Silk Road forums

Discussion => Newbie discussion => Topic started by: afflicted on July 20, 2013, 08:48 pm

Title: covering tracks bitcoin
Post by: afflicted on July 20, 2013, 08:48 pm
bitcoin -will the following process keep people anonymous?

local bit coins (purchased with real bank account) 
sent to blockchain
then sent to bitcoin fox
lastly SR
Title: Re: covering tracks bitcoin
Post by: Rocknessie on July 20, 2013, 08:56 pm
The purchase of bit coins from a bank account should alert anyone with any intelligence. It's an easy thing to check and flag.

I go to a bank and transfer cash into their account.
Title: Re: covering tracks bitcoin
Post by: afflicted on July 20, 2013, 09:02 pm
I am also interested in trading bit coins which is perfectly legal, hence the bank account,  but the money transfer is something I will pay more thought to regarding sr.
Title: Re: covering tracks bitcoin
Post by: fishmonger on July 20, 2013, 09:12 pm
bitcoin -will the following process keep people anonymous?

local bit coins (purchased with real bank account) 
sent to blockchain
then sent to bitcoin fox
lastly SR


"No" is the short answer . Your Bank knows you bought bitcoins  :( I'm assuming bitcoin fox is a laundry service so the coins you bought don't end up silkroad directly , which is good  ;D  buying from your bank account is a real no no . HOWEVER , 1 transaction for bitcoins from your bank is not going to raise flags ( I'm assuming it wasn't for $100,000) but I wouldn't do it again if I was you .
Title: Re: covering tracks bitcoin
Post by: afflicted on July 21, 2013, 12:56 am
I  paid someone into their bank account direct from my bank account, its the vendors account that is linked to bit coin, so my bank dont actually know i bought bitcoins.
Title: Re: covering tracks bitcoin
Post by: orgasmalicious on July 21, 2013, 02:07 am
I use Coinbase and buy with my bank account(super simple since coins are 100%  legal) and then I send them to a Blockchain wallet and finally to SR.  I'm just limiting my coin transfers to about once a month, twice at most, so I don't raise flags with my bank.
Title: Re: covering tracks bitcoin
Post by: afflicted on July 21, 2013, 03:57 pm
Has anyone used bitfog? its been mentioned in a good and bad light ............
Title: Re: covering tracks bitcoin
Post by: Rastaman Vibration on July 21, 2013, 04:37 pm
Has anyone used bitfog? its been mentioned in a good and bad light ............

Do you mean bitcoinfog? Its a great way to wash your coins and remove any trace that they originated from you. I'd recommend using them if you bought BTC in a way that could be linked back to you (bank account)

Here is their URL:
fogcore5n3ov3tui.onion
Title: Re: covering tracks bitcoin
Post by: afflicted on July 22, 2013, 11:08 am
so there is nothing wrong in buying bitcoin through your bank as long as u cover their exit :)
Title: Re: covering tracks bitcoin
Post by: bouclelan on July 22, 2013, 11:47 am
I worry about the money laundering law when buying bitcoins above board. While they are perfectly legal, if you can't keep track of them, as a vendor it probably isn't so bad as you can separate coins on way out and claim you were simply just trading hence having 10% more etc and keep your profits as a stash somewhere else.

How do people cash their coins out secretly?