What is tumbling and what does it do?
I've ordered of DNM's a few times before but have never tumbled my coins. I've also only bought bitcoins on the internet rather then deepweb.
[GeneralQuestions] Bitcoin tumbling
What is tumbling and what does it do?
I've ordered of DNM's a few times before but have never tumbled my coins. I've also only bought bitcoins on the internet rather then deepweb.
[3 Points] None:
[2 Points] None:
I don't use DNMs, but have been browsing this sub for like a month now (I really find everything about the darknet to be fascinating but I don't really enjoy most of the ridiculously sensationalized articles that the mainstream media writes) so take my advice with a grain of salt.
My understanding of tumbling is that you're taking your bitcoins bought on the clearnet and putting then into a laundering service that essentially just shuffles them through other coins. The bigger the service, the theoretically more effective it is at laundering money.
The con to that is that it's clear you're laundering money -- so sending directly to a tumbler from a clearnet bitcoin service is silly (as inherently buying bitcoins is not illegal). So, the safest option would be to go from wherever you buy the coins -> electrum wallet -> tumbler -> market as the place that sold you the coins will not follow the transaction after you put it into a separate, own wallet. They will only flag you if you send directly to a known illegal walllet address.
Tumbling is debated here constantly, as there's no real proof that it makes you safer (as nobody using bitcoins for legitimate purposes would need to tumble, and nobody has ever been caught purely because their purchase was traced through the blockchain) and it has a small transaction fee. There are also seemingly a decent amount of select scam tumblers (bitcoinfog I believe?)
Hope that helps.
[1 Points] _ALLONSY_:
DNMs.... so easy a caveman could do it.
[1 Points] gramsadmin:
I own Helix and Helix light bitcoin cleaner(tumbler)
If you buy or sell your bitcoins anonymously such as as on a anonymous localbitcoin account or with someone in person, There is no reason you would need to tumble because the bitcoins are never linked to you.
Bitcoin tumbling breaks the bitcoin taint analysis. What is Taint analysis? It the record of which wallets have sent bitcoins to and from each other. So if a user send coins from wallet A to wallet B to wallet C to wallet D. Then you look at the taint analysis of wallet D, it will show that Wallet D is linked to Wallet A by some percent. The higher the percent the more closely the wallets are link and the more likely the owner of wallet A sent or received coins from wallet D. If wallet A happens to be a coinbase account link to a real identity and wallet D is a darknet market wallet, a tumbler in between those will make it so that wallet A doesn't even show up in the taint analysis of wallet D. This means there is no way they are linked.
In this example a user buys bitcoins on coinbase send to a tumbler and tells the tumbler to send to a market address
Coinbase(wallet A) -> Tumbler (wallet B) -> Market (wallet C)
You can also get to the taint page with this blockchain.info/taint/{the bitcoins address to check}
Short answer is YES
I run a tumbler so I am a little biased, but It depends on how much you are sending to or from a market and how much you care about opsec.
Here are a few reasons why you should tumble
It is better to be safe than sorry no matter which tumbler or tumbling method you use.
Again I am biased because I own a tumbler
Most markets use "Hot Wallets", they put all their fees in these wallets. LE just needs to check the taints on these wallets to find all the addresses a market uses. There is even a site that does it already walletexplorer dot com If you go there you can see all the market addresses they are tracking.
Yes most tumblers they can. Helix is different and doesn't use a hot wallet. In fact helix never uses a wallet more than once. So even if they did tag a helix wallet it would never be used again so it wouldn't matter. You can check walletexplorer dot com and see helix and grams is not being tracked.
This is an old method of tumbling which most tumblers don't use anymore. I can't speak for all of them but Helix has 2 pools of bitcoins, Dirt and Clean. Users send their bitcoins to the dirty pool and receive bitcoins from the clean pool so there is very few transactions. Coins are never sent from the dirty pool to the clean pool so the clean bitcoins have no link or 0% taint to the dirty ones.
Yes there are ways to tumble your bitcoins for free or almost free. One method is creating anonymous account on crypto exchanges and buying another crypto currency(litecoin) and then selling the litecoins for new clean bitcoins. Doing it this way you will save the 2.5% but use a lot more of your time and might lose money if the price fluctuates during the process.
Using a tumbler to tumble your coins is like paying a mechanic to change your oil. You can change your oil yourself and save some money but you will have to get dirty and it will take a lot of your time. If you use a mechanic you pay more than doing it yourself, but you know it gets done right and quickly without you having to spend any of your time. You could not change your oil at all (like not tumbling) and might be fine but who wants to risk that.
[1 Points] None:
Tumble dirty BTC out of markets, not clean BTC into markets, or so the saying goes.
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