Ultimate glossary of crypto currency terms, acronyms and abbreviations
People had been speculating since the dawn of crypto when the world’s largest online marketplaces, the ones of the Amazon caliber like eBay, Etsy or AliExpress, and, well, Amazon itself, would start to accept cryptocurrencies. There were a slew of rumors, opinions, and theories thickly interspersed with false reports popping up here and there of Amazon and its little cousins being on the verge of embracing cryptocurrencies. On top of that, someone has actually posted a petition on change.org to add Ether to Amazon as a payment method. by StealthEX Long story short, that was a waste of time. High hopes fell flat, and people lost religion. But not all. As the common wisdom goes, when hope dies, action begins. This exposition describes one such effort which tries to bring to fruition the idea of a decentralized marketplace for trading goods and services. And as you might have already figured it out, with a cryptocurrency as a means of payment. So let’s welcome Particl Marketplace and see what it has to offer – and what Amazon has missed.
What is it, in simple words?
Particl Marketplace is an online marketplace where you can trade goods and services. Not a big deal, you may think. However, what distinguishes it from places like Amazon as well as cryptocurrency-enabled marketplaces is the decentralized nature of purchases on Particl. You can think of it as a variety of a decentralized cryptocurrency exchange (aka DEX) where trades are being conducted on-chain. But in case of Particl, it is goods and services that are being traded, not fiat or crypto, with deals on-chain as well, fully encrypted and decentralized. Particl is a global peer-to-peer privacy-centered marketplace that uses an automated two-party escrow system. It is crypto-agnostic and designed to work with any cryptocurrency, creating a secure, highly-scalable environment supported by a privacy-focused blockchain-based platform. The team behind the project sees its mission in developing “a new decentralized, private and democratic economy” that is governed by the network of its users, with no central authority or middleman getting in the way. In the project developers’ own words, Particl enables everyone to participate in a free, anonymous exchange of all kinds of goods, without paying any fee and regardless of geographical location. To be sure, you are already thinking about Silk Road and its dark fate, and that the government is going to crack down monumentally on Particl one day. Well, the outcome may vary as the payments on the platform are made using its own cryptocurrency PART, with its laser focus on privacy and anonymity. But more on this later.
How did it grow up?
The development of the Particl project started in early 2017 with the release of the white paper describing the team’s vision for the marketplace, which was shortly followed by a successful seed funding that brought in enough funds ($750,000) to support the development of the project for a year (it turned out sufficient to last for over two years). These donations helped to establish the Particl Foundation, a non-profit Swiss organization with the goal of providing legal protection for the project to ensure its sustained development and compliance with government regulations. It receives 10% of all the staking rewards generated on the Particl network, making the project self-sustainable and free for most uses. Unlike other such projects in the crypto arena, Particl has been using its own blockchain from day one, which happened to be July 17, 2017. It was specifically designed to be crypto agnostic by supporting and working with any cryptocurrency. Additionally, it supported the smart contract tech out of the box, giving users an ability to build all kinds of decentralized applications (dApps) that can be directly integrated into the Particl marketplace. On May 31, 2018, the Particl Marketplace, the Holy Grail of the entire endeavor, was made available for alpha testing on the testnet of the project, which later split into development and stable branches. It went live with the mainnet release of the Particl Open Marketplace on August 12, 2019, which featured Particl Desktop 2.0.0, a client-side application providing user interface and built-in wallet functions. On November 25, 2019, the Particl Desktop 2.3.0 client was released that enabled Bitcoin payments and marked the introduction of untraceable transactions. With the help of the new in-wallet exchange module, everyone can easily swap their bitcoins for the native PART coin. Moreover, the module allows seamless integration of third-party accountless exchange services right into the marketplace, with StealthEX being one of them.
How is it different from other marketplaces?
