Comment Re:Color me curious.... (Score 1) 22
What possible legal use does a "mixing service" provide?
Hiding money flow from public view. It is trivial to automatically trace all transfers on the blockchain. And the same way I don't post my banking history to the Internet, I have a reasonable need to not have all of my Bitcoin transactions fully transparent to everyone in the world.
So tl;dr: The legal use is: Protect my privacy.
That doesn't mean I am doing anything illegal. I might be doing something perfectly legal but socially controversial - maybe I make campaign contributions to the communist party, or consume an unhealthy amount of furry porn. It might also be legal but I have a need to hide my finances from someone specific - maybe an abusive spouse, maybe overly controlling parent, maybe a stalker.
For the moment, Bitcoin is still a bit of a niche thing, but the more it moves into mainstream, the more people will have the interest and the capabilities to use Bitcoin to breach people's privacy when they use Bitcoins to pay for something.