Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Wandererfromthenorth]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

The real life address was PGP encrypted only the vendor could see it.

[Erdogan]

... (Otherwise he could have pre-mined a few thousand blocks in advance, in secret, and use them later to steal other people's bitcoins.) ...

hhmmm? and how on Earth would he do that ?

He posts the genesis block of the secret chain, without the headline, mines a million bitcoins, and spends them all to buy a pizza and a coke.  The pizza parlor waits, say, six confirmations before delivering the pizza.  At that time the chain is N blocks long.  Then he posts the first N+1 blocks of the secret blockchain, according to which his million coins were not paid to the parlor, but just moved to another address of his own.  This chain is adopted by the network, since it is one block longer than the legitimate one.  Now he has a pizza and a coke, and still has all of his million bitcoins; whereas the parlor's address is now  empty.

That is an altcoin.

No: if it starts with the same genesis block, and is longer, that blockchain is bitcoin, by definition; and the blocks in the other (legitimate) branch are orphan blocks, ignored.

[...]

Correction: That is an orphaned chain.

[NotLambchop]

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

There is nothing to solve, if the package is stopped you can simply deny having ordered it. Case dropped.

Lol, you have absolutely no clue how this works IRL, amirite?

[octaft]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

Is someone sending you a package sufficient proof you ordered said package to base a prosecution on?

An undercover delivers it to your house, has you sign for it, then they bust you in a couple days and use the fact that you opened the package without calling the police against you. Usually they do that only for sizes that show an intent to distribute. Small amounts obviously intended for consumption are just confiscated and a nice letter saying they found contraband in your package and removed it is sent to you.

[oda.krell]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

Is someone sending you a package sufficient proof you ordered said package to base a prosecution on?

If the package is intercepted, and this happens more than once, I'm pretty sure a prosecutor could at least argue towards that. Let alone begin investigating deeper into how that order was placed. Let's not forget, afaik, payment on those sites is done by BTC. Not exactly hard to trace. "Trace back to where" is less obvious, but I do wonder if everyone who orders makes sure to mix his coins in some way, or only use OTC bought coins...

Not saying it's likely to happen (justusranvier's comment applies), just that I don't imagine it's a solid defence once you receive drug shipments to your home address with some regularity.

[fonzie]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

Almost all of the vendors on SR demanded PGP so "only" they are in property of your address and not SR .

[Erdogan]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

P2P solution: Thousands of trucks driving all over the place, dropping off packets at random houses, and picking up packets, until a packet by luck some day comes to the right customer.

[oda.krell]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

Almost all of the vendors on SR demanded PGP so "only" they are in property of your adress and not SR .

But wasn't the point of the last SR bust at least that a number of the largest marketplace vendors were found out as well? Including their customer data, one would assume?

[bassclef]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

Is someone sending you a package sufficient proof you ordered said package to base a prosecution on?

No, it's not. The reasoning is that you could send your enemy a package full of coke, then call the cops on him. Doesn't hold up.

[NotLambchop]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

Almost all of the vendors on SR demanded PGP so "only" they are in property of your adress and not SR .

But wasn't the point of the last SR bust at least that a number of the largest marketplace vendors were found out as well? Including their customer data, one would assume?

The guy was (allegedly) helping DPR run SR.  And didn't walk away after SR got owned.  What was he thinking?!

[fonzie]

It's not the buying of drugs online that puzzles me. Seems to beat the alternative of having to deal with potentially hazardous interactions with drug dealers on the street.

What escapes me is how they solve the problem of having to provide a shipping address at some point. That seems like the real weak point to me, as a buyer. (Yes, I know, PO boxes exist, but to my knowledge, renting one usually requires some form of ID).

Anyone knows how the actual customers solve this dilemma? Hoping they stay below the threshold for being targeted by LE?

Almost all of the vendors on SR demanded PGP so "only" they are in property of your adress and not SR .

But wasn't the point of the last SR bust at least that a number of the largest marketplace vendors were found out as well? Including their customer data, one would assume?

AFAIK they used "traditional" methods to investigate them. The FBI/police ordered multiple packages for themselves and looked at the origin of the stamps that were used on that package; after that they surveil all the post offices in that area for over e.g. 1-2 weeks, lookin at CCTV and so on. Good vendors(that wanted to be safe) changed their postbox frequently.
Of course you can´t prevent that a vendor gives the police his customer adresses(if he hasn´t deleted them), but they didn´t catch more than 2-3 vendors out of hundreds.
After all it´s a black market, not 100% safe  
But in my opinion it´s far more risky to get caught in real life. And as someone else stated in most countries the police can´t harm you if they can´t proove that you didn´t order the package for yourself.
That´s what i heard at least  

[NotLambchop]

...
No, it's not. The reasoning is that you could send your enemy a package full of coke, then call the cops on him. Doesn't hold up.

The reasoning is you get cuffed, printed, and put in lockup.  Then they talk to you and you talk to them

[N12]

Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!

This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.

Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.

[fonzie]

Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!

This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.

Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.

GOD BLESS THE FBI AND THE CRIMINALS!

[N12]

Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!

This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.

Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.

GOD BLESS THE FBI AND THE CRIMINALS!

Indeed! Thanks, Obama!

[NotLambchop]

...Bitstamp criminals decent citizens who value privacy...

FTFY

[oda.krell]

Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!

This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.

Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.

Paypal gets into Bitcoin: bearish

Bitpay and Coinbase shut down: bullish!!!

[conspirosphere.tk]

BTC liquidity/velocity of money really reduces its value IMO.

Probably. Not to say that that market is probably a major factor of btc demand and the only market for real stuff in btc only.

[N12]

Excellent! Probably thousands of coins seized from the criminals that won´t touch the market in the next months!

This is awesome. I hope they shut down the next largest avenue of BTC commerce and freeze every last Bitcoin. BTC liquidity/velocity of money really reduces its value IMO.

Also, Bitstamp criminals only have until next Thursday to buy BTC and GTFO before their shit gets seized by the UK government.

Paypal gets into Bitcoin: bearish

Bitpay and Coinbase shut down: bullish!!!

You got it. Of course, the seized BTC is a ticking time bomb for the future, but the pump is now.

People need to realize that despite their wishes and delusions, Bitcoin is not a currency and it will not be for a long time. Most important properties of Bitcoin: digital, no counterparty, no monetary policy. Bitcoin is the modern incarnation of precious metals, a kind of super silver.

Here is a better way to think about this. Avenues to spend Bitcoin are a way to satisfy selling demand. We need more avenues to buy Bitcoins, most importantly an ETF.

[serpicodk]

You are all very very greedy