Bitmixer.io, one of the largest Bitcoin mixing services on the web, has decided to close its doors for good with the operators announcing that the reason behind their decision is change of opinion about Bitcoin.
For those of you who haven’t heard about Bitcoin mixing aka Bitcoin tumbling, it is a process whereby you use some third party service to break the connection between a Bitcoin address sending coins and the address(s) they are sent to. Considering the Bitcoin blockchain is a public ledger, all the transactions are recorded and Bitcoin mixing services are used by all those who do not want the entire world to know exactly where they send and store their BTC, or from where they receive it. That’s where services like Bitmixer.io comes in as they help Bitcoin users do just that.
Bitmixer.io has a fairly large userbase and according to data revealed by the service they have been processing 65,000 BTC per month in recent months. The service also had an official Tor mirror and they were present on the deep web as well. The service was started in 2014 only to become one of the most used Bitcoin mixing service.
However, that’s changing considering the operator announced a sudden closure through a message on their website “We stopped our service.”
Explaining their decision, the operator the service says that being a bitcoin enthusiast since 2011, they were convinced that any Bitcoin user has a natural right to privacy, but they feel that’s totally wrong.
“Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin.” the operator wrote in a statement.
The sudden closure that attracted mixed reactions with many claiming that the service is closing its doors because of pressure from law enforcement agencies or preemptive steps by the operator post the recent take down of darknet marketplaces like Alphabay and Hansa.
But the operator says that the closure is purely because of change of opinion about Bitcoin and that it has nothing to do with law enforcement agencies.