Bitcoin not showing up on SR? : SilkRoad

How Silk Road 2.0's Bitcoin tumbler works

http://pastebin.com/S3Wwbmvf
submitted by therewontberiots to SilkRoad [link] [comments]

What should I read about markets?

I keep seeing posts advising people to read if they want to get started with markets. But read what? Everything seems out of date, with dead links.
I am comfortable with tor, have a secure VM to access. Have bitcoins. Used Silk Road back in the day.
But which tumblers are alive and good? Are there any good quality markets running at the moment? I see WHM, dark market talked about. Any others?
submitted by therealhairykrishna to darknet [link] [comments]

Monero - The Elephant in the Room

The state of financial privacy in 2020
Note: You can read this in a friendlier format with images over on Medium - https://medium.com/@johnfoss/the-elephant-in-the-room-34e061f5912a
The erosion of personal privacy is gaining momentum since the coronavirus pandemic took hold. Worldwide, there have been numerous calls by governments and social commentators to increase the surveillance of citizens in hope of controlling the virus. Corporations such as Google and Apple, along with countries such as Singapore, Germany, Belgium, USA, and South Korea have been utilizing smartphone data in different capacities to monitor the movements of citizens.
Many believe the implementation of new surveillance measures will calcify and become the new norm, setting precedence for further encroachment.
Mainstream media has also begun supporting the notion of increased surveillance to serve social and financial needs. A recent Bloomberg opinion piece discussed the need for increased surveillance, pointing out the financial system we operate within is fractured and inefficient when dealing with wide spread social and economic problems.
Once again, government over-reach of citizens’ privacy is a considered solution to our problems.
Countries such as Sweden (which is expected to go entirely cashless by 2023) have been leading the charge in moving to a cashless world, and in Australia the government is preparing to ban cash transactions over ten thousand dollars in order to increase monitorization.
This road to a cashless society is being sped up by the coronavirus pandemic. There is correlation between countries where ‘cash is king’ and a high number of coronavirus infections. Many retail stores are now too afraid to accept cash due to possible virus transmission, with some outright refusing to transact with cash.
The erosion of privacy, and the gradual transition from cash to digital financial transactions leads us to murky waters. Will we be able to conduct private financial transactions five to ten years from now?
Throughout the past decade, unorthodox individuals turned to Bitcoin in order to transact privately. This led to the inception of popular online darknet markets such as the Silk Road. However, many of the darknet markets proved to be unreliable and short-lived. It soon became apparent to Bitcoin users that Bitcoin is not private, and many of those conducting transactions in relation to darknet markets were identified and prosecuted.
Blockchain analytic companies such as Chainanalysis gained traction and suddenly Bitcoin tumblers were found to be ineffective. Blockchain analytic companies take advantage of Bitcoin’s transparent blockchain, analysing data and tracking transaction outputs. The blockchain analytic company then sells this information to cryptocurrency exchanges and government organisations so they can link Bitcoin addresses to specific users. Many Bitcoin advocates tout Bitcoin can be used privately via the use of newer tumbling technologies, however this is a somewhat arduous process with no guarantee of its effectiveness. In December 2019 Chainanalysis demonstrated how they tracked transactions mixed via Wasabi Wallet that were associated with the PlusToken scam. Tumbling also leads to the possibility of coin taint, whereas certain Bitcoin may be perceived to be less valuable because they can be identified as being associated with nefarious activities, and as a result exchange services may confiscate coins when a user attempts to sell them.
While Bitcoin holds many desirable characteristics of sound money, many prominent figures within the Bitcoin space have repeatedly discussed on the need for default privacy and fungibility. However, as was seen in previous years’ block size dispute, the issue of privacy will come with great lengthy debate as stakeholders attempt to reach a consensus that does not impact upon the characteristics of Bitcoin.
As change within the social and financial landscape continues to accelerate, those seeking financial privacy may turn to Monero.
Monero is the elephant in the room.
Monero is a cryptocurrency similar to Bitcoin and shares many of the same characteristics of sound money, however it also provides default privacy. Unlike other privacy focused cryptocurrencies, privacy isn’t opt-in, so all transactions and wallet amounts are unknown and indistinguishable from one another. Every unit of Monero is valued equally as no matter its history. This allows Monero to be truly fungible, and eradicates any possibility of coin taint. It has proven this in a number of cases. For example, exchanges have been hesitant to list Monero due to KYC/AML compliance issues it raises because it is impossible to determine transaction history.
If Monero provides financial privacy solutions, why is Monero being ignored?
Firstly, while most deem privacy to be important, many are yet to find it necessary to adopt privacy technologies. There are many easy to use privacy solutions such as Signal or DuckDuckGo, however these are not widely used as users opt for convenience instead. As surveillance increases and data collected is harnessed to marginalize or punish users, it is like that privacy technologies will become extremely desirable. Additionally, acquiring Monero can be difficult or inconvenient for some, as cryptocurrency exchanges must comply with laws and regulations, and may perceive it to be a risk listing an untraceable cryptocurrency. This also leads to lower liquidity than other cryptocurrencies.
Monero remains a community driven project. Public figures such as John McAfee and Crypto Vigilante continue to advocate the use of Monero ahead of Bitcoin. Due to its humble and open-source nature, Monero isn’t widely promoted even though it maintains the third largest cryptocurrency community on Reddit after Bitcoin and Ethereum.
In respect to the technology, Monero’s hashrate has steadily been increasing over time, and the number of daily transactions taking place on the Monero blockchain are higher than ever. The Monero Research Lab continues its research in order to improve the protocol. Over the past few years these improvements resulted in reduced transaction fees, and enhanced scalability and privacy.
In just a few years from now, it is extremely likely traditional financial systems will not provide the capacity to transact privately. Banks will be required to ask questions regarding why certain transactions took place, and recorded transaction data will be sold to third parties. As the erosion of our privacy continues to accelerate, it won’t be long until Monero gains the use and recognition it deserves, and price reflects this.
Monero is what people think Bitcoin is.
Feel free to share or publish this article as you wish.
submitted by johnfoss68 to CryptoCurrency [link] [comments]

