Brokering narcotics and everything else to the entire world is an unsustainable business you have no safe country to flee to if caught or outed. Surprised these black markets don't just focus on one foreign market from their stronghold in Abkhazia or something.
The Dark Web’s Top Drug Market, Evolution, Just Vanished
11–20 of 115 posts
Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#12[deleted]
Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#13"NSWGreat described confronting Evolution’s two pseudonymous owners, Verto and Kimble, who he or she says then admitted they were closing the market and stealing its funds. “I am so sorry, but Verto and Kimble have f–ked us all."
With no chat logs, all we go by is this guy's word? What are the odds he was in on the heist?
Also, this reminds me of when Max Butler did a brute force take over of all the carders markets and then created his own "super carders forum" by hacking in and then wiping their databases and then repointing their domains to his. While this is probably not in the realm of possibilities, if this site does come back, people had better be very, very weary of who's actually running it.
Lessons learned and all that jazz I suppose.
Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#14I don't understand why vendors would keep a lot of bitcoins on the site, instead of withdrawing them as quickly as possible. This guy apparently had 300BTC/$85k on there! http://np.reddit.com/r/DarkNetMarkets/comments/2zeuxo/compla...
Escrow, funds are only released once the buyer confirms that he received the shipment. If you have a ton of outstanding orders, you are going to have a lot of funds frozen in escrow.
I thought the whole point of bitcoin was that it was peer-to-peer with no chargebacks or centralized middlemen?
Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#15So why haven't markets that utilize Bitcoin escrow transactions taken off yet?
Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#16Earlier quoted context omitted.
Escrow, funds are only released once the buyer confirms that he received the shipment. If you have a ton of outstanding orders, you are going to have a lot of funds frozen in escrow.
I thought the whole point of bitcoin was that it was peer-to-peer with no chargebacks or centralized middlemen?
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Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#17Earlier quoted context omitted.
Escrow, funds are only released once the buyer confirms that he received the shipment. If you have a ton of outstanding orders, you are going to have a lot of funds frozen in escrow.
I thought the whole point of bitcoin was that it was peer-to-peer with no chargebacks or centralized middlemen?
A side benefit, but I wouldn't say the whole point. There are some cases where middlemen are necessary - the difference being that they're a lot more avoidable with BTC than they are in meatspace. (Credit cards, authorities who rob people carrying large amounts of cash, and so on.)
Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#18There are people on reddit raising funds to doxx the people who ran Evolution. Jesus... a whole lot of shadowbans are going to happen once the admins wake up. Maybe even some subreddit bans.
I also read today there is a bitcoin wallet floating out there with something like 400K bitcoins in it that people think might be the stolen Evolution funds.
Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#19So why haven't markets that utilize Bitcoin escrow transactions taken off yet?
"The site gained users’ trust by offering a feature known as “multi-signature transactions,” designed to prevent exactly the sort of bitcoin theft its administrators are now accused of."
Seems like the site's differentiating feature was multiparty escrow transactions but weren't used often due to hassle?
Re: The Dark Web’s Top Drug Market, Evolution, Just Vanished
#20Earlier quoted context omitted.
Escrow, funds are only released once the buyer confirms that he received the shipment. If you have a ton of outstanding orders, you are going to have a lot of funds frozen in escrow.
I thought the whole point of bitcoin was that it was peer-to-peer with no chargebacks or centralized middlemen?
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