Bitcoin Black Market Competition Heats Up
1–10 of 51 posts
Re: Bitcoin Black Market Competition Heats Up
#2I kept hearing about how Bitcoin was so often used for "money laundering" and illegal activities. Are these sites what all the fuss is about?
Re: Bitcoin Black Market Competition Heats Up
#3The sooner these "hard" drug sellers will be busted - the better for everyone, including Bitcoin future.
Re: Bitcoin Black Market Competition Heats Up
#4[deleted]
Re: Bitcoin Black Market Competition Heats Up
#5[deleted]
Like alcohol and tobacco marketing?
Re: Bitcoin Black Market Competition Heats Up
#6The sooner these "hard" drug sellers will be busted - the better for everyone, including Bitcoin future.
People should be allowed to put whatever they want in their body. The war on drugs is a seismic failure that does nothing but propagate the prison industrial complex. The most popular drugs on these sites are marijuana and psychedelics such as LSD and psilocybin mushrooms that are by no means "hard" drugs. Making things illegal, especially drugs, doesn't make them go away. Your just pushing them underground where they aren't regulated.
Re: Bitcoin Black Market Competition Heats Up
#7The sooner these "hard" drug sellers will be busted - the better for everyone, including Bitcoin future.
People should be allowed to put whatever they want in their body. The war on drugs is a seismic failure that does nothing but propagate the prison industrial complex. The most popular drugs on these sites are marijuana and psychedelics such as LSD and psilocybin mushrooms that are by no means "hard" drugs. Making things illegal, especially drugs, doesn't make them go away. Your just pushing them underground where the…
“If the words ‘life, liberty, and the pursuit of happiness’ don’t include the right to experiment with your own consciousness, then the Declaration of Independence isn’t worth the hemp it was written on.”
- Terence McKenna
Re: Bitcoin Black Market Competition Heats Up
#8Atlantis is significant because it's the first market of its kind to support Litecoin, a lesser-known scrypt-based bitcoin alternative.
Re: Bitcoin Black Market Competition Heats Up
#9The attitude of the Atlantis CEO seems much different from the founder of SilkRoad, Dread Pirate Roberts.
Whereas the Atlantis CEO seems very into this business for the money and fame, DPR seems more interested in the ideological standpoint of it all (libertarian ideals and all that jazz).
Quotation from Dread Pirate Roberts:
All that being said, my primary motivation is not personal wealth, but making a difference. As corny as it sounds, I just want to look back on my life and know that I did something worthwhile that helped people. It’s fulfilling to me.
Source:
http://www.forbes.com/sites/andygreenberg/2013/04/29/collect...
EDIT: some formatting mistakes
Re: Bitcoin Black Market Competition Heats Up
#10It seems like this is a boom for law enforcement. One of the fundamental aspects of bitcoin is that every transaction is recorded and publicly view able. In order to anonomize your currency you bassicly need to go through a mixing service, which takes bitcoins from a pool of users, and redistributes them back to the same users, but at new accounts, so it would be 'impossible' for someone to follow the money using only the blockchain.
There are two ways around the impossibility. One is to do statistical analysys to try and infer which two accounts are the same person. If you reguarly use the same service, this would likely be quite doable.
The other way around this is to compromise the mixing service (either hacking, or with a warrent).
There is currently research being done to make bitcoin properly annonomous [1]