posted on Aug, 3 2018 @ 08:19 PM
a reply to: Peper
The premise of crypto is to decentralize finances. The link you provided removes the decentralized aspects, and requires a centralization to provide
Why I feel crypto is so amazing is that one only needs to trust mathematics to move finances... no longer lives the days of which a 3rd party entity
is offered the trust to move finances for us. Well we can trust 3rd party entities and pay them fees to remove the responsibility of how we as
individuals handle our finances if we want, but I see it as a way to continue to pull fees out of the pockets of people who don't care to take
responsibility for finances that they maybe should.
Couple those facts with the ability to simply buy privacy coins/tokens such as Monero, and I see a scam and or laws going after any who are hiding
transactions on what should be an open to read ledger of blockchain transactions. Hiding within an open source platform will more than likely draw
scrutiny from law enforcement at some point in time, or the bestmixer company or companies will be exposed for trying to hide within what should be
open source... all it'll take is one mismanagement by an end user to end up holding bestmixer responsible for either aiding and abetting, money
laundering, or possibly tax ramifications.
Honestly, just move your bitcoins that you wish to remain private to a privacy coin, and save yourself the fees and possible fallback would be my
advice. Besides, it's far too expensive of mining fees using bitcoin. The slow transaction rates bog down the network, where Altcoins are next to
nothing to transfer.
The most solid of options is a hardware wallet though. It doesn't matter what happens to the network... if you store your assets on a hardware wallet
you'll be as safe as a crypto user can get. Check out the Ledger Nano S when you can... it's an awesome wallet.
There is no system of * & ** using these open source platforms... I noticed they are up front and center on the bestmixer site, which makes me nervous
as hell to even think of trusting.
In the end, we just have to be more individually responsible for how our finances are transacted. I'd like for people to feel brave enough to trust
in their own person, rather than a 3rd party.
I gotta say... your post comes off as either shady or as an advertisement for bestmixer. One has to wonder what kind of shady deals you may be trying
to hide as the aspect of privacy coins is an elementary aspect of crypto management. It's just weird that your first post ever at this site is to
inquire about circling around Bitcoin mainstays...