An urgent message for anyone who used an account (mtgox, coinbase, etc) that is traceable to you to fund your silkroad bitcoin address

Consider it compromised.
Go here: https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
Go through each page. CTRL-find your silkroad address.
If it is anywhere, and you used your gox or coinbase or any other physically traceable address to transfer directly, consider your identity compromised. Delete your account and take all steps necessary to keep caution. The feds have a LOT of traceable addresses.
submitted by _supernovasky_ to SilkRoad [link] [comments]

Cold wallet

Something's not sitting right with me about the cold wallet situation. Why can't we find it yet? Not even the public keys? Either Gerry's a complete crook who didn't use cold wallets despite the risk involved and claiming to, or a poor unlucky sucker who lost his life & company/customer assets due to bad security practises (gaping single point of failure) and improper estate planning.
Everyone's been crying that he's a crook and there are no cold wallets because they can't seem to find any obvious TX's linking to a large smoking gun of a cold wallet... But not be so quick to dismiss that there's a possibility that there's a good explanation or something that we have missed so far. A couple blockchain analysis' were put forward publicly. They were quite well documented but I dont feel like they're truly able to see the full picture of QCX's accounts using the limited data parameters they had. There are too many TX's going thru qcx to be able to do a proper blockchain analysis without making some assumptions or limiting the scope in analysis.
One thing that stands out in my mind is what if the cold wallet was tumbled? Or quasi tumbled thru a major exchange like Bitfinex. For example, if I am making a transaction that I wouldn't want tied to me for security reasons I would tumble it by routing it thru an exchange first, or if I required higher privacy I would pay a tumbler service to forward clean coins that are untraceable to me.
Now why would Jerry possibly tumble his coins like a criminal on Silk Road or Alpha Bay would do? Instead of just sending straight from the cold wallet like the honourable, responsible CEO that they claimed he was? Why would he need that layer or more of separation/privacy if he wasnt up to some shady shit? Simple answer: he was essentially a 1 man shop with somewhere between $100-200M in crypto that he possibly carried on his laptop. That's a huge mark for kidnappers and all sorts of criminals. Could be part of his opsec if you will. I know that sounds shady AF and not how you'd expect a millionaire CEO of a bitcoin exchange to operate, but this is QCX we're talking about here. Anything's possible in the crypto world.
submitted by trowdembones to QuadrigaCX2 [link] [comments]

Bitcoin's minimum long-term value is $890, here's why...

People like to talk about what makes bitcoin valuable and say things like "low transaction costs" etc. They all seem to miss the major selling point of bitcoin, black market purchases. You take some coins, send them through a tumbler and the government can't trace you. Before silk road fell, it was already being overtaken by BMR and the market will just grow from there as software like TAILS makes black market shopping even easier.
So here's how I arrived at $809:
The worldwide black market is estimated at 1.7 trillion. Let's assume that one percent of this market decides to take advantage of bitcoins and tumblers. That's roughly 17 billion. If 21 million bitcoins represents a market of 17 billion, that leads to $809/coin.
submitted by Grammar-Hitler to BitcoinMarkets [link] [comments]

