The History of Silk Road: A Tale of Drugs, Extortion & Bitcoin

$1B bitcoins on the move: MtGox vs SilkRoad origin and BTC price impact discussed

$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.
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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:
  1. a SilkRoad user or DPRs wallet per this post: https://bitcointalk.org/index.php?topic=310600.0
  2. a MtGox cold wallet that has been seized or is still owned by MtGox: in fact the wallet funds moved in March 2014 right after MtGox filed for bankruptcy one month earlier in February 2014; these movements dates are really similar to the 200,000 lost coins "found" by Karpeles which moved March 7th, 2014 (1dda0f8827518ce4d1d824bf7600f75ec7e199774a090a947c58a65ab63552e3), just 2 days before the movements on the wallet we are talking about here.
  3. a whale wallet since the major part of the 111,111 coins are coming from a very old deposit of 37,421 coins processed on June 21st, 2011 making this an early adopter's wallet (70d46f768b73e50440e41977eb13ab25826137a8d34486958c7d55c5931c6081)

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.
(update) Here is a link provided by u/jesquit: https://www.reddit.com/btc/comments/9cj208/bitcoin_surge_expected_as_100m_tether_goes_to
  • 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.
(update) Here is the actual BTC transaction: https://www.blocktrail.com/BTC/tx/f2465a1225531d33696380f06034499a52d707f85ee6ae1419885980011f6e25 ,
with its Bitfinex inputs:
1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g (3,000)
1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g (2,000)
1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g (2,000)
1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g (1,029.98)
and output to Bitmex:
3BMEXqGpG4FxBA1KWhRFufXfSTRgzfDBhJ (10,000).

Was this deal prepared or was the buyer a bitcoin angel?

--
In the light of September 6th price crash, do you think the $100M transferred to the exchanges caused it?

https://preview.redd.it/npazsakt1uk11.png?width=2277&format=png&auto=webp&s=1806829761fb30619b4796961b9616875f1ca602
submitted by sick_silk to btc [link] [comments]

[Everyone] We now have several forms of unbannable private property. Is the far left ideologically dead?

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? The capitalist definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). Be be sure to check the date this was published(1900).
So now let's go one by one and use technology to see if private property is bannable

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead.

In conclusion

submitted by CommunismDoesntWork to CapitalismVSocialism [link] [comments]

Bitcoin, dogecoin. How I tried to make my fortune in 2014 with the sweat of my computer.

Bitcoin, dogecoin. How I tried to make my fortune in 2014 with the sweat of my computer.

https://preview.redd.it/mv21lvsa3do31.jpg?width=1280&format=pjpg&auto=webp&s=51bf5296a06eedc178079cf0b3ab4c3cfc44f271
Make money just by working on your computer: the rise of electronic currencies, in the wake of bitcoin, can be a little dream, especially in times of crisis. We tried the experiment. Wealth at your fingertips? Not for everybody.
Reading time: 6 min.
We have known at least since March 2013, with the soaring Bitcoin (BTC) price during the closing of Cypriot banks: electronic currencies, it has not much virtual. Since the creation of the enigmatic Satoshi Nakamoto serves as a safe haven, a playground for speculators, interests the States and even makes it possible to pay for his trip to the space where his beer, bigger world would dare to pretend that it only serves to buy prohibited substances on SilkRoad - if it ever was.
At the end of November, James Howells was mocked a lot, this Brit, caught in a household frenzy, inadvertently threw a hard disk containing 7,500 bitcoins, the equivalent of 4.8 million euros. A small fortune now lost in the depths of the Docksway dump near Newport. Nevertheless, before causing the consternation of the global Internet, Jamie still had the nose to undermine the BTC at a time when the experience mobilized a handful of hardcore geeks.
Since the rise (sawtooth) bitcoin, each unit currently weighs more than 800 dollars, nearly thirty cryptocurrencies have emerged. Is it possible, this year again, to let this promising, volatile and risky train pass, or to fall into
  1. Choose your electronic motto.
  2. All are based on the same principle: to summarize (very) big features [1], the issuance of money is governed by an algorithm, and the new corners put in circulation reward the resolution, by participants in a network of peer and mathematical problems, including the validation and archiving of transactions, which are public [2]. Mining a cryptocurrency is like putting the computing power of your computer in the service of the network.
  3. Since the program is decreasing [3], the mining becomes more and more difficult with time (and with the increase of the number of participants): to hope to make his pelote via the only computational activity, one must either have to at its disposal a large fleet of machines, to be a miner from the first hour. Exit the bitcoin, long since out of the reach of a personal computer.
  4. I similarly gave up the litecoin and peercoin, already well launched (they date respectively 2011 and 2012), to set my heart on one of the most recent currencies - and certainly the hippest of the moment: the dogecoin.
  5. As its name suggests, the cryptocurrency favorite Shiba Inus from around the world is a tribute to the Doge, one of the most famous memes of 2013, with its captions in Comic Sans, the font most sorry for the web. A geek joke, therefore, except that - the unfathomable mysteries of the Internet - its value jumped 900% in the third week of December, and she suffered a Christmas robbery online.
  6. Admittedly, at the time when these lines are written, the dogecoin caps at 0.00023 dollars [4] - its quite ridiculous (and quite depressing), but even if you bet on the future, so much to go frankly.
  7. 2. The hands in the engine the billboard.
  8. From there, things get tough (a little). Installing an electronic purse on ones computer is not very complicated (the software is available for Windows, MacOS, Android or, for the more adventurous, on a repository to compile under Linux). It is also possible to use an online wallet, but it is more risky (except, perhaps, when one is called James Howells). When opened for the first time, the purse automatically synchronizes with the Dogecoin network (be careful, it can be long), which gives you a payment address (we can generate more later).
  9. The two most common ways to undermine electronic money are to use the computing power of the computers microprocessor (CPU) or, more efficiently, that of the graphics card processor (GPU). In the first case, the program is simple to install; in the second, it is necessary to choose the most adapted to its material [5]. There are, thankfully, a lot of online tutorials. Still, to operate the corner board requires in all cases to trade the comfort of the GUI for aridity, so confusing to the layman, command lines - we have nothing for nothing.
  10. Finally, at work alone, we prefer collaboration. Mining is best done in groups, or rather in pool: it distributes the gains, of course, but also the difficulty. For the dogecoin as for all the crypto-currencies, the pools are numerous. A quick tour of a dedicated section of the Reddit community site can help you make your choice.
  11. 3. Extension of the field of struggle.
  12. And after? After, we can rest, since it is the machine that works. But the truth of a cryptocurrency - even at the exceptionally high LOL and LOL rates of the Shiba Inu - is cruel and brutal: not all computers are equal. Or rather, some are more equal than others. For while you heat your CPU or your graphics card to grapple some unfortunate corners, others will sweep the game thanks to specialized integrated circuits, computing capabilities much higher.
  13. If the game of buying and reselling corners is basically just another stock exchange mechanism, less the intervention of the central banks - what is at stake, and the big political question they ask: are we certain to prefer speculation pure and perfect to monetary policies, however questionable they may be? -, production, it is the law of the strongest (in calculation). There are even lethal weapons at $ 10,000 each, with which your processors are like mosquitoes in front of an A bomb.
  14. And if you think it does not matter because after all, it does not cost you anything, think again: the components, like humans, wear out faster when they work at full speed, and the bill of electricity can quickly grow. The profitability of the case is anything but certain, as evidenced by the results of online calculators. (Needless to say, our laughing dogecoin does not stand up to this kind of simulation.)
  15. Much more boring, from a collective point of view: the carbon footprint, current and above all expected, of electronic currencies worries more and more. Last spring, Bloomberg estimated that the energy consumption of the Bitcoin network was equivalent to that of 31,000 US households. Not sure, according to the site, that their emission is less damaging to the environment than have been some physical currencies.
  16. For exciting to analyze that is the emergence of cryptocurrencies, it is better to ask now about their cost, economic and ecological. To see it as a potential source of income, except for being a very early adopter with a hollow nose, an individual with a lot of computational capital or a clever trader, you have to make a point.
  17. If the recurrent comparison with the famous Ponzi pyramid [6] is discussed (after all, the decentralized currencies do not make promises), remains that, as long as the value does not collapse, the system benefits mainly to the first entrants - except James Howells.
  18. As the Bitcoin.fr site aptly states: all this is just an experiment, invest only the time and money you can afford to lose. LOLs love was not a worse reason than another to experiment, so I finally submitted my laptop to four days and three nights of intense activity, which makes me happy. owner of a good half a thousand dogecoins. Either the equivalent of 0.115 dollar, or 0.08 euro. It is obviously not worth the electricity consumed to generate them, it increases my carbon footprint, but it amuses my entourage. But laughter is, as everyone knows, a safe bet in times of crisis, less volatile than a real bitcoin.
  19. And then, after all, you never know.
  20. Amaelle Guiton.
  21. 1. For explanations more provided (the case is quite complex), refer, for example, to the series of very detailed notes devoted to blogger Turblog.
  22. 2. And as such, searchable by everyone. It is the identity of the users that is not known, unless they reveal it, hence the reputation of anonymity (relative, therefore) cryptocurrencies.
  23. 3. In the case of bitcoin, the maximum of 21 million units should be reached around 2140.
  24. 4. For a day-to-day follow-up, see the CoinMarketCap site which lists the exchange rates of crypto-currencies, based on the dollar value of bitcoin.
  25. 5. We discover then, unfortunately, that some graphics cards do not allow the mining. This is the case for the author of these lines, reduced to working in conditions of extreme computer deprivation.
  26. 6. Comparison which is at the heart of a hilarious note on the ponzicoin, signed by the economic journalist Matthew OBrien, on The Atlantic (to read if you intend seriously to invest in the dogecoin).
submitted by Mejbah411 to u/Mejbah411 [link] [comments]

