Not certain if this is the right sub (otherwise maybe point me in the right direction) but.... I'm interested to know if anyone has used Friedman's arguments for the legalization of drugs together with the Silkroad and/or other online platforms used to purchase drugs with the use of Bitcoin as evidence that mass drug legalization would not harm society, but benefit it as a whole.
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It's an exciting time for bitcoin - the little currency that could. The critics have been countered. The skeptics are warming. The believers are swelling, and the earliest adopters are profiting. There are profits ready to be taken - to lock in gains. But not every "winner" is eager to formally declare these profits by cashing out at KYC/AML gox. A large fraction of them may be willing to lock in those gains by:
simultaneously growing the bitcoin economy
avoiding exchange fees
avoiding exchange delays
avoiding exchange formalities
In other words, now that we may have more bitcoins burning holes in the pockets of more bitcoiners than ever, we may see more demand for ways to spend these coins directly. Anyone who's turned a hefty profit holding btc, who's nervous that this recent run-up is a little bubbly, may welcome ways to:
pay for utilities
purchase high-value items
pay for food (pizza is a good start)
prep for emergencies
Honestly, I was intrigued with the pizza approach. It seems like low-hanging fruit. Granted it's clunky, but it's a wide-open market, and sets the stage for copy-cats in other markets. Where am I headed with all this? I'm thinking aloud. What about grey-market websites - even one in the same vein as silkroad, but without all the sinister darkness? Grey markets don't offend as many people, and could potentially strengthen support for bitcoin. Silkroad-like sites might work where a cookie-cutter pizza-for-coins model doesn't. BTW: I just remembered about BitWasp: http://www.reddit.com/Bitcoin/comments/y8jjh/bitwasp_an_open_source_marketplace_based_on_to
What about shipping wine and liquor? Is that legal? If so, could a pizza model apply here too?
What about shipping cigarettes? Is that legal? (The smoke road, anyone?)
Shipping high-value and value-dense items helps defray the costs of shipping. What other items fit these models? TL;DR Brainstorming. I like the idea of 1) the pizza-for-coins model 2) silkroad model for grey markets What do you think?
I think bitcoins are immoral because their use undermines existing currencies and governments. It seems like widespread adoption of bitcoins would cause governments to collapse. Mining bitcoins allows some people to make money without producing any tangible goods. Its just producing arbitrary codes that can be spent or exchanged for money. People are changing real money for these arbitrary codes and are being taken advantage of. There seems to be a lot of crime surrounding the use of bitcoins (silkroad) as well. The rapid growth of bitcoins is partially due to its anonymity and use in nefarious purchases (drugs etc). I think bitcoins are immoral CMV
I'm using bitcoin blender to mix my bitcoin. SilkRoad gives me multiple addresses to choose from....should I just send all of my bitcoin to one of the addresses? A lot of people said they had problems when they divide up the bitcoin deposit with each address. Also, is it safe to deposit now? Cause I remember that wasn't the case the past few days.
After PRISM: Beefing up security and dispelling some misinformation - guide and AMA by fellow ent
I don't know if you are interested and I know this is a lot of fu%ng information, but I really think you need it. I've seen a lot of disinformation about technology here, and guess not all of you think about all the consequences of your digital actions. Be alarmed. Although marijuana is getting more acceptance are most of you still doing something illegal. With high certainty have your activity been monitored and logged. How, when and if that will ever be used against you is unknown. Now relax, because what goes on here is not what the bad guys (NSA et co.) are after. But I still think you should keep the following information under consideration. As it applies to the rest of your digital life as well.
HTTP, HTTPS and Tor
HTTP is bad. It sends all information in the open, available for anyone on the way to listen to. (And tamper with.) The NSA don't even have to lift a finger. HTTPS is better. It makes sure your information is only available to the service you have put your trust in. But we know how that can go... Tor is better. It makes sure your physical identity (i.e. your IP address) is unknown. However without HTTPS is your information still available to everyone. Tor and HTTPS is best. Now no one knows where you are, and only the services you trust get your information. tl;dr: See EFF's visualization on HTTPS and Tor.
To put it very bluntly: You cannot ever fully trust any central authority. This is any service that requires you to send information through their servers. Like Google, Microsoft, Apple, Yahoo, Facebook, Snapchat, Twitter, your ISP, your bank, even Reddit and the SilkRoad. Basically almost every website and application. You give them information, they keep it. If they ever lose it, give it away or misuse it, is your security put at risk. Some of these have already proven they are unworthy of that trust. tl;dr: Don't use them for anything you don't consider public information. If you do, use HTTPS, Tor and a pseudonym.
