Post
Topic
Board Bitcoin Discussion
Re: Do we even need bitcoin mixers?
by
hugeblack
on 08/01/2024, 10:05:32 UTC

1. If you have bitcoin which is connected to you and you want an untraceable one, you should:
i) Go to an (even KYC) exchange, where you change your BTC to XMR.
If you have forgotten, more KYC exchanges have started to delist privacy coins[1] [2], and I believe that by the end of next year there will be no KYC exchanges that accept these privacy coins, and the government will try to track down the DEXs and may be able to force them not to list any privacy coins.
The only service available is P2P DEXs. Here, the government may create hundreds of honeypot accounts, and then, once you deposit, your coins will be blocked.

Therefore, we need a decentralized Bitcoin mixer, to which users contribute and whose goal is to enhance customer privacy.

Proposed solutions:

 - Enhancing privacy through side networks.
 - Confidential transactions (CT)[3]
 - Find a decentralized way to mix the private key, something like a chipmixer but decentralized.

[1] https://www.okx.com/help/okx-to-delist-several-spot-trading-pairs-12-29
[2] https://www.binance.com/en/feed/post/585415#:~:text=The%20leading%20digital%20asset%20exchange,)%20and%20Dash%20(DASH).
[3] https://en.bitcoin.it/wiki/Confidential_transactions