Post
Topic
Board Bitcoin Discussion
Re: Mixers and their reason to exist in the bitcoin ecosystem
by
Vincom
on 07/04/2024, 23:51:19 UTC
It was proven that mixers are useless for large amounts.  They're basically used for people here to launder their signature funds so they feel safe evading taxes or for small time scammers to deposit money with 3rd parties without worrying about having their accounts traced back to the scam.  

The amount of gaslighting from paid signature campaign members was crazy though.  Still is.  I even told them right before ChipMixer shut down that it was going to be shut down and instead of praise I received attacks for the warning even after I was proven right.  That's when I realized these people are insane and willing to do or support anything for a paycheck.  The fact the forum had to ban these programs to get users to stop promoting money laundering is crazy in itself.  Unfortunately, Default Trust was owned by ChipMixer basically, so they were able to get away with anything here.  It will take a long time and a lot of new members before the Mixer crowd gets diluted enough in DT for anything to change.  A lot of people here will do or say anything for money.  Don't forget that.  They'll even try to convince you they didn't sell out to support a money laundering organization and will try to tell you it's a privacy thing, which after the first sentence I quoted above should be nonsense to anyone paying attention.
Liquidity of Mixers is limited and they are not really effective with large amounts of BTC required in a short time, I think this is one of the limitations of Mixers, usually they only allow up to 50 BTC per mix.

I am not clear about the purpose behind the people who use Mixers: maybe they want to maintain anonymity, or maybe they want to hide the origin of BTC. But when Mixers exist, it means that there are many people who really need them, willing to pay 5% fee to get "cleaner and safer" BTC. I do not support money laundering but I cannot do anything to stop them, after all the market is free and people can do what they can. Bitcoin blockchain can be used by all of us!