[Effort Post] The far left is dead, and cryptography killed it

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? Our definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's irrelevant definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). When debating these fools, send them to this article, and be sure to tell them to check the date it was published(1900).
So now let's go one by one and use technology to destroy the far left's horrific hopes and dreams.

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead. Good riddens.

In conclusion

If you like this post and want to explore this topic further, feel free to sub and post to /AnarchoCryptography. It's a crypto-anarchist sub specifically for ancaps.
submitted by CommunismDoesntWork to GoldandBlack [link] [comments]

Don't reply to letters from psychics

$1500. Well, that was a good day.
Only a few weeks ago I thought I had it all figured out. Scam I have been running for a while was brining me income sufficient to live comfortably in my part of the world, at the negligible risk of getting caught. If my country had a functioning justice system, there probably would also be a better job for me than scamming old Americans of their retirement money.
Now I'm sitting at a gas station just outside the town, scared to death with my heart pounding and covered in cold sweat. I'll finish my coffee, fill up my car and drive as far from my previous life as possible. The coffee is still too hot to drink, so I have the time to write down what happened to me.
Like in a good rags to riches story, I started with almost nothing. One bitcoin I had was worth next to nothing when I got it, but recently it shot up in value and I wondered what to spend it on. Neither guns nor drugs were my thing, so instead of visiting the Silkroad, on some obscure forum I bought a database with personal details of ~1 million Americans. It did not contain any "sensitive" information like SSNs or credit card numbers, but believe me, in right hands any information about you can be weaponized.
To weaponize it, I became Magnus Boquet, a monk endowed with psychic powers.
For starters, I queried the database for older people, about which more details were available. Pet names, dates of spouse death, interesting vacation destinations and such were sufficient to make someone a mark. ~10k of them also had address information associated, and they were exactly the ones I was looking for.
The rest of the money I got from selling the bitcoin went towards renting post boxes and sending letters from me, the pious Magnus Boquet, to your lovely Grandma and Grandpa. I did not even go into trouble of paying someone with better command of English to write them: I was looking for idiots, and for them it did not matter.
The letters contained a short description of my mission to use my psychic powers to help other people, and the personal detail from the database to make it more believable. Importantly, instead of requesting money, I only asked of what assistance can I be. Those who responded were in for a ride.
I did not get many return letters, but I knew that there were gullible people on other side worthy of my efforts in helping them part with their money. If someone worried about their finances, I predicted a great opportunity ahead, and thanks to my prayers they got a letter from "professional investment advisor", promising to reveal the future of the stock market for a mere $100. Those suffering from poor health, due to my blessings, were getting offers of "oil treatments" for just $150.
And so grew my little startup, improving my life one senior at a time.
The good times lasted until I got a different kind of letter. The message, sent to one of my post boxes, was itself claiming to be from a psychic.
At first I laughed. Someone was wasting their time to scam another scammer! Actually, it was an opportunity to learn what my local "competition" was doing, so I replied pretending to believe that bullshit. It asked me to attach some of my hair to the response, and so I did, but it came from the places not normally basking in the sunlight.
The chain of letters continued. Some mentioned details I did not recall putting anywhere online, but maybe the people on the other side had access to a dump of government records from my country. If our IT infrastructure was as shitty as physical infrastructure, it would probably only take a modestly smart teenager to hack it.
The last letter from the psychic is lying on the rear seat of my car, among the things I hastily grabbed while leaving my apartment. The content of the envelope terrified me so much that I had to run.
The last message was a recent photo of me exiting my apartment. On the back of the photo somebody angrily scrawled my real address and a single word - "hyena".
submitted by woods_are_evil to nosleep [link] [comments]

Thanks to cryptographically enforced private property, anarcho-capitalism is already here

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property. And any ideology predicated on the idea that private property will disappear if the government does as well is dead.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property that doesn't need a government to enforce. What is private property? Our definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's irrelevant definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). Be sure to tell them to check the date it was published(1900).
So now let's go one by one and use technology to destroy the far left's horrific hopes and dreams.

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead. Good riddens.

In conclusion

submitted by CommunismDoesntWork to CapitalismVSocialism [link] [comments]

[Effort Post] The far left is dead, and cryptography killed it

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? Our definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's irrelevant definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). When debating these fools, send them to this article, and be sure to tell them to check the date it was published(1900).
So now let's go one by one and use technology to destroy the far left's horrific hopes and dreams.

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead. Good riddens.

In conclusion

If you like this post and want to explore this topic further, feel free to sub and post to /AnarchoCryptography. It's a crypto-anarchist sub specifically for ancaps.
submitted by CommunismDoesntWork to Anarcho_Capitalism [link] [comments]

[Effort Post] The far left is dead, and cryptography killed it

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? Our definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's irrelevant definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). When debating these fools, send them to this article, and be sure to tell them to check the date it was published(1900).
So now let's go one by one and use technology to destroy the far left's horrific hopes and dreams.

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead. Good riddens.

In conclusion

If you like this post and want to explore this topic further, feel free to sub and post to /AnarchoCryptography. It's a crypto-anarchist sub specifically for ancaps.
submitted by CommunismDoesntWork to Agorism [link] [comments]

[Effort Post] The far left is dead, and cryptography killed it

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? Our definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's irrelevant definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). When debating these fools, send them to this article, and be sure to tell them to check the date it was published(1900).
So now let's go one by one and use technology to destroy the far left's horrific hopes and dreams.

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead. Good riddens.

In conclusion

If you like this post and want to explore this topic further, feel free to sub and post to /AnarchoCryptography. It's a crypto-anarchist sub specifically for ancaps.
submitted by CommunismDoesntWork to AnarchoCryptography [link] [comments]

[Effort Post] The far left is dead, and cryptography killed it

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? Our definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's irrelevant definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). When debating these fools, send them to this article, and be sure to tell them to check the date it was published(1900).
So now let's go one by one and use technology to destroy the far left's horrific hopes and dreams.

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead. Good riddens.

In conclusion

If you like this post and want to explore this topic further, feel free to sub and post to /AnarchoCryptography. It's a crypto-anarchist sub specifically for libertarians and ancaps.
submitted by CommunismDoesntWork to Libertarian [link] [comments]

[Effort post] Will private property disappear if the state does as well?

Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? The capitalist definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's definition, we will see that each of these 3 technologies meets their definition of private property.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase an anarchist wrote this over 100 years ago
So now let's go one by one and see if private property is bannable

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead.

