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Would zerocoin count as a mixer? It sounds very similar, and I believe those are/can easily be illegal^.

The wiki page on mixers [0] suggests that doing this with a large amount of money could be seen as structuring [1].

https://en.bitcoin.it/wiki/Mixing_service http://en.wikipedia.org/wiki/Structuring

^ In the US

It's not a mixer.

What's the functional difference? It's a way of combining assets then removing them such that tracing becomes difficult/impossible. The link I gave warns about hiding transactions over $10k, as I understand it doing that with zerocoin would be illegal.

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