Post
Topic
Board Bitcoin Discussion
Re: Anything to worry about if you use mixers and not doing anything illegal?
by
Lucius
on 22/12/2023, 15:18:46 UTC
From your link the quotes below grabbed my attention:
In general, I would recommend using privacy driven cryptocurrencies if you want to have privacy in your transactions...
Since Bitcoin is purely transparent and you are able to to analyze each transaction in blockchain space you have enough data to identify and anonymize transactions regarding the mixing service.You just have to filter all blockchain data which is not interesting for you and analyze the rest.
monero and zcash are private crypto's because they were built with that purpose in mind. Bitcoin was not.

You're going in the right direction, because the so-called "privacy coins" are definitely different from Bitcoin, although I can't tell you how private their transactions actually are, because I honestly haven't studied how hard or easy it is to track those transactions. However, given that the authorities are quite hostile towards such cryptocurrencies and that most centralized crypto exchanges have removed them, it is quite clear that they want to discourage people from using them.