Silk Road forums
Discussion => Security => Topic started by: overeasy on August 23, 2011, 12:58 pm
-
As a n00b here, I fully appreciate the work of shepj and wicked420 on the GPG (Step-by-Step: Windows Pictorial) thread.
If anyone out there has the patience and gumption to construct a similar project for BTC, I'm sure that I wouldn't be the only one to be thankful.
Thanks for the consideration! ;D
-
me too surely vendors would like more buyers!
-
agreed! i want to get started with silkroad / btc - but i don't want to setup my btc in a way that is easily traceable back to me. i saw in another thread someone recommended buying btc with prepaid gift cards. this seemed like a good idea. anyway i digresss...
oh and hello - first post.
-
Remeber, the flow of Bitcoins from address to address is public!
Buying BTC from an exchange:
If you buy BTC on an exchange they have a link between your bank details and your bitcoin address.
Generating bitcoins by mining:
These coins are anonymous, however they could be mixed in woth your non-anonymous coins.
Assume the worst, assume all of the BTC in your wallet can identify you.
You can "clean" your non-anonymous bitcoins by using an e-wallet service (Use at your own risk, there are no guarantees that any eWallet service won't one day take all your bitcoins and disappear.)
With this method LE or an attacker will have to gain access to the eWallet service's transaction logs to continue to follow you in the transaction history.
It is a good idea to use multiple e-wallets.
Here are some examples of BTC flow:
USD to BTC at mtgox ---> SR (X)
USD to BTC at mtgox ---> Personal wallet ---> SR (X)
Mining BTC ---> Pool (such as deepbit) ---> SR (this is ok as long as your deepbit account doesn't identify you, perhaps you log in with your personal email?)
(When cleaning your BTC with instawallet e-wallet service connect to it using tor) https://www.instawallet.org/
USD to BTC at mtgox ---> Wallet 1 --> Wallet 2 --> Wallet 3 --> SR
USD to BTC at mtgox ---> Personal wallet ---> Wallet 1 --> Wallet 2 --> Wallet 3 --> SR
With ewallets, it is possible to end up getting your own coins back instead of other users' coins. Withdrawing Bitcoins more slowly and in smaller increments will help reduce this problem.
I'm no expert but I hope this info is helpful/sparks some questions. 8)
biscuitbase
-
Wouldn't the route, USD to BTC at mtgox ---> Personal wallet ---> SR, be OK if you get a new address every time?
-
I think not but someone else will have to explain why.