Just Another day in AncapVille

Mr. Robertson® is a registered trademark in Ancapville™ a utopian Anarcho-Capitalist town, and it represents a local successful businessman, as there are only successful businessmen in Ancapville. One day Mr. Robertson wakes up from his bed, made out of the bones of local communists which he bought from the local cemetery at a discounted price with Bitcoin, and expensive silk and gold made by local slave laborers ; when his personal assistant runs panicked towards him: “Sire, your favorite slave Bob had just died!” said the assistant. “How could this tragedy have happened” said Mr. Robertson, the assistant responded “He died of typhus because you failed to spend money on his healthcare” , furiously Mr. Robertson replied “What, are you a socialist? We live in the free market, it’s not my job to pay for his damn healthcare, he should have bought some SupercheapCare™ for only 74.999 Bitcoin/Year premium, it’s just a reputable health service, it was his fault for not insuring himself!”, the assistant happily replied “Yes sire, you are correct, anyone can afford healthcare in Ancapville™ so it was indeed his fault, shall I make an appointment for you at the 5:25 PM slave auction down at the market alley?” , Mr. Robertson relievedly answered “Yes please, and please also check what is the status of the wife I just ordered for 2 Bitcoins, she was due to arrive yesterday, it must be the damn public roads in Statistville why the transport is so slow”.
Mr. Robertson went down to the slave auction later in the afternoon and bought himself 2 new slaves. All slaves have a certification that they owe huge amounts of money, so their enslavement is just the way they are paying down their debts , the slave owner buys the slave, the slave works, and 50% of the productivity of the slave goes to pay back the lender while the other 50% is kept as profit of the owner, after the debt is paid out the slave gets liberated, so the NAP is not violated it’s just a fair restitution system for owed property as a free market would provide.
Going home happily with his 2 new slaves, he sees that his neighbor Mr. Jack® is having a large party and the music is too loud, having had a tiresome day as he worked so hard today, he just wants to sleep. He says to the neighbor to quiet down the music a bit since wants to sleep. His neighbor furiously replies “I am free, you don’t tell me what to do on my property, and by the way you are violating copyright for listening to this music without paying, I should report you to the local private copyright register!”. Nervously Mr. Robertson replies “Oh yeah, well the sound waves are entering my property without my permission, so it’s not copyright violation, but you on the other hand are trespassing with your soundwaves!”. Mr. Jack just ignores Mr. Robertson, turns his back on him and goes back to dance.
Looks like Mr. Robertson is not in the mood today for insults and he doesn’t really get along with Mr. Jack anyway, so he orders his defense chief to fire a missile into the audio system of Mr. Jack, perfectly justified since his audio system is aggressing against his property. Mr. Jack quickly responds to the situation, he quickly disperses his crowd and runs into his underground bunker war room. The crowd thankfully brought jumping poles so that they can jump over Mr. Jack’s private property into neutral adjacent unclaimed property, to not violate Mr. Jack’s private property further after he clearly ordered them out.
Mr. Jack now safely in his war room in his underground bunker orders his AI to direct all the chainguns facing Mr. Robertson property to shoot out all his windows. Thankfully Mr. Robertson’s windows are made out of a secret material that are very bulletproof so his property is not damaged. Mr. Robertson runs into his war room as well, unfortunately he doesn’t have chainguns as they were too expensive he only has robot soldiers equipped with bazookas and anti-tank missiles. Mr. Robertson tells his assistant to order the robots to attack Mr. Jacks property. The assistant replies “Sir you need to send 0.1 Bitcoin to each robot’s address in order to use them”, so Mr. Robertson sent away 10 of his hard earned Bitcoins. In the meantime Mr. Jack directed the chainguns at the robots and destroyed them all. Mr. Robertson shocked asks his assistant what the hell happened… the assistant replies “Sir, the Bitcoin transaction took too long to confirm, this gave enough time for Jack to destroy them”, Robertson replies “Damn, I should have never bought these cheap robots, prepare the McNukes™!”.
In the meantime the local DRO intervenes and sends a message to both parties to cease fire. Furiously Robertson replies back “What you don’t respect my sovereign rights to use McNukes against aggressors against my property?”. The DRO replies back, “No it’s not that, the lender to your recently dead slave just sued you for losing his lent money and he holds you responsible for not getting it back as the slave died under your care”.

So they cease fire and Mr. Robertson now goes to the Law™ Inc. local private court. The plaintiff claims 500 Bitcoins. It’s 10 PM, Robertson is very tired, he argues relentlessly, but the case goes nowhere. He asks for a 10 minute pause and a quick chat with the judge. He asks “Your honor, if I pay you 5 Bitcoins from a Bitcoin tumbler so it can’t be traced, will you rule in my favor?”, the judge replies “Oh silly, you don’t have to conceal it, bribery is perfectly legal, besides the lender doesn’t have any money left so he can’t outbid you, so just send me 6 Bitcoins and you won the case!”. Mr Robertson is very tired so he sends 6.5 Bitcoins to the judge as a thanks, and he won the case.
He happily goes back home, at home, his insurance claim has arrived for his dead slave of 100 Bitcoins, so now he is very joyful, looking back at what an exciting day he had, he even ended up profitable at the end of the day, he says to himself: “I just love the free market, I wouldn’t want to live in any other type of society!”
 
DISCLAIMER: I am an Ancap and don't believe that this is how Ancapville would look like in reality, this is just a fictional comedy meant to amuse you and ridicule those that really do believe in this ridiculous way at looking at Libertarian principles, and those that really imagine Anarcho Capitalism to be like this are only trying to discredit the ideology.
submitted by alexander7k to Anarcho_Capitalism [link] [comments]

Why I went from Bits to Butts

About a year and a half ago I learned about Bitcoin just prior to The Great Run Up of April 2013. I was immediately captivated by the idea of making an insane ROI of +500% and let greed cloud my perception from the start. To be fair though, I diligently studied Bitcoin: how it worked from mining to transactions, the economic implications, and the freedom it offered from banks. After a few months of research I was sold. I began to pour the little money that I had saved into it, convinced that in a few months time, my investment of $3,000 would soon hit $10,000+. I was right for all the wrong reasons.
From the beginning, I thought I had stumbled upon the financial equivalent of the Internet in its infancy. This was going to be the greatest decision of my life. Bitcoin offered a system that allowed people to be their own individual bank while making money in the process. I was also convinced that the US Central Bank was devaluing the dollar through inflation and it was my duty to protect myself and my future. In reality, Bitcoin offers no advantages over the traditional banking system, which I will detail below:
Ever since the last run up in price during the month of December, I have become disillusioned by Bitcoin and the incessant promotion over in /Bitcoin. None of the above mentioned flaws are actually good for Bitcoin. Nor is Bitcoin a safe investment if you are looking to store your money. If you want Bitcoin to be a currency it has to be relatively stable during periods of high volume; which is the exact opposite of how it acts. I sold my initial position in Bitcoin and now am sitting on a decent amount because I know that the pyramid scheme will continue for the near future and will look to cash out during the next run up.
To be honest though, I think the technology is quite amazing (especially how it has overcome the double-spend problem) and would not be surprised if future financial instruments or other technologies are based off of the original concept. I do however think that Bitcoin is a pyramid scheme and I am grateful that I have come to this conclusion before it's too late.
submitted by JesusDied to Buttcoin [link] [comments]

A Beginner's guide to the Darknet Markets

Hello Everyone! Today, I'm going to teach you how to access the darknet and how you can help keep yourself anonymous and safe. This guide is going to be UK-centric for the parts that are localised - like buying bitcoins.
Quick Disclaimer: Everything you do on the Darknet is at your own risk. Do your research where you feel you don't have enough information. Be informed and be educated.
Also worth mentioning is specific subreddits, they'll likely have more detailed guides for every step available: /DarkNetMarketsNoobs & /DarkNetMarkets
The most important thing to remember is that how anonymous you are on the darknet is up to you. It can take time and effort to do it properly, but ensuring your privacy and safety is important with things like this.
Okay, so here we go.

