Dark Wallet vs Bitcoin Fog: Battle Of Anonymous Bitcoin Services

Anonymity and privacy are quickly becoming a commodity that is in demand. Once seen as the domain of criminals and the paranoid, revelations about intrusive government surveillance and high profile hacks have caused ordinary people to take a long look at how they present themselves online.
The BitLicense regulation shadows over everything in cryptocurrencies. The community is outraged and Bitcoin businesses are either struggling to make sense of it or are moving out of New York all together.
But what the government can’t see, can’t anger it. There are plenty of legitimate, legal reasons to want anonymity in your transactions. A business doesn’t necessarily want how much each of their employees are paid out on the public blockchain for an example. But more than that, for most transactions it is no one’s business but your own what you spend your money on. It’s a level of privacy most of us have forgotten about in the world of credit cards and multipage long user privacy agreements, but it is still a level of privacy that we fundamentally have the right to. With that in mind, and with the recent revelations about SharedCoin’s flaws, we have decided that a look into the most secure and popular ways to anonymize your coins is probably appropriate.
First thing first, the popular mixing service SharedCoin, notably offered by Blockchain.info is not enough to anonymize your coins. Simply looking at the blockchain and matching transactions is enough to determine who sent what to whom in most cases.

This post was published at Coin Telegraph on 2014-08-27.

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