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BTC -> LTC LTC -> BTC
tl;dr It could be used, but it shouldn't.ShapeShift holds relatively small hot wallets in order to process instant transactions so there is a pretty decent chance you will end up getting the exact same coins back, it's just random.
It's important to note ShapeShift is not designed nor intended to be used as a mixing or tumbling service. We do not endorse the use of ShapeShift in such a manner and likely it won't achieve your goals if you try to use it in such a way as there is a good chance you will get the same coins back you started with. Any clearly suspicious activity may be reported to relevant authorities.
Cool! I'll check it out. You should try to be on the next Open Bitcoin Privacy Project report if you have not participated yet.We have made very big progress in implementing BIP47 payment codes (stealth addresses for SPV/mobile) and you will all be seeing them in an upcoming version of Samourai Wallet. All of the building blocks are in place and now we just have to fit them together in an easy-to-use UI and work them into our wallet app. Join us at http://samouraiwallet.com . Read up on BIP47 payment codes at https://github.com/bitcoin/bips/blob/ma ... .mediawiki
Excuse this being off-topic. I was responding to the preceding post. Many thanks to Roger for putting together this great forum.
Implemented here:Thoughts? Errors? Improvements?
nope, that's wrong.you dont need monero or another altcoin for that. you can do pretty much with bitcoin to gain better privacy. and someday there will be sidechains too.
but i agree that there will be altcoins that target that niche-market for a long time.
I'm sorry but "illegal activities" doesn't matter to most considering it can be crafted and manipulated to mean anything. I'm pretty sure Roger knows that first hand from his eBay experience.I appreciate the importance of privacy, but providing a Bitcoin mixer on bitcoin.com would aid people involved in illegal activities
I don't see why coins "touching each other" is a bad thing. As bitcoin transactions are many-to-many mappings, eventually every coin touches every other coin anyway. If our aim is defending privacy against an attacker spy who wants to find what you do with your money, then JoinMarket is effective at doing that. It ends with so many addresses touching your coins that spies don't know which addresses are "really" yours.@rogverver, I was speaking of a JoinMarket implementation, sorry.
@eragmus Great points and well put.
My only gripe is that I would prefer a system where the coins have never touched each other. For example, in the graphic you see addresses A, B, and C making a join and the coins are delivered to addresses D, E, and F. I don't like that there is a link between the addresses in the blockchain. I still think JoinMarket is a good starting point though, and maybe I'm just wrong about how the addresses look on a graph or how large actual joins will be. It's a blessing and a curse, because the smart contract (P2SH) part is the part that exposes the most information about the addresses. In theory it would be nice if the money can move around without history on the blockchain, but then we're not a smart contract anymore =(
TL;DR - JoinMarket is good because it's a P2SH solution but leaves a trail in the blockchain, whereas a solution that doesn't won't be decentralized.
I'm with you on the whole "Bitcoin is speech" mentality but that's not what I'm after. There are risks associated with building a mixer and I was curious to hear Roger's opinion on the matter. I'm all for privacy, but mixers will inevitably be used for money laundering. I'm not sure that bitcoin.com is an appropriate place to host it if he wants the world to see it as a trustworthy, legitimate website.I'm sorry but "illegal activities" doesn't matter to most considering it can be crafted and manipulated to mean anything. I'm pretty sure Roger knows that first hand from his eBay experience.I appreciate the importance of privacy, but providing a Bitcoin mixer on bitcoin.com would aid people involved in illegal activities
Either way if we are going to entertain this discussion of "people should have nothing to hide" put me down as a "Bitcoin is speech", something everyone should have the freedom to execute regardless of the geographical location. If you think I'm posturing for the sake of debate Google "Kristopher Ives Snowden".
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