What's the 411 on MimbleWimble?
does anyone here speak jive?
boppa'tron
Why is Bitcoin losing the dark-net markets?
31–39 of 39 posts
Re: Why is Bitcoin losing the dark-net markets?
#32Privacy, 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…
Yeah and that sucks because dark nets are really the best use of crypto
Re: Why is Bitcoin losing the dark-net markets?
#33Earlier quoted context omitted.
would it be accurate to say due to design shortcomings both in security and transaction processing, bitcoin shouldn’t be the top cryptocurrency in the next 5-10 years?
Technically Bitcoin has already been surpassed. But "top cryptocurrency" generally refers to the marketcap, which is almost entirely speculation driven, and speculation doesn't seem to care much about fundamentals. Just look at what other crap people speculate heavily in... So your guess is as good as mine on how long it will take for reality to catch up with Bitcoin.
I was under the impression that Bitcoin has remained dominant because most other coins are affected by the underlying price of BTC.
Anything crypto I see most regular people doing is basically... USD -> USDT (Tether), and then USDT -> USD
I guess that bypasses BTC, but has a heavy focus on fiat.
Are we still in the days where... if BTC goes down, ETH goes down?
Re: Why is Bitcoin losing the dark-net markets?
#34Privacy, 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…
Yeah and that sucks because dark nets are really the best use of crypto
Maybe it sucks for Bitcoin, because it is becoming a little less relevant, but privacy coins are clearly the best fit for darknet markets.
To me, Bitcoin is already commoditized. Wallstreet is already using it. It would be unreasonable to expect darknet markets to use the same system, especially when it makes privacy hard.
Re: Why is Bitcoin losing the dark-net markets?
#35Earlier quoted context omitted.
Yeah and that sucks because dark nets are really the best use of crypto
Maybe it sucks for Bitcoin, because it is becoming a little less relevant, but privacy coins are clearly the best fit for darknet markets. To me, Bitcoin is already commoditized. Wallstreet is already using it. It would be unreasonable to expect darknet markets to use the same system, especially when it makes privacy hard.
[deleted]
Re: Why is Bitcoin losing the dark-net markets?
#36Because Bitcoin is not 'anonymous' and it is traceable and it never guaranteed privacy features in its whitepaper unlike privacy coins like Monero, MobileCoin, Grin and Zcash?
Did you read the article?
I hope you read the guidelines: [0]
Please don't comment on whether someone read an article. "Did you even read the article? It mentions that" can be shortened to "The article mentions that."
Re: Why is Bitcoin losing the dark-net markets?
#37Earlier quoted context omitted.
Did you read the article?
I hope you read the guidelines: [0] Please don't comment on whether someone read an article. "Did you even read the article? It mentions that" can be shortened to "The article mentions that." [0] https://news.ycombinator.com/newsguidelines.html
"okay"
Re: Why is Bitcoin losing the dark-net markets?
#38Earlier quoted context omitted.
> 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 DPR lives on? Well, the legend played out how it was intended to.
Dread is a Reddit clone specifically for Dark Net Markets. It was created just before Reddit banned the DarkNetMarkets subreddit.
> Dread is a Reddit clone specifically for Dark Net Markets. It was created just before Reddit banned the DarkNetMarkets subreddit.
Oh, huh... that's less interesting, I still cannot believe people have such horrible OPSEC that they'd use reddit like platform to talk about DNM, take that to TOR accessible only sites where you have some level of security.
You're giving LE all the info they need to make cases and seize funds.
Edit: That is exactly what it is [0].
Re: Why is Bitcoin losing the dark-net markets?
#39Earlier quoted context omitted.
Dread is a Reddit clone specifically for Dark Net Markets. It was created just before Reddit banned the DarkNetMarkets subreddit.
> Dread is a Reddit clone specifically for Dark Net Markets. It was created just before Reddit banned the DarkNetMarkets subreddit. Oh, huh... that's less interesting, I still cannot believe people have such horrible OPSEC that they'd use reddit like platform to talk about DNM, take that to TOR accessible only sites where you have some level of security. You're giving LE all the info they need to make cases and seize…
> take that to TOR accessible only sites where you have some level of security.
Could be accessing reddit through tor+VPN.