1 00:00:01,760 --> 00:00:08,870 OK so now that we understand what mixers are and why we might want to use them in this lecture I want 2 00:00:08,870 --> 00:00:16,010 to show you how to actually use one to break the connection between transactions and use bitcoin in 3 00:00:16,100 --> 00:00:18,350 a more anonymous manner. 4 00:00:18,350 --> 00:00:20,690 I'm going to use a mixer called Mixed them. 5 00:00:20,690 --> 00:00:25,070 In this example but using these mixers is pretty much the same. 6 00:00:25,070 --> 00:00:32,450 So by the end of this lecture you should be able to apply this knowledge to use any mixer you want. 7 00:00:32,450 --> 00:00:38,990 So we're going to click on mix my coins to start mixing and as you can see right now it's asking us 8 00:00:38,990 --> 00:00:42,560 for the address that will receive the payments. 9 00:00:42,560 --> 00:00:46,900 So this is the address of the second wallet of this wallet right here. 10 00:00:47,150 --> 00:00:52,610 And this is an extra option that we have here and mixed them where we can actually add another address. 11 00:00:52,610 --> 00:00:55,730 So we receive the coins in two different addresses. 12 00:00:55,760 --> 00:01:00,410 Again making it even more difficult to track what I'm just going to use one address. 13 00:01:00,500 --> 00:01:04,990 So I'm sending coins to this wallet as you can see the balance is zero. 14 00:01:05,000 --> 00:01:11,510 And in order to receive coins in here as shown before we go to the received tab and we cope with the 15 00:01:11,510 --> 00:01:22,240 address here I'm going to paste it and send it as you can see right now it's telling us that we should 16 00:01:22,240 --> 00:01:24,400 send the money to this address. 17 00:01:24,400 --> 00:01:29,200 Now this is the address of mixed home the address of the mixer. 18 00:01:29,200 --> 00:01:30,610 So what we're doing right here. 19 00:01:30,610 --> 00:01:33,750 This is the address of this right here. 20 00:01:33,790 --> 00:01:40,810 And what we're going to do is we're going to transfer money from our first wallet to the mixer and then 21 00:01:40,930 --> 00:01:48,070 the mixer will do its magic mix in our coins and finally forward the coins to the address that we already 22 00:01:48,070 --> 00:01:50,990 gave it the address of the first wallet. 23 00:01:52,120 --> 00:01:58,920 So what I need to do right now is copy this and go to the wallet that I want to send money from which 24 00:01:58,920 --> 00:02:00,350 is this wallet right here. 25 00:02:00,420 --> 00:02:04,360 As you can see the balance is to micro bitcoins. 26 00:02:04,470 --> 00:02:06,280 We're going to go on send. 27 00:02:06,300 --> 00:02:10,800 We're going to set the pay to address to the address of the mixer. 28 00:02:10,800 --> 00:02:11,950 You can set a description. 29 00:02:11,970 --> 00:02:13,410 It doesn't really matter. 30 00:02:13,440 --> 00:02:18,780 I'm going to send the maximum possible amount and I'm going to keep the feed the same. 31 00:02:18,780 --> 00:02:23,150 Now you want to keep in mind you send more than the minimum allowed amount. 32 00:02:23,160 --> 00:02:29,530 So if we go up to our mixer you can see the minimal allowed amount is zero point zero zero one bitcoin. 33 00:02:29,550 --> 00:02:36,840 So multiply that by a thousand and that means one micro Bitcoin is the minimum amount that you can makes. 34 00:02:36,960 --> 00:02:43,910 If you send less than that it will either be lost or considered as a donation the minimum amount differs 35 00:02:43,940 --> 00:02:45,970 depending on the mixer you're using. 36 00:02:45,980 --> 00:02:53,510 So whenever you're using a mixer make sure you're always send in more than the minimum amount so now 37 00:02:53,510 --> 00:03:01,300 that we're happy with everything I'm going to click on send it's going to ask me for the password and 38 00:03:01,300 --> 00:03:03,320 the payment is sent right now. 39 00:03:03,370 --> 00:03:09,520 So if we look at my history you can see that the balance of this wallet is going to go down by minus 40 00:03:09,520 --> 00:03:11,390 two micro bitcoins. 