Btc and darkweb and liberty reserve | Bitcointalksearch.org

pooya87

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Quote from: Voxo2222 on December 08, 2021, 05:14:28 PM

But after liberty reserve shut down they picked bitcoin.

Welcome to 2021, you seem to be stuck in 2013 ish. Nowadays the dark markets are back to fiat and anon altcoins and bitcoin has mostly been obsolete for illicit activities for years.

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Now question is yes that time the stablecoins was not fully developed best ways ...but after the darkwebs and darkmarkets still used btc ltc and other volatility coins.

I don't see any question here. You made 2 statements that are weird at best but mostly wrong.

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Even the stablecoins was stable why they took the risk to lose all their profit with btc volatility ?

Stablecoin creators have full control over their centralized altcoin and they produce that coin out of thin air and sell it to people for real money including fiat and bitcoin. That is 100% pure profit that you can't make any other way. But only profit for the makers of the altcoin.

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If there was stablecoins wich was stable on value.
Is that they knew that btc will cost a lot more in future and they just holded and then contacted with big instutions who helping them sell it with higher price so from their black market actvities they can earn with btc 10x or even higher profit.

What does any of this have to do with darkweb?!!!

davis196

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1.Liberty reserve was a centralized payment service,which got caught for money laundering and it was shutdown by the authorities.Liberty Reserve was more like Paypal and Skrill,rather than cryptocurrencies.
Comparing cryptocurrencies to Liberty Reserve is simply wrong.
2.I think that you have some kind of obsession towards stablecoins. Grin

3.Stablecoins were created to serve the cryptocurrency market,not to compete with the other cryptocurrencies.
4.Darkweb markets use mostly Monero.Bitcoin can be used on the darkweb,but it has to be mixed thru a BTC mixer.

Poker Player

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I take it not many people replying to this thread have looked at the darkweb stores today and what currency they are paid with. They are paid with Bitcoin or Monero. At least the ones I have seen. And it's not that I visit them a lot, I don't even have Tor installed now but I did look around to see what was there. Logically, whoever uses bitcoin to buy weird stuff must use security measures to avoid being identified.

romero121

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Even now the largest percentage of dark web money being demanded is USD. Earlier bitcoin always gets connected with darkweb, just because it is used as a transaction medium. Even by that time USD was much into illegal transaction. Now people have known about about the good of bitcoin and other cryptocurrencies.

Even now I don't say bitcoin isn't used on illegal needs and on darkweb. There is, but people now people don't connect it much considering its true value and growth. Nowadays once again the importance of bitcoin on darkweb is increasing due to the rise in the price. Earlier they feared of losing against volatility, now they believe in the growth.

DapanasFruit

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Quote from: Yogee on December 08, 2021, 06:35:30 PM

Quote from: Voxo2222 on December 08, 2021, 05:14:28 PM

...Even the stablecoins was stable why they took the risk to lose all their profit with btc volatility ? If there was stablecoins which was stable on value.
Is that they knew that btc will cost a lot more in future and they just hold and then contacted with big institutions who helping them sell it with higher price so from their black market activities they can earn with btc 10x or even higher profit.

I doubt it's about the 10X or 100X why those who operate in the dark web and dark market would use BTC over stable coins as their main currency. It will be like the Liberty case if the Government would close the companies issuing these stable coins like Tether. They cannot do that with Bitcoin since it's too expensive to shut down the entire network.

I now fully get it why dark web players are preferring coins like Bitcoin, LTC and others compared to stablecoins and it is because technically speaking with stablecoins there is a centralized organizations behind it and authorities can easily punch on the organization issuing the stablecoin so they will cooperate with what those in the government may wish to happen. So this all boils down to control...when there is someone or a group controlling something then they can also be controlled by any means possible and this is something which can not be done with Bitcoin. Of course, the speculative value can also come in as a factor, for sure.

Jawhead999

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They don't use stablecoins because the highest volume stablecoins (e.g. Tether, USDC etc) is centralized and can be frozen. Blockchain can be tracked, if they've tracked your coins belong to dark web or dark market, they will freeze your coins. Even DAI is the decentralized stablecoins, but it's will be useless if you want to use it for illegal thing. Don't surprised if you see a police knock at your door, you need to face legal action.

Yogee

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Quote from: Voxo2222 on December 08, 2021, 05:14:28 PM

...Even the stablecoins was stable why they took the risk to lose all their profit with btc volatility ? If there was stablecoins wich was stable on value.
Is that they knew that btc will cost a lot more in future and they just holded and then contacted with big instutions who helping them sell it with higher price so from their black market actvities they can earn with btc 10x or even higher profit.

I doubt it's about the 10X or 100X why those who operate in the dark web and dark market would use BTC over stable coins as their main currency. It will be like the Liberty case if the Government would close the companies issuing these stable coins like Tether. They cannot do that with Bitcoin since it's too expensive to shut down the entire network.

Hydrogen

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Stablecoins like tether are used to purchase bitcoin. It can be hard to exchange balance in a credit card or debit card for BTC instantaneously. If an order for bitcoin is made, it can take time to execute. Non instant purchasing introduces price drift and volatility into the equation. Stablecoins like tether allow for instant purchase, reducing volatility on the consumer side for BTC buy orders.

There is a very strong correlation tether purchasing volume, and bitcoin purchasing volume. When large quantities of tether are bought up, it translates to them being exchanged directly for BTC at a later date. That appears to be their main role in the crypto economy.

Voxo2222

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The darkweb and dark markets used liberty reserve.
But after liberty reserve shut down they picked bitcoin.
Now question is yes that time the stablecoins was not fully developed best ways ...but after the darkwebs and darkmarkets still used btc ltc and other volatility coins.
Even the stablecoins was stable why they took the risk to lose all their profit with btc volatility ? If there was stablecoins wich was stable on value.
Is that they knew that btc will cost a lot more in future and they just holded and then contacted with big instutions who helping them sell it with higher price so from their black market actvities they can earn with btc 10x or even higher profit.

Topic: Btc and darkweb and liberty reserve (Read 154 times)