I hear lots of people tumbling their BTC for direct deals, but isn't it a waste of time and money since you're sending the vendor your name and address?


Comments


[2 Points] hadees:

I think the logic there is that prosecutors would have to prove you sent the original message with the name and address. Although who really knows if that'll protect you legally.


[2 Points] None:

Once you tumble, the bitcoins aren't associated with you anymore, so that's one weak point less.

Once you encrypt your address with the vendor's PGP, only the vendor can read it. The feds can't. You can't. The e-mail provider can't.

So there's effectively no proof. Unless they bust the vendor and he kept logs.


[1 Points] gilfpound69:

no duh.


[1 Points] attilathehunn:

Tumbling stops the vendor seeing where your bitcoins came from. It also stops the place you got your bitcoins from knowing where they ended up.

So if you care about any of those then tumble, otherwise don't.


[1 Points] 0damnthing:

It is another layer of security and rather does not try save coins on that. If you wanna save some coins then look at fees which every market require.


[1 Points] Jejsjsn:

Just buy btc with cash from person selling or atm, never show id. If you do bank deposits pick the youngest newest looking teller and use your social engineering skills.