Quote from: smile1218 on Today at 08:57:49 AM

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

Quote from: Abiky on Today at 10:55:24 AM

Quote from: Ferib on June 19, 2023, 05:15:23 PM

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).

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.

Ferib

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