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What are your thoughts on Bitcoin mixers

Posted: Fri Mar 25, 2022 1:03 pm
by Sarah Manter
I'm reading about Bitcoin mixers, but it's confusing to me because the point of designing the blockchain the way it was was really to be transparent with what money was going where but in a way where people still maintained a level of privacy. So the idea of scrambling up the records seems counterintuitive to me. Thoughts?

Re: What are your thoughts on Bitcoin mixers

Posted: Fri Mar 25, 2022 1:16 pm
by sonicrules
As far as I know, the mixers are for people who want even more privacy, and criminals who want to hide their trail.

Re: What are your thoughts on Bitcoin mixers

Posted: Fri Mar 25, 2022 1:26 pm
by Sarah Manter
sonicrules wrote: Fri Mar 25, 2022 1:16 pm As far as I know, the mixers are for people who want even more privacy, and criminals who want to hide their trail.
That's what it seems like. I can't imagine a legal reason for needing that much privacy.

Re: What are your thoughts on Bitcoin mixers

Posted: Sat Apr 29, 2023 9:01 am
by tim555
It's worth noting that the use of Bitcoin mixers is often associated with criminal activities, such as money laundering or funding illegal activities. As a result, some countries and jurisdictions have implemented regulations to restrict or ban the use of mixers, unfortunately.

Re: What are your thoughts on Bitcoin mixers

Posted: Thu Mar 28, 2024 6:44 pm
by Whirlyn
The concept of Bitcoin mixers can be confusing, especially considering the transparent nature of blockchain technology. It reminds me of when I was first learning about crypto and stumbled upon this awesome website called https://www.crypto-casinos.com/crypto-g ... -baccarat/. While it's not directly related, exploring different aspects of crypto helped me understand its complexities better.