No one seems to understand the difference between laundering and privacy. Criminals don't launder for privacy! Cash already gives them privacy. Criminals launder so that the Lambo in the carport doesn't raise IRS eyebrows.
Didn't anyone watch Breaking Bad? The carwash business actually laundered money. Think about why Walter didn't just spend his meth dollars. The point wasn't to obscure the origin, as the origin isn't written on the bills anyway; the point was to create a fake white-market origin. By CashShuffle logic those unlaundered dollars are squeaky clean and "privacy protected" since their source cannot be determined. Mixing does the very opposite of the carwash business! (unless you kept KYC records on every party in the group signature scheme)
It's not even laundering; it's a boneheaded attempt at laundering that has zero benefit unless you are a criminal.
I may disagree with some of you, but I don't want to see you lose your stash as a party to attempted money laundering due to an innocent misunderstanding of how money law works. I suspect this idea that mixing is "for privacy" was created and promoted by criminals looking for a way to hide their crimes.
Here is why not to use these so-called privacy measures. Satoshi gave privacy measures in the whitepaper and they are nothing like mixing. Mixing does what it sounds like: turns everything into gray. Just as if you were mixing paint. But only pristine white is fungible.
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Mixing turns illegally obtained bitcoins into bitcoins of unprovable origin. It does not clean them. It turns them from black to gray. They can still be confiscated and still cannot be used in quantity on the white market, but they are harder (more expensive) to trace to the specific crime.
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Mixing turns legally obtained bitcoins into bitcoins of unprovable origin. It does not make them black, instead it turns them from white to gray. The only "benefit" is it opens them to confiscation, makes Best Buy flag you for KYC when you buy a big screen TV (and maybe an IRS audit), and opens you to possible entanglement in criminal investigations including the worst of the worst criminals as possible co-parties.
Friends don't let friends CashShuffle.
