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Showing 9 of 9 results by Ferib
I am aware of MWEB but this is more of a Layer 2 solution which comes with its own set of problems.
My goal for the research was to look at blockchain analysis to obscure the perm record of transactions made. An issue that MWEB does not face.
My goal for the research was to look at blockchain analysis to obscure the perm record of transactions made. An issue that MWEB does not face.
One of the main risks is that mixer/tumblers can be used to facilitate money laundering or other illegal activities. By mixing or tumbling funds, user can effectively obscure the origin and destination of their transactions, making it difficult for law enforcement agencies to track and investigate these activities. Another danger is that mixer/tumblers can be used to scam or fraud unsuspecting users. Some mixer/tumbler services may be operated by malicious actors who seek to steal or launder funds, or who may charge exorbitant fees for their services. There is also risk of technical issues or errors when using mixer/tumblers in crypto currency transactions. If a mixer/tumbler service experiences a glitch or malfunction, funds may be lost or delayed, leading to financial losses for users. To minimize risks, it is important to exercise caution when using mixer/tumblers in crypto currency transactions. Users should only use reputable services with a proven track record of reliability and security, and should be aware of the potential risks and limitations associated with these tools.
No thanks, could have asked ChatGPT myself
I ended up doing some research of my own and simply made my own 'coinjoin' implementation for Litecoin. I started it pretty basic by having the host create the unsigned (final) transaction for all participants. The host negotiates with all participants and the conclusion of that agreement results in an unsigned transaction. From there, the transaction is passed to the first participant who signs it and passes it back to me so I can forward it to the next participant until every signature was added.
I looked into the Wasabi wallet but none of them are supporting hardware wallets. That kinda makes sense as going back and forth with signing (especially with big transactions) can be an annoying task if done manually.
Lastly, how come all online 'mixers' and other bogus is straight-up a scam? Do people really trust these time-based 'mixers'? To me, they seem to either be a honeypot, a scam, or a scan that hasn't happened yet (exit scam).
I looked into the Wasabi wallet but none of them are supporting hardware wallets. That kinda makes sense as going back and forth with signing (especially with big transactions) can be an annoying task if done manually.
Lastly, how come all online 'mixers' and other bogus is straight-up a scam? Do people really trust these time-based 'mixers'? To me, they seem to either be a honeypot, a scam, or a scan that hasn't happened yet (exit scam).
Interesting. If you decide to publish the source code or even launch the privacy solution for public use, please let me know. I'd suggest you don't reveal your true identity, or governments will be on your tail. You can see how one of Tornado.Cash's developers was arrested because of his involvement in the project. If he had used a pseudonym, it would've been harder (or almost impossible) to find him. These days mixers are getting scrutinized by mainstream governments, so we should not let our guard down.
I believe all centralized mixers will fail because it's easy enough to shut them down by the authorities. But I cannot say the same about non-custodial or decentralized mixers and/or privacy techniques. Let's see how everything will unfold as crypto/Blockchain tech becomes more popular worldwide.
Obviously, I wrote mine for the sake of educational purposes only as I was researching the possibility of the Bitcoin/Litecoin blockchain, and how I can take advantage to secure my spending. I wrote my journey at https://ferib.dev/blog.php?l=post/Bringing_Obfuscation_to_the_Bitcoin_Blockchain, it's not perfect and I'm looking to improve.
> I've developed a darkweb marketplace from the scratch
Not sure if 'from the scratch' is the way to go on something like this?
> crafting a meticulously designed script using Laravel 9 and Pure CSS
Yet the CSS is very bootstrap-alike.
> The script has been optimized for TOR and flawlessly interfaces with Monero Coin via a direct Monero Node Daemon, offering a seamless cryptocurrency transaction experience.
Did you refer to your codebase as 'the script'? I wonder how 'the script' is 'optimized' for the TOR protocol, aside from simply not using JS.
Not sure if 'from the scratch' is the way to go on something like this?
> crafting a meticulously designed script using Laravel 9 and Pure CSS
Yet the CSS is very bootstrap-alike.
> The script has been optimized for TOR and flawlessly interfaces with Monero Coin via a direct Monero Node Daemon, offering a seamless cryptocurrency transaction experience.
Did you refer to your codebase as 'the script'? I wonder how 'the script' is 'optimized' for the TOR protocol, aside from simply not using JS.
I ended up doing some research of my own and simply made my own 'coinjoin' implementation for Litecoin. I started it pretty basic by having the host create the unsigned (final) transaction for all participants. The host negotiates with all participants and the conclusion of that agreement results in an unsigned transaction. From there, the transaction is passed to the first participant who signs it and passes it back to me so I can forward it to the next participant until every signature was added.
