Bitcoin Forum
July 21, 2018, 08:59:48 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Dear Would Be Drug Marketplace Operators  (Read 3650 times)
dontCAREhair
Full Member
***
Offline Offline

Activity: 120
Merit: 100


View Profile
November 09, 2014, 11:42:05 PM
 #41

The cult of personality which has existed around SR "leaders" may have inspired trust, but it's been misplaced trust.  Hackings and law enforcement take-downs have happened under the watch of these trusted leaders.

Whenever the shit hits the fan, there's always a big "trust no-one" push and the emerging leaders always tell the community to assume everyone is law enforcement and act accordingly. 

Agreed, mutisig and auditing is the right solution:

https://blog.openbazaar.org/migration-of-our-project-funds-to-a-multisig-address/
I don't think using multisig addresses for openbazaar donations is going to help anything. Anyone that facaliates the sale of illegal drugs (or any other illegal good for that matter) is risking apprehension by law enforcement as well as a lengthy jail/prison sentence
fair bitcoin games | pvp - pve - solo pve games | faucet |
Free satoshi code btcoon500
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1532163588
Hero Member
*
Offline Offline

Posts: 1532163588

View Profile Personal Message (Offline)

Ignore
1532163588
Reply with quote  #2

1532163588
Report to moderator
1532163588
Hero Member
*
Offline Offline

Posts: 1532163588

View Profile Personal Message (Offline)

Ignore
1532163588
Reply with quote  #2

1532163588
Report to moderator
inBitweTrust
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
November 09, 2014, 11:50:53 PM
 #42

I don't think using multisig addresses for openbazaar donations is going to help anything. Anyone that facaliates the sale of illegal drugs (or any other illegal good for that matter) is risking apprehension by law enforcement as well as a lengthy jail/prison sentence

Even if you ignore the incentivization from asset forfeiture, there are real limits to how an organization can fund its operations without sufficient funding. Right now a large amount of funding is done through fines and theft(asset forfeiture). If one uses mutisig addresses than these apprehensions will result in less theft occurring therefore starving the state of these needed funds.

Where will law enforcement make up this loss in revenue?

dontCAREhair
Full Member
***
Offline Offline

Activity: 120
Merit: 100


View Profile
November 09, 2014, 11:59:21 PM
 #43

I don't think using multisig addresses for openbazaar donations is going to help anything. Anyone that facaliates the sale of illegal drugs (or any other illegal good for that matter) is risking apprehension by law enforcement as well as a lengthy jail/prison sentence

Even if you ignore the incentivization from asset forfeiture, there are real limits to how an organization can fund its operations without sufficient funding. Right now a large amount of funding is done through fines and theft(asset forfeiture). If one uses mutisig addresses than these apprehensions will result in less theft occurring therefore starving the state of these needed funds.

Where will law enforcement make up this loss in revenue?
It isn't actually the job of law enforcement to earn certain amounts of revenue, it is their job to enforce the law that the legislature has enacted.

Also if they were going to seize the assets of open bazaar then they could simply seize the keys from two of the four devs (assuming they are using a 2 of 4 multi sig address) to sign/push a TX out of their address
inBitweTrust
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
November 10, 2014, 12:10:09 AM
 #44

It isn't actually the job of law enforcement to earn certain amounts of revenue, it is their job to enforce the law that the legislature has enacted.

Agreed, but that is not where their priorities lie.

Also if they were going to seize the assets of open bazaar then they could simply seize the keys from two of the four devs (assuming they are using a 2 of 4 multi sig address) to sign/push a TX out of their address

Ok, I see where the confusion is. We are both talking about the developers using multisig for their measly 18 BTC to fund development and the future dealers using multisig BTC as part of the open bazaar protocol in order to protect their assets from either the feds stealing it or the developers stealing it.

Are you suggesting you believe the feds will go after developers for creating a non-profit agnostic marketplace? If so why haven't they gone after developers who create torrent software and protocols in a non-profit and voluntary method yet?

tacotime
Legendary
*
Offline Offline

Activity: 1484
Merit: 1000



View Profile
November 10, 2014, 12:18:43 AM
 #45

I don't think using multisig addresses for openbazaar donations is going to help anything. Anyone that facaliates the sale of illegal drugs (or any other illegal good for that matter) is risking apprehension by law enforcement as well as a lengthy jail/prison sentence

OpenBazaar is a protocol, not a one stop shop for illegal drugs. Thus, governments probably can't stop development on it any moreso than they could on BitTorrent. If anything, a crackdown on the software would lead more people to using it and developing for it, e.g. PopcornTime.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
Come-In-Behind
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
November 10, 2014, 12:59:49 AM
 #46

I don't think using multisig addresses for openbazaar donations is going to help anything. Anyone that facaliates the sale of illegal drugs (or any other illegal good for that matter) is risking apprehension by law enforcement as well as a lengthy jail/prison sentence

OpenBazaar is a protocol, not a one stop shop for illegal drugs. Thus, governments probably can't stop development on it any moreso than they could on BitTorrent. If anything, a crackdown on the software would lead more people to using it and developing for it, e.g. PopcornTime.

Exactly, I believe federal agencies are aware of that and that's why they don't just ban everything immediately. They're slowly taking their time as not to cause too much disruption(an outright ban on some services would lead to even more people doing things they don't want). All in all, their take your time approach is better than the outright ban approach and I think all bitcoiners would agree.

axel2078
Full Member
***
Offline Offline

Activity: 178
Merit: 100



View Profile
November 10, 2014, 02:04:10 AM
 #47

dogecoindark.net

already has darknet = untraceable ip crypto.

;]

I don't believe anything is untraceable for the NSA.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!