AlphaBay announces built-in tumbling service

FWIW, AlphaBay just announced this today, April 22nd, 2016:

"Alphabay can now safely be used as a coin tumbler! This means that no level of blockchain analysis can prove that your coins come from Alphabay since we use our own obfuscation technology. Making a deposit and withdrawing after is now a way to tumble your coins and break the link to the source of the funds. Since tumbling is not illegal, and since we leave no paper trail, you now have ironclad plausible deniabilty with your Bitcoins."

It's worth noting, that if this is indeed all legit, the coins would need to be deposited into AB and then withdrawn into a completely anonymous BTC wallet. Personally, I've never trusted tumblers and prefer obfuscation through swift crypto-currency exchange whenever I've felt it necessary.

What do you guys think? Legit or shaky as shit?


Comments


[7 Points] akon000:

"you now have ironclad plausible deniabilty with your Bitcoins."

Is alphabay starting a comedy show or what because the way they are making fun of their users is hilarious.

ironclad? I'm sure there was another word to use instead of ironclad but no.

Withdraw all your coins and never use AB again because like Vendor_BBMC said they are going to exit scam at the end of this year.


[5 Points] Vendor_BBMC:

Marketplaces with tumblers are fundamentally incompatible with multi-sig escrow.

Tumblers are all about hiding the flow of bitcoin. Multisig escrows are all about letting you watch.

Like a POV bitcoin cumshot onto the vendor's eager face.

With a tumbler, you jizz into a brandy glass in a nightclub with a load of germans, and every vendor gargles a bit of everybody's bitcoin, then gulps it down.


[2 Points] traceless-:

It's "shaky as shit" for sure.

They are basically saying:

"trust us with holding your records of tumbling activity too, we only hold records of your DNM activity. There is now no reason to have un-linkable records.".

More "shaky" than the built in PGP encryption systems markets provide.

P.S: A new tumbler is launching this week.


[2 Points] Stoned3y3Codon3:

Is it just another way to hold more coins for their exit ?


[1 Points] Selectivescammer1:

Just another way for alphabay to rip off their customers


[1 Points] coffeencreme:

This makes me a little....unsettled.


[-3 Points] Vendor_BBMC:

This is just my personal opinion:-

I think alphabay have been itching to exit scam, but walletexplorer keeps finding their wallets. They changed them in November, then it happened again.

Previously, alphabay and it's users were in grave danger of being tracked via bitcoin, by the police. Mistakes made during this time will remain for 100 years, recorded on the blockchain.

From today, you are safer from the police, but not safe from alphabay. They are safe from walletexplorer-type sites, but no safer from traditional blockchain accountancy techniques.

If they suddenly disappeared tomorrow, like nucleus but intentionally, they would get away with a one-day "snapshot" of the market's bitcoin.

If they had "wallet problems due to the new tumbler" like sheepmarketplace, where you can deposit but not take bitcoin out, they would get caught. How? Any bitcoin on the site will end up in their wallet - tumbler or no tumbler - there's nowhere else it can go.

It should be possible to find their commission wallet in the tumbler, because 5% gets split off everything. Taint analysis won't show much taint, but it will show thousands of possible routes to the wallet.

Using it as a tumbler? they wish! "Hello carding fraudsters. here's some bitcoin. Can you make it impossible to find?"

"Then give it back to me? I'll wait here for you"

"You will give the bitcoin back to me, won't you?"

[alphabay} "What bitcoin?"