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

[ChartBuddy]

Explanation

[Chalkbot]

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.

I think you answered your own question here.

[Tzupy]

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 avoid getting shot.

FTFY.

[NotLambchop]

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.

[LFC_Bitcoin]

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 avoid getting shot.

FTFY.

I see what you did there

[empowering]

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)

[NotLambchop]

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
...

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

[oda.krell]

a couple of tor sites seized =/= entire system collapsing/being government seized

put the Drama-Queen Mode: Off

It's bad. If you don't have a black market, a market that draws consumer demand but where the vendors don't convert all of their proceeds into fiat, then what are you left with? Major retailers (who dump the second somebody spends their coins) and Wall Street (who can make a hell of a lot more money through dumping than pumping... it's easier, less risky, and very lucrative to sabotage).

It's bad. It may actually work to your benefit in the short-term, but it is very bad and getting worse -- that much be said.

I'm not going to advertise their names, but if you think there are no more (established) Bitcoin taking darknet market places, you are mistaken.

There are. It still doesn't make bad news good news. It makes bad news less bad news unless you expect those other sites to absorb 100% of the SR 2.0, et. al. customer base. Also, at what point do those other sites just decide it's not worth it or get shut down themselves (OpenBazaar might be promising on this front as they are better equipped for evading authorities). I guess I am just saying... don't skip down the street and declare something poignantly bearish as bullish... don't be delusional.

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.

[empowering]

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
...

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

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)

[spooderman]

@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.

[riiiiising]

Bitcoin, the future of black market trade!

Because, you know, it makes perfect sense to use an "Internet cash" that can be traced to your IP address by authorities with little trouble. And then, buy drugs online and provide your post address to a central party, where thereby it can be easily collected once the site is busted.  

[NotLambchop]

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
...

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

Yes dear <snip>

Are you an aging queen IRL?



Thanks for the boss opsec advice, tho.  Very valuable.  Ever thought of writing a book?

[spooderman]

Bitcoin, the future of black market trade!

Because, you know, it makes perfect sense to use an "Internet cash" that can be traced to your IP address by authorities with little a lot of trouble. And then, buy drugs online and provide your post address to a central party seller, where thereby it can be easily collected once the site is busted is never found, unless they find the seller and he/she was stupid enough to leave your unencrypted address somewhere in their house.

so much wrong.

Fixed it for you.

[spooderman]

Have you used bitcoin before?

[79b79aa8d5047da6d3XX]

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

Congratulations, that constitutes probable cause. All your communications are now being closely followed. Jurisdiction is irrelevant. The recordings of all your phone, cell phone and internet useage during the past five years will be analyzed for possible illegal activity. You should assume that encryption provided by your VPN is backdoored.

[empowering]

Bitcoin, the future of black market trade!

Because, you know, it makes perfect sense to use an "Internet cash" that can be traced to your IP address by authorities with little trouble. And then, buy drugs online and provide your post address to a central party, where thereby it can be easily collected once the site is busted.  

As a paranoid customer you could use the method I outline above also, and have your goods delivered to a block, with communal post, with a fake name.  

(again just a thought exercise)

(In reality as someone posted above, it is far easier to walk down to your local bar, chat to your local friends, and get whatever one could need within minutes, at leas this is the case in most cities around the world, in my experience, and is certainly true of London. No shootings, no stabbings (sure they happen, usually gang related/organised crime)

 In my local area, and all over London and much of the U.K to be honest the police, do not care much about use, and less and less about low level distributors, unless they fall into their laps, which they often do. The government may say in public that they care, but they seem to have gone so far off the boil in that respect that it is laughable, and also they really do know that in 100% of the bars and restaurants and clubs in London, drugs are freely available pretty much every night of the week, these people are not even hiding,  and more to the point in London now, from the dustman, to the judge, to the doctor, to the police officer , to the office worker, from the working class the middle class and to the rich , drugs are everywhere, and I mean everywhere. In the UK there is very little social stigma attached anymore to the issue (behind closed doors)

The reality of it is drug use will slowly become decriminalised and reclassified and replaced by education, controls, production and taxing. And after all why not, it is the only thing that will work in reducing the harm that goes hand in hand with the illegal global drug trade. It will reduce crime, reduce income for organised crime, and reduce the cost on the tax payer both in terms of health and policing/incarceration, and will eventually overtime via education make drug abuse less likely/harmful.

[macsga]

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

Congratulations, that constitutes probable cause. All your communications are now being closely followed. Jurisdiction is irrelevant. The recordings of all your phone, cell phone and internet useage during the past five years will be analyzed for possible illegal activity. You should assume that encryption provided by your VPN is backdoored.

That makes sense. Like we're not monitored anyway...
Seriously now, anyone who knows THE BASICS of online security won't go ONLINE to do ANYTHING illegal. Online and secret consist a schema oxymoron.

[empowering]

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

Congratulations, that constitutes probable cause. All your communications are now being closely followed. Jurisdiction is irrelevant. The recordings of all your phone, cell phone and internet useage during the past five years will be analyzed for possible illegal activity. You should assume that encryption provided by your VPN is backdoored.

Yes,  no shit? and to think I had not thought about that, nor that I assume my communications are already monitored along with everyone elses.

And what will they achieve? absolutely sweet fuck all.... they will waste their time and resources and at the end of it have an idea that I like to eat, sleep, shit, work, talk on forums, fuck, drink and occasionally on special occasions get high... tbh they could just ask... it would be less hassle.

If they want to send a special access team over, the key is under the mat.

[macsga]

Congratulations, that constitutes probable cause. All your communications are now being closely followed. Jurisdiction is irrelevant. The recordings of all your phone, cell phone and internet useage during the past five years will be analyzed for possible illegal activity. You should assume that encryption provided by your VPN is backdoored.


Yes,  no shit? and to think I had not thought about that, nor that I assume my communications are already monitored along with everyone elses.

And what will they achieve? absolutely sweet fuck all.... they will waste their time and resources and a the end of it have an idea that I like to eat, sleep, shit, work, talk on forums,  fuck, drink and occasionally on special occasions get high... tbh they could just ask... it would be less hassle.

If they want to send a special access team over, the key is under the mat.

LOL. Priceless answer

[ChartBuddy]

Explanation