Quote from: nioctib_100 on Today at 05:04:53 AM

The site looks great! It's very accessible with a lot of the mixing inputs on the first page. Being able to mix coins in just a few minutes with above average anonymity is a great feature. Of course, everything relies on the trust of the provider, it's all a spectrum, and it's going to be great to see you all develop as time goes on. Improve and innovate quickly, there is a big gap to fill right now with Chipmixer gone!

Thanks, the privacy set will only grow stronger the longer the service will be running so I hope that once it gets traction we can find a solution to split the "ownership" of the platform with more users in order to minimize risks on all fronts.

Quote from: o_e_l_e_o on Today at 11:46:32 AM

A few questions:

Am I correct in saying the notes you talk about on the Tor site are not blinded bearer certificates? Rather, they function similarly to ChipMixer chips, in that I can combine or split them and redeem them later, but they are not blinded to you?

Once blinded bearer certificates are operational, how does the end user protect against your service/website being seized/shutdown? How could they redeem their certificates in such a case? How would they be able contact the threshold number of signers in order to redeem their certificate and receive the corresponding bitcoin from your multi-sig wallet?

You are correct, the notes are not blinded certificates as in we could keep logs if we chose to. We are not, but there is no way for me to prove this so this is why I want to implement the blinded certificates, after that the user won't have to trust us anymore.

Regarding the service getting shutdown, blinded certificates and notes hold the same risk as you store your BTC in our multi-sig until you decide to withdraw. I could give more technical details about our security, but all I will say for now is that we took the most extreme security precautions possible. Our "hot wallet" is a 3/3 multi-sig with one of the signers being a physical server, so funds are safe. The infrastructure looks like a mini blockchain (with only 3 validators or signers which are all run by us for now), so even if the frontend or backend servers would get hacked, no funds could be stolen since faking guarantee letters using the backend server doesen't do anything as the signers would also have to verify. It's complicated, but like I said before if I'll find willing trusted members to run signers with us I am willing to do it.

Having said all of the above as far as I'm concerned I am not doing anything illegal. I don't encourage illegal activity and will never promote the service on the darknet or for any illegal purposes, I'm a simple provider of privacy services. If the service will start to get abused by bad actors and big pressure will be put on us then I'd much rather shut down the service early and honorably than put users funds and privacy at risk, but for now I still believe there has to be a way to run everything legally. This is not because I don't believe Bitcoin is fungible or anything of this sort, but regardless if the service gets seized or sanctioned, the end result is the same as in it can't really be used anymore, so everyone loses. Having great security is a must, but relying on this by itself doesen't generate any value for the long term. I'd much rather try to find a way in which everyone is happy, or at the very least not too unhappy, while users enjoy full privacy. This is what they pay for and nothing less is acceptable

With the Blind Certificates I talked about in my previous posts it may be possible for users to prove their funds don't come from specific addresses linked to hacks/ransom/etc., so if that is possible then honest users have a way to prove they are not thieves while retaining privacy, and bad actors are isolated so sending the BTC to whirlwind is pretty much useless if they plan to use centralized services afterwards. It's too early to talk about this since we need to get some users first and get some actual demand for something like I outlined above.