1 00:00:01,000 --> 00:00:02,000 Okay. 2 00:00:02,000 --> 00:00:08,000 So now that we understand what mixers are and why we might want to use them in this lecture, I want 3 00:00:08,000 --> 00:00:16,000 to show you how to actually use one to break the connection between transactions and use Bitcoin in 4 00:00:16,000 --> 00:00:17,000 a more anonymous manner. 5 00:00:18,000 --> 00:00:24,000 I'm going to use a mixer called Mixed Thumb in this example, but using these mixers is pretty much 6 00:00:24,000 --> 00:00:24,000 the same. 7 00:00:24,000 --> 00:00:31,000 So by the end of this lecture, you should be able to apply this knowledge to use any mixer you want. 8 00:00:32,000 --> 00:00:35,000 So we're going to click on Mix My Coins to start mixing. 9 00:00:36,000 --> 00:00:42,000 And as you can see right now, it's asking us for the address that will receive the payments. 10 00:00:42,000 --> 00:00:46,000 So this is the address of the second wallet of this wallet right here. 11 00:00:47,000 --> 00:00:52,000 And this is an extra option that we have here in mixed term where we can actually add another address. 12 00:00:52,000 --> 00:00:55,000 So we receive the coins in two different addresses. 13 00:00:55,000 --> 00:00:58,000 Again, making it even more difficult to track. 14 00:00:58,000 --> 00:01:00,000 But I'm just going to use one address. 15 00:01:00,000 --> 00:01:02,000 So I'm sending coins to this wallet. 16 00:01:02,000 --> 00:01:04,000 As you can see, the balance is zero. 17 00:01:04,000 --> 00:01:11,000 And in order to receive coins in here, as shown before we go to the receive tab and we come up with 18 00:01:11,000 --> 00:01:12,000 the address here. 19 00:01:13,000 --> 00:01:16,000 I'm going to paste it and send. 20 00:01:19,000 --> 00:01:24,000 As you can see right now, it's telling us that we should send the money to this address. 21 00:01:24,000 --> 00:01:27,000 Now, this is the address of mixed. 22 00:01:27,000 --> 00:01:29,000 The address of the mixer. 23 00:01:29,000 --> 00:01:33,000 So what we're doing right here, this is the address of this right here. 24 00:01:33,000 --> 00:01:40,000 And what we're going to do is we're going to transfer money from our first wallet to the mixer. 25 00:01:40,000 --> 00:01:47,000 And then the mixer will do its magic, mixing our coins and finally forward the coins to the address 26 00:01:47,000 --> 00:01:51,000 that we already gave it, the address of the first wallet. 27 00:01:51,000 --> 00:01:54,000 So what I need to do right now is copy this. 28 00:01:55,000 --> 00:02:00,000 And go to the wallet that I want to send money from, which is this wallet right here. 29 00:02:00,000 --> 00:02:03,000 As you can see, the balance is to micro bitcoins. 30 00:02:04,000 --> 00:02:05,000 We're going to go on send. 31 00:02:06,000 --> 00:02:10,000 We're going to set the pay to address to the address of the mixer. 32 00:02:10,000 --> 00:02:11,000 You can set a description. 33 00:02:11,000 --> 00:02:13,000 It doesn't really matter. 34 00:02:13,000 --> 00:02:18,000 I'm going to send the maximum possible amount and I'm going to keep the fee the same. 35 00:02:18,000 --> 00:02:22,000 Now, you want to keep in mind you send more than the minimum allowed amount. 36 00:02:23,000 --> 00:02:29,000 So if we go up to our mixer, you can see the minimum allowed amount is 0.001 Bitcoin. 37 00:02:29,000 --> 00:02:36,000 So multiply that by 1000 and that means one micro bitcoin is the minimum amount that you can mix. 38 00:02:36,000 --> 00:02:41,000 If you send less than that, it will either be lost or considered as a donation. 39 00:02:42,000 --> 00:02:45,000 The minimum amount differs depending on the mixture you're using. 40 00:02:45,000 --> 00:02:51,000 So whenever you're using a mixer, make sure you're always sending more than the minimum amount. 41 00:02:52,000 --> 00:02:56,000 So now that we're happy with everything, I'm going to click on Send. 42 00:02:56,000 --> 00:02:59,000 It's going to ask me for the password. 