Tails - Website

Tails is an operating system that you can install to a memory stick, DVD or SD Card. You restart your computer and choose it as your boot device. Instead of windows, you'll load up on the Tails operating system. It comes with Tor built in and once you shutdown the computer your whole session will be wiped. I personally don't use tails, but it's pretty highly recommended to use it if you can, it provides a whole lot of security.
The real benefit of using Tails is that your session is wiped after you've shutdown, so there's no evidence logged onto your computer at all. So keep in mind, if you use tails, do not store a wallet on it. As soon as you shutdown, your bitcoins would be lost forever.

Tor - Website

Tor is an internet browser that you'll need to use to access the darknet. You use this to access any .onion links. Using Tor means that your internet traffic will be directed through a bunch of randomised nodes to hide your internet traffic. More information on the website.
Note: When you launch Tor, to the left of your address bar there's an 'S' symbol. Click this and disable all scripts. This will turn off Javascript - which is important because there are vulnerabilities within Javascript itself which can render your computer unsafe.

Markets

You should now have either have tails installed to a USB stick ready to boot or Tor installed to your computer. So now you'll need access to a market. I personally can recommend Agora, it's one of the longest standing markets and they've survived a lot of attacks and investigations. It can be pretty tempermental though and suffers from downtime occasionally. The other most used market is BlackBank but I don't have any personal experience with this.
Agora - http://agorahooawayyfoe.onion/registeEJNZoVsMp6
BlackBank - http://wztyb7vlfcw6l4xd.onion

Finding Products

Now it's time for you to find the product you want. In Agora you'll want to make sure that the vendor has a green thumb near their username. This means that you don't need to finalise early. Once you find the product you want, check the vendors profile. Some vendors will want you to finalise early if you have under a certain amount of orders on your account, so you may need to make small orders initially to build reputation. Ideally you also want a vendor with a high rating who has made lots of deals. Someone who is reliable.
So you've found a product you want from a vendor you trust. You now need to place the order. If you've been following along with this guide while you're making your order I want you to read the following four sections before continuing.
For Agora, check the postage of the product too by clicking the "Buy..." button.

Bitcoins

So you know how many bitcoins you're going to need. I get my bitcoins from Bit Bargain for the uk. Register for an account and follow the steps on the website to get your bitcoins. It has a step-by-step guide to follow and it's very easy to do. It'll involve a bank transfer too, so make sure you're prepared for that. It might be worth noting that transferring coins from your own wallet can cost you bitcoins, usually around 0.0001 BTC, so it can be worth it to get a tiny amount extra than needed. This also helps to account for any variation in the value of bitcoin in the time it takes for you to buy the coins and get them to your Agora wallet.
Once you've got your coins transfer them to your own personal wallet. You can transfer them directly to your darknet wallet also. The recommended wallet to use at the moment is Electrum. Make sure you get your bitcoins out otherwise bitbargain will tax you 1% every week.

Tumbling

I don't personally follow this step but I feel it should be in everyone's interest to know about it. Tumbling your coins will also cost you a fee depending on which tumbling service you decide to use.
The way this works is that bitcoins use a blockchain so that you can track where it's been throughout its existence. So the idea is that if a vendor has their coins seized they can track the transactions back to you through the blockchain. In practice, the chances of this happening are minimal and tumbling coins is ultimately not necessary. It can't be proved that you sent that money to them for anything illicit anyway. But if you want to practice that extra bit of safety - and I encourage everyone to be as safe as possible - then you can look at something like Helix as a tumbler. You can investigate the darknet subreddits for other recommendations too, as I do not know a lot about tumbling personally.

Encryption

This is the most important step here. So, you've got bitcoins and transferred them to your chosen market's wallet. Go back to the vendor profile and check for a PGP key. This is their public key and you're going to use this to encrypt your address so only that vendor can read it.
This is a great and detailed guide I'd recommend you follow. It covers everything you need to know.
So import the vendors key, type out your name and address in full, including country if the source is from abroad. Use your real name and address. It may seem scary, but I assure you that your postman is more likely to be suspicious that you're suddenly receiving a lot of packages for John Smith, who only seems to have recently moved in to your place.
Encrypt your address with the vendors key and save it to your clipboard.

Making The Order

Okay, you've got the bitcoins in your wallet and you've encrypted your address with your vendors PGP key. Click "Buy..." then paste your encrypted message into the box and press "Confirm" for your order. You'll need to make sure you've got all the funds in your wallet. This will take you to a finalisation page. DO NOT FINALISE until your product arrives. Don't ever finalise before you receive your product.
The finalisation page for each order can be accessed via the "Orders" tab on Agora. This is where the vendor will update the status and send you messages if necessary.
The order will auto-finalise after 14 days, releasing the money to the vendor. Make sure that if your product hasn't turned up by then you log in to Agora and send a message to the vendor explaining that it hasn't turned up to extend the auto-finalise time. It could be that you can resolve the problems with the vendor directly.
As soon as your product arrives though, log in and finalise your order. Bitcoins are a volatile currency and the vendors should be paid for their service, so release the funds to them when you've got what you ordered.