The common solution many P2P marketplaces implement to protect buyers and sellers from the other party failing to honor their end of the bargain is through third-party escrow, where the “third-party” in the majority of places and cases is the platform itself that the market participants must mutually trust. In short, it is a single point of failure. And the selling (pardon the pun) point of the entire Particl’s marketplace is its decentralized escrow, which is a thing entirely between the two parties engaged. No middlemen allowed here! And these are not empty words. Particl implements the concept best known as Mutually Assured Destruction (aptly shortened as MAD), a military doctrine you are certainly familiar with, and probably even afraid of, that consists in a mutual destruction of two belligerent parties in an all-out nuclear holocaust. If you are curious, the idea stems from the game theory and has a lot to do with the Nash Equilibrium, of John Nash’s fame. In a nutshell, Particl removes the need for a trusted escrow agent by introducing MAD escrow smart contracts. A MAD escrow contract allows to lock funds in a multi-signature address that can be released only if all the parties sign off on the transaction. So both the seller and the buyer lock in the contract an agreed amount for a specified period of time, with the buyer also depositing the payment for the items purchased. The escrowed funds are released when both parties confirm the fulfillment of the agreement. Should one party break the terms, the funds remain locked for good causing a mutual financial loss until both parties agree to sign off. Another crucial aspect of Particl Marketplace is its end-to-end privacy. The problem with conventional marketplaces acting as an escrow agent is that the communication between the parties should be open to the agent for it to serve as an arbitrator. With Particl, it is no longer required, and all messages between the buyer and the seller are encrypted. Despite being public, only their recipient can decrypt them, which effectively makes messages untraceable. This is also where the PART coin turns up quite handy. It enables three different privacy modes, and with the most secure mode, the Anon mode, PART transactions utilize the RingCT privacy protocol, which hides both the amount transferred and the identity of the parties transacting. Accordingly, every part of the entire Particl trading environment is thoroughly decentralized, and the full anonymity of market participants is maintained at all times, making the platform a completely trustless marketplace. Big Brother is no longer watching you. Aside from that, you can stake PART and generate a source of passive income for yourself. Particl uses a custom Proof-of-Stake consensus protocol, allowing you to get a piece of the pie in the form of new coins created at each block according to the scheduled inflation process. The annual inflation rate is initially set to 5% and goes down 1 percentage point every year until it finally floors at 2% indefinitely. Moreover, these rates are a bare minimum as they assume that all PART coins have been staked. Otherwise, the income will be bigger and better as the same rewards are paid to fewer coins. Additionally, your passive income through staking PART will be augmented by the fees generated through the everyday marketplace operations. Whether it is network fees collected via PART transactions or marketplace listing fees paid by the sellers, all of them contribute to the stakers’ rewards. At the end of the day, staking PART can turn into a profitable business once the Particl platform starts to attract more traffic. In simple words, the more popular the market gets, the more fees it generates, the more coins the stakers earn. As PART is a standalone cryptocurrency, it can be used outside Particl Marketplace as well. So if you plan on using it for purposes other than eCommerce, it is traded on several exchanges, for example, HitBTC and Bittrex, with more exchanges to list PART in the future. There are native Particl wallets available for storing PART such as Particl Qt with Ledger support, Particl-cli, and Particl Copay Wallet, with the latter available for both the desktop and the mobile. There is also a third-party multicurrency Flare Wallet, enabling cold staking for Particl. Running Particl is a collective effort, which means no operational costs and no company bagging profits from it. The marketplace buyers don’t pay any commissions other than tiny network confirmation fees, while the sellers are only charged a small listing fee to keep spam listings to a minimum. This creates a highly competitive environment, with the sellers making more profits and the buyers having access to cheaper goods and services as a result.
What’s in the pipeline?
The next major release of the Particl Marketplace should have been Particl Desktop 2.4.0, but it was later rebranded as Particl Desktop 3.0 to reflect its breakthrough nature. It is set for release in the second half of 2020 and will enable the addition of user-created markets and storefronts, effectively turning the Particl marketplace into a network of specialized markets. And if you think about it, that makes perfect sense. Say, you have a social network account highly merited and full of karma that you want to sell, whatever your reasons might be. Then creating a dedicated market for trading such accounts privately and securely may look extremely appealing to you. Whether it is the right thing to do is another matter, of course. Kidding aside, it is obviously not about selling or offering something that the society on the whole doesn’t approve of or frowns upon. If you are a freelancer, for example, a graphics designer or a translator, you would be certainly interested in the future freelancer markets – along with your potential employers. Put simply, birds of a feather should flock together. To keep things in perspective, popular freelancer markets that exist today charge up to 10-20% of what you would get from your client if you negotiated directly. All in all, establishing communities across the marketplace seems to be the next logical step in the natural evolution and growth of the platform. In fact, it is a little surprising that the Particl team didn’t come up with this idea earlier. Meanwhile, we wish Particl success and good luck in achieving their goals and aspirations. And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps: ✔ Choose the pair and the amount for your exchange. For example ETH to PART. ✔ Press the “Start exchange” button. ✔ Provide the recipient address to which the coins will be transferred. ✔ Move your cryptocurrency for the exchange. ✔ Receive your PART coins! Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]. The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision. Original article was posted onhttps://stealthex.io/blog/2020/08/26/particl-marketplace-where-sellers-meet-buyers/
