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| − | Prior to the advent of trustless alternatives, '''mixing services''' (also called '''tumblers''') were used to mix one's funds with other people's money, intending to confuse the trail back to the funds' original source. In traditional financial systems, the equivalent would be moving funds through [[Wikipedia:Offshore bank|banks located in countries with strict bank-secrecy laws]], such as the Cayman Islands, the Bahamas and Panama.
| + | #redirect [[Bitcoin mixer]] |
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| − | When mixing bitcoins, you send your money to an anonymous service and, if they are well-intentioned, they will send you someone else's tainted coins. So, now, whatever those coins were used for may now be traceable back to you. Additionally, mixing large amounts of money may be illegal, being in violation of [[Wikipedia:Structuring|anti-structuring laws]].
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| − | ==See Also==
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| − | * [[Anonymity]]
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| − | * [[:Category:Mixing Services]]
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| − | * [http://www.bitcoin.org/smf/index.php?topic=2893.0 RFC: Bitcoin Mixnet]
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| − | {{wp|Cryptocurrency tumbler}}
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| − | [[Category:Financial]]
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| − | [[Category:Anonymity]]
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