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posted by martyb on Wednesday August 02 2017, @05:18PM   Printer-friendly
from the shake-it-up-baby dept.

BitMixer, the world's most popular Bitcoin mixing service has announced last weekend it was shutting down operations effective immediately.

Bitcoin mixing is a process of taking money from one account and breaking it into hundreds or thousands of smaller transactions to transfer it to another account.

For years, it was believed that Bitcoin mixing is a safe way to transfer funds anonymously from one account to another, mainly because there was no technology to track all the transactions and reveal the destination account.

In a statement, the BitMixer owners said they were shutting down the service after realizing that Bitcoin was a "transparent non-anonymous system by design."

[...] "Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin," the BitMixer team wrote.

"I hope our decision will help to make Bitcoin ecosystem more clean and transparent. I hope our competitors will hear our message and will close their services too. Very soon this kind of activity will be considered as illegal in most of countries," the team also wrote, issuing a warning for fellow Bitcoin mixers.

Source: https://www.bleepingcomputer.com/news/technology/internets-largest-bitcoin-mixer-shuts-down-realizing-bitcoin-is-not-anonymous/


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  • (Score: 2) by Grishnakh on Thursday August 03 2017, @06:07AM (2 children)

    by Grishnakh (2831) on Thursday August 03 2017, @06:07AM (#548241)

    That's just BS. Trump was elected because of the way the electoral college system works, but the voters (all of them) are still at fault here, because they never demanded their elective representatives to change that horrible system. This isn't the first time this has happened, and the last time wasn't that long ago, it was in 2000 with Gore and Bush. Did the voters get outraged and demand the system finally be changed? Nope, they re-elected Bush instead.

    The parent is right: the American PEOPLE elected Trump, and the rest of the government, and are entirely to blame for everything that's wrong.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 1, Touché) by Anonymous Coward on Thursday August 03 2017, @06:42AM

    by Anonymous Coward on Thursday August 03 2017, @06:42AM (#548248)

    but the voters (all of them) are still at fault here, because they never demanded their elective representatives to change that horrible system.

    So what about the people who did?

  • (Score: 2) by tangomargarine on Thursday August 03 2017, @03:56PM

    by tangomargarine (667) on Thursday August 03 2017, @03:56PM (#548404)

    You seem to really have a problem with blaming the entire population bar none for things that are the fault of a subset of them.

    Maybe cut back on the absolutes a bit.

    --
    "Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"