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Author Topic: 2013-01-18 paymentssource.com - Forget Bitcoin — Is 'Tor' the Best Way to Anonym  (Read 1432 times)
julz
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January 22, 2013, 11:09:36 PM
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Forget Bitcoin — Is 'Tor' the Best Way to Anonymize Digital Payments?

Bailey Reutzel
2013-01-18

http://www.paymentssource.com/news/forget-bitcoin-is-tor-the-best-way-to-anonymize-digital-payments-3012989-1.html

The concept of making anonymous online transactions is in the spotlight because of the prominence of the digital currency Bitcoin, but most consumers remain uneasy with the cryptocurrency's instability and risk. An alternative for the privacy-minded might sprout from Tor, or The Onion Router.

...
In payments, Tor could enable consumers to make purchases online with bank-issued cards or with systems such as PayPal, while also hiding their location. Consumers might do this to avoid price discrimination, but they would not be completely anonymous.
...
So what's holding Tor back? For one, it shares many of the stigmas Bitcoin does. Just as Bitcoin has earned a reputation as a tool of drug dealers and other illegal activities, Tor is used to conceal illegal online activity.
...





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nimda
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January 22, 2013, 11:31:22 PM
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What in the hell?

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
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January 23, 2013, 12:35:35 AM
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Tor could enable consumers to make purchases online with bank-issued cards or with systems such as PayPal, while also hiding their location.
Login to PayPal with Tor = Instant limited

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January 23, 2013, 01:31:50 AM
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Mmmm ok, they wouldn't be 'completely anonymous' hmmm ok, maybe because they'd be entering their name? mmmmmk.

But yeah, forget bitcoin at your peril silly website.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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January 23, 2013, 02:37:27 AM
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 PayPal over TOR as an alternative to Bitcoin indicates desperation on the part of whoever wrote this article.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
DeathAndTaxes
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January 23, 2013, 02:40:11 AM
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Wow.  That "press" article wins the award for "stupid of the day".

Who knew buying something with your bank card or PayPal account (which has been opened with name, address, social security number, and possibly credit check, etc) is instantly private as long as you use TOR.  

Someone should let the SR know.  BANK WIRES, CC, ACH, hell Direct Deposit from your employer + TOR = insta privacy shield.   I am sure the DEA is going to be pissed this reporter let the best kept secret out of the bag.
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January 23, 2013, 11:35:14 AM
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I wish it to be known I have read that article over TOR, so therefore it was much better when I read it then when all you other lowbies read it because you don't have as high level a TOR as I do.

Moral of the sTORy: TOR makes everything better. Except Bitcoin.

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January 23, 2013, 03:54:22 PM
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PayPal over TOR as an alternative to Bitcoin indicates desperation on the part of whoever wrote this article.
+1 to this lol
This article has so much levels of fail!
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January 23, 2013, 05:57:21 PM
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PayPal over TOR as an alternative to Bitcoin indicates desperation on the part of whoever wrote this article.
+1 to this lol
+1

Indeed it's hard not to interpret such non-sense as a desperate attempt to dissuade people from using bitcoin.
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January 23, 2013, 07:33:14 PM
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I wish it to be known I have read that article over TOR, so therefore it was much better when I read it then when all you other lowbies read it because you don't have as high level a TOR as I do.

Moral of the sTORy: TOR makes everything better. Except Bitcoin.

Not true. Bitcoin through Tor is definitely better.

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Mike Hearn
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January 23, 2013, 10:48:25 PM
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Actually the authors have a point. Read up on the Farmers Market and how the operators were eventually found by law enforcement.
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January 24, 2013, 10:33:10 AM
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I wish it to be known I have read that article over TOR, so therefore it was much better when I read it then when all you other lowbies read it because you don't have as high level a TOR as I do.

Moral of the sTORy: TOR makes everything better. Except Bitcoin.

Not true. Bitcoin through Tor is definitely better.

My sarcasm ;/

Are you aware the douches are floating this theory whereby paypal + tor is "better than bitcoin", as if the comparison isn't bitcoin + x  > paypal + x, for any values of x, simply because bitcoin > paypal.

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