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Author Topic: Alphabay dark market accepts ethereum  (Read 1719 times)
mining1
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March 19, 2017, 12:05:05 PM
 #1

Ok, this doesn't surprise me. Even though ethereum doesn't have privacy implemented yet in it's core, it's more desirable than other wannabe anonymous cryptos because it's the same for everyone. You don't have to trust a trusted setup for it, which would be extremely risky for a dark market. But it's privacy will be implemented with raiden and zk snarks.
https://www.reddit.com/r/AlphaBayMarket/comments/60355i/alphabay_will_add_etherum_to_its_payment_options/

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March 19, 2017, 02:38:56 PM
 #2

The latest rumor/info was that raiden will be implemented this march, but no confirmation on the exact date yet. This may be one of the main reasons for adding ETH on alphabay, because it will actually scale the network and bring anonymity.
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March 19, 2017, 05:49:03 PM
 #3

So, monero and dash investors, what do you think of this ? ETH seems to be taking market share from the projects you guys invested in ( black market ). It's really laughable to create coins for dark market purposes and lose the battle against another crypto project that didn't even intended to be used that way.
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March 19, 2017, 06:23:58 PM
 #4

Most volume on Alphabay is made by Bitcoin, tiny bit with Monero zero with DASH. You should ask this in Bitcoin part of forum. Probably they are scared of world computer  Tongue

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dwgscale11
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March 20, 2017, 01:24:43 PM
 #5

Zero transactions will be done with Eth, just like ~0 transactions are done with monero. Maybe ~2% of vendors even ACCEPT monero.
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March 20, 2017, 01:27:41 PM
 #6

Zero transactions will be done with Eth, just like ~0 transactions are done with monero. Maybe ~2% of vendors even ACCEPT monero.

well, might be true, but it's always nice to be ahead of the curve...

I'll take that ~0 anytime anywhere

http://www.coindesk.com/danish-police-claim-breakthrough-bitcoin-tracking/

edit: if you ask me, people still using btc for that are plain idiots, these transactions are there in the blockchain forever, written in stone...
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March 20, 2017, 01:28:45 PM
 #7

While Monero makes some sense there, I don't see why would anybody use Ethereum instead of Bitcoin.
Keep in mind that most have cash and would have to buy Bitcoin, then exchange to Ethereum ... I don't see the benefit in that.

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March 20, 2017, 01:31:04 PM
 #8

Zero transactions will be done with Eth, just like ~0 transactions are done with monero. Maybe ~2% of vendors even ACCEPT monero.

well, might be true, but it's always nice to be ahead of the curve...

I'll take that ~0 anytime anywhere

http://www.coindesk.com/danish-police-claim-breakthrough-bitcoin-tracking/

edit: if you ask me, people still using btc for that are plain idiots, these transactions are there in the blockchain forever, written in stone...

Big, big big Amen.
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March 20, 2017, 03:54:37 PM
 #9

While Monero makes some sense there, I don't see why would anybody use Ethereum instead of Bitcoin.
Keep in mind that most have cash and would have to buy Bitcoin, then exchange to Ethereum ... I don't see the benefit in that.
Because of bitcoin's problems of late, (transaction times, fees, hardfork uncertainty) they had to look for alternatives. So ethereum is the best option because it has liquidity and the closest one to implement mass scaling and also privacy. Monero has privacy ( not sure how good it is ) but it won't either scale nor will increase much in value / be very liquid.
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March 20, 2017, 06:38:40 PM
 #10

I don't see why would anybody use Ethereum instead of Bitcoin.

Because you can build all the experimental smart contract ICO tokenized apps on ETH. So many of them in the pipeline now. Ethereum is possibly winning the race for developer mindshare.

Right now we claim that none of these apps will ever get any real world adoption, but we forget the speculators are the users. And now the developers are the users. Programmers matter A LOT.

I don't think Ethereum's technical design and ICO model is the best possible one, but there is nothing shipping now (or about to ship this month) which is unarguably better in app developer mindshare.

Who is in second place? Bitcoin or Steem?

