We introduce the first iteration of the pink entanglement engine as a solution for anonymous transactions between users of bitcoin based cryptocurrencies. Anonymity is essential to such coins,and there has been a long history and a number of attempts to implement greater levels of anonymity into bitcoin and its derivative 'altcoins'. The pink entanglement engine provides a new and different approach that anonymizes transactions in such a way that the link between sender and receiver is completely and permanently untraceable and unrecoverable.