Before answering the questions in possible orders that were asked, we would like to thank the community for your hospitable welcome. We feel positive. We are familiar with SMF settings so it is not hard to navigate and use SMF features properly. But ofc we are not fully knowledgeable yet with the community guideline and culture within the altcoinstalks community. However, we are learning fast to adopt with this generous community. Thank you again.
Huge thanks to respected forum member AB de Royse777 who is guiding us to set and execute promotion plans. Thanks to Bitcointalk forum member Little Mouse who agreed to secure the $20,000 for us as we wanted someone else to be the escrow in the crypto community. We would like to thank other members who were showing their interests to help us. Some of them were giving us free graphic designs. Although we rejected the freebies but we appreciate the kindness, generous approaches and everything that were offered.
@alltalk, the $20,000 is not going to associate with any promotions what so ever. The user Cantsay guessed it correct. It is a guarantee that we are interested to create and build the business, provide low fees, private, and secure bitcoin mixing service for high profile bitcoin users to help maintain the privacy.
Why Higher fee = Better Privacy? What would be different if I paid a higher fee since there is no mention of a different mixing algorithm.
We believe all bitcoin users have their right to protect their financial privacy. The
GenesisMix.cx enables you to secure that desired privacy. A bitcoin user with the luxury to spend more on service fees and do not want to wait longer even the delay to zero, will have the similar anonymity of a bitcoin user with the luxury to wait longer delay even to 7 days by paying lowest service fees.
According to the terms of service it says "Not a resident or living within the United States of America and its Jurisdiction" so how would you enforce that? The service claims that it does not request data from users.
It worth to inform that
we do not use Cloudflare to prevent DDoS attack. We all know the friendly relation of Cloudflare with agencies. Instead of Cloudflare we use costly, premium quality, and highly secured DDoS attack prevention service. Our DDoS-Guard will prevent visitors who are living within the United States of America and its Jurisdiction.
What does this line "We reserve the right to refuse service to anyone" mean and how would it be enforced, bitcoin acquisition or what?
For any reason if we are not interested to provide service to a bitcoin user, we will not execute their order. We will freeze the coin and wait for the bitcoin user to contact us using our official support channels. After collecting necessary information we will send back their coins to a given address without sending it to our mixing pool.
The network fees are very high 0.0003 BTC is around $25 while most transactions require less than $10 to confirm.
UTXO consolidation sometimes cost higher so considering it, the 0.0003 BTC network fees for a mixing service that offers up to 4 destination addresses is not high to be honest. However, we agree that not all the time the network fees we spend is 0.0003 for UTXO consolidation. We figured the 0.0003 BTC network fee is a win-win deal for both us and our users. There are bitcoin mixers who are taking the network fees as much as 0.0007 BTC per transaction because they found this fee is a win-win deal for them and their users. At
GenesisMix.cx we want all bitcoin users to protect their financial privacy.
(Although the question for all mixers that offer this is, why the fixed network fee?)
Thank you for your post and support. We do not know about other bitcoin mixers but our mixing mechanism works in several steps, all happens on chain. Each step requires to pay network fees. If we could execute our mixing mechanism just like a withdrawal request in a bitcoin service platform like exchange, and gambling sites then our tech team could write a simple script and calculate the network fees dynamically.
Regarding recognizing a reputable member, we would like to know your feedback of our choice.
btw. why the choice of .cx domain extension?
We did not want to do business with regular domain service like GoDaddy, Hostinger, Namecheap, and other know providers who are mainstream and popular. With due respects, we believe they are highly respectful to agencies but not to cryptocurrency communities interests. So, we wanted to go with a reputable and anonymous domain service provider who respects cryptocurrency and its community. We are also not a fan of .COM domain extension. According to our domain service provider .CX is a cryptocurrency friendly domain extension and from our study we found the same too. This was the reason, we wanted to brand our service using the .CX domain extension.
According to Registrar Data their registration data indicates a London address but this address does not contain a private company ---> https://find-and-update.company-information.service.gov.uk/company/04985780/officers
We do not know what information you can see. Any information about the domain were set by our anonymous domain service provider, not by GenesisMix
.cx management.
Anyway, you don't have telegram channel, dude?
We find SimpleX is more secure for anonymous peer-to-peer communication.
Regarding several reserved posts, we were suggested to do it so that we can separate different upcoming updates, keep all together and link all separately with our official website.
Thank you @kai for adding your thoughts.
Sorry for the long post, we hope it was useful to answer the questions that were asked. We appreciate your support and the friendly reception.
After sharing this response with our tech team, we may edit some technical information if requires.
Best Regards
GenesisMix
.cx Team