Around 4 years ago, I was a vendor on the darknet. It was a relatively shortlived thing, I was just doing it because I was too lazy to get a job and at the time didn't want to settle for the 9-to-5 thing. I wanted to start my own business, and use the drug money as a start up. I had been using myself for years, along with that I met lots of people into the dealing scene, and eventually started dealing myself. I have a lot of anxiety though, so I hated meeting up with people in parking lots and I definitely didn't want anyone to know where I lived. That's when I read about the Silk Road, and Ross Ulbricht being caught. Got obsessed with the idea of it, got obsessed with learning OPSEC, all with the goal of eventually using my connections to start up my store. Well, after a couple of months I did. I started my store with 3 drugs: ketamine, meth, and some outdoor weed my buddy was getting for super cheap. All was going good for a few months, had a couple thousand get stolen in an exit scam, but I had about $25,000 saved at that point so it didn't ruin my life like a few vendors I knew of. Eventually, I met a local connect that came into town only once a week, but had fucking ANYTHING I wanted. Mescaline, LSD, mushrooms, PCP, even... and... fentanyl. At the time, people weren't REALLY cutting heroin with fentanyl. I mean, I'm sure people did plenty, but it was not nearly as commonplace now. People just... did fentanyl. And still do. I put all my addresses into an excel spreadsheet along with their name, zip code, order, along with the amount. At the time, I was selling some super white powdered mescaline. The fentanyl was also a white powder. Very similar consistency. Long story short, my Excel fucked up, or I fucked up, and about 7 peoples mescaline orders were filled in as fentanyl orders. They all went out, I didn't notice and kept doing my thing for a few days. After about 5 days, someone contacted me and told me their friend died from my mescaline. I immediately called bullshit, and went to check my order log and scale up how much I had of my mescaline left. Well, I had about 11 grams more than I should have. I still don't know how the fuck it could have happened. I wasn't a user, but I was definitely high off dabs. I went to check my order log on the market to see if anyone had finalized on their purchase, and a couple of them were.. but none from a specific day. Including the person that messaged me. No one that had purchased mescaline that day had finalized their orders. The market I was on also had a feature to see the users last activity, and none of them had logged in in at least 3 days. Most 2 days. I immediately deactivated my vendor account. I didn't even need confirmation, I knew what happened. I knew I just killed several people. I sold the rest of my drugs, converted my bitcoin to cash, and moved the fuck away. Didn't speak to anyone for weeks. Found a job in a restaurant, living in a city I always wanted to. I haven't touched drugs since that day. I haven't had anything to do with that life since then. I still think about them. Every night. I saved their names and Googled them a few days later. I was able to find info on 4 customers that definitely died. One customer shared it with a friend. They both died. I don't know why I'm even posting this, mainly because I have no one to tell, and even if I did, I don't think I could. I spend my days sober. Clocking into work. Clocking out of work. Coming home. Playing video games. I'm a complete recluse. People I used to know have distanced themselves immensely, and I know it's because I'm a shell of my former self. I can't help it. Could I even tell a therapist about this? I don't feel like I deserve to be alive. Am I really living anyway? I don't even know anymore. Maybe this will help me feel better.
Access market with Tor. Don't use a VPN*, there are tons of articles/threads/comments that explain why VPNs + Tor are not advisable. All you need is Tor.
Use local BTC ATM. There are some that only ask for SMS # to send confirmation code. Use Google on your phone to find a temp SMS number you can use while you're standing there at the kiosk. There are tons of sites, most don't ask for registration. Buy BTC with cash.
From kiosk, send directly to market account, or whatever wallet you're using.
Do not use the market's auto-encrypt feature. Do it yourself.
Hoping this thread can stay up/doesn't violate any policies (I don't think it does....) If you want to downvote, that's your choice, but some constructive feedback is better for everyone, I'll edit the post. Fuck TAILS*, fuck tumbling, fuck Coinbase/Coinmama (Coinmama is a nosey bitch tracking your coin)/etc.... just go the ATM route. It's far, far easier. If you buy with a burner number and cash there's really no way to track it. They'd have to subpoena shopkeepekiosk owner for video cameras (assuming there even are any) and unless you're doing something really wild, no one is going to go to that trouble. This allows you to skip over a ton of OpSec steps that are, frankly, just obnoxious AF (albeit necessary - but this conforms to the OpSec). EDITS:
I had previously recommended Googling market lists. I did this assuming directions on markets would be followed that advise users follow proper PGP protocol (logging in with PGP & verifying links). This was wrong of me. Newcomers will not know better and some sites can have fake links. Cheers Terminator1134
Speaking of TAILS, this is hotly contested. MANY people in the community have technical prolems with it. It is outright unusable on several MacOS configurations. It is also not 100% secure either (documentation from TAILS directly here, separately, TAILS is vulnerable to exploits that can reveal your IP such as 0day). IF you can get it to work, why not? It's an added layer of protection, but it's not necessary. If you use the method I've outlined above your bank account is not connected to anything. Your ID is never connected. Your SMS # is not connected. If you follow PGP protocol for log in & links, the only point you will ever be exposed is when you transmit your address. This, too, should be PGP encrypted though. So I challenge anyone to provide a realistic, plausible scenario where a user would get arrested, let alone convicted, using this method.
