News for hackers. Stuff that matters.

A comment on Largest Bitcoin mixer, Bitmixer.io, closes down. Parent comment

Re:Largest Bitcoin mixer, Bitmixer.io, closes down by ikeboy on Monday July 24, 2017 @08:19PM (#14843984)
>You can't even sell gift certificates on the Internet without having built a business that will probably have criminals as a plurality constituency.

This is not correct, in my experience - largest constituency for many gift cards is merchandise resellers. I myself have purchased in the mid 5 figure range of gift cards and I've met people who've spent in the 7 figure range.

[ Parent | on HN ]
Re:Largest Bitcoin mixer, Bitmixer.io, closes down by tedunangst on Monday July 24, 2017 @08:42PM (#14844099)
How do you know anything about other buyers just because you buy a lot?
[ Parent | on HN ]
Re:Largest Bitcoin mixer, Bitmixer.io, closes down by ikeboy on Monday July 24, 2017 @08:49PM (#14844135)
I know large gc sellers and I've sold a decent amount myself. I know the gross margins some of the exchanges run on, and the fraud rate is low.
[ Parent | on HN ]
Re:Largest Bitcoin mixer, Bitmixer.io, closes down by mustacheemperor on Monday July 24, 2017 @09:00PM (#14844180)
Is it a plurality of users, not volume? Does the average criminal sell a fraction of the amount a top seller does?
[ Parent | on HN ]
Re:Largest Bitcoin mixer, Bitmixer.io, closes down by ikeboy on Monday July 24, 2017 @09:07PM (#14844210)
There's a community of small time sellers. I don't believe the overall fraud rate is that significant.
[ Parent | on HN ]
Re:Largest Bitcoin mixer, Bitmixer.io, closes down by dyim on Monday July 24, 2017 @08:29PM (#14844021)
Shameless plug, but one of my old college friends sells gift cards at scale: https://support.priceyak.com/hc/en-us/articles/203465699-Buy...

If you're in the Amazon world I'm sure you know of them, but if not I'd be happy to put you in touch (contact info in profile)

[ Parent | on HN ]
Re:Largest Bitcoin mixer, Bitmixer.io, closes down by ikeboy on Monday July 24, 2017 @08:38PM (#14844073)
Yes, I've used PY.

For volume gift cards, it's all about the discount. There's no way I would buy gc at no discount and have to pay cash, as PY offers last I checked.

[ Parent | on HN ]