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Author Topic: 2012-04-30 How online black markets work [csoonline.com]  (Read 1563 times)
jgarzik (OP)
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April 30, 2012, 08:46:57 PM
 #1

Link: http://www.csoonline.com/article/705316/how-online-black-markets-work

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How online black markets work
Corporate investigator Brandon Gregg looks at how bitcoins and Tor make anonymous black markets tick
By Brandon Gregg, CPP

The internet is no stranger to crime. From counterfeit and stolen products, to illegal drugs, stolen identities and weapons, nearly anything can be purchased online with a few clicks of the mouse. The online black market not only can be accessed by anyone with an Internet connection, but the whole process of ordering illicit goods and services is alarmingly easy and anonymous, with multiple marketplaces to buy or sell anything you want.

Understanding how the market thrives—unregulated and untraceable—can give you a better sense of the threats (or resources) that affect you and your business.

[...]

Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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marcus_of_augustus
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April 30, 2012, 10:00:31 PM
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What about your "long arm of Government" Jeff?

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"We are working with the government to make sure indeed the long arm of the government can reach Bitcoin."
--Jeff Garzik, Bitcoin Developer

http://themonetaryfuture.blogspot.co.nz/2011/11/air-guitars-and-bitcoin-regulation.html

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May 01, 2012, 01:25:47 AM
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Not a very good article on how to stay anonymous using bitcoin to buy illegal goods.

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