Silk Road forums
Discussion => Security => Topic started by: Td1j83TftR on April 11, 2012, 04:15 am
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Hi I want to verify myself on mt gox because it would just make it easier to not have to wait every 24 hrs to send more BTC to SR. Is it safe to give them my real info? or is there a diff way to get around this.
Any suggestions would be greatly appreciated.
Thanks,
Td
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Hi TD,
It depends what you mean by 'safe.' You are no longer anoynmous if you give Mt. Gox your documentation. However, this will not even matter if you properly launder and shuffle your BTC.
There are a few posts/threads regarding different methods of doing this. IMO, if you plan on transacting large amounts of BTC, use Intersango (less prone to following AML requirements) or use Bitcoin-OTC.
Best,
Zeus.
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Hi TD,
It depends what you mean by 'safe.' You are no longer anoynmous if you give Mt. Gox your documentation. However, this will not even matter if you properly launder and shuffle your BTC.
There are a few posts/threads regarding different methods of doing this. IMO, if you plan on transacting large amounts of BTC, use Intersango (less prone to following AML requirements) or use Bitcoin-OTC.
Best,
Zeus.
Hmm... Multiple BTC wallet-chain could work?
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Hmm... Multiple BTC wallet-chain could work?
In regards to laundering I was talking about using Bitcoinfog.
http://www.bitcoinfog.com/
We are providing a solution for this: using our service you mix up your bitcoins in our own pool with other users' bitcoins, and get paid back to other accounts from our mixed pool, which, if properly done by you can eliminate any chance of finding your payments and making it impossible to prove any connection between a deposit and a withdraw inside our service.
In regards to shuffling, I am talking about using instawallet and transferring random numbers of coins between a number of ewallets.
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so pretty much using MT gox and giving them the info wont be too bad as long as I use one of these shuffling services? How exactly do these work?
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so pretty much using MT gox and giving them the info wont be too bad as long as I use one of these shuffling services? How exactly do these work?
Exactly mate.
Shuffling simply means that you create say 10 instawallet addresses.
go to http://www.instawallet.org. To do this, you send random amounts of BTC to each wallet from your SR account.
Bitcoin fog is a little more complex but does a superb job of mixing your coins. If you take a look at my previous post.
In regards to laundering I was talking about using Bitcoinfog.
http://www.bitcoinfog.com/
We are providing a solution for this: using our service you mix up your bitcoins in our own pool with other users' bitcoins, and get paid back to other accounts from our mixed pool, which, if properly done by you can eliminate any chance of finding your payments and making it impossible to prove any connection between a deposit and a withdraw inside our service.
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Thanks for the help Re and everyone else, if i get confused when im setting it up ill post again.
Thanks!
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I'd recommend shuffling your coins between a few wallets you've created yourself then using Bitcoin Fog - it's quite easy to track coins across the network if you deposit and withdraw identical amounts so you might want to distribute the coins across the wallets, move them around a little then move them gradually into your Bitgcoinfog account - note that Bitcoinfog lets you withdraw the money in smaller amounts at random intervals, even when it's laundered your funds - this is the safest method of withdrawal in my humble opinion. Their commission varies between 1% and 3% (it's randomised so people can't work out you're using them).
V.
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I'd recommend shuffling your coins between a few wallets you've created yourself then using Bitcoin Fog - it's quite easy to track coins across the network if you deposit and withdraw identical amounts so you might want to distribute the coins across the wallets, move them around a little then move them gradually into your Bitgcoinfog account - note that Bitcoinfog lets you withdraw the money in smaller amounts at random intervals, even when it's laundered your funds - this is the safest method of withdrawal in my humble opinion. Their commission varies between 1% and 3% (it's randomised so people can't work out you're using them).
V.
Correct me if I'm wrong, but to the average buyer, wouldn't bitcoinfog be enough? If you leave your bitcoins in bitcoinfog for 3/4 days, withdraw and deposit random amounts at random times over random time periods, what's the need for instawallets (for going --> SR) ?
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I'd recommend shuffling your coins between a few wallets you've created yourself then using Bitcoin Fog - it's quite easy to track coins across the network if you deposit and withdraw identical amounts so you might want to distribute the coins across the wallets, move them around a little then move them gradually into your Bitgcoinfog account - note that Bitcoinfog lets you withdraw the money in smaller amounts at random intervals, even when it's laundered your funds - this is the safest method of withdrawal in my humble opinion. Their commission varies between 1% and 3% (it's randomised so people can't work out you're using them).
V.
Correct me if I'm wrong, but to the average buyer, wouldn't bitcoinfog be enough? If you leave your bitcoins in bitcoinfog for 3/4 days, withdraw and deposit random amounts at random times over random time periods, what's the need for instawallets (for going --> SR) ?
For the average low volume buyer this would be sufficient.
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I'd recommend shuffling your coins between a few wallets you've created yourself then using Bitcoin Fog - it's quite easy to track coins across the network if you deposit and withdraw identical amounts so you might want to distribute the coins across the wallets, move them around a little then move them gradually into your Bitgcoinfog account - note that Bitcoinfog lets you withdraw the money in smaller amounts at random intervals, even when it's laundered your funds - this is the safest method of withdrawal in my humble opinion. Their commission varies between 1% and 3% (it's randomised so people can't work out you're using them).
V.
Correct me if I'm wrong, but to the average buyer, wouldn't bitcoinfog be enough? If you leave your bitcoins in bitcoinfog for 3/4 days, withdraw and deposit random amounts at random times over random time periods, what's the need for instawallets (for going --> SR) ?
For the average low volume buyer this would be sufficient.
Might have to use instawallet though for transactions of roughly 90 bitcoins ;)