the Send me Bitcoin and I’ll tell you who you are? To make a transaction in Bitcoin, will be communicated to the receiver the address of where the Bitcoin came from. The payment and the recipient’s address will be stored along with the amount on the Blockchain. With simple means, how many Bitcoin can then be used to determine the payment address. One of the many solutions in this very heated debate on the best mixer.io. About anonymity, Paranoia, and the desire for more Serenity.
Max Halder
At the 2. May 2019BTC$5.474,00 2.74%part Facebook Twitter LinkedIn xing mail
information is the Gold of the third Millennium. In our small country one gets the impression that the account balance and the income are among the most sensitive data of a Person. In this case, these information are only in our hands, whether this is love or not. For investigative authorities, for savvy hackers and the secret services, it is not a major challenge, in the local savings Bank information about a Person to find out. In the Bitcoin Ecosystem, a certain amount of hysteria about the Exposure of the Blockchain is circulating. Apart from the fact that it operates in the Bitcoin network to one or better several pseudonyms, there are many solution approaches for improved privacy and anonymity. The most promising is probably the Lightning Network, which is so far only limited practical. An already working solution, the platform best mixer.io.
One of the many solutions to remain undetected,
the best mixer.io is a Coin Tumbler, and in the theoretical debate in the area of the so-called CoinJoins. In principle, you must send Bitcoin into a larger Pool, and starting from this larger Pool, the desired amount will be sent to the destination address. Thus, the own Bitcoin address appears not as the source to the recipient of the payment. The Mixing of the Coins has a further advantage: The fungibility, i.e. the Indistinguishability, of single Bitcoin is thereby improved. For more on this topic you will learn in the Podcast about the flagship in terms of fungibility: Monero.
practicality
The user-friendliness of the Mixing Tools for the best mixer.io is one of the most positive features. This practical aspect is forgotten in the mania of the “Be-Your-Own-Banker” and “Know-Your-Coiners” often. The service provider waives, to the knowledge of his clients. So you can get started without registration, direct. First, you copy the recipient’s address in the field provided. The platform offers the possibility to use one of three Pools available to mix his own Bitcoin with those of the other User. The Alpha Pool includes only BTC from other users of the platform. In the Beta Pool larger transactions from the Alpha Pool funds from investors in the company, as well as a part of the back are located.
The Gamma Pool has, ultimately, only on money of investors and companies. The fees also depend on which Pool you choose. In addition, you have the opportunity, the sent amount to up to three recipient addresses to split. An adjusting screw, the Blockchain analyst should, in addition, to make heavy, is the Delay Button. This allows you to determine whether the three transactions at the same time or with a delay sent.
it is through the intuitive input fields have been worked through, it signals a color bar, how good is the Mixing result. So, you can turn to one or more set screws, in order to improve the obfuscation. In the next step a will then be shown an address to which to send the desired amount. In the case of repeated use of the service Working with the so-called best blender Code. This prevents that you get BTC, you have fed in to an earlier time in the Pool, and back again. After each transaction, a new Code will be spit out, you can specify the following Mixing. In addition to Bitcoin, also Litecoin and Bitcoin, you can Cash mix. Furthermore, the implementation of Ethereum is planned.
The error in the Matrix
A precarious property best mixer.io, however, cannot shake off: The services of the company are centralized in nature. Although the operators require that sensitive data, including the sender address, as well as the delays of individual transactions, would be deleted within 24 hours. At this point nothing else remains but to trust them. On the validity of the address to which to send, ultimately, the desired BTC, there is also a letter of guarantee, which confirms that the issued address is in fact the best mixer.io was generated. Also, this is a must-accept in the end.
From Bitcoin 1.0 to Bitcoin 2.0
the fact is that Bitcoin transactions are stored, just like a Bank transfer. Already here there is a hurdle in the Bitcoin network that makes transactions on the Blockchain anonymous than a Bank transfer: It does not appear with his own name, but with a address. The reference system here briefly outlined Bitcoin 1.0 is still Fiat money. Bitcoin 2.0 is already in the Pipeline, from the already many a savvy User refers to Material, whether in the Form of improved Wallets that benefit automatically with each payment, a different address or in the Form of the Lightning Network.
Since the centralized exchanges, the KYC principle is introduced, weighs the first obstacle is the anonymity of Bitcoin 1.0 and less difficult, but also Bitcoin has not slept all the while. Such lands in the course of the Lightning Network as well as no transaction on the Blockchain. But even without the technical advancement you can protect. One of the most important basic rules when Sending and Receiving Bitcoin is, for example, to use each address only once. Most of the Software – and hardware wallets have built in this function. Thus, the analytical Problem is with each new Pseudonym of a more complex.
A question of the price
It must not be forgotten in the debate about anonymity and privacy, which now has slightly paranoid, that the reference system of Fiat currencies. And in comparison, we have created with Bitcoin a very good System. So it is certainly an Illusion to believe that you can achieve complete anonymity and complete protection of privacy. Similarly, it will remain a mere figment of the imagination, to be completely independent, to mention of whether this is even desirable. What we can try, is so much anonymity and privacy as we need a question that everyone must answer for themselves.
It will be a question of the price to pay, we are ready. The non-existent tax secret from one of the fairest and most progressive countries in the world – Sweden – is in this respect a sigh of relief. You want to know how much earned its neighbor, you can tell this from the publicly viewable lists. There are lots of theoretical ways to the system to exploit the fault of Bitcoin or the mistakes of Bitcoinern. But the Practice of these possibilities, in turn, is connected with effort. And maybe the secret to the account is not even as interesting as one of our believes.
if you want to know more about the attack vectors and their solutions in the case of Bitcoin, reference is made to the two-part Podcast from our house: Episode 29 and Episode 31.
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