No Order?

If your order doesn't turn up - don't panic. In the UK, controlled deliveries seem to be entirely uncommon. In all chances, the order may have just been confiscated or lost in the post. I'd recommend that if an order never turns up though that you not order to that address again. It could be flagged, it could be ignored, but I don't really know and it's your choice.
If you do receive a letter from the post office or any other agency, then you should definitely not use that address.
On the entirely slim chance you ever do get a visit from the police - you have no knowledge of that package and you should always lawyer up if it ever goes further. Use your Miranda Rights and keep quiet. It's not as prevalent here in the UK I don't think, but you should always protect yourself. To be honest there doesn't seem to be much record in the dark net subreddits about police incidence in the UK though.

Other Tips

Make your Dark Net Identity separate from your other Identities. Don't reuse online personas you use to comment on reddit or any other service. Pick two random words in the dictionary and throw in some random numbers if you want. Your darknet name should be unique and unidentifiable. The only way in which your dark net identity should be linked to you is when you send a vendor your address and name. And even then a vendor should not be storing this information. If you get the sense a vendor is storing your data in any way, then try to avoid that vendor if you can.
Don't leave leftover coins in your market wallet. I say this as someone that lost a tiny amount of coins on the Evo exit scam and a slightly larger sum during the Silk Road raid. It's always a good idea to have control over your own coins. I'd probably password protect your wallet too.
Domestic orders are always safer. If a delivery doesn't have to come through customs then it's always going to be less likely to be detected. Then again, Canada has some crazy green prices. Personal choice.
For Mac users I'd recommend Tails even more highly than before because I really do not have any experience with Mac. If however you don't want to use it, there's a guide on DarkNetMarketsNoobs
Always check vendor reviews for mentions of poor stealth. This means that the vendor is not hiding what they're sending you in the post. Obviously this increases your risk of being caught, which is bad. So a vendor who has a reputation for good stealth is recommended. Oh, and don't ever discuss the actual mechanics of the stealthing methods in a public forum. It should remain secret.
You can use www.dnstats.net to check the availability of darknet sites. You can use this to find tumblers, markets and whatever else you might want for the darknet. It will also show you the uptimes of the websites so you can work out reliability for yourselves.
20/04/2015 - LSD from the Netherlands I haven't seen anything mentioned super recently, but it seemed like earlier in the month a lot of LSD orders out of the netherlands have been confiscated. I don't know if it's still going on but keeping an eye on the dark net subreddits should keep you informed.

End

And that's it - you should know everything you need to know to order from the darknet. If you have any questions or comments about the guide, leave a comment or message me and I'll try to update it.

Glossary

FE - Finalise Early
LE - Law Enforcement
PGP - Pretty Good Protection, you should use this to send messages to vendors.
Bitcoins - A digital currency
Darknet - Websites ending with .onion domain name.
submitted by Will_learn_for_food to SotonTrees [link] [comments]

[Podcast] Federal Prosecutor Kathryn Haun On How Criminals Use Bitcoin -- And How She Catches Them

http://www.forbes.com/podcasts/unchained/#3e067f03389e
Direct link didn't work for me, it's

Episode 12 | NOV 1, 2016 | 44:00

Kathryn Haun put away the DEA and Secret Service agents who tried to make off with more than $800,000 in stolen bitcoin while investigating the darknet Silk Road marketplace. She talks about how the blockchain technology underlying Bitcoin made it possible to uncover their theft, why she believes blockchain will create a lot of good, and what she does when the very people behind tumblers and mixers -- technology that makes her work more difficult -- turn to her when they are the victims of crimes. Along the way, we learn about the habits of cryptocurrency criminals and get a fascinating view into the world of "breeder documents."
I just discovered this podcast and listened to this episode in the car. Monero isn't mentioned, but ZCash is, which doesn't matter because it's exchangeable in this case. They just treat it as an untraceable, private currency from a prosecutor's perspective. (You could even say they were talking about Monenro but calling it ZCash, but I don't want this post to be about whether ZCash is a scam or not). They also mention tumbling services and how they've gotten better, and there are some really nice insights into what's possible with blockchain / digital tracing. For instance, in the case of the stolen bitcoin by two agents, they were first treating this as one case. Because one of them was obfuscating his transactions by transferring funds between wallets and using Tor (Secret Service guy), the other one was more or less just cashing out directly.
The last third is about other blockchain related crimes and technology, like having birth certificates in a blockchain to make them more secure. It is 44 minutes long, so maybe it's more like something for your morning commute instead of listening to it now, but it's really worth it!
Edit: Wording, grammar, typos
submitted by amiuhle to Monero [link] [comments]

Did anyone else with bitcoins deposited shortly before the shutdown notice they were transferred directly into the "seized coins" wallet?

I'm sure quite a few of us made Bitcoin deposits in the 2-3 days leading up to Silk Road's closure. Did anyone else notice coins sent to your receiving address that were transferred directly from there to the now-known "FBI stolen coins wallet"?
This happened to me. It is safe to assume they'd do this for coins received shortly before or after the site was closed. But I transferred coins on Monday 9/30, and they simply sat at that address until 10/02 when they shut down SR. That was two days prior to SR's closure. The coin balance successfully showed in my account, and functioned to make withdrawals and purchases.
Could it have been that they quietly disabled the coin tumbling system prior to SR's closure or broke it somehow? Has SR ever been known to disable the tumbler and let BTC sit stagnant at the transfer address, like if the tumbler had problems?
To check: enter your old SR receiving address at blockchain.info, and see where the coins were transferred. Did it go through at least a few transfers and get split up? That's the tumbler. Or did it go to a wallet labeled as "Silkroad Seized Coins", address 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX?
I saw no posts on here about this, so I'm not sure if it's me, or this happened to a lot of deposits. But I am far from the only one who made deposits on Monday or Tuesday. I am curious to see if it happened to others.
submitted by bitcointakesatumble to SilkRoad [link] [comments]

Bad news double whammy. 96,000BTC stolen (0.8% of all existing BTC) and a grassroots blacklist developing in response.

