Tumbling Options, Say all End all.

Can we discuss legit tumbling options? With the downtime of shared send, bitcoinfog, it would be in our best interest to discuss tumbling options for VENDORS, as keeping them secure also keeps us buyers secure.

The idea of moving to altcoin and back has been discussed. The flaw with is is most operate on clearnet, and wouldn't hesitate to give up the addresses of the transfers used.

Someone take the time to write a legitimate guide for the protection of all of us.


Comments


[2 Points] MakeitMasked:

"Sure... Let's look through this a bit more step-by-step. Before you start, let's say you've set up accounts on several different altcoin exchanges using TOR and throwaway emails.

Acquire bitcoin. Whether that's coinbase, Mt. Gox, localbitcoins or any other number of places to buy bitcoin.

Transfer bitcoin to an exchange wallet - let's use Cryptsy as an example.

Use bitcoin to buy 3 different altcoins in random amounts. For this example, 38% into Dogecoin, 25% litecoin, 37% into feathercoin.

Those coins are then shuffled to 3 different exchanges. For this example, litecoin are moved to BTC-e. Dogecoin are moved to Coinex. Feathercoin are moved to Bter.

Those coins are then exchanged back into bitcoin.

Move coins to Darknet wallet.

So anyone tracking your bitcoin will track them to Cryptsy... And then nothing. Why? Because they're expecting to see bitcoin come out but instead, you've moved from the bitcoin blockchain onto 3 other different blockchains. And with the sheer number of altcoins out there, figuring out which chain to follow becomes that much more difficult.

Some of the coins traded don't even have working block explorers... Cosmoscoin comes to mind. How can you track a transaction when there's no tool to do so effectively?

If you're really concerned about security, you can trade those altcoins back to bitcoin and then into different altcoins, and then shuffle those to other exchanges for conversion back to bitcoin before moving into a wallet. The more times you bounce coins to different exchanges, converting them back into bitcoin and then into a different altcoin for movement once again, the more difficult your movements become to trace.

If you're converting bitcoin to altcoin and back relatively quickly, there shouldn't be any real loss in devaluing your coins. There is always chance for loss though, as in any exchange, but there's also chances for making money... For example, lottocoin prices jumped a few weeks ago 500% over an 8 hour period. You can always stay in coins with relative stability like litecoin and feathercoin to mitigate losses.

Hope this makes a bit more sense. "