43 00:03:01,000 --> 00:03:03,000 And the payment is sent right now. 44 00:03:03,000 --> 00:03:09,000 So if we look at my history, you can see that the balance of this wallet is going to go down by minus 45 00:03:09,000 --> 00:03:11,000 two micro bitcoins. 46 00:03:11,000 --> 00:03:17,000 But if you look at the history here, we still don't see the unconfirmed transaction. 47 00:03:17,000 --> 00:03:23,000 Remember previously when we transferred money between two wallets, we immediately saw that the receiving 48 00:03:23,000 --> 00:03:30,000 wallet received an unconfirmed transaction and after a while this transaction became confirmed. 49 00:03:31,000 --> 00:03:36,000 Now we don't see it in this case because what we did right now, we didn't send money directly from 50 00:03:36,000 --> 00:03:38,000 this wallet to this one right here. 51 00:03:38,000 --> 00:03:42,000 We sent the money to the mixer right here. 52 00:03:42,000 --> 00:03:43,000 The mixer is going to do its magic. 53 00:03:43,000 --> 00:03:47,000 It's going to mix the bitcoins, make it harder to trace. 54 00:03:47,000 --> 00:03:55,000 And then and only then it will send it back to the receiving wallet, which is this one right here. 55 00:03:55,000 --> 00:04:01,000 Now, the time of mixing differs depending on the mixer and depending on how it works. 56 00:04:01,000 --> 00:04:07,000 With mixed thumb, it can take a maximum of 6 hours, so you want to be patient with it until you receive 57 00:04:07,000 --> 00:04:08,000 the amount. 58 00:04:08,000 --> 00:04:14,000 You might also receive the amount in smaller chunks, so you might not receive the whole amount in one 59 00:04:14,000 --> 00:04:15,000 transaction. 60 00:04:15,000 --> 00:04:20,000 So just be patient with it until you receive the full amount that you transferred. 61 00:04:20,000 --> 00:04:27,000 And keep in mind that there is a transfer fee and there is a fee taken by the mixer again, depending 62 00:04:27,000 --> 00:04:28,000 on the mixer itself. 63 00:04:30,000 --> 00:04:31,000 Okay. 64 00:04:31,000 --> 00:04:33,000 Now I'm back at my Tales Machine. 65 00:04:33,000 --> 00:04:36,000 Now, this is actually after about 20 hours. 66 00:04:36,000 --> 00:04:44,000 But if you look at the legacy wallet in here, you can see that we received our coins here from the 67 00:04:44,000 --> 00:04:44,000 tumbler. 68 00:04:44,000 --> 00:04:51,000 So first we received one micro bitcoin and then we received 0.7 micro bitcoin. 69 00:04:51,000 --> 00:04:56,000 So as you can see, it did not come as one full payment. 70 00:04:56,000 --> 00:05:02,000 Now I know I said I'm back after more than 20 hours, but if you look at the time of receiving this, 71 00:05:02,000 --> 00:05:08,000 it's only about 3 hours after the time when we sent the coins to the mixer. 72 00:05:08,000 --> 00:05:10,000 So it took about 3 hours. 73 00:05:10,000 --> 00:05:16,000 Like I said, it can take a maximum of 6 hours for mixed time, but at the time, very dependent on 74 00:05:16,000 --> 00:05:17,000 the mixture that you're using. 75 00:05:19,000 --> 00:05:24,000 So right now, the coins that we have in here and our John Wick wallet have been mixed and have been 76 00:05:24,000 --> 00:05:32,000 cleaned and will be harder to trace than normal coins because we broke the connection from the previous 77 00:05:32,000 --> 00:05:34,000 wallet that sent these coins. 78 00:05:35,000 --> 00:05:40,000 Like I said, this will make it harder to trace and make us more anonymous. 79 00:05:40,000 --> 00:05:44,000 But it's still not the best and the most ideal coin to use. 80 00:05:44,000 --> 00:05:48,000 If anonymity and privacy are very important. 81 00:05:49,000 --> 00:05:55,000 A better solution would be to use a coin that's designed from the ground up to be private and anonymous. 82 00:05:55,000 --> 00:05:58,000 And we'll talk more about that in the next lectures. 83 00:05:59,000 --> 00:06:06,000 I just wanted to cover this here because a lot of people and a lot of websites still use Bitcoin because 84 00:06:06,000 --> 00:06:11,000 Bitcoin is the most popular cryptocurrency, as we all know.