The bad news: Sheep Market, which seemed to have been settled upon as the alternative for Silk Road, closes down after someone steals almost a hundred million dollars. Countless shady motherfuckers screwed.
The worse (?) news: some of the victims are following the thief through the blockchain, noting and marking his addresses, and watching where the money flows. You can hardly blame them, but they are effectively creating a blacklist. And it will work - this is solid evidence to take to the exchanges that A) they shouldn't deal with the sullied addresses because they are handling stolen drug money (and we know how uptight the exchanges are about KYC and what have you) and B) if the thief DOES somehow manage to sell coins on a non-shady exchange, the exchange is (I expect?) opening themselves up to compensation claims for dealing in someone else's stolen property.
So, two effects:
1) Almost 1% of all existing coins have just been destroyed. The rest are now just that much more valuable (hooray?)
2) The exchanges are actually put in a situation where they can receive one of these coins, and have to weigh "coin neutrality" and unimpeded fungibility against covering their own asses from civil liability and possibly criminal money laundering charges. Which do you think they will choose? So forget CoInvalidation, as of today we have an effective blacklist.
This now means: 1BTC =/= 1BTC. Sure, most of us won't have a blacklisted coin, at least not at first - but I can't imagine the market is going to react positively to the fact that now fungibility comes with an asterix after it. Zerocoin can't get here fast enough!
submitted by njtrafficsignshopper to Bitcoin [link] [comments]

Which site helps me view the source of my bitcoins?

I have an address with few bitcoins inside it, that I received from multiple sources.
Which site helps me visualize the source of my bitcoins.
I know it's not possible to know the source owners of all incoming transactions, but there are few who are known (mtgox, silk road, bitstamp...)
PS: I did not use any tumbler for my address.
submitted by CoinTrade to Bitcoin [link] [comments]

An important reminder about The Silk Road/TOR.

DPUllbrecht was not arrested by the FBI because he was using TOR. He was arrested as a result of making some mistakes with Gmail addresses and using his real name on Google+.
I'm not from /NetSec admittedly, but from what I've been able to figure out, TOR is still safe for use. The complaint document concerning Ullbrecht's case, mentions that the FBI are finding the security associated with BitCoin and the tumblers etc, to be extremely frustrating. So no worries there.
The reason why I have made this post, is because I know that there will probably be a lot of panic from the Silk Road bust, and people might start thinking that BTC and TOR are both now unreliable. That is likely exactly what the American government will want you to think; but it is not true.
These applications are thus still perfectly good; and again, Silk Road was not busted because of them, but because its' admin was careless. So please do not be scared away from them.
submitted by petrus4 to worldpolitics [link] [comments]

"'Silk Road', the virtual drug marketplace: A single case study of user experiences", Van Hout & Bingham 2013

