Post
Topic
Board Beginners & Help
Re: Bitcoin Mixing
by
ranochigo
on 11/08/2014, 08:59:51 UTC
What is the point of that action ?
To increase the anonymity. The purpose of Bitcoin is to make payments without revealing your actual identity. However, the public ledger will record all the transactions and if you do something which you do not want anyone to know, there is a chance the coin will be traced back to you. The coins will be mixed by them sending a bunch of coin which have no connection with your previous output, therefore, no one can trace the coin back to you.