I looked into the Wasabi wallet but none of them are supporting hardware wallets. That kinda makes sense as going back and forth with signing (especially with big transactions) can be an annoying task if done manually.
Lastly, how come all online 'mixers' and other bogus is straight-up a scam? Do people really trust these time-based 'mixers'? To me, they seem to either be a honeypot, a scam, or a scan that hasn't happened yet (exit scam).
I looked into the Wasabi wallet but none of them are supporting hardware wallets. That kinda makes sense as going back and forth with signing (especially with big transactions) can be an annoying task if done manually.
Lastly, how come all online 'mixers' and other bogus is straight-up a scam? Do people really trust these time-based 'mixers'? To me, they seem to either be a honeypot, a scam, or a scan that hasn't happened yet (exit scam).
Hi,
I have been doing some research lately on how multi-sig transactions can be used to harden the privacy of transactions involved in such joint transactions.
Additionally, I tried to do some chain analysis to get a feeling of how difficult it can be for a third party to look at transactions and guess the flow of coins.
My latest research is posted in this article, I concluded that the main challenge of doing a joint transaction (aka CoinJoin) is finding participants who are willing to participate but also follow some strict rules (e.g. no coin consolidation) to secure the privacy of all participants.
My goal is to do this for Litecoin (in theory can be done for Bitcoin as well, but no interest).
Does anyone know if there are any such services already? most likely, but if so, how do they work? are they obscure services listed on TOR or are there some more trusted once out there?
And speaking of trust, are there zero-proof ones? I only seem to find shady mixers with 'delay' features.
Thanks in advance!
I have been doing some research lately on how multi-sig transactions can be used to harden the privacy of transactions involved in such joint transactions.
Additionally, I tried to do some chain analysis to get a feeling of how difficult it can be for a third party to look at transactions and guess the flow of coins.
My latest research is posted in this article, I concluded that the main challenge of doing a joint transaction (aka CoinJoin) is finding participants who are willing to participate but also follow some strict rules (e.g. no coin consolidation) to secure the privacy of all participants.
My goal is to do this for Litecoin (in theory can be done for Bitcoin as well, but no interest).
Does anyone know if there are any such services already? most likely, but if so, how do they work? are they obscure services listed on TOR or are there some more trusted once out there?
And speaking of trust, are there zero-proof ones? I only seem to find shady mixers with 'delay' features.
Thanks in advance!
Doing some further research on the topic it seems I have answered my own question, at the time of writing I wasn't aware but the technique described with the multi-sig seems to be named 'CoinJoin' (https://en.bitcoin.it/wiki/CoinJoin).
Does anyone have experience with this? how do people group up? are there pre-made groups available that one can just hop into? and are dedicated clients needed (I assume so as normal wallets don't seem to support multi-sig, or at least not from the UI point of view)
Does anyone have experience with this? how do people group up? are there pre-made groups available that one can just hop into? and are dedicated clients needed (I assume so as normal wallets don't seem to support multi-sig, or at least not from the UI point of view)
Hi folks, I was looking around into Mixers/Tumblers the other day and stumbled upon some very good research like the zk-SNARKs and TumbleBit. Two technologies that 'obfuscate' transactions, making blockchain analysis a guess fest.
My interest in the mixer is in Bitcoin forks and nothing fancy like Ethereum (which has zero-trust mixers based on zk-SNARKs like Tornado cash AFAIK) but when looking into existing online mixers they all appear to be 'send me coins and I promise I will send them back' kind of vibe.
Aren't there any zero-trust mixers for Bitcoin or Bitcoin forks? or have I been looking in the wrong direction?
Also, could multi-sig transactions with two or more participants (using a pre-defined amount of assets, ideally inputs are dividable by each other, eg, a multitude of 0.001) be used to obscure transaction histories?
My interest in the mixer is in Bitcoin forks and nothing fancy like Ethereum (which has zero-trust mixers based on zk-SNARKs like Tornado cash AFAIK) but when looking into existing online mixers they all appear to be 'send me coins and I promise I will send them back' kind of vibe.
Aren't there any zero-trust mixers for Bitcoin or Bitcoin forks? or have I been looking in the wrong direction?
Also, could multi-sig transactions with two or more participants (using a pre-defined amount of assets, ideally inputs are dividable by each other, eg, a multitude of 0.001) be used to obscure transaction histories?
Kan je niet gewoon een backup maken van je wallet/config en ze gebruiken in eender welke Litcoin wallet? of gewoon een de meest recente Electrum LTC wallet installeren en je oude wallet importen?
Gebruik zelf alleen de Litecoin Core wallet
Gebruik zelf alleen de Litecoin Core wallet