Bitcoin Forum

Seriously this totally pisses me off! Why are drug dealers using this currency which can be untraceable and unlinkable if proper security measures are taken with it? This is totally going to scare away Grandma Smiths Home Made Cookie vendor from using Bitcoin! And we all know that if it were not for the drug dealers Grandma Smith would totally love to use a complex open source virtual currency peer-to-peer network to accept virtual non-backed currency. Grandma Smith totally has an incentive to use this currency because her customers totally want to learn how to use a complex massive distributed P2P network to send untraceable unlinkable virtual coin payments for their cookies.

Corrected.

Just like drug dealers using cash scare people away from using banknotes? ::)

Grandma Smith is cultivating seeds in the back garden.

If you could actually know this to be so, then either you are the dealer or the system doesn't work.

Poe's law:

Maybe Grandma has normal age-related arthritis...
And is buying meds on the internet to manage her symptoms...
Because her doctor is afraid to prescribe appropriate medications...
Because the Government has demonized and criminalized virtually all drugs...
That are not Billion Dollar Cash Cows for Crony Pharma Capitalists.

Meanwhile, the Government is busy building 100s of minimum security prisons...
So they can lock up Grandma after the FBI seizes all her computers.

Let me clear I'm with legalization, both for med and recreation.

cuz they can?

Do I smell irony or even perhaps a bit of sarcasm?  :o

Wooh! I totally wasn't aware. I'm really uneasy about using cash and/or Bitcoin because people are using it to exchange goods and services that I don't approve of. Isn't there something I could use where everything is monitored and watched by the government so we don't ever do things others don't like?  :P

Sure...

www.PayPal.com

heh

I fixed the error.

Welcome stzee, others may disagree, but the more humor and sarcasm in this board the better IMHO. Keep up the good work, cant believe so many took the bait.

He's a troll.

/thread.

Andy Greenberg, Forbes Magazine (http://www.forbes.com/forbes/2011/0509/technology-psilocybin-bitcoins-gavin-andresen-crypto-currency.html):

People are the weakest link in any organization's security -- even a criminal one like a drug distribution network.  Law enforcement was able to catch dealers when they use cash... what makes people think BitCoin will hinder law enforcement efforts?

I was thinking about illegal trade activities and I suddenly started to wonder if the BTC market would eventually start to divide so that pristine, newly generated coins would be more expensive than coins that have gone through many transactions. Maybe there could even be a scheme where newly generated blocks could be used to buy drugs without making a transaction; the private keys would be exchanged for the (illegal) products and then the vendor would cash the money just as if he was the originator. This would require a high level of trust between the participants, of course. But it would still be safer than dealing with large amounts of actual paper money.

The problem with bitcoins is traceability, but if the dealing was done with the private keys, no transactions would be needed until someone wanted to exchange their BTCs for an officially recognized currency.

Drug lords should setup supercomputers. The End.

If people try to pass off older bills at my shop I scowl and ask for a premium. If they get question me I yell "Do you know where those have been?!? I didn't think so. I don't want to be associated with cocaine trade and ladies of impure character!"

There is a pretty easy way to buy coinbase transactions that requires little trust and only the exchange of a public key. I'll leave the rest as a thought experiment, but there will probably be an implementation soon.

You can already sell "freshly minted" coins for a premium.  There aren't a lot of buyers, but there are a few.

There are also a number of sites popping up to take your coins and mix them around with other people's coins so that they can't be followed back to you.

The thing to watch out for is some politician trying to ban the currency because it's used for illegal activities.  The real reason will be because they can't control it, but stopping drug dealers and money launderers, and (most especially) tax evaders is the reason that they'll give.

bitcoin is cash, get used to it.

new 50BTCs from new blocks will fetch a preimium.

I fail so hard to see why this is BAD. People use cash and you don't see me freaking out. Now i agree people shouldn't sell coke/heroin/meth, but weed is understandable. Next order of business, finding someone who sells bud with bitcoins.

THIS ^^^^^ would be very profitable.

http://g7pz322wcy6jnn4r.onion/opensource/ovdb/ac/viewtopic.php?id=6

Cash requires a physical link. Alice can mail cash to Bob, but then Bob needs to pick it up. Alice can dead drop cash for Bob, but then Bob needs to pick it up. Alice can send Bob Pecunix, but then Bobs Pecunix account can be frozen. Plus there is a trail leading back to Bob. Bitcoin is superior, because it allows Alice to get Bitcoins, then make them unlinkable to her by running them through a mix. Now Alice can send the Bitcoins to Bob, and they can't be frozen. Now Bob can make the Bitcoins unlinkable to his transaction with Alice, and cash them out. There is no more linking Alice and Bob, thus Bitcoin is far superior to cash. Also, if Bob and Alice use Tor, they are untraceable as well.

The more dealers there are, the more competition there will be, the lower prices will be. If you want addicts to stop stabbing little old ladies to death for their social security checks then make it as cheap as beer. You don't see alcoholics stabbing people to get their "fix". The dealers that do exist are heroes. We need more of them, not less.

Bitcoin + Tor + GPG + Mail / Dead Drops are going to make the war on drugs entirely impossible to enforce, particularly if people go the extra mile and use strong security to protect from hacking as well. It is great for freedom, bad for the prison industrial complex. I am seriously excited for the day that they admit defeat. I wish they could also be punished for the evil they do, it seems unfair that in the end they are just incompetent instead of actually punished and suffer some sort of a loss for their evil actions.

Completely agree.  BTW, the link several posts above didn't work.  Any other way to get to it?