In conclusion

submitted by CommunismDoesntWork to Anarchism [link] [comments]

REMINDER: This is why Bitcoin is the next big thing

I'm not new to Bitcoin but recently I experienced the ultimate online payment disaster. This event reminded me how great Bitcoin is (or will be!) so I thought I should share this with you:
Recently I decided to play some online poker, so I downloaded FullTiltPoker and signed up for an account. The FullTiltPoker Mac Software basically looked like some 1995 dinosaur program and it asked me for root passwords.. gulp... Next thing, I had to enter my credit card details. gulp, it didn't feel great considering how shady FullTiltPoker is with all it's past legal cases and controversies. Anyway, it didn't stop here. On the next page I had to enter my full name, physical address, telephone,.. you name it, basically everything. You know how it goes with online credit card payments. I constantly had to think how this dinosaur software could get hacked or raided by the FBI again, it really made me feel bad to give them all this information.
Further, I noticed it wasn't possible to deposit more than $600. Well, they really have serious risk problems!.. I decided to deposit $100.
A few minutes later I received an Email. Guess what, my account was suspended!
What they asked next was just incredible, please check this screenshot: http://i.imgur.com/FWBNu0x.gif A photo ID, credit card scans, address verification -- AND photos of me holding all said documents to compare my face. At this point I was just facepalm.jpg
I kindly asked FullTiltPoker to close my account and refund the $100. And then:
For security reasons unfortunately we would not be able to refund your deposit without the requested documents either.
Now, I have to either submit the documents or wait 180 days for the $100 payment to return. Great job!
All in all, this made it so obvious for me how great Bitcoin is. Every single of this problems could have been avoided using Bitcoin. Let's not forget that they are probably still facing fraud problems besides all those crazy verifications, LOL! With Bitcoin, I could have paid anonymously, probably without limits and without any identity verifications.
Let's not forget, Bitcoin already prevailed in the highest risk markets! Silkroad showed that it's even possible to run a black market with Bitcoin. This is an absolutely crazy result of this "experiment"!
It really makes me think, how stupid can a high-risk merchant be to NOT accept Bitcoin? Well, I assume it's dinosaurs who are afraid of change. But time will come! I'm just wondering if it will be the same companies that at some point decide to accept Bitcoin, or if it will be Bitcoin startups that replace them completely. Probably both.
By the way, I told FullTiltPoker to accept Bitcoin, but the customer support is horrible and basically all I got was automated or template replies...
EDIT: This thread got heavily spammed/derailed by haveyouconsideredthe This user seems to be part of a larger network that immediately upvotes his posts and so forth. Mods, can you please look into this?
submitted by AtGal to Bitcoin [link] [comments]

The Bet: BMR and Sheep to die in a year

EDIT: No one has offered to accept any of the bets, so I am declaring this offer withdrawn.
BMR & Sheep have demonstrated their danger, but few black-market-users seem to genuinely appreciate this. I am publicly betting that they will fail in the near-future. If you think I am wrong, just try to take my money and prove me wrong! Otherwise, spare us your cheap talk.
Hi! I'm Gwern Branwen. You may remember me from such black-market webpages as Silk Road: Theory & Practice, and /silkroad. Today I'm here to talk to you about BlackMarket Reloaded & Sheep Marketplace.
(A signed version of this 30 October 2013 post will be posted as a comment, because I wish to use Markdown formatting; my PGP key is available.)

Background

With the fall of SR, we're all very sad: it was a good site which performed a useful function. But life goes on, so it's no surprise we're all moving on to new black markets. That said, I am concerned by the accumulating pattern I am seeing around BMR and Sheep, and by the delusional optimism of many of the users.

BMR

BlackMarket Reloaded, since the fall, has been marked by a pattern of arrogance, technical incompetence, dismissal of problems, tolerance for sellers keep buyer addresses & issuing threats, astounding tolerance for information leaks (all the implementation information, and particularly the VPS incident with the user data leak; mirrors: 1, 2), etc. We know his code is shitty and smells like vulnerabilities (programmer in 3 different IRC channels I frequent quoted bits of the leaked code with a mixture of hilarity & horror), yet somehow backopy expects to rewrite it better, despite being the same person who wrote the first version and the basic security principle that new versions have lots of bugs. (I'm not actually bothered by the DoS attacks; they're issues for any site, much less hidden services.)
And then there's the things he's not telling us. Atlantis shut down because they were worried about contacts from LE, and thus far this shut down seems to have saved them; but BMR has been around several times longer than Atlantis - would it not beggar belief if LE had not made contacts, attempted SR-style stings, or infiltrated BMR staff? And remember how we were able to discover all sorts of leaks in DPR's opsec once we had the indictment and knew what to look for? Or consider the claims being made about the Project Black Flag Leaks, where someone claims to have accessed laundry list of information from its internals - only after Metta DPR decided to rip-and-run. If this is what we see publicly for BMR, what on earth is going on behind the scenes?
backopy should have handed on BMR weeks ago, but is still around. He seems to plan to repeat SDPR's mistakes exactly: leak information all over the place, never retire, and just keep on until he is busted and takes who-knows-how-many people down to prison with him. He has learned nothing. What, exactly, is his exit strategy? What goals does he have and when will they ever be satisfied? He has been running BMR for more than 2 years now, and has not left. How does this story end: of a man who does not know his limits, does not have ability equal to the task, and refuses to quit while he's ahead? It ends with a party-van, that's how it ends.
And hardly anyone seems troubled by this! The BMR subreddit is full of bustle; people are even hailing backopy as a "hero" for allowing withdrawal of bitcoins. (How generous of him.)

Sheep

Is Sheep any better? No. BMR is troubled and probably infiltrated at this point, but Sheep may well be a dead market walking at this point. No one has a good word to say about its coding, so there may well be BMR-style issues in its future. More importantly: the veriest Google search would turn up that clearnet site, and it has been pointed out that the clearnet Czech site hosted by HexaGeek was uncannily similar to the actual hidden service. It uses almost the same exact technology, and the official explanation is that they had "fans" (fans? who set up, many months ago, before anyone gave a damn about Sheep, an entire functioning mirror while cloning the software stack and being in a foreign non-English-speaking country just like the Sheep admins?). Ridiculous! DPR may have set up a WordPress site, but at least 'altoid' didn't run an entire SR mirror! (He left that to onion.to & tor2web.org.). Sheep's likely about one subpoena of HexaGeek away from fun party times in the party-van.

The Wager

I am uninterested in seeing Sheep/BMR busted and lots of newbies caught because they can't appreciate the patterns here. People don't take mere criticism seriously, and even if I lay it all out like here, and I mention that I have an excellent track record of predictions, they still won't because anyone can doom-monger and issue warnings, it won't get through to them. I want to get through to them - I want them to understand the risks they're taking, I want them to reflexively use PGP, and I want them to leave balances on sites for as short a time as possible. So! I am putting my money where my mouth is.

Bets

I and 3 others are publicly wagering ฿4 ($816 at today's rate), ฿1 each, on the following 4 bets:
  1. BMR will not be operating in 6 months:
    25%; 1:3 (you risk ฿3 and if BMR is still operating, you win our ฿1, else you lose the ฿3 to us)
  2. BMR will not be operating in 12 months
    40%; 1:1.5 (you risk ฿1.5 & BMR is operating in a year, you win our ฿1, else lose ฿1.5)
  3. Sheep will not be operating in 6 months
    30%; 1:2.3 (your ฿2.3 against our ฿1)
  4. Sheep will not be operating in 12 months
    60%; 1:0.66 (you risk ฿0.66 against our ฿1)
The ฿4 are currently stored in 1AZvaBEJMiK8AJ5GvfvLWgHjWgL59TRPGy (proof of control: IOqEiWYWtYWFmJaKa29sOUqfMLrSWAWhHxqqB3bcVHuDpcn8rA0FkEqvRYmdgQO4yeXeNHtwr9NSqI9J79G+yPA= is the signature by 1Az of the string "This address contains bitcoins for the BMSheep bet run by gwern.").

Definitions

Escrow

Arbitration & escrow are being provided by Nanotube, a long-time Bitcoin user & -otc trader, who has handled some past bets (most famously, the ฿10,000 bet between the Ponzi schemer pirateat40 & Vandroiy) and I believe can be trusted to escrow this one as well; he has agreed to a nominal fee of 1%.
(I am not using Bets of Bitcoin because they have a dishonest & exploitative rule-set, and I am not sure Predictious would allow these bets.)

HOWTO

If you disagree and are man enough to take our bets, post the amount you are betting on which bet, and Nanotube will supply an address for you to transfer your bitcoin to. When it arrives in his wallet, then our bet will be in effect.
May the most accurate beliefs win.
submitted by gwern to SilkRoad [link] [comments]

I have a Bitcoinfession and a plea: Don't gamble.

Hi everyone, I know very few people will see this and that's okay. I decided after a week of severe depression, anxiety, self-loathing, and general fucked up thoughts that I needed to talk about what I did. On the scope of a confession, it isn't much to some people, but to me it is a huge and daunting fuck up that I'll be paying out the nose for. The reality is I might even be homeless due to this. I used a throwaway for this because a few people I know have my primary acct and I can't bear the shame of them knowing yet.
To get to it, I made a huge mistake and lost all my money. ALL OF IT.
If it isn't obvious already, I don't have a lot of money. I am not a all that familiar with bitcoin and only recently began taking part in the community. /Bitcoin has been my bible and go to source nearly every day for the last 6 months. But again, I don't have much money and I decided that I have a this tremendously good feeling about where bitcoin is going so I warily invested in a couple coins around January 2nd at about 809 a coin from coinbase. I was terrified of losing what I put in. Then the next day, the price jumped about $30! I was ecstatic! I was amazed! I couldn't believe that my investment had begun working for me after only a day! It was a great feeling.
At the same time of all this, I had just finsihed up a huge ordeal with Bank of America over fradulent charges on my debit card that sent my account into the negative and had intitially accured almost $1000 in overdraft and other fees. It took months to get all my money back and in the end still lost out on about $200 dollars. Needless to say, I was more wary of my bank than bitcoin at this point and bitcoin was GIVING me money instead of giving it away. So I did the only logical thing I could think of at the time and put the rest of my savings into BTC.
And guess what? It went up again! I was so happy with my decision that I started reading more and more about BTC.
Then the fluctuations in the BTC market started happening. I started to get nervous because the only cash I had was losing value and fast. I knew that it had a habit of fluctuating like that but I never had any money invested before. The anxiety was real for me every day I'd hop on /Bitcoin and see the news about mtgox ( then after that the silkroad 2 hack.)
So, about a week ago when coinbase's price was plummeting still due to gox's problems and bad press and so on I started getting nervous. More nervous than I had been before. My "investment" had lost almost 200 a coin and I was sick to my stomach watching and waiting for the price to come back up like it "always" does.
I was posting around a few forums and asking questions about what I should do? What could I do in the mean time? Should I pull out and take my losses? I got to talking to this guy on one of the forums who seemed to know what he was talking about. He mentioned the dice site satoshi bones and how he was in the same spot as me, made one bet and came out 10BTC richer. Even sent the tx ids. It was awesome to see and was even more awesome to imagine. He went as far as to send me .05 btc (holy shit!) and said "Make a few bets and watch, some of the odds are great."
So I did that. I sent a few bets of .001btc and made nearly .5 btc in 5 minutes. I was hooked. I was going to make my money back. I was going to make a few bets and get out with what I put in, no more.
So I proceeded to make bigger bets. I was making money. I was getting good at watching and "considering the odds." It wasn't really the case, I was just geting lucky here and there. I had no idea what the fuck I was doing.
Then the transaction malleability thing happened. Or, rather, it was probably happening the whole time. I don't know. I don't know what it did to my MultiBit account, but it was sending my coins and not updating my balance. I was losing more than I knew because the double spends ended up looking like I had more in my overall account than I did. At one point, it appeared that I had TRIPLED my initial BTC investment over all and I was nearly crying with joy.
Then I couldn't access my funds. It said I had a "Balance" of 30btc, but "Spendable" was .05. I knew that it took a little while for the transactions to get through the system and clear but minutes turned into hours and hours into days.
When the whole story about the transaction malleability broke into full swing I started tracing my tx IDs back. I was a nervous wreck at that point. I had so many double spends and unconfirmed transactions that there was no way to actually find out how much I truly had left. When I looked through multibit's logs, it had mulitples of the "wins" that I knew I had but numerous tx Ids. I couldn't keep track of it all. Attempting to "reset" the blockchain on Multibit would only cause it to crash (probably because I had sent and received sooooo many unconfirmed transactions back and forth between that game.)
I decided to grab my private keys and attempt to use Bitcoin-QT to sort it all out to no avail. It too said I had a balance around 30 BTC unconfirmed (a mind blowing amount of money for me!!!!!) I relaxed and decided I would just have to wait it out to get my money and I'd hold off on grocery shopping until the weekend (today.) Even if I had half of that after it all cleared up, I'd have made a HUGE profit.
About two days ago everything calmed down and my balance began fluctuating like mad on both the Multibit client and Bitcoin-qt. It went UP at one point to 40 BTC even! Then transactions started to disappear. Mostly, the transactions that disappeared were the "wins." I assume this is because all of the unconfirmed txs or double spends started being pushed out of the system? I have no idea.
I'll take a second to mention that I've never had an interest in gambling whatsoever. I've been to vegas, played a few slots, sat in for some poker and blackjack, would lose and just walk away. However, the last couple days I was consumed by the dice game. I thought I was making incredible money, hand over fist.
Yesterday, my balance completely cleared up. I'm broke. I have nothing left. I pissed away even my winnings (maybe 3btc) I had before the transaction malleability started fucking things up. I cried for the first time in 10 years yesterday. Today, I cried again.
Over the last week I fell into a depression and was overcome by this urge to just stop existing. Not really suicide at first, but, more of a "I want to close my eyes and let it all blow over." Then, when that didn't happen, I did start considering suicide. I have no money left. I don't know what the fuck I'm going to do for rent, for food, for gas, for my fucking books next quarter. I moved to california on my own about 3 years ago and have zero family in the area. I don't have family to lean on finacially whatsoever (I come from a seriously bad luck/misfortune/poor family.) Monday I'll be heading to my university to find out what I can do and if I qualify for any loans. Or something. I don't know. But right now, I need to tell people and persevere and try to make it out of this.
But, my point of posting here isn't a pity party or to draw out "sorry for the bad luck" responses. I did this to myself and this pales in comparison to the bad luck others have had.
I want people to use my sincere and obvious FUCK UP as a lesson. I got caught up thinking I was making money. I wasn't fully aware of what was happening during the transaction malleability shit and made decisions without fully comprehending the situation (and it is NOT the fault of Mulitbit or the dice game even if I wanted something to blame.) Most of all, I was GAMBLING my money away. It was greed and poor decisions. But mostly greed.
So, I fucked up. I don't want YOU to fuck up like I did. Please look at the story and realize that it can happen to anyone without fully thinking through your decisions and having a grasp on the situation. And SERIOUSLY consider when you're putting too much money at stake when gambling. You could regret it and be in a shitty spot like myself. Thanks for reading.
TL;DR Holy shit I wrote a novel. Sorry. In short, I inadvertently gambled away my only $7000 during the transaction malleability crisis and it is no one's fault but myself. I am now broke and terrified and I don't want YOU to suffer like I did. Do not gamble and do research before you do anything with your money especially if it is all you have.
EDIT: Though my intial reason for posting was NOT to focus on why my balance said one thing and the actual balance was another, here is what the balance looks like on my Multibit client right now. However if you look at the blockchain, that's clearly not the case and hasn't been for days and days. These are the addresses I used off and on. Not all of them but those were the most active I think. 17cHzgxRLumqfu6UAddUrJmTujd7goHLrx 1BAKHq37qj1xekitr7adXapLqFrVtAhm8A 1KLug6D1mXoyS12BZipyQ8WHAdNzDmQxMp. Also, when I opened the Client today it seemed to send or revieve "stuck" transactions? I don't know what to tell you all beyond that.
submitted by DontBeStupidLikeMe to Bitcoin [link] [comments]

Silkroad for Dummies Part Two

Part 1 is located here
Part 2 begins here:
You just now have to put all of these passwords and knowledge to use. I will now go through all of the steps i would take to make a purchase on the Silkroad or another darknet website.
Step one: Coinbase
Go to "buy/sell bitcoin" and make a bitcoin purchase on coinbase. It will give you the date these coins will arive.
Step two: Wait
Wait until your coins arive
Step three: Transferring your coins via coinbase and Block chain.
Open your blockchain app on chrome. Copy your bitcoin address (located on your "wallet home" tab). Now go to coinbase and select "send/request". Now click "Send Money". Paste your Block Chain bitcoin address as your receiving address. Click send money. Now open up Blockchain app again and check "my transactions" within the next 30-60min your bitcoin should arrive and be confirmed. The bitcoin will be on your account after you have about 6-7 "confirmations". To check your "confirmations" click your transaction.
Step four: Sending bitcoin to Silkroad anonymously
Open your bockchain app and select "Send money", then select "Shared coin". It is important to use Block chain's "Shared coin" option if you wish for your bitcoin to be completely anonymous. In the "from:" area select "any address". In the "To:" area copy and paste in one of your Silk Road wallet addresses. Your silkroad wallet addresses can be found on your silkroad "account" tab. To get here select "account" at the top of your silkroad page. Once there you will find your silkroad deposit addresses. Back on Block chain select the amount of bitcoin you wish to send. You cannot send all of you coins because it costs a very small amount of money to send your coins. I recommend leaving about 1 $ on your Block chain account to cover the cost of sending your coins, for present and future purchases. Next select the amount of repetitions you wish to have. I would recommend somewhere between 5-10 repetitions. The more repetitions the more secure, but the greater the cost. The cost, however, will be minimal no matter how many repetitions you choose.
Step five: Wait
I've heard of it taking anywhere from 10min - 24 hours for your silkroad to receive your bitcoin.
Step Six: Making a purchase on the silkroad.
Once you've received your bitcoin on silkroad it's now time to make a purchase on silk road. To do so add the items you wish to buy to your cart (be sure to select a shipping option), and include an encrypted address you wish to have it sent to. To encrypt your address you need to use PGP. First you need to get the public key of the person you're buying your product from. Go to their silkroad listing of the product you wish to buy and copy and paste their key to a notepad file and safe that file to your PGP folder. This is what a public key looks like:
-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: GnuPG v2.0.21 (MingW32)
xQENBFBuNAMBCACrjNBSs7P8EUBSH42K2x3g2LUQ6S3RjcAHUxlKT3XKisKQQPwd 39j2USyocyrDPdJzAWW9EhqnISlv4COVlS8v2dpqwBqoH+eiK21wsOPxbWIyhPQu zRrPxqxqdzp5TJeCofGqlt250AicNpicSIsmEWwwRcPqBKqKmrCMlm1O2kcfZCfd 4JEJ60+dg1gh3Omqd8R4ooE4JUofcWU6NXhA3KV5ZcOgXV/7t0DVqJhplbH5qD28 zp8RUn+OvHAgU+C+CKY2fRIGHuKlqijKN40/4W9hPKHsF8NkEOK/ixHbcgaIX5yF sl/CXjgzJ8vRP+AV78q7ZLAXRc5VJ2dBxDDXABEBAAG0I0JsdWVWaWtpbmcgPEJs dWVWaWtpbmdAbGF2YWJpdC5jb20+iQE4BBMBAgAiBQJQbjQDAhsjBgsJCAcDAgYV CAIJCgsEFgIDAQIeAQIXgAAKCRCOymUppVxR2sWoB/sGfDqyii2LpFs0u9MOG1VT XTIpEtxKo+4UvNJYSdtXuaLc2bczpqK7yVPiYSTHq87OOq5Iomk52ziwzsRYBARe 40cqC7ijJ+aStf56vUYxFJRmgx0JGDqZeeeluOjhOdaluw+5Y5Pm4ToUDqQSolPG bki/Vhs3cXBpdrq6B2mmiLwhS40/4W9hPKHsF8NkEOK/ixHbcgaIX5yF sl/CXjgzJ8vRP+AV78q7ZLAXRc5VJ2dBxDDXABEBAAG0I0JsdWVWaWtpbmcgPEJs dWVWaWtpbmdAbGF2YWJpdC5jb20+iQE4BBMBAgAiBQJQbjQDAhsjBgsJCAcDAgYV CAIJCgsEFgIDAQIeAQIXgAAKQENBFBuNAMBCACrjNBSs7P8EUBSH42K2x3g2LUQ6S 39j2USyocyrDPdJzAWW9EhqnISlv4COVlS8v2dpqwBqoH+eiK21wsOPxbWIyhPQu zRrPxqxqdzp5TJeCofGqlt250AicNpicSIsmEWwwRcPqBKqKmrCMlm1O2kcfZCfd 4JEJ60+dg1gh3Omqd8R4ooE4JUofcWU6NXhA3KV5ZcOgXV/7t0DVqJhplbH5qD28 zp8RUn+OvHAgU+C+CKY2fRIGHuKlqijKN40/4W9hPKHsF8NkEOK/ixHbcgaIX5yF sl/CXjgzJ8vRP+AV78q7ZLAXRc5VJ2dBxDDXABEBAAG0I0JsdWVWaWtpbmcgPEJs dWVWaWtpbmdAbGF2YWJpdC5jb20+iQE4BBAvxIZ2udI1KVCx+hzhZ9pGU+MbB2xotX+ n/Se05zimkbm2f7h4lNmZWyE5PeBI57l2IIi6REhzYKqlj9aiXqIu1B4BM7R1v Q41wDyre+yfUFDSWeXMU41LeIzM4DmB7r3CN0Ha2WNAmJeHTUBp1MhScIXV7D4+J woc2PPcCoC0AyZQFpCk9vzABPbaBWCNvT79bmDEzV+XvC73vgpJbaws8fuplZcTU 0xSRvyDoYEQ1cvcX4jemafng2Dh2/EO8i3qy3IbdLJRlWA== =lC3C
-----END PGP PUBLIC KEY BLOCK-----
Be sure to copy the whole key. After you've copied their key and saved it in your pgp folder open "GPA" and select "Import". Go to the location of your pgp folder and select the file with the key of the person who you are buying from and import it. Now select the "Clipboard" option at the top right of the gui. Type your address in. Be sure to type your REAL name and REAL address. You must do this if you want to receive your package. For example:
 Billy Joe Bob 8876 Creek Road N. W. Montgomery, Alabama, 36103 (USA) 
After you've typed your address select "encrypt" and then select the public key of the person you're buying from on silkroad. Be sure to select the "Sign" option in the encrypt gui and sign with your key. Click OK. You will now see your encrypted pgp message. Copy and paste this message into the address section of your order on silkroad. Now the person you are buying from on silkroad knows where to send your package. I repeat, be sure to type your REAL name and REAL address. You must do this if you want to receive your package. Don't worry, the address you typed in is encrypted so only he person your are buying from can see it.
Step seven: Retrieving your leftover bitcoin.
To get your leftover bitcoin, and you WILL have some leftover after making a purchase, go to the "account" section of your silkroad and copy and paste your Blockchain address to your "withdraw funds" section on silkroad. Type your pin and the amount you wish to send and select "withdraw". Once you receive your bitcoin on block chain you can now send it to your secure multibit address. To do this, once again, select the shared coin option on blockchain and send the coin to your multibit address. This is the only time in the entire process you need to use multibit. I do, however, highly recommend using multibut because it is the most secure place to store your bitcoin after you're done making a transaction.
Step eight: YOU'RE DONE!
Remember, if you have leftover coin in multibit, you can use that coin in the future simply by sending it to your Blockchain address and then using the shared coin feature to send that coin from blockchain to silkroad.
submitted by fdasdfasdfas to SilkRoad [link] [comments]

[ME][DIS] xpost my comment from "I think I poked the CIA" post on nosleep

I have two instances in my life similar to this that I cannot explain away. The timing of it all is what tipped me off to it. Let me just into get it because it's subtle and scary has hell when I get into it. First story requires some backstory to make sense.
Back when I was 16 I had moved out of my dads house and in with another friend my age. My dad is a federal judge and I'm not sure if it's relevant but it may be. Well one summer my friend and I decided to go on an adventure and we hopped on a train to stay in the youth shelters in San Francisco. We had heard if you were under 18 you could get a bed every night and 2-3 meals a day.
This turned out to be absolutely true so we spent our days hitting up different skate spots in the city, and just skating and partying all over the SF streets. We were having a great time, hanging with the other shelter kids sharing stories and working together to get faded. This is where the first strange instance happened.
I spent almost all of my mornings in Union square. I would meet my gf who was working in the city for the summer at Union square pretty much every morning and we would hang out together and in the surrounding areas for 2-4 hours depending on her schedule. I have to mention because it's relevant but my gf at the time was from Scotland and had a very noticeable accent. I had never talked to any law enforcement while I was there and never even noticed the police on a daily basis.
Well this is the strange part. One night my friend who I came to SF with got arrested for some skating drunk in public incident. I forgot to mention that we are both Asian mixes of similar build and height. Anyways when my friend gets out he says he has some weird shit to tell me. Basically the cops thought he was me and they had more info on me than it made sense for them to have. He said they kept asking about Union square how I'm always there and mentioned my Irish girlfriend. He was confused and didn't realize that they were talking about me since he didn't do any of that stuff but remembered that that was my daily routine.
Now I've never talked to any cops while I was in SF and my father shouldn't have even known I was there at the time although he could have found out from my sister that knew. How the fuck did they have any info on me though and I had to have been under some sort of surveillance is all I can think of.
Now incident number 2 involves my Dad AND involves Tor and the silkroad. This happened last year and I stopped talking to my dad after this incident but we have since been talking again.
So last year I bought some bitcoins I was playing with Tor and browsing the silkroad. I had been on there a lot that week as I was new to it and trying to figure out if it worked and how safe it was etc. At the same time I ordered some stuff from Amazon completely unrelated and accidentally shipped it to my original address which was my dads house (just recently moved out again). It was a plastic gundam model that I bought on a whim.
I called my dad and explained that a package would be showing up addressed to me from Amazon and to hold it. He was fine with it and that was that. This is where the strangeness happens. 2 days later I get a call and it's my Dad and he is livid. He basically starts accusing me of sending drugs to his house. He is not going into details but he is now convinced I illegally shipped drugs to his house from online. This was s not normal because it came out of nowhere and he was convinced I had done it. I told him to open it when it comes and he will see.
So anyways he opened it it was a toy from amazon and it was never brought up again but I realized I had been on Tor looking at the silkroad the same week I ordered that stuff from Amazon.
I have another story I didn't include here that almost involved me getting shot at 4am at night and a police car rounds the corner right as the gun gets pulled on me but that might have just been lucky timing.
Regardless I can't shake the feeling that I'm somehow have in the past or maybe still am , under some sort of surveillance. I can't explain the first instance away.
Edit: anyone else have similar experiences? This isn't like gang stalking so not looking for that just subtle hints or things that have happened that you can't explain that indicate that you may be nothing more than a pawn.
submitted by yeastblood to Thetruthishere [link] [comments]

A guide to using Silk Road, specifically for /r/UKtrees

Hey all, I’ve seen a few posts on here asking about using Silk Road to purchase trees. I’m not an expert, but I have used it successfully a few times now, so I figured I’d write a guide to help anyone out.
1. Getting on Silk Road.
Silk Road exists on what is commonly referred to as the ‘Hidden internet’, or ‘Deep Web’; Websites on the hidden internet are not indexed and thus not accessible by regular search engines or DNS lookups. You can do more research on this if you want - to be perfectly honest, I don’t understand it entirely - but you don’t need to.
To access Silk Road and the rest of the Hidden Internet, you need to download a piece of Software, called Tor. This software allows you access hidden websites via a regular browser window. Just head to Tor’s Website and click the download. Once the files are downloaded, unzip and click Start Tor.
To head to Silk Road, enter the following address silkroadvb5piz3r.onion
You’ll need to make an account, this is pretty straight forward. (Make sure you remember your pin. You don’t need it when logging in, but you do need it when confirming transactions. Also, your pin doesn’t actually have to be a ‘pin’, mine is just another regular password)
Note: Due to the nature of the Onion network/service, it’s quite slow. And a busy site like Silk Road can be even slower. So, it may be that you have trouble connecting. If it doesn’t work, hit refresh a couple of times, and then just try again later. I usually have better luck in the morning 9pm-12pm and late evening 10pm-4am
2. Bitcoin.
Bitcoin is a decentralised peer 2 peer based currency. Essentially, it’s an untraceable and anonymous currency. Purchasing Bitcoin can be a little tricky, there are a number of ways to do it.
There are exchanges such as MTgox and Intersango, and many direct Bitcoin purchasing sites such as Bitstamp, and BitInstant. The problem with many of these sites is they operate outside of the UK, and as such getting money into them can be tricky. They tend not to accept debit credit cards, and often require bank transfers via IBAN. However, banks will often charge you a fee for using IBAN (I know Natwest charges £10).
These websites will allow you to deposit money into your account, and then place orders to convert that money into Bitcoin.
Other easier websites are Virwox, and Block Chain.
With Virwox, you first need to convert currency into Linden Dollars (SLL) (a currency used in the game Second Life) then into Bitcoins. However, Virwox does not allow for fractions of bitcoins, which means you can easily end up being just shy of a full bitcoin and having ‘worthless’ SLL. One nice thing about Virwox is that they accept UKash vouchers. So if you want no trace of your purchases, you can go buy UKash vouchers at any Paypoint and then deposit those.
Block Chain used to only be depositable via Barclay’s Pingit, but has since opened up regular bank transfers, I found this worked really well the last time I used it, so I’d recommend it.
You can also buy bitcoins in person by searching on Local bitcoin. In addition, there are also people selling Bitcoins on Ebay, but very overpriced, so I wouldn’t recommend that.
There are a tonne of places to buy bitcoin, some accept cash/cheques in the mail as well. You can always find more by googling.
3. The purchasing process.
You need to send your purchased Bitcoins to your SR account, you can find your bitcoin address under ‘Account’ at the top of the screen. It can take a few hours for the transfer to take place.
Once in your account, you’re ready to purchase, simply find whatever it is you wish to buy, click add to cart, and then head to the checkout. Select a postage method for your items and click go to confirm the postage.
Now, you need to input your address and your pin.
Now, you might have heard of PGP encryption by this point, it’s a form of public/private key encryption used on SR to protect the addresses of its users.
For this, I’m just going to steal mr_kyitty’s guide from this thread.
  1. Get gpg4win, install, and open 'GPA'
  2. Now you need to make your own key. Go to Keys>New Key, and follow the prompts. Use a fake name/e-mail. Before entering a passcode, write it out (the longer the passcode, the better, and you have to enter it every time you encrypt something). Once that's done, you have your own key.
  3. Import the seller key from the seller page. To do this, copy the public key from the page, paste it into a blank notepad file, and save the file. Then click 'Import' in GPA and load that file. You now have that seller's public key.
  4. To encrypt your address, open the clipboard in GPA and type in your address. Click encrypt, select the seller's public key, and in the lower box, check "sign" and select your own key. Then you will be prompted to enter your passcode. Once complete, copy the block from the clipboard and paste it into the address box on the shopping cart page.
I’d like to add, that you don’t need to ‘sign’ the encryption. What this does is allows the seller to verify that you are the actual sender of the message. However, I’d argue this isn’t entirely necessary, as it will also require you to post your public key somewhere.
Click to confirm the transaction, and that’s the order placed.
It will now show up under your ‘orders’ section. You’ll notice an option to ‘finalize’.
Silk Road uses escrow, i.e. they hold your money when you place an order, and when the order is confirmed to have gone through (after x days) the money will be sent to the vendor. You can Finalise early, by clicking the finalise button and sending them their payment. It’s common courtesy to do this once your item has arrived. If an issue arises, you can click resolve, and attempt to claim a refund/resolve the issue. I don’t have any experience with this so I’d recommend you search /silkroad for advice if you need assistance on resolving a matter.
Some vendors might ask you to finalise early before they will send your order. Now, this is actually against Silk Road policy, but its common for vendors to ask for this from first time buyers. Personally, I would say just don’t do it. You never know what’s going to happen. But generally speaking, a vendor's reputation is probably worth more than your particular order, so the risk of being 'ripped off' is low.
Still, I wouldn't recommend it.
4. Additional Comments
Do I recommend it for weed?
I started using SR Last year after I moved back home from Uni, because I no longer had a dealer. Personally, if I had a choice, I would choose to buy from a dealer every time. SR is a lot of hassle, so I wouldn’t recommend it for your general Eighth or quarter, unless you have no other connection (as is unfortunately the situation for me).
However, there are a variety of strains and products available, ranging from hashes to oils to edibles, so some of you might like to have those options.
In terms of price, I’d say it’s fair. A lot of Weed vendors will have a standard strain that they’ll sell for a (roughly) standard £20/eighth. You will generally be spending a little more given the nature of the process.
Is it risky?
In terms of general legal risk, you can't control what people send to you. If there's no record of you having bought it (Which there isn't, buying bitcoins is not a crime) then you should be fine. In terms of 'Will I get scammed risk' - it's just like ebay, people value their reputation. Buy from high repped vendors, and you should be fine.
Anyway, that’s all folks, I hope you’ve found this helpful. If you have any questions, leave a comment, and I’ll do my best to help you out.
Also, if any other more experienced SR users have noticed any mistakes or things I should alter in this guide, please leave a comment and let me know, and I’ll make the necessary amendments.
And here are some other great subreddits which you may also find useful.
/SilkRoad - For everything Silk Road. /Bitcoin - For everything Bitcoin. /onions - For everything hidden internet.
submitted by Rosetti to uktrees [link] [comments]

I'm a newbie - I'm a Libertarian who loves the idea of decentralized money - I have a few extra bucks to invest - But here's a list of 5 reasons why I haven't bought Bitcoins yet.

  1. I can't easily buy them with a credit card or check. The whole idea of wiring money scares me because I've never done it before. (The key word is easily, without paying way over value.)
  2. I am afraid of losing my money. I'm not afraid my money will lose value - I'm afraid of physically losing my key/code/wallet. I buy new computers all the time. I can't keep track of paper or usb sticks. I know how easily data is lost. Those digital pictures of my mom and dad I took 5 years ago - now that they've passed away I'd give almost anything to have them back - but I can't find them on my computers. I'm afraid the same thing would happen to my bitcoins.
  3. I'm afraid of my government. My senator is Chuck Schumer (who has spoken out against bitcoins). I'm afraid that many people in the the federal government think like he does. And I'm afraid that bitcoin transactions will be outlawed. (However, I feel a little better about this now that silkroad is gone.)
  4. I understand bitcoin, but not as well as I'd like to. I've watched dozens of "What is bitcoin" and "Introduction to bitcoin" videos. I've read articles. I read threads like this one on reddit. But I'm still not confident that I know what I'm doing. If you showed me a bitcoin address and a bitcoin key, I don't think I'd be able to tell you which was which. And how is a wallet different from an address? I'm embarrassed to admit that I am not entirely sure.
  5. I can't explain it to my wife. Or friends. Or family. My wife - "You want to spend several hundred dollars on money that's not real?! And you only get like three coins... and they aren't even coins? We need a new washing machine instead." My financial advisor - "Way too risky. I would not recommend. Sounds shady." Family - "Isn't that the online money people use to buy drugs? I read about it in the newspaper. Are you buying drugs?" sigh Nobody understands why I'd want money that's based on deflationary system and that's not controlled by the government.
Just thought I'd share. I welcome your thoughts and suggestions.
UPDATE: Many thanks for your support and kindness. I started a coinbase.com account. I'm still waiting on account verification, but I will buy my first bitcoins soon. Thanks to those who sent me a bitcoin tip - I started a digital wallet on blockchain and deposited the tip money. The process wasn't nearly as intimidating as I imagined.
UPDATE 2: Thank you all for your help. I did purchase my first full bitcoin!
submitted by marfalump to Bitcoin [link] [comments]

The Race To Silk Road 2.0 – Eight Sites Battle It Out To Become The Internet’s Go-To Drug Site

Clearnet link with images: http://atlantisblog.org/191/
It’s almost two weeks since I reported on the race to create Silk Road 2.0 and it seems the mass migration is well underway with existing sites busting at the seams to accommodate the huge increase in traffic with some sites witnessing a 600% increase in listings in two weeks alone and with several more new sites in the final stages of testing it looks like it won’t be long before silk roads legacy of 12’000 drug listings are divided out among its suitors. So who will be the big winners and losers in the battle for the spoils, well it would seem Sheep Marketplace with its slick interface and easy to navigate listings has seen the biggest explosion in growth while the well established heir to the throne Black Market Reloaded has almost doubled it number of drug listings despite having to temporally close the site on several occasions due to huge influx of traffic and a security breach on another occasion.
This morning the Silk Road subreddit graced me with a list containing links to many new TOR marketplace sites and since many of these untested and unproven I decided now might be a good time to assess the state of the union and check each of them out for myself. Black Market Reloaded
Link: http://kss62ljxtqiqdfuq.onion Discussion Forums: http://fec33nz6mhzd54zj.onion/
First up the site many users see as the obvious alternative to Silk Road since it’s now been open over two years with its owner backopy incidentally announcing the launch in the same bitcointalk thread discussing the launch of Silk Road although I’m guessing he didn’t make the same mistake as DPR by using his real e-mail in his forum profile. From his public demeanor backopy seems much keener to focus on business and security than long posts musing over how to win the war on drugs as he was quick to point out when many ex Silk Road users were looking for the politics section of his marketplace forums. Blackopy No Politics
If you’re looking for a side order of philosophy and politics along with your drugs Black Market Reloaded might not be the site for you
After briefly closing the site to new registrations to facilitate server upgrades BMR is now open to new customers and vendors alike. The main complaint I read about the site is that it’s not pretty, can be difficult to navigate and there is no real way to sort listings by county/bestselling etc so initially finding the right vendor for your needs can take some time. However in my view function trumps fashion and while it may not be pretty backopy has at least demonstrated he’s got what it takes to stay one step ahead of the law (at least for now) BMR dated interface?
While some users claim BMR looks like a site they visited through netscape back in 1999 BMR is now the trusted veteran marketplace
In terms of numbers, Screenshots taken today and on the day of Silk Roads closure show the number of drug listings increase from 3075 to 5104 representing a 70% increase in the past two weeks. In terms of turnover backopy’s own figures (last published April 2013) show the site had monthly sales of nearly 70,000USD and considering they were rising month on month that figure is likely to be in the region of 150,000USD per month now.
What plans do they have for the future? well it would seem becoming top dog overnight has encouraged a bit more development and instead of implementing updates on the fly blackopy prefers to release an entire new version of the site in one single update. In a post announcing a 5 BTC ($750 at time of writing) reward for a new logo design he states “BMRv5 will feature mostly responsive HTML5, allowing the site to adjust to other media, such as tablets and smartphones along with no need for JS [JavaScript] anymore or an even more minimalistic version may be present.”
If he’s willing to drop $750 on a logo I can’t wait to see the site. Sheep Marketplace
Link: sheep5u64fi457aw.onion Discussion Forums: sheep5u64fi457aw.onion
If being the veteran black-market which outlived Silk Road and Atlantis makes BMR the tortoise than Sheep Marketplace has to be the hare. In what now seems to be tradition the marketplace was also announced in a bitcointalk thread dated “May 03, 2013″, The owners say the site is based on the open source Nette Framework and while little is known about the sites history or owners there has already been some reddit drama surrounding a non TOR version of the site hosted at sheepmarketplace.com which has now been replaced with a removal notice by the Czech hosting provider, meanwhile the owners have claimed this site was unaffiliated with them and at the very least it was hosted on a totally different server, however the Czech connection maybe something I have to return to for a future post.
On the business side of things however the site is booming and seems to be the fan favorite among the Silk Road diaspora thanks to its sleek interface, product search and filtering features and near lack of downtime during the Silk Road seizure. Perhaps its sudden popularity was also helped by the fact Black Market Reloaded is historically seen as “a place for scammers” by many Silk Road forum users but again if I compare screenshots of sites taken today with another taken the day of Silk Roads closure it’s clear the site has just undergone explosive growth with the number of drug listings increasing from 855 to 4165 which is almost a 400% increase in two weeks and this number is increasing daily. sheep mod note
Sheep Marketplace has yet to prove itself but they seem keen to impress with Sheep forum administrator “ctrlaltweed” eager to answer questions and keep everyone up to date with the rapid deployment of new features which the sites admins have been furiously adding to keep their new customers happy.
After a pain free registration process and quick browse around the site I was very impressed to the point of being confused if anything had really changed from the Silk Road days, After only two weeks the same familiar brand-name vendors were top of their respective category’s when I checked the best selling list and when I wanted to see what was available to my location I only had to click the large “domestic” button to see who was selling in my region. Sheep marketplace's clean interface
Sheep marketplace’s clean interface seems to be a hit among Silk Road users
If Sheep Marketplace keeps rolling out new features and listens to the huge Silk Road community who have found exile there I’ve no doubt they will surpass Black Market Reloaded as the biggest online drug marketplace within weeks but I would still hold some concerns about their security in the long term. Project: Black Flag (beta)
Link: ajd4yqq7ngzmqo3p.onion Discussion Forums: http://blackiiw5nozs6i5.onion/
Launched on 14th October 2013 not much is yet known about this project only that its aim is to be a replacement for Silk Road and is run by a character knows as “Metta Dread Pirate Roberts” who appears was not involved in the running of the old site but is building a new site in its image with same policy’s and features meaning no weapons sales. Black Flag screenshot
Screenshot of “Project Black Flag” which has the look and feel of Silk Road circa 2011
While there is not much to show yet a few features they plan to implement to differentiate it from other markets include allowing users to optionally store funds in their own wallets as opposed to one central website wallet making seizure of everyone’s funds less likely. Right now you can register as a user on the site and have an input in the development process but will be a bit longer before it’s fully functional. In a forum topic entitled “Applying for a vendor account”, Metta Dread Pirate Roberts states
“With the open beta just a couple days away, I wanted to get everyone up to speed on applying for a > vendor account.
Currently it is not possible to automatically sign up for a vendor account. This is to prevent vendor spam, as vendor accounts will be free during the beta. To apply for a vender account you will ether need to message me or reply to this topic.” 
With over fifty replies so far and joke listings starting to appear on the site it looks like they won’t have any problem moving forward onto the next stage of the project which I assume means handling real orders once the site has been tested to be secure. I managed to register an account there and buy a few fake items, While the project has lots of work ahead of it the decentralized wallet idea is at least innovate and the site works pretty well which I must say is impressive for a two week turnaround and considering they have a community of 500 members already I’m sure things will progress quickly. Silk Road [2.0] (Working title)
Link: Eta 1- 2 weeks before live Discussion Forums: http://silkroad5v7dywlc.onion
This seems to be the project to watch over the next weeks as the team who worked behind of the old Silk Road (Did anyone every believe it was just one person) regroup and try to implement all the ideas that were shelved to focus on keeping the old pirate ship afloat, Now with time on their hands they seem intent on ensuring when they do return that the new marketplace will be just as revolutionary as the old one was when it launched over 2 years ago.
Nothing has been officially released yet but it seems the new site will also be TOR based since an open job application posted on the forums states they are looking for somebody to manage high bandwidth [TOR] relays funded by Silk Road leading me to believe this is to directly counter a possible threat posed by NSA TOR traffic analysis which was revealed as a potential weak point just recently via Ed Swowden leaks. In any case nobody is taking chances and the new DPR seems to run a tight ship.
“I have taken steps the previous Dread Pirate Roberts wouldn’t have even thought of so you may rest assured, you are in the hands of a technically competent expert.” 
While nobody knows who’s the new face behind the pirates mask or if it’s even one person, Speculators say it’s well known contributor to the old forums “StExo” who was very active in making sure vendor PGP contact info could be collected in one place and had previously made many security audits and backups of the site should anything happen. In his opening address on the new forums DPR goes on to state
“As everyone is now aware, the previous Silk Road has fallen. For law enforcement worldwide this was a small victory for them where they would receive a pat on the back from their superiors and maybe a good Christmas bonus coming up for them. However, what law enforcement has failed to understand is the consequences of their actions. Silk Road is not one man. Silk Road is an idea, and where Silk Road now lies is in the people who made it what it was and it is those people who will, with a little help, bring the idea back to life again under a new name. We are not afraid of our governments, and we never should be. I hope this next phase in the life of the Silk Road is going to be just as interesting, just as productive and just as helpful as the last one was and we will move on from the individual man who started the idea to produce a new site for the free exchange of substances and materials.” 
Vendors from the old Silk Road will be allowed to sign up for free provided they can prove a link to their old identity on the SilkRoad forums, While It’s honorable they will allow vendors to link their accounts from the previous site maybe new public identity’s would be advisable considering how some vendors may have been compromised as I discuss in a previous post.
Anyway this looks to be the site to watch and as things start to take shape the new DPR’s tone is certainly becoming confident, hopefully that means we can expect a release very soon. New DPR aiming high
The new Dread Pirate Roberts says anything less than doubling silk roads previous business would be a disappointment to him Budster
Link: ajd4yqq7ngzmqo3p.onion Discussion Subreddit: http://www.reddit.com/Budster
Perhaps somebody was listening when I posted that a cannabis only marketplace would attract a lot less heat from law enforcement but that’s essentially that’s what Budster is. The website didn’t exactly blow me away and is basically a customized wordpress install with the Woocommerce plugin handling transactions but Budster aims to be a simple concept whose main benefit it seems is the claim you will never lose any funds again due to a site-outage or shutdown since payment is made directly to from customer to vendor with the customer releasing funds to the seller via a unique code when the product arrives and in the case of a dispute Budster will intervene.
If they can prove themselves as legitimate the site could do reasonably well as a niche cannabis market but in its current form won’t be scaling up to Silk Road levels in the near future. Right now they have four “hand picked” vendors on board and anyone who wants to sell there has to meet their standards for quality and customer service.
Time will tell if it’s a success or not, credibility is an issue at the moment but if they keep can bringing on board verified ex Silk Road vendors maybe it has a chance to stand in the shadows of the big players. Budster
Budster might be one of the more “simple” marketplaces but there not exactly selling crack cocaine either
Deepbay
Link: ajd4yqq7ngzmqo3p.onion Discussion Forums: http://dbfrmwvtxmiz2vmz.onion
Links for this site have been spamming up message boards for sheep and other marketplaces these past couple of weeks which doesn’t make the best first impression to me. I’ve not seen too much action there but it does seem the owners are also working on rolling out a new version of the site which according to a post on the forums should be released any day now. Deepbay 2.0 to be launched any day now according to the site owners.
Deepbay 2.0 to be launched any day now according to the site owners.
The site itself doesn’t look bad and is easy enough to search and navigate through but it’s seriously lacking in vendors right now with only about 200 listings on the entire site. One other thing that bugged me when I first checked it out was at least one of the vendors was a known scammer from another site, It seems they have now been removed but after a bad first impression I didn’t stay too long. A screenshot of the product pages of Deepbay
A screenshot of the product pages of Deepbay Other Notable Sites That Deserve a Hat Tip
Silk Road Reloaded: Link: Not yet live Wiki: http://www.reddit.com/SilkRoadReloaded/
Nothing much to show yet but the project wiki is very interesting and if it’s to be believed we should see something very soon, What’s interesting about this is they hope to launch it on the I2P network only which in simple terms works just like TOR but instead of communications being bounced through several nodes everybody connected to the network IS a node so in theory it should make the network much more secure but at the expense of being less user friendly than TOR. From what I read on the wiki this could bring something new to the table so is worth keeping an eye on. Drug Market: 4yjes6zfucnh7vcj.onion Not seen any updates or admin communication so maybe it’s fair to say this is a scam or ghost town
In conclusion, whats clear to me right now is the less tech savvy customers seem to be moving over to Sheep while those who vote for reputation over function are moving to BMR. Right now there is no clear cut winner and with many more holding out for the new Silk Road it’ll be quite a while before any market leader emerges.
Lastly some security advice, If you’re going to use any or a combination of these sites make sure to use a unique username/password combination on each, after all would you trust your real life drug dealer with a spare set of keys to your house. There are way too many Phishing sites out there trying to pose as legit ones in order to harvest your username/password in the hope you will use it on other sites as well where they can then do real damage
Another thing to keep in mind is while many of these sites are unproven and will remain so for some time so don’t hold bitcoins in your account that you can’t afford to lose and less money on the site creates less incentive for owners to cut and run should they feel the heat is closing in on them.
After looking through all these sites and projects that must be consuming every waking hour for dozens of people it’s seems what the old Dread Pirate Roberts said about the power being in the idea seems very very true.
submitted by sruser307 to SilkRoad [link] [comments]

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How to Create New Bitcoin Address: Bitcoin Address is a 26-35 alphanumeric character used for Bitcoin transactions.The Bitcoin user can generate Bitcoin Address at any time. Just like e-mail, you can send bitcoins to anyone by sending bitcoins to one of their bitcoin addresses. Where can I find my bitcoin address? You can find your Bitcoin Cash (BCH) or Bitcoin Core (BTC) address for receiving payments into your Bitcoin.com wallet by tapping "Receive" on the bottom tool bar of your wallet.Your address will be the long string of numbers and letters directly below the QR code for that address. The final connection was made between Silk Road and Ulbricht when a simple Google search connected the Dread Pirate Roberts with another alias called ‘altoid’ that was an early promoter of Silk Road on another drug forum. That alias was traced through the internet to a bitcoin forum where Ulbricht had posted his personal email address. "My understanding is that Bitcoin was not a factor in the apprehension." Typically Bitcoins are acquired by purchasing them from a bitcoin "exchanger", for cash. The Genesis Address – the very first bitcoin address, which is home to the first bitcoin ever mined from the genesis block. It’s assumed to be controlled by Satoshi Nakamoto, although the btc has never moved. There is a technical issue that prevents the original 50 BTC from being transacted.

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