"'Silk Road', the virtual drug marketplace: A single case study of user experiences", Van Hout & Bingham 2013; abstract:
Background: The online promotion of ‘drug shopping’ and user information networks is of increasing public health and law enforcement concern. An online drug marketplace called ‘Silk Road’ has been operating on the ‘Deep Web’ since February 2011 and was designed to revolutionise contemporary drug consumerism.
Methods: A single case study approach explored a ‘Silk Road’ user’s motives for online drug purchasing, experiences of accessing and using the website, drug information sourcing, decision making and purchasing, outcomes and settings for use, and perspectives around security. The participant was recruited following a lengthy relationship building phase on the ‘Silk Road’ chat forum.
Results: The male participant described his motives, experiences of purchasing processes and drugs used from ‘Silk Road’. Consumer experiences on ‘Silk Road’ were described as ‘euphoric’ due to the wide choice of drugs available, relatively easy once navigating the Tor Browser (encryption software) and using ‘Bitcoins’ for transactions, and perceived as safer than negotiating illicit drug markets. Online researching of drug outcomes, particularly for new psychoactive substances was reported. Relationships between vendors and consumers were described as based on cyber levels of trust and professionalism, and supported by ‘stealth modes’, user feedback and resolution modes. The reality of his drug use was described as covert and solitary with psychonautic characteristics, which contrasted with his membership, participation and feelings of safety within the ‘Silk Road’ community.
Conclusion: ‘Silk Road’ as online drug marketplace presents an interesting displacement away from ‘traditional’ online and street sources of drug supply. Member support and harm reduction ethos within this virtual community maximises consumer decision-making and positive drug experiences, and minimises potential harms and consumer perceived risks. Future research is necessary to explore experiences and backgrounds of other users.
Quotes:
We originally intended to undertake a qualitative study using interviews with ‘Silk Road’ members. Ethical approval for the case study was granted by the School of Health Sciences, Waterford Institute of Technology, Ireland. Following a period of two months site navigation on ‘Silk Road’ and active participation in the Silk Road’ forums, we requested permission from the website administrator to undertake research on its member experiences and to upload information and recruitment threads in the forums. Following best practice protocols recommended in the literature (Barratt & Lenton, 2010; Mendelson, 2007; Murguía & Tackett-Gibson, 2007; Sixsmith, Boneham, & Goldring, 2003), we invited members to partake in the research via a message board recruitment thread. Recruitment of site users was hampered by negative and suspicious reactions by forum participants. Information-oriented sampling (Flyvbjerg, 2006) guided recruitment efforts, with an active ‘Silk Road’ member agreeing to be interviewed, following a lengthy relationship building phase with Author 2 on the ‘Silk Road’ chat forum.
...The case was provided with information outlining the research aims, and was informed that his experiences would be documented and subsequently available in the public domain as journal paper. He was advised of the permission to withdraw if desired. Informed verbal consent was received prior to commencement of the recorded interview. Complete anonymity was ensured as the case and Author 2 used online pseudonyms, with the interview conducted via visually deactivated ‘Skype’. No names or personal identifiers were requested, and the participant was advised not to verbalise any potentially identifying names, places or otherwise. The interview was conducted in an open-ended, unordered ‘conversational’ style and lasted 70 min.
The interview was transcribed and read and reread several times by both researchers. The interview data set contained rich series of narratives, which built on the single case study plot in the form of a ‘hero’s journey’ within a sequence of events leading to accessing ‘Silk Road’, subsequent interaction with the site, and experiences of drugs purchased (Flyvbjerg, 2011). We recognise that the analysis of narratives in this single case study runs the risk of committing so called ‘narrative fallacy’, by virtue of over simplification of data and researcher’s preconceived notions (Flyvbjerg, 2011).
...Comments were made around perceived buyer safety from legal detection by using ‘Silk Road’ and ‘BRC’ and the limitation of risks associated with interaction with street dealers.
‘The main reason for buying from the sites was because I felt there was a safety factor from the law, I have never really had any trouble with the police or the judicial system as a whole and I have always wanted to limit any risk. I saw it as a safer way of sourcing’.
Perceived safety and intention to use these sites for drug sourcing appeared to hinge on the case’s own capacity to research and survey online user feedback on available channels of cyber drug retailing, and levels of trusting social media connections between users. He described exercising caution and observed that (in general) amongst the ‘recognisable’ experienced drug user reports, a host of relevant and useful information on drug retail sites and drug products was evident. The participant recognised that despite undertaking extensive online researching, products received were untested, and therefore potentially harmful. He commented on the role of the site moderators in discouraging potentially harmful dissemination of information.
‘When I was reviewing the sites, I didn’t look at specific people, I looked at the big picture, if there were ten people saying this site was good and two people saying that it was bad, the chances are, it was a good site, you have to be careful at the same time, what one person experiences isn’t necessarily what someone else is going to experience.’
Once deciding to use ‘Silk Road’, the participant used ‘Google’ and existing drug forums on ‘Erowid’ 2 and ‘Bluelight’3 to discover how to access the site.
‘On the open internet you have the details of what the ‘Silk Road’ is, they have a link to the Tor browser and they even include it on Wikipedia, the link to the Silk Road as it is at the moment, it is even easier now. . .when I joined the link wasn’t available. There is potential for lots more people to look’.
You're welcome for that Wikipedia bit, by the way; I had to fight some other editors hard to keep it in the article.
The participant reported a euphoric ‘joyful’ experience once on ‘Silk Road’. A wide variety of drug product hostings were visible particularly for new psychoactive substances and drugs not easily sourced within his locality.
‘I got on there and I was blown away by it really, it really kicked me for six. There were things on there that I had wanted to try for a long time, but have never had either the contacts or the desire to go and source from the street’.
...He reported that all of his ‘Silk Road’ transactions arrived safely, despite some reports of this not occurring for his virtual friends. Product packaging was described as very professional using bubble wrap envelopes or multiple sheets of paper, with warning labels and user guides absent.
“I sit at home and wait for the postman to turn up and say good morning to him and shake his hand and thank him for bringing the post to me. I had a lovely experience when I purchased some LSD off a German chap, he actually sent me a Christmas card with a message in there, the LSD was hidden behind one of the glued pieces on the card, I actually had to contact him to thank him for the Christmas card, and ask where is the LSD, he told me to look harder in the card, then I found what I was looking for. . . Some of the packaging is incredible so not to draw the attention of the postal service or customs.’
...The individual appeared act as drug connoisseur by virtue of conducting extensive online and ‘Silk Road’ research on product testimonials and resolution centre outcomes, developing trusted social media connections between chosen vendors and other users, prior to selecting both a product and sourcing route. ‘Silk Road’ by way of its hidden location on the ‘Deep Web’, its use of ‘Tor’ encryption software, ‘Bitcoins’ and tumbler systems, and its capacity to create networks of drug vendors with private consumer bases appears embedded within a growing cyber culture of anonymous drug consumerism. Barratt (2012, p. 683) commented that ‘trust in sellers is built on reputation’, with vendors reporting preference for selling through this website rather than street due to its increased market reach across the globe, and ability to reduce the risk of street violence. Similar to Christin (2012), interest is the illustration of reciprocal reviewing undertaken by vendors in the event of potential transactioning, and the subsequent transferal onto ‘stealth mode’ which allows them to operate their business by invitation only, once a quota of trusted buyers is reached.
(The overuse of italic and quote marks is amusing.)
submitted by gwern to SilkRoad [link] [comments]