Bitcoin is fun! If you get interested in it you'll see why this is the turn of a new era! The fuel for the coming revolution. Bitcoin is a digital currency. It's security is in it's decentralization, that makes it so no single entity have authority. Which means no one can control anyone else's coins. You can use it to purchase weed (and other drugs), computer games and bundles, cars, porn, electronics, lasers and a whole lot of other stuff. It has just started, and more and more merchants are starting to use it every day. Bitcoin is also a deflationary currency, and only 21 million will ever be generated. This means that as time goes by will the value of each Bitcoin rise, and an economy built on it will be prone to corrupt governments and greed. (Well, to some extent at least.) Be warned: Bitcoin is not, contrary to popular belief anonymous. All transactions are visible to everyone, so be careful which addresses you share with whom. It is however pseudonymous, and if used correctly leaves no traces of your identity when you don't want. tl;dr: Get involved! Buy half a coin or something. (1 BTC is about $100 now.) You can even get them for cash! Use them or store them, do whatever. It really is the next big thing. Like since the Internet. There is /Bitcoin.
The SilkRoad is also fun. It's a happy place where you can satisfy most of your recreational desires as well as some minor black market stuff. You'll find forgeries (e.g. fake drivers licens), pirated software, sketchy electronics (money counter, scales, bugs), drug paraphernalia and a lot more. Even legal stuff. But nothing intended to hurt anyone else. I have personally bough trees and misc from SilkRoad, and gotten it safely delivered. It is a rush, all the way from buying the bitcoins, doing the research and picking the vendor, waiting and then receiving. Really good product for a really good price. I'll do it again. Then again.. If you have the guts, check it out! It is relatively safe, as long as you do your research. Pick one of the top sellers, and a small amount the first time. Maybe something special you can't easily get around home, like a concentrate or a new strain of weed. Most vendors do a good job hiding the contents of the package, but should it be intercepted is there safety in plausible deniability. Just repeat after me: "No. I have no knowledge of the package you are talking about." Unless law enforcement sent it will they not have sufficient evidence for a case. Be warned: You are purchasing drugs on the Internet, expecting delivery on your door. Have no illusions about this. Consider the circumstances. Be safe.
Use a real identity and no PO boxes - don't make the postal service look twice at the package!
Don't accept finalizing early - it stays in escrow until you have gotten the package!
tl;dr: Fun! Fun! Somewhat cheap. Somewhat safe. Somewhat dangerous. Make up your own mind. Poke around at /SilkRoad and the site itself. Also, there is Atlantis (/Atlantis). It has better interface, more features and lower fees, but has a little less activity. The security should be equal. Mentioned for the sake of healthy competition!
Snapchat: You should know better than to believe this is security. Consider SMS and most texting applications equally good at security; not at all. Same goes for Skype and cell phone talking. Don't give Facebook any more of your personal information. Or any other service for that matter.. Images often have location information stored in them. Remove EXIF information from sensitive images. Look at prism-break.org for alternatives to popular services you shouldn't use.
I had no idea my high mind would be this detailed. I hope some of you learn something. Please ask me any questions you might have.
I'm reading the book "Tipping Point" and it made me think about this concept in relation to Bitcoin. Silkroad gave Bitcoin an immediate sense of actual value (that couldn't be attained with fiat). Would bitcoin be where it is today without Silk Road?
Investigating the $1B Bitcoins on the move from a SilkRoad related wallet
2 days ago, I reported that a SilkRoad related wallet containing about $1B worth of Bitcoins (111,114 $BTC and the same amount of $BCH and of other Bitcoin forks) was on the move after 4 years and 5 months of inactivity : https://www.reddit.com/Bitcoin/comments/9bfnff/near_1b_are_currently_on_the_move_from_a_silkroad/ Today, I will dig a little bit more into this wallet activity. Below you will find a graph representation of the transactions sent over time from the original 111,114-BTC wallet to the most recent wallets which have received some of the coins. Each branch represent a sequence of transactions sent through several wallets. Red nodes indicate the most recent transactions (< 1 month), blue nodes indicate quite recent ones (<1 year) and green nodes are the older ones ( > 1 year).
Picture 2: original coins are currently transferred on Binance wallet, in fact it is a major end-point/aggregate of transactions originated from the 111,114-BTC wallet (1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s).
Picture 4: funds are currently actively mixed, you can see a chain of red nodes with no other purpose than transferring n time the coins and splitting/mixing it a bit (3Ah15skNb8R1teRWs6h2Q2vRywkLJWUhhb).
