BitMixer Rage Quits With Dumbest Possible Reasoning

in #bitcoin7 years ago (edited)

bitmixer.jpg

BitMixer.io rage quit the Bitcoin mixing industry with the following inane message :

Hi all!
Despite the huge profit we earn, we are closing our activity. Let me explain why.

I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is 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.

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.

Cheers,

Bitmixer.IO

This simply doesn't wash with their previous message on the website, which read:

While using bitcoins is an excellent way to make your purchases, donations, and p2p payments, without losing money through inflated transaction fees, transactions are never truly anonymous. Bitcoin activities are recorded and available publicly via the blockchain; a comprehensive database which keeps a record of bitcoin transactions.

All exchanges require the user to scan ID documents, and large transactions must be reported to the proper governmental authority. When you use Bitcoin to pay for goods and services, you will of course need to provide your name and address to the seller for delivery purposes.

This means that a third party with an interest in tracking your activities can use your visible balance and ID information as a basis from which to track your future transactions or to study previous activity. In short, you have compromised your security and privacy.

To avoid this, we recommend using a quality mixing service such as the one we provide to periodically exchange your bitcoins for different ones which cannot be associated with the original owner. In order to further enhance the security of your transactions we provide the opportunity to use two or more forward addresses as well as convenient time delays. In addition, we immediately delete all archival logs related to your transactions.

Okay, but now you say it's not necessary, and that it should be illegal everywhere, and that everyone who thinks it might be a valid way to use cryptocurrencies should fuck off and use something else? What the hell?

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