Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24694. (Read 26713795 times)

@Blitz wtf? Bitstamp make their money (and lots of it) from commission, not the price of BTC. What they like is volume not high prices.

Yes dear, and not following a-i will get one to that jail lifestyle in quick form, is my point, that is all.

Also I would not suggest doing the above for your weekly online shopping, just for your illicit internet business, if that was ones choice of lifestyle.

They say crime pays, but it does not pay for doing nothing.

Personally it all seems like hard work, I will give you that, but just saying if you were going to do it, and stay "safe" the above would be the bare minimum even for an amateur imo.

Also really I do not think the closing of, or opening of, SL2 or an new SL3, 4, 5 etc or openbazaar, matter a crap for Bitcoin anymore.

(also the above steps are not actually very difficult, the hardest being the silence, and the dealing with lunatics that would be your connection to the source- far more  hassle than the privacy measures I outline above)

There's no such thing as events that are unconditionally "bullish" or "bearish". That's exactly the point Blitz was making (I think ).

SR bust #1 last year was hugely bearish! Remember the crash? Remember what followed after that crash?

Merchant adoption, the way we've seen it all throughout late 2013, 2014 is hugely bullish! Finally, what we always wanted: a way to spend bitcoins. What did it do to price? Adds selling pressure, not much else for now.

Get it? Event X can have a positive effect on price short term, negative mid term, and be inconsequential long term. Taking down SR2 right now probably has more of a bullish effect short term, if for no other reason than that there's the Nov 2013 precedent.

Longer run? I don't think Bitcoin should be the cryptocurrency of choice for darknet shenanigans anyway, in the long run, but I'll leave it to others to plug their favorite privacy enhanced alt.

j) after following (a) through (j) for any length of time, going to jail will seem like a lifestyle upgrade.

If a person was going to operate on the dark net, it would make sense to

a) never brag or talk about anything to do with it , ever , in RL, or on the internets, even using a pseudonym
b) never use any RL indentifiers ever
c) use cash bought throw away notebooks, cycle for new every x weeks
d) use TOR but also through a fresh temporary OS live install from a USB , i.e TAILs or live linux distro - close down after every use
e) never use their own internet connection or one tied to you in anyway (even better super dark satellite phone in a moving car on motorway)
f) have a distributed distribution network (the weakest point and really to pull off needs organised connections)
g) create brand names but cycle their darksite operations (better yet use openbazzar etc in future)
h) be paranoid and reclusive
i) not get involved unless they have super discipline


The weakest points being dealing with the distribution, or even dealing with the distributor(s), leaking your info, and your tumbling laundering process.

It seems to me that the days of online darknet blackmarkets, has only just started to get its shoes on... it has just started and up until now, it appears it has been run by amateurs and on a small scale with little real organisation behind it... this will change IMO.

(A thought exercise)

I see what you did there

FTFY.

I think you answered your own question here.

Explanation

Still don't get why people buy drugs online.
What happened to ringing friends, asking for a contact, ringing a dealer & meeting them in a car park or some shit.
Who wants to wait to get their stuff delivered.

Nice to see Bitstamp and BFX leading the way this time 

The other day Alaska, Oregon, and Washington, D.C. all legalized marijuana, joining Colorado and Washington state.

At the same time, California decriminalized possession of even heroin, cocaine, and most other scheduled drugs.

Prohibition is ending.

I guess the feds are packing in all the fun they can while it lasts.

I saw something about the admin having registered the website in his clear name. Seems it's still amateur hour.

Obviously, this is no job for the average nerd. Eventually there'll be markets run by either by mafiosi or by someone with a background in SIGINT. Someone like Satoshi Nakamoto.

What was the giveaway this time? Last time was DPR as good as openly boasting about Silk Road.

Surprised they are getting caught with all the mixing services available. At some point there has to be a conversion to fiat so maybe that was the weak link.

Come on, give the FBI their dues. It's a little unfair to compare markets regardless of size. They picked the biggest fish. I'm sure the percentage is over 50% if you go by the amount of buyers, sellers and goods.

If FBI agents are reading this, great work everyone involved! Enjoy the hash!

They are catching drug dealers in RL every day everywhere by the ton from one century. Did that reduce the drug market?
If Tor sites will be proven unsafe they will move on to a safer platform. Probably alternatives are already available.

Last year there were 4 operating markets and one got busted.

This year there were 18 operating markets and 3 got shut down.

Odds of getting busted fell from 25% to 17%.

Sure.  We've seen retro crazes before.  Who knows, maybe old-timey digital currencies like Bitcoin will be the pinnacle of hipster cool one day

How long until the next bust? Will the users have their identities revealed to law enforcement? One bust is a fluke. Two busts is worrying. Three... One may start to think the online drug market business is too risky.