And one or more of those ETH apps may end up causing a mania again. May not happen, but the chance of happening is one of the reasons to hold ETH.
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March 20, 2017, 07:03:05 PM
 #11

From my POV, currently a public crypto project simply cannot work without leadership as some naive people believe. Because in their flawed logic that means centralization ( someone like dinofelis ). Bitcoin is first example, it started anonymous but b-core is leading the development atm and BU is challenging them. If there's no leader, someone will eventually rise. Natural selection.

So, people in crypto projects by importance:

1. Genius programmers that are also natural leaders ( someone like vitalik ).
2. Programmers.
3. Other employees ( aka public relations, marketing, etc )
3. Random contributors / coin holders.
4. Miners. I really don't know why people believe/think it's okay for miners to have power. They provide a service because they make profit. Investors/holders pay real money for something that may prove a bad investment so they take a huge risk, but as a miner you simply can't lose money unless you're dumb and start buying equipment for something that's not profitable to mine. Not to mention they can cause alot of harm, see bitcoin.

@iamnotback so i don't just think programmers matter alot, i think every project needs a vitalik. Someone not just a genius programmer, but someone that can be a leader, someone that people listen to and they respect, someone with high ethical standards that will eventually surround himself with the same kind of people.
Just look at dash their own employees hype the project lol. Someone like amanda.
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March 20, 2017, 07:05:55 PM
 #12

As a comparison, EF has vlad that keeps saying eth is not yet secure and scalable but they're working on it, and projects like dash has amanda who's a delusional shill and hype it. Human quality comparison.
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March 20, 2017, 07:14:24 PM
 #13

Nice to have several options to choose from either way.
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March 20, 2017, 07:37:55 PM
 #14

4. Miners. I really don't know why people believe/think it's okay for miners to have power.

That is actually very astute.

They have no power in my OpenShare design. And I am not referring to PoS either.

1. Genius programmers that are also natural leaders ( someone like vitalik ).

That will be the one who improves on Satoshi's solution to the problem of decentralized consensus. No one has yet.
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March 21, 2017, 01:10:10 AM
 #15

Story is bullshit.
Where is the proof ?
Further more OP you are a shady deceitful ETH shill so your comments are sketchy at best.
Further more more.. your a god damn spammer.
Posting a topic then bumping it right away 2x is a violation of the rules that gets people banned.

i think you're Shilltarded  Roll Eyes

ETH needs to die with fire !

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March 21, 2017, 03:52:33 AM
 #16

ind deep market , dark market, bitcoin still is the best, because anonymous and easy convertion to fiat money
but is good news if deep market in alphabay in payment support use ethereum

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March 21, 2017, 05:30:21 AM
 #17

I think some people are looking to profit from this news by pumping the price the way Monero was pumped last year. Only a fool will decide to use Ethereum for transaction on Dark market ahead of all these anonymous tokens

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iamnotback
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March 21, 2017, 06:38:47 AM
 #18

I think some people are looking to profit from this news by pumping the price the way Monero was pumped last year.

What rock you been sleeping under since 2013?

Of course all the lunch money speculators are here to try to make some profit on speculation.

Only a fool will decide to use Ethereum for transaction on Dark market ahead of all these anonymous tokens

The supermajority of lunch money speculators are FOMO gullible or don't care. Haven't you noticed?
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March 21, 2017, 09:11:36 AM
 #19

I don't see why would anybody use Ethereum instead of Bitcoin.

Because you can build all the experimental smart contract ICO tokenized apps on ETH. So many of them in the pipeline now. Ethereum is possibly winning the race for developer mindshare.
Right now we claim that none of these apps will ever get any real world adoption, but we forget the speculators are the users. And now the developers are the users. Programmers matter A LOT.
I don't think Ethereum's technical design and ICO model is the best possible one, but there is nothing shipping now (or about to ship this month) which is unarguably better in app developer mindshare.
Who is in second place? Bitcoin or Steem?
And one or more of those ETH apps may end up causing a mania again. May not happen, but the chance of happening is one of the reasons to hold ETH.

This is an interesting view.
Since you know programming, is Ethereum code as bad as some say? Did you look into it?
I somehow live with the idea Ethereum is too big, too buggy to hold for a long time. The bold area can be interpreted in so many ways.. Smiley


ETH needs to die with fire !
Many coins deserve that, although your list and mine may differ.
Compared with many other coins, Ethereum came with something new, which should be either replaced by something better, either improved to become really good.
Unfortunately I don't see any of the two happen...