$1B bitcoins on the move: MtGox vs SilkRoad origin and BTC price impact discussed
Preamble: it seems that my post was censored and removed on bitcoin... from now I will only publish my articles on btc and crosspost it. Freedom and freespeech matter to me. -- This is the 4th post of a series of articles dedicated to investigate $1B worth of bitcoins (111,114 BTC/BCH/... BXX) that were dormant since 2014 and started moving actively. The BTC coins were originally located at this address (1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a).
The facts that part of this funds (>13%) have been transferred in the past month to Bitfinex, Binance and Bitmex exchanges is discussed here.
The origin of the bitcoins was originally discussed here.
A deep-dive into the wallet activity was discussed here.
Today I am writing a short update to discuss the origin of the funds and some events that could be related both to this wallet and yesterday's price crash. Wallet's origin This question has been discussed a lot by the crypto community in the past year. Here is a summary of the most probable hypothesis for the 1933p wallet's origin:
Wizsec, a prominent Bitcoin security expert, seems to be pretty sure that the wallet belongs to a MtGox hodler and early investor, who is not a DPR or a SilkRoad user, per his Twitter post: https://twitter.com/wizsecurity/status/1037030003068653569 Finally, Wizsec and I agree that this wallet is not CSW`'s wallet despite it is mentioned in several court documents. Wizsec spent a lot of time debunking CSW's ownership claims earlier this year: https://twitter.com/wizsecurity/status/968337084837781504 What do you think about this wallet origin? ` BTC price crash Also, I wanted to report some events that could be related to this 1933p wallet activity:
$100M USDT were transferred (reported by u/whalecheetah) while the 1933f wallet owner was in the process of transferring approximately the same amount to several exchanges.
10,000 BTC buy order was filed last night on Bitmex with 8,030 BTC transferred from a Bitfinex user wallet while the 1933p wallet owner transferred approximately the same amount of BTC to Bitfinex since August, 24th.
Heroin dealer and addict for 7 years. Used to buy heroin for distribution on silkroad. Spent 5 years in prison and got out clean and sober, used the bitcoins I had in my old wallet to buy this monster house. #blessed
Silkroad, największy czarny market Internetu został zamknięty przez służby federalne USA. Założyciel William Ulbricht został aresztowany i oskarżony o przemyt narkotyków. Silkroad działał w sieci TOR a wszystkie płatności dokonywane były za pomocą bitcoinów. Szacuje się, że aż 10% ruchu w sieci bitcoina generowane było ... Roger Clark, the alleged senior advisor to the Silk Road marketplace, pleaded guilty to conspiring to distribute massive quantities of narcotics. It put bitcoin in the hands of countless new users, demonstrated firsthand what could really be possible with decentralized currency and served as Bitcoin’s first significant use case. For many in the Bitcoin space, Silk Road has become a touchstone for Bitcoin’s utility and its role as a foil to the mainstream economic system. And, adding to this symbolism, its founder, Ross Ulbricht, was ... In Erinnerung an die ursprüngliche dunkle Markt. 7,5 x 7,5 Druck, perforiert, 900 1/4 Quadrate. Auf HQ 300gsm perforiert Löschpapier mit Essen Grade Tinte gedruckt. WELTWEITER VERSAND Dieser Kladde ist nur für Kunst, bitte halten Sie es auf diese Weise. Diese enthält keine Drogen und soll nicht. Bitcoin Gold 24h $ 7.86-0.88%. Bitcoin Gold 24h $ 7.86-0.069765-0.88%. Tether 24h $ 0.999768-0.06%. Tether 24h $ 0.999768-0.000576-0.06%. USD Coin 24h $ 0.998676-0.08%. USD Coin 24h $ 0.998676-0 ...
Silk Road- the eBay for illegal things and more - has been shut down by the feds and the FBI is accused of taking millions of dollars in Bitcoins from site u... Our Bitcoin discussion topics includes the Bitcoin protocol of the block chain, the real identity of Satoshi Nakamoto, ramifications of the Silk Road on Bitcoin price, Dogecoin, Litecoin, the Dark ... She also led the investigations into the Mt. Gox hack and the corrupt agents on the Silk Road task force -- the first cases of the U.S. government using the bitcoin blockchain to fight fraud, not ... Es geht um Auftragsmorde, Drogenbosse, den Darknet-Marketplace Silkroad und korrupte FBI-Agenten! Aber es geht auch um Blockchain, eine Technologie, die schon bald unserer Zusammenleben ... The Deep Web, the Darknet and Bitcoin - Duration: 46:18. MarkMonitor 5,644 views. 46:18 "The truth about mobile phone and wireless radiation" -- Dr Devra Davis - Duration: 1:01:30. ...