[How To]: get a completely anonymous MAID

I considered the problem you pointed out. If you keep the private keys of all the wallets you use for the transactions (the bitcoin wallets and the ethereum wallets) you can prove to everyone (exchanges and government) that you made these transactions and the money are yours :dragon:

Yes , sure, but you were trying to stop that info leaking, if your going to provide it, why bother to make your maid anonymous in the first place.

It’s very simple, so you have finer control. For example, you can have a small hot anonymous wallet that you can use to pay merchants online with MAID and order goods/services at your real physical address without worrying that the merchant will sell your personal information to bad people if you are a MAID multimillionaire. You are simply reducing the surface of attack on your person. So you only have to worry about the state / exchanges :security:

1 Like

I guess we all find different ways to get the same end effect.
Id just never send payment to a merchant from a rich address.
Even if they link that address to a rich address they don’t know you own it.
As sotoshi said, don’t reuse addresses, thats also useful as I’ve read reusing addresses weakens the encryption and opens you to different attacks.

1 Like

Okay, let me explain it this way.

As we have already established, there are 40 million millionaires in the world or in other words every millionaire can have an average of 112 Safe. Let’s say you buy 122 MAID from Bittrex today, you pay 10 MAID fee and send them to an external address.

You now have 112 MAID. Just as many as there is for the average millionaire. Five years pass and 1 Safe is 10 000$. You have 112x 10 000$ = 1 120 000$. Now what?

Imagine that you can go back in time and instead of sending these 112 MAID to 1 address you send them to 2 addresses, ie. you pay 2 fees of 10 MAID and so you have an additional loss of 100 000$ to reduce the risk of associating your address with a large amount of money. But is $ 500 000 a small amount of money?

You have to divide them into even smaller amounts from the beginning and pay even higher fees … It is much more profitable for you to anonymize your MAID and have a small hot anonymous wallet when you need it. :dragon:

1 Like

I’ll split them on the live network with 0 cost, and no loss to exchanges.

1 Like

Wasn’t this whole conversation started with your concern that they wouldn’t allow you to exchange something anonymous for fiat money?

1 Like

Yes, but by the time we’re live I’ll have no mortgage, no debt, no need to pull coins into fiat to pay of those debts.
I’ll happily keep my money as crypto then and spend crypto on things without needing fiat.

1 Like

I understand, then this guide is not for you. It is for future Safe millionaires (The 112 Club) :lol:

I dont know, to me it seems your imagining problems to make your idea seem useful.

There’s no need to keep giving exchanges withdrawn fees when anyone can send them with omniwallet without doing so.

No one ( in my mind ) has any need to split everything into tiny amounts before we go live and is able to do it for free.

Your assuming an awful lot, such as each coin being worth 10k.

Seems to me your just over thinking things and creating problems that don’t/ won’t exist.

2 Likes

If you use omniwallet, everyone will track your transactions up to the first large amount of MAID. Even if you have 100 small addresses or 1000 your first purchase of something in the real world will connect you to the other 999 addresses. The only way to hide is to send from the exchange to different addresses, so they can track the MAID only to the address of the exchange.

Of course, you can be right it’s all just probabilities.

If the Safe network fails there will not even be a safe token.

However, if the network succeeds, the math show that there are not enough tokens in the network for even the richest people on the planet to join the 112 club, let alone the other 8000 million people on the planet …

1 Like

This makes no sense to me.
When the exchanges send them out they use omni.
Being as the exchange know they are all your addresses those addresses can be linked.

If you go to omni and do it, ppl can see one address sent say 100 maid to 100 addresses.
So long as you don’t start sending between those addresses, they could be 100 different ppl.

How would you be able to tell if 1 person or 100 ppl owned those coins?

In theory you are right, but in practice how many people do that? Over 99% of the cash flow is from the exchange to a user’s addresses. MAID has no local trading, so with great certainty those 20k people who bought from the exchanges can be traced even if they split their coins after the exchange…

1 Like

If I was a thief willing to torture someone for pvt keys, I’d no doubt choose 1 address with many coins to get my hands on over the many addresses that could / could not belong to one person as my target.

As long as it is minimal then it will not be able to know if some of the 100 people send to another company/person coins for whatever (purchase/gifting/whatever)

I will only note that they already censoring transactions in the Bitcoin blockchain with the initiative - ā€œClean block miningā€.

It is good to predict from now that the analysis of private wallets will continue and if you are connected directly to an address that does something that people in power do not like - for example, donate money to a cause they do not like - there is a high probability all wallets directly associated with this address to receive the same treatment…

1 Like

I haven’t studied these phenomena in depth, but the word ā€œcensoringā€ seems misleading. And who are ā€œtheyā€ again?

They are the people behind the ā€œClean block miningā€ that adheres to the Office of Foreign Asset Control’s (OFAC’s) compliance standards and reduces the risk of mining blocks that include transactions linked to nefarious activities…

They are the people controlling 7.6% of the bitcoin hashrate…

But what is this ā€œcensoringā€ they are doing?

They do not allow certain transactions related to crypto wallets that they have decided are bad to go through their bitcoin mining pools.