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iamnotback
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March 21, 2017, 09:28:19 AM
 #20

Since you know programming, is Ethereum code as bad as some say? Did you look into it?
I somehow live with the idea Ethereum is too big, too buggy to hold for a long time. The bold area can be interpreted in so many ways.. Smiley

I am shilling for ETH a bit (so factor that in), but I'll try to be objective.

I studied the DAO bug but I haven't studied Ethereum code nor its smart contract language (virtual machine) closely.

I know there is research into proving more invariants, but the fact is that it is impossible to prove all the invariants. This is why Bitcoin is very, very cautious about adding new opcodes because as Craig Wright pointed out (which both Gmaxwell and Nick Szabo didn't understand) that even Bitcoin's scripting is Turing complete because the looping (unbounded recursion) can occur in the composition of invocations of transactions, i.e. the blockchain is the unbounded tape (memory).

So the point is that smart contracts opens up a hornet's nest of potential vulnerabilities.

So as I said, if i see a huge (e.g. $100 million) amount of ETH value in one smart contract again, I will sell ETH. But as long as they keep the risk spread out over many different contracts, then the hacking of any one contract is not likely to have a very great impact (although it would probably scare n00b speculators and cause a temporary selloff).

I do expect Ethereum's code is much less polished than Bitcoin. But that is risk we pay for being able to move very quickly forward on experimentation. And the experimentation which may end up producing a killer app for blockchains. We don't know when another DAO-like mania might kick on.

If not for the Bitcoin Unlimited attack on BTC, I would not have diversified into ETH, but now it looks like Bitcoin is stalled and in uncertainty, so as a diversification token the only choices with sufficient liquidity are ETH, LTC, and XMR. It is alleged that DASH is a pyramid with fake liquidity (and although Ethereum may also have a R3 agent market manipulator, the market for ETH tokens appears to be more diversified/aggregate than for EvanIncCoin).

I don't think Ethereum has the best possible design we can do for apps and smart contracts. I say that because I am biased and am working on my own project. But comparing someone's ideas for vaporware to the available projects you can invest in now, is not very useful. As of right now, it seems Ethereum has the most new apps and ICOs being created on its platform. Most of us believe these apps are just gimicks to take ICO money from speculators. But maybe that is the killer app (gambling)? Any way, we can't predict the future. The creativity of humans is basically unpredictable. There is a lot of experimentation going on. I can't even keep track of all of it. I can't be in Slack all day monitoring dozens of decentralized app projects.

Note I haven't studied Ethereum closely at all. I don't have sufficient time to do that. It might even be that the clients and wallets suck so bad that I am really mistaken. But one thing I do know, they seem to have academics in their back pocket (e.g. hackingdistributed website) and they can generate a lot of promotion when they decide to announce a new release. Also their community is very enthusiastic. There is  lot of energy still in that community, although it is a bit drained or subdued from the DAO attack. But perhaps that more reserved "wall of worry" is the what we should see early in another nascent pump.

I could be mistaken about ETH. I was pressured to diversify because of the Bitcoin Unlimited attack on BTC. Also because I've seen a lot of money moving into the Top 5 or so altcoins since Bitcoin made this ATH. I would have preferred to stay 100% in BTC, because I don't have sufficient funds at risk and time to justify doing detailed research on altcoins. Because I want my head in the sand focused on my own project and programming work. Basically I see my project as a competitor on the concept of blockchain apps, so I want to diversify my funds into holding my competitors in case they beat me to the market. Thus I hold some ETH and STEEM. For ETH I expect it to outperform BTC near-term. With STEEM I hold a small marketcap, just in case the dice happens to land on snake eyes.

Edit: currency has value because of confidence, so in that respect BTC being more polished and reliable would be the wisest choice. But I don't think blockchains are going to be about only currency. Ethereum's community also thinks this way.

Edit#2: Evidence that the community is more cautious: http://www.coindesk.com/bug-discoveries-hinder-launch-of-new-ethereum-domain-app/
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