Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Do we even need bitcoin mixers?
by
FinneysTrueVision
on 24/02/2024, 05:30:55 UTC
⭐ Merited by Kruw (1)
I think one of those rug-pull decentralized exchanges is Swaprum’s that did a rug-pull exist and stole funds of the users.
That was a DeFi exchange, not a decentralized. No truly decentralized exchange offers farming rewards, staking pools, referral programs and a shit-token called SARP. And as already said, if an exchange is decentralized, it does not take custody.

DeFi exchanges, as you call them, don’t take custody of user’s funds but you do have to trust that there isn’t any backdoors or undiscovered bugs in their smart contracts. They might have ponzi-like aspects to them but they are still decentralized.



100% true. People should have learned their lesson about "mixing sites" a long time ago. Coinjoins keep your funds and data safe, so there's absolutely no excuse for anyone to use/promote/operate a "mixing site".

There was this story from last week where a user claims to have lost 15 BTC on Unijoin. He was given a letter of guarantee with a fake signature, that he didn’t bother to verify like most users of mixers, which makes it nearly impossible to prove he was even scammed.
https://www.altcoinstalks.com/index.php?topic=317783.0

All the people with mixer advertisements in their signatures are making excuses and trying to gaslight the user by saying they weren’t actually scammed. Even if the user is lying for whatever reason, this is still an inherent vulnerability present in any custodial mixing service. No amount of signature payments is enough to make this danger go away.