Author

Topic: Black Market Reloaded closes doors, restitutes all BTC balances! -edit- reopened (Read 4529 times)

hero member
Activity: 540
Merit: 500
BMR is back open, security not compromised.
legendary
Activity: 2338
Merit: 2106
legendary
Activity: 1904
Merit: 1002
It doesn't appear to be affecting price i.e. people aren't panic selling. So much for the "bitcoin rides on silk road/illegal drug sales" trolls.

In fact, people aren't even panic-selling because "omg all internet druggie dealers are gonna go on and sell their BTC for fiat in the next few days and then transfer it to their bank account where they can explain to teh IRS how they made all that money"  
Looks like speculators have already discounted that as "chicken little bullshit."

Shut up Bitch!
wooo, wtf is going on here
what did Ashley say? seem perfectly respectable to me

what's wrong fleabag?

She is just a pain in the arse!

U mad?
member
Activity: 98
Merit: 10
It doesn't appear to be affecting price i.e. people aren't panic selling. So much for the "bitcoin rides on silk road/illegal drug sales" trolls.

In fact, people aren't even panic-selling because "omg all internet druggie dealers are gonna go on and sell their BTC for fiat in the next few days and then transfer it to their bank account where they can explain to teh IRS how they made all that money"  
Looks like speculators have already discounted that as "chicken little bullshit."

Shut up Bitch!
wooo, wtf is going on here
what did Ashley say? seem perfectly respectable to me

what's wrong fleabag?

She is just a pain in the arse!
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
It doesn't appear to be affecting price i.e. people aren't panic selling. So much for the "bitcoin rides on silk road/illegal drug sales" trolls.

In fact, people aren't even panic-selling because "omg all internet druggie dealers are gonna go on and sell their BTC for fiat in the next few days and then transfer it to their bank account where they can explain to teh IRS how they made all that money"  
Looks like speculators have already discounted that as "chicken little bullshit."

Shut up Bitch!
wooo, wtf is going on here
what did Ashley say? seem perfectly respectable to me

what's wrong fleabag?
member
Activity: 98
Merit: 10
It doesn't appear to be affecting price i.e. people aren't panic selling. So much for the "bitcoin rides on silk road/illegal drug sales" trolls.

In fact, people aren't even panic-selling because "omg all internet druggie dealers are gonna go on and sell their BTC for fiat in the next few days and then transfer it to their bank account where they can explain to teh IRS how they made all that money" 
Looks like speculators have already discounted that as "chicken little bullshit."

Shut up Bitch!
sr. member
Activity: 448
Merit: 250
This is bearish news. The Chinese want a drug-free bitcoin.

The chinese government can want whatever they want, but their users will continue to use BTC no matter what.

A bitcoin with which you can purchase drugs is strictly better than a bitcoin where you cannot from an economic perspective.
hero member
Activity: 728
Merit: 500
"Big things for feathercoin"
legendary
Activity: 1372
Merit: 1000
--------------->¿?
This is bearish news. The Chinese want a drug-free bitcoin.

I want a drug-free USD Roll Eyes

and I want a joint.


so what now?

should i buy an Altcoin Huh

 Cheesy

Use dirtyusagecoin for your dirty purpose!
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
This is bearish news. The Chinese want a drug-free bitcoin.

I want a drug-free USD Roll Eyes

and I want a joint.


so what now?

should i buy an Altcoin Huh

 Cheesy
legendary
Activity: 1372
Merit: 1000
--------------->¿?
This is bearish news. The Chinese want a drug-free bitcoin.

I want a drug-free USD Roll Eyes
hero member
Activity: 728
Merit: 500
This is bearish news. The Chinese want a drug-free bitcoin.
sr. member
Activity: 448
Merit: 250
Lol @ month until recovery.
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
BMR back up now?  Think I got whiplash on that one.
sr. member
Activity: 448
Merit: 250
It doesn't appear to be affecting price i.e. people aren't panic selling. So much for the "bitcoin rides on silk road/illegal drug sales" trolls.

In fact, people aren't even panic-selling because "omg all internet druggie dealers are gonna go on and sell their BTC for fiat in the next few days and then transfer it to their bank account where they can explain to teh IRS how they made all that money" 
Looks like speculators have already discounted that as "chicken little bullshit."
sr. member
Activity: 448
Merit: 250
It seems like another one will pop up for sure. These sites can't be that hard to run, all you need is a basic script allowing people to send messages & post listings which seems pretty trivial, a coin mixer algy, and some anonymous .onion hosting. The most important ingredient is trust, not coding knowledge or money, so it seems like another trusted entity involved with this type of thing is bound to create another marketplace.
full member
Activity: 224
Merit: 100
legendary
Activity: 1414
Merit: 1000
If you have bitcoin then you do not need BMR, SR,  Sheeps ... (they are useful but not required)
 1. seller just leaves message on forum "SR(I'll sell a milk) - ${his public key}"
 2. customer will reply with message encrypted by this public key (message can contains new keys for next comunications)
legendary
Activity: 1022
Merit: 1000
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.

Ok, I guess the whole opium stereotype is outdated, but there sure are alot of illegal things that Chinese people cannot buy on the open market, like religous accessory, censored books & movies, banned animal parts for traditional medicine (I guess), or simply plainly illegal goods such as stolen or forged identity cards, bank accounts or credit cards.
legendary
Activity: 1022
Merit: 1000
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 Wink

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.

Unless you run a business dealing illicit substances.. Cool
legendary
Activity: 1414
Merit: 1000
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 Wink

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.
hero member
Activity: 826
Merit: 508
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.
legendary
Activity: 1022
Merit: 1000
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?
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Sheep marketplace is down too right now isn't it?
hero member
Activity: 728
Merit: 500
The Chinese do not even use drugs!
hero member
Activity: 826
Merit: 508
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 %.
legendary
Activity: 1022
Merit: 1000
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 Wink

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)
hero member
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.
legendary
Activity: 1168
Merit: 1000
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...
legendary
Activity: 1022
Merit: 1000
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:

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/
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