Corrupt agent who investigated Silk Road is suspected of another $700k heist

This is an automatic summary, original reduced by 75%.
Newly unsealed court documents have revealed that one of the corrupt federal agents investigating Silk Road, the online drug marketplace, is suspected of stealing hundreds of thousands of dollars worth of bitcoin-after he pleaded guilty last year.
Shaun Bridges is one of two agents who pled guilty to stealing from the Darknet market.
Bridges stole about $800,000 worth of bitcoins from Silk Road drug dealers after he and a partner arrested a Silk Road admin and learned how to reset passwords.
Later, some of the account owners "Disputed the legality of the warrant," according to an affidavit signed by by IRS Special Agent Tigran Gambaryan, who headed up the Northern California-based investigation of Bridges' crimes.
When he was a federal agent, Bridges was a specialist in tumbler and the user of Tor.
Bridges, who sought to have the name change sealed from the public record, neglected to mention that he had been arrested and was scheduled to plead guilty to money-laundering charges.
Summary Source | FAQ | Theory | Feedback | Top five keywords: Bridges#1 agent#2 arrest#3 Bitcoin#4 access#5
Post found in /Bitcoin, /worldnews, /Anarcho_Capitalism, /news, /bitcoin_uncensored, /btc, /Bad_Cop_No_Donut, /BitcoinAll, /news_etc, /Newsbeard and /Technology_.
NOTICE: This thread is for discussing the submission topic only. Do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

A "Load Balancer" on a "Mixing System". Lets think about that for a moment

"Tumbler we never asked for" is such an emotive phrase, post Sheepmarketplace. I prefer "mixer we never asked for".
If you tumble bitcoin, they have to travel a pre-determined route through a bunch of wallets.
how do you split this up across more than one server?
Bitcoin mining involves solving a very difficult calculation to win the mining contract, to create the next blockin the chain.
However, the creation of the block itself could be done by the slowest of laptops - that's updating the balances of the world's bitcoin wallets, and all the maths involved, for 10 minutes or so.
Updating the wallets of a simple mixer used by Silk Road could be done by the same underpowered halfwit laptop.
To imply that two blade servers with a load balancer is required is clearly nonsense. Silk Road admin staff are telling lies to us. However, this doesn't necessarily mean we are being robbed.
Can anyone think why they'd tell us this, when our withdrawals are not showing on the blockchain?
submitted by sheeproadreloaded2 to SilkRoad [link] [comments]

Help with blockchain

So, I had BC in my wallet and this is the first time I am sending to sr. I copied the address and used the share send feature, double checked and everything was good to go. After the transaction I went to the "my transactions" tab and under the "To/From" a different address is listed than the one from SR. Is it because of the shared send? I am freaking out a little especially because the status says "Unconfirmed Transaction"(I know I have to wait this out), but I just want to make sure that the address part is not an issue. Any help is appreciated.
EDIT - Re-read the FAQ and I am a fucking idiot because this is already answered there.
I deposited Bitcoins to my SR account, but blockchain.info shows them being sent elsewhere! What gives? SilkRoad has a built-in Bitcoin tumbler to disguise the destination of deposited Coins. Once this process is complete, your account balance should reflect the deposit.
submitted by alittlehelps to SilkRoad [link] [comments]

Hunt for BitCoin & Silk Road Users YouTube Bitcoin & the Silk Road Connection - Joe Rogan Experience Silk Road Trailer U.S. Auctions $18M of Seized Silk Road Bitcoins

Looking at the current price of Bitcoin, the value of Bitcoins that Silbert buys exceeds $ 570 million. Another name that aspired to the seized Bitcoins of Ross Ulbricht was American entrepreneur and investor Tim Cook Draper. After veteran entrepreneur Barry Silbert, he bought 30,000 Bitcoins in an auction he attended. Draper paid a total of $ 29 million for these Bitcoins in the auction ... I withdrew 0.05 bitcoin from coinbase yesterday evening and sent it to one of the deposit addresses given to me by SR. I have looked up the address on blockchain and it has 88 confirmations. So I imagine my bitcoin should be in my wallet by now, but alas, it isn't. It's no longer in my coinbase wallet or on my SR wallet. Silk Road was using Bitcoin currency for its transactions, before it was closed down by the US government. The website requests a username and a password in order to have access to its hidden online marketplace. In order to get to the new Silk Road URL you need to use a Tor browser. It is not going to work with your normal browser. You also should use a proxy or a VPN service to keep your ... Bitcoin gained a great deal of importance and attention when a web page called The Silk Road, that was shut down for illegality in 2013, initially showed up. This is a long long time ago. No web page is started or is inherently illegal, its services and what it offers may be though. The dark web, is often used to gain banned extreme porn, prostitution, drugs and hit-men. It sounds crazy but ... Although darknet activity comprises only a minuscule fraction of Bitcoin volume in 2018, back when Silk Road rose to prominence, it has been speculated that a large amount of Bitcoin’s price rise and adoption was driven by illicit trading there. Indeed, the collapse of Bitcoin’s price in late 2013 coincided with the shutdown of Silk Road.

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Hunt for BitCoin & Silk Road Users

Please Subscribe to My YouTube Channel Hunt for BitCoin & Silk Road Users http://rt.com/news/silk-road-bitcoins-us-britain-934/ http://www.peacefreedomprospe... Bitcoin & the Silk Road Connection - Joe Rogan Experience facepalmsociety4. Loading... Unsubscribe from facepalmsociety4? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 10 ... U.S. Marshals are auctioning off 18 million dollars worth of Bitcoins, which they acquired during the seizure of Silk Road's assets. What gives the U.S. gove... Following critically acclaimed performances at the Vaults and making history in 2014 as the first show ever funded by the crypto currency, Bitcoin, Silk Road stars Josh Barrow and is directed by ... This video is unavailable. Watch Queue Queue. Watch Queue Queue

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