Post
Topic
Board Service Announcements
Merits 4 from 2 users
Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented
by
BenCodie
on 27/02/2023, 14:44:41 UTC
⭐ Merited by LeGaulois (3) ,DireWolfM14 (1)
I've read through many pages and I came up with a question that myself and others might find useful...What are the appropriate uses of ChipMixer to increase your privacy without increasing risk to yourself and others by using the service? I've listed some common bitcoin transactions that can occur before or after using ChipMixer. What does the community think of when it is appropriate to use ChipMixer? What is the best way to reduce risk while taking all parties on the other end of the chain, who may not be focusing on decentralization and privacy? Does the team have official responses to these questions?

  • Usage: Using ChipMixer before sending bitcoin to someone or using a local/p2p exchange or to trade bitcoin for fiat
  • Considerations/Questions: Will the other person withdraw with a centralized exchange? Do they need to follow privacy practices (what if they are an average user)? Is using chipmixer opening them up to risk or is it something that should be kept in mind before sending people bitcoin from ChipMixer?
  • Opinion: I believe that this scenario poses the most risk to the potential receiver, and that there is not much personal risk (if any).
  • Official Answer: *none yet
  • Community Answer: *none yet

  • Usage: After receiving bitcoin from someone or using a local/p2p exchange to purchase bitcoin
  • Considerations/Questions: Will sending bitcoins to ChipMixer open up the sender to any risk?
  • Comments: I believe that this scenario involves the least personal risk and risk to the original sender.
  • Official Answer: *none yet
  • Community Answer: *none yet

  • Usage: Using ChipMixer before using a centralized exchange to sell bitcoin
  • Considerations/Questions: Is there potential for the exchange to question the source of funds? Is using ChipMixer explainable? Is "I used it for my privacy" enough for a centralized exchange to let you through? Or does using ChipMixer pose a risk to your coins?
  • Comments: I believe that this is a gray area. It is correct that using ChipMixer is fine for privacy, a centralized exchange may not see it the same way.
  • Official Answer: *none yet
  • Community Answer: *none yet

  • Usage: Using ChipMixer after using a centralized exchange to purchase bitcoin
  • Considerations/Questions: Is there a benefit to trading your coins from a centralized exchange for coins that may have come from malicious sources? Might using coins linked with your identity/centralized exchange open you up to risks depending on how the next person from ChipMixer uses your inputs?
  • Comments: I believe that this scenario is what poses the most danger to users who might think they are becoming more private, except instead they might be opening themselves up to more risk.
  • Official Answer: *none yet
  • Community Answer: *none yet

I look forward to seeing the answers!