How financial system has changed its rigid views in favor of cryptocurrencies. by StealthEX It goes without saying that the real value of anything can be judged only through practical, everyday use of it. With Bitcoin, as with cryptocurrencies in general, it is no different. Although the concept of a decentralized digital ledger as it is represented by the leading cryptocurrency may seem enticing and masterly on its own, ultimately, it still comes down to the actual application and usability in real life. And this is where BTC adoption within the existing financial system comes into play as one metric to gauge its genuine success or utmost failure, arguably the most telling and important one.
A medium of exchange
Bitcoin was envisioned as a peer-to-peer electronic cash system, synonymous with the idea of using it as a medium of exchange or means of payment (the latter two being essentially six of one and half a dozen of the other). As everything big out there, Bitcoin started small. What went completely unnoticed in 2008 now came to be a major factor capable of affecting the entire global financial system. But before that, Bitcoin was used as a means of exchange and payment in the markets which shouldn’t have been there in the first place. These were the days when the Dark Web was the primary and likely only driver behind Bitcoin adoption rate, and that’s also happened to be the reason why so many governments turned heavily against it back in the day. Bitcoin had received a bad rap as a currency for conducting illegal operations, mostly selling drugs on black markets like now-defunct Silk Road. It was not until late 2012 that Bitcoin started to attract attention of the general public after the launch of Coinbase in the summer of that year. Around that time the first attempts to regulate the top cryptocurrency had begun, and the overall negative attitude toward BTC started to change. All in all, the period between 2008 and 2012 was likely the only time in Bitcoin’s eventful and intense history when most of its adoption came about through using it as a real currency and a means of payment, even if primarily for illegal purposes and criminal activities.
A store of value and investment asset
Bitcoin today as we know it has only become possible after many thousands of speculators and investors started to pour their money into the cryptocurrency in the hope of earning off the future growth. No matter how you look at it, whether you like it or not since 2013 Bitcoin adoption has been expanding mostly by attracting people who are interested in it as an alternative, non-sovereign store of value and investment asset. Today Bitcoin as an investment asset and store of value totally took over the Bitcoin as a means of payment and exchange. The godfather of all cryptocurrencies has seen plenty of ups and downs, which posed a valid concern regarding how it would perform as a grown-up investment asset. Now that we have seen oil prices go into negative territory and fall as low as -37 dollars per barrel, a lot of these doubts have been dispelled. It is little wonder that institutional investors are nowadays looking into Bitcoin as a robust hedge against inflation and sinking economies in a world fraught with recession risks and plagued by the coronavirus pandemic. For example, in 2019 alone cryptocurrency assets under the management of hedge funds more than doubled – to over 2 billion dollars, with around 150 hedge funds actively investing in cryptocurrencies today. It is no surprise either that during the last couple of years Bitcoin has risen substantially in the eyes of the institutional beholders, all the way up from the bottom, from an outcast, and sometimes even an outright outlaw, to a level on par with such an established store of value as gold. The famous hedge fund manager and billionaire Paul Tudor Jones, who manages around 22 billion dollars through his BVI Global Fund, recently confirmed that he has invested a few percent of his assets in Bitcoin as a hedge against inflation and central banks printing money out of thin air. Altogether, this leaves no doubt that Bitcoin has become a viable and legit investment choice in the realm of institutional money.
A value transfer vehicle
International money transfers have always been a pain in the neck – slow, costly, complicated. As Bitcoin needs no banking institutions to conduct money transfers, be it domestic or global, it has become a value transfer vehicle of choice for people willing to send money with no involvement of banks and payments processors. Historically, making overseas remittances with Bitcoin was among the first use cases of this cryptocurrency. Cross-border remittances have been recognized as an important source of private capital flows for developing countries. Bitcoin and its crypto brethren have firmly established themselves in this niