Black Market Reloaded closes doors, restitutes all BTC balances! -edit- reopened - page 2.

Odalv

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Quote from: Spekulatius on October 17, 2013, 01:25:31 PM

Quote from: MAbtc on October 17, 2013, 01:18:51 PM

Hmmm, interested to hear what people think about this, in regards to price action. I have no idea what to think anymore after the market reaction to the SR bust.

Same here

I guess to estimate the impact this may have we need to find out
- How many BTC there were in the user wallets
- When users get their BTC back (according to site administrator in the next few days)
- If there are any alternatives for users to goto (except for Sheep Market Place with gaping security holes IDK)

I'm sure than nobody who once understood power of bitcoin will convert it back into fiat.

MAbtc

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Quote from: Spekulatius on October 17, 2013, 02:26:26 PM

Quote from: TERA on October 17, 2013, 01:37:11 PM

The Chinese do not even use drugs!

Proof? I think the idea of hidden anonymized market places would work everywhere as good and would be equally appealing. Maybe you just dont know about them because they are in Chinese?

I have a lot of Chinese family. Having said that, my experience is obviously anecdotal. But my feeling has always been that there is a much stronger emphasis on legality among Chinese than say, people in the US. Lots of gambling, booze and tobacco -- but in my experience, I have seen very little interest in drugs.

Spekulatius

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Quote from: TERA on October 17, 2013, 01:37:11 PM

The Chinese do not even use drugs!

Proof? I think the idea of hidden anonymized market places would work everywhere as good and would be equally appealing. Maybe you just dont know about them because they are in Chinese?

joesmoe2012

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Ching-Chang;Ding-Dong

Sheep marketplace is down too right now isn't it?

TERA

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The Chinese do not even use drugs!

MAbtc

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Activity: 826

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I saw something about the owner of BMR planning to rebrand and come back, but was not clear on the time frame. Is Sheep Market Place the only other? I'm sure some users would keep their funds in bitcoin, but hard to say what %.

Spekulatius

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Quote from: MAbtc on October 17, 2013, 01:18:51 PM

Hmmm, interested to hear what people think about this, in regards to price action. I have no idea what to think anymore after the market reaction to the SR bust.

Same here

I guess to estimate the impact this may have we need to find out
- How many BTC there were in the user wallets
- When users get their BTC back (according to site administrator in the next few days)
- If there are any alternatives for users to goto (except for Sheep Market Place with gaping security holes IDK)

MAbtc

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Activity: 826

Merit: 508

Hmmm, interested to hear what people think about this, in regards to price action. I have no idea what to think anymore after the market reaction to the SR bust.

SheHadMANHands

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There's a whole Reddit that's been up for a few hours on this:
http://www.reddit.com/r/Bitcoin/comments/1on9v0/black_market_reloaded_closes_its_doors/

Looks like re-opening in a month. Also, people are working on a decentralized solution, so I hear...

Spekulatius

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I cross post my post from Bitcoin Discussion here:
https://bitcointalksearch.org/topic/m.3357205

https://fec33nz6mhzd54zj.onion.to/viewtopic.php?id=9394

BMR owner backopy writes today:

Quote from: satoshi on January 20, 2010, 05:05:28 PM

arnie420 Today 13:45
omg no! this is like my worst nightmare came true fuck just when i thought the dust from sr settled...

Quote

backopy Today 13:45
I hire hits on nobody, it's just sad that someone is running a VPS to peek its contents to pretend to be a hacker.

Quote

mikezolinski Today 13:46
So this is it? It's over?So this is it? It's over?

Quote

backopy Today 13:48
Yes, I'll be building BMRv5 and come back in the future but the roadmap is still long.

So what does this entail for price? In the next few days lot of Bitcoins are going back to BMR buyers/sellers. With it the last online blackmarket powered with BTC, I know of, closes down:
SR: servers seized, owner on trial, users being prosecuted;
Atlantis: closed down, potential scam;
Sheep market place: Massive security breach,
BMR: Massive security breach, closed down.

There are none left for buyers/sellers to go to, at least no place I know of. Does this mean we will see a lot of dumps in the next few days as users withdraw their BTC balances and turn them into something they can buy their drugs with (fiat)? How much BTC was on their wallets anyway?

-edit- site owner put site backup over relieved concerns of insecurity.
http://atlantisblog.org/black-market-reloaded-back-online-after-false-alarm/

Topic: Black Market Reloaded closes doors, restitutes all BTC balances! -edit- reopened - page 2. (Read 4500 times)