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Author Topic: ProtonMix --A mixer like ChipMixer  (Read 892 times)

Offline ProtonMix

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Re: ProtonMix --A mixer like ChipMixer
« Reply #15 on: April 07, 2024, 05:21:05 PM »

Quote
Given that I am well aware of the way in which CM operated, I can only say that in the end it turned into something bad for end users, more precisely those who for some reason saved coins on private keys or vouchers. Although they claimed that such things are deleted after a while, it turned out that all private keys and vouchers with balance were swept away the moment the mixer was taken down.

Your main problem is how to gain trust, not only in the mixing process, but also in security and privacy, where CM unfortunately failed in the end.


I myself was a victim of the chipmixer shutdown, I acquired multiple private keys which I imported into my electrum wallet but didn't transfer them out to my own wallet in the first place, after about 2-3 days a few bitcoin addresses with smaller amounts were transferred out, I don't know why only some of them were transferred out but I'm glad it wasn't all of them!

You're right, it's hard to gain trust, especially for a new mixer, I've thought a lot about privacy and security, and I've done a lot, and I'll leave it up to time to prove it, I want ProtonMix to be a mixer that provides privacy for bitcoin but also avoids getting caught up in money laundering, the easiest thing is to limit the amount of money to do so, so I'm going to position him at the beginning to be a platform for small amounts of bitcoins to provide a privacy service, and bitcoin mixers of less than ten bitcoins are enough to satisfy the majority of common users.

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Re: ProtonMix --A mixer like ChipMixer
« Reply #15 on: April 07, 2024, 05:21:05 PM »

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Re: ProtonMix --A mixer like ChipMixer
« Reply #16 on: April 07, 2024, 05:40:30 PM »
Quote
I understand how CM worked, I used CM for years and I was part of the CM gang on BTT for years, it's quite the opposite, you are missing a thing here, and that is the variety of chips.

With CM for example if you were to mix 0.1 B you would get 0.64 + 0.032 + 0.004 but you could further split your chips into 3 x 0.032
or even split them again.

In your reserve idea, you have chips of the value:
 0.001, 0.002, 0.005, 0.01, 0.02, 0.05, 0.1, 0.2, 0.5
that makes 0.9 of your reserves but if someone would want to go with the CM model he would deposit 0.4 BTC and want them split into 4 0.1 BTC chips, someone would deposit 0.5 and again would want 4 0.1 chips and two 0 0.05 chips.
With your liquidity, if you have 1.2 BTC and 0.7 stuck in 0.2 and 0.5 chips you would have no way of fulfilling an order of 9 0.1 chips, despite the order being lower than your reserve.

It's a matter of change, you need way more low-specific chips than the orders you're taking.

You're right, chipmixer has more variety in chips and more flexibility in splitting and combining chips, I think I'd have a hard time doing that.
In fact, my current test chips are 0.001,0.002,0.002,0.005,0.01,0.02,0.02,0.05,0.1,0.2,0.2,0.5, so it supports any amount of 0.001-0.009 directly, when the user deposits 0.4, the system will return the minimum number of chips in priority, that is, 0.2+0.2, when the user deposits 0.9, the system defaults to return the minimum number of chips, that is, 0.2+0.2, when When the user deposits 0.9, the system returns 0.2+0.2+0.5 by default, there is no way to split or merge according to the user's preference, splitting and merging is one of chipmixer's strengths, at present we can't do it, this is not as good as the chipmixer place!

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Re: ProtonMix --A mixer like ChipMixer
« Reply #17 on: April 07, 2024, 08:31:33 PM »
Hello @ProtonMix.

Please, you can copy several quotes in a single post without having to write several posts in a row, since it is not allowed in the forum. Simply click on the post you want to quote, copy the text, and paste it into your post.

In this way we prevent a thread from being filled only with posts from one user and make it easier to read.

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Re: ProtonMix --A mixer like ChipMixer
« Reply #18 on: April 08, 2024, 04:21:13 PM »
Protonmix's development has learned from Chipmixer. The Bitcoin you get existed before your wallet transfer.
If you have used chipmixer, you can use Protonmix like using chipmixer.
Why are you mentioning chipmixer so much?
We all know that Chipmixer story didn't end well, and I think I saw that your cloned their mixer and it was posted with testnet in bitcointalk forum.
It didn't work very well for me when I tried to use it back then (stuck coins), now you are moving to mainnet and I don't consider it safe for use.  :P
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Offline ProtonMix

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Re: ProtonMix --A mixer like ChipMixer
« Reply #19 on: April 09, 2024, 01:57:56 PM »
Protonmix's development has learned from Chipmixer. The Bitcoin you get existed before your wallet transfer.
If you have used chipmixer, you can use Protonmix like using chipmixer.
Why are you mentioning chipmixer so much?
We all know that Chipmixer story didn't end well, and I think I saw that your cloned their mixer and it was posted with testnet in bitcointalk forum.
It didn't work very well for me when I tried to use it back then (stuck coins), now you are moving to mainnet and I don't consider it safe for use.  :P

I really like chipmixer, because the idea of mixing is very good, most of the mixers take deposits, charge part of the commission and then transfer the money in a couple of hours, which I don't like.
Thank you for having tested the testnet network, testnet is for testing, and testing a series of problems that have been fixed, that's the point of testnet, I'm sorry that testnet has left a bad impression on you!


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Re: ProtonMix --A mixer like ChipMixer
« Reply #20 on: April 09, 2024, 05:09:42 PM »
I really like chipmixer, because the idea of mixing is very good, most of the mixers take deposits, charge part of the commission and then transfer the money in a couple of hours, which I don't like.
Thank you for having tested the testnet network, testnet is for testing, and testing a series of problems that have been fixed, that's the point of testnet, I'm sorry that testnet has left a bad impression on you!
It would be more fair and honest from you to tell the truth how you released testnet version, and not to wait for me to first reveal this information.
You also didn't said before that you had any plans to move to full working mixing platform, just that you are doing some experiments.

How much Bitcoin you have now that is available for mixing, and what is maximum amount people can mix?
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Re: ProtonMix --A mixer like ChipMixer
« Reply #21 on: April 10, 2024, 02:20:06 PM »
I really like chipmixer, because the idea of mixing is very good, most of the mixers take deposits, charge part of the commission and then transfer the money in a couple of hours, which I don't like.
Thank you for having tested the testnet network, testnet is for testing, and testing a series of problems that have been fixed, that's the point of testnet, I'm sorry that testnet has left a bad impression on you!
It would be more fair and honest from you to tell the truth how you released testnet version, and not to wait for me to first reveal this information.
You also didn't said before that you had any plans to move to full working mixing platform, just that you are doing some experiments.

How much Bitcoin you have now that is available for mixing, and what is maximum amount people can mix?

I have released a version of testnet and found some bugs and fixed them, why do you think I have to disclose this information?
There's a lot I haven't said before, and a lot I'm going to do in the future, so why should I?

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Re: ProtonMix --A mixer like ChipMixer
« Reply #21 on: April 10, 2024, 02:20:06 PM »


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Re: ProtonMix --A mixer like ChipMixer
« Reply #22 on: April 10, 2024, 09:38:39 PM »
I have released a version of testnet and found some bugs and fixed them, why do you think I have to disclose this information?
There's a lot I haven't said before, and a lot I'm going to do in the future, so why should I?
It's a bit strange to hear this, but yeah you don't have to disclose anything at all.
And you don't have to answer simple question I asked about maximum coins that can be mixed, just don't expect people will use your service after that.
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