Post
Topic
Board Project Development
Merits 4 from 1 user
Re: Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution
by
LoyceV
on 26/09/2023, 09:07:51 UTC
⭐ Merited by o_e_l_e_o (4)
They paid 100 users to use and review their service. Did not a single one of these users continue to use the service afterwards? That's a pretty big red flag.
I saw no reason to use this after my review. The privacy policy is a nightmare, the 6 digit PIN security is questionable, the withdrawa fees are very high (50 to 8800 times the on-chain fee), the overall feeling was confusing. The claims (1 million dollar transaction volume on average from each of the 1 million users) unbelievable. Lots of buzz words, but no information on how to recover funds. I don't want social contacts for emergencies. Even normal withdrawals were very complicated, and after testing the whole thing feels custodial.

I see no reason why anyone would ever use this:
From all the reviews I've done, this one was by far the furthest out of my comfort zone. I had no idea what I was doing when I started. I can only imagine this is worse for Bitcoin newbies.