Why is Bitcoin losing the dark-net markets?
wildsnow2d9.substack.com
Why is Bitcoin losing the dark-net markets?
1–10 of 39 posts
Re: Why is Bitcoin losing the dark-net markets?
#2Privacy, like encryption, really needs to be convenient to be effective at scale.
While you certainly can achieve good enough privacy with Bitcoin, it's cumbersome as you need to jump through several hoops and it'd rady to make a single mistake that makes it all moot.
That's why all these opt-in solutions are doomed to failure, and the best (and only) solution is privacy-by-default like Monero does.
And the auther is correct that Bitcoin's culture is the problem, as the Bitcoin community will never hardfork to enforce privacy in this manner, so Bitcoin will never regain adoption on dark-net markets.
Re: Why is Bitcoin losing the dark-net markets?
#3Is it? Haven't used Dark Net Markets in a while but I just logged onto the largest market according to Dread, and it looks like Bitcoin is not just widely accepted but the market default currency.
Re: Why is Bitcoin losing the dark-net markets?
#4What's the 411 on MimbleWimble?
Re: Why is Bitcoin losing the dark-net markets?
#5What's the OP's thought on Mimble Wimble as recently implemented on a Scrypt based POW chain.
Re: Why is Bitcoin losing the dark-net markets?
#6What's the 411 on MimbleWimble?
does anyone here speak jive?
Re: Why is Bitcoin losing the dark-net markets?
#7What's the OP's thought on Mimble Wimble as recently implemented on a Scrypt based POW chain.
MW hides amounts and addresses [1], but not the transaction graph. However, MW can be extended with a coinswap protocol [2] that obscures the tx graph as well, giving pretty good privacy, while improving scalability. Also see this comparison of 3 blockchains [3].
[1] https://forum.grin.mw/t/scalability-vs-privacy-chart
Re: Why is Bitcoin losing the dark-net markets?
#8What's the 411 on MimbleWimble?
If you're interested in a non-technical explanation of Mimblewimble, I tried to explain it through pictures here https://phyro.github.io/what-is-grin/mimblewimble.html
Re: Why is Bitcoin losing the dark-net markets?
#9Within less than 2 years monero will have taken over darknet. Then itll go mainstream.
Re: Why is Bitcoin losing the dark-net markets?
#10Within less than 2 years monero will have taken over darknet. Then itll go mainstream.
Definitely heard this 2 years ago, 4 years ago, 6 years go and even 8 years ago.
I think it’ll take a lot longer than you/we think.