provide in order to hide some sort of criminality but as was pointed put in the previous post, the estimated figure currently stands at around 8% and that is fairly low considering the reputation some users are trying to paint about mixers in general.

For me the ethical concern surrounding mixers in the argument of illicit activity versus general users sending their funds from their exchanges direct to mixers in order to make their holdings effectively unknown after they are moved from any centralised exchange - is a non-argument. Mixers are providing a service for users that do not want anybody to know how much crypto they hold, if a tiny minority of users take advantage of that service and use it for illegal activity then there is not much that can be done at this moment in time.


With bitcoin sir, you can earn money from posting sir. You can also trade sir and earn money while posting sir!
Anyhow, I think we are wasting our time, those guys are never going to visit this thread again and engage in a real discussion.
Btw, check their profiles  Grin the same pattern, 2+3 lines of text in 90% of the cases.
This does not surprise me. The forum is full of posts where questions or semi-questions have been asked from not so commonly known individuals then they never post back in the same thread, or if they did they would completely disregard what they wrote before or others have written then ask another question or semi-question.