41 00:03:11,470 --> 00:03:17,230 But if you look at the history here we still don't see the unconfirmed transaction. 42 00:03:17,260 --> 00:03:23,740 Remember previously when we transferred money between two wallets we immediately saw that the receiving 43 00:03:23,740 --> 00:03:27,040 wallet received an unconfirmed transaction. 44 00:03:27,100 --> 00:03:31,360 And after a while this transaction became confirmed. 45 00:03:31,360 --> 00:03:36,910 Now we don't see it in this case because what we did right now we didn't send the money directly from 46 00:03:36,910 --> 00:03:38,870 this wallet to this one right here. 47 00:03:38,890 --> 00:03:43,960 We sent the money to the mixer right here the mixer is going to do its magic. 48 00:03:43,960 --> 00:03:51,400 It's going to mix the bitcoins make it harder to trace and then and only then it will send it back to 49 00:03:51,490 --> 00:03:55,640 the receiving wallet which is this one right here. 50 00:03:55,750 --> 00:04:02,220 Now at the time of mixing differs depending on the mixer and depending on how it works with mixed them 51 00:04:02,320 --> 00:04:04,820 it can take a maximum of six hours. 52 00:04:04,840 --> 00:04:08,750 So you want to be patient with it until you receive the amount. 53 00:04:08,860 --> 00:04:12,490 You might also receive the amount in smaller chunks. 54 00:04:12,490 --> 00:04:15,630 So you might not receive the whole amount in one transaction. 55 00:04:15,730 --> 00:04:20,770 So just be patient with it until you receive the full amount that you transferred. 56 00:04:20,830 --> 00:04:26,270 And keep in mind that there is a transfer fee and there is a fee taken by the mixer. 57 00:04:26,290 --> 00:04:31,280 Again dependent on the mixer itself OK. 58 00:04:31,310 --> 00:04:33,710 Now I'm back at my retails machine. 59 00:04:33,710 --> 00:04:37,100 Now this is actually after about 20 hours. 60 00:04:37,100 --> 00:04:44,770 But if you look at the legacy wallet in here you can see that we received our coins here from the tumbler 61 00:04:45,020 --> 00:04:51,770 so first we received one micro bitcoin and then we received zero point seven micro Bitcoin. 62 00:04:52,160 --> 00:04:56,450 So as you can see it did not come as one full payment. 63 00:04:56,450 --> 00:05:02,600 Now I know I said I'm back after more than 20 hours but if you look at the time of receiving this it's 64 00:05:02,630 --> 00:05:08,880 only about three hours after the time when we sent the coins to the mixer. 65 00:05:09,080 --> 00:05:10,280 So it took about three hours. 66 00:05:10,280 --> 00:05:13,980 Like I said it can take a maximum of six hours for mixed them. 67 00:05:14,090 --> 00:05:19,280 But the time very dependent on the mixer that you're using. 68 00:05:19,480 --> 00:05:25,060 So right now the coins that we have in here and our John Wick wallet have been mixed and have been cleaned 69 00:05:25,510 --> 00:05:32,590 and will be harder to trace than normal coins because we broke the connection from the previous wallet 70 00:05:32,770 --> 00:05:35,500 that sent these coins. 71 00:05:35,500 --> 00:05:42,490 Like I said this would make it harder to trace and make us more anonymous but it's still not the best 72 00:05:42,520 --> 00:05:49,200 and the most ideal coin to use if anonymity and privacy are very important. 73 00:05:49,240 --> 00:05:55,570 A better solution would be to use a coin that's designed from the ground up to be private and anonymous. 74 00:05:55,570 --> 00:05:59,490 And we'll talk more about that in the next lectures. 75 00:05:59,530 --> 00:06:06,160 I just wanted to cover this here because a lot of people and a lot of Web sites still use bitcoin because 76 00:06:06,160 --> 00:06:11,080 bitcoin is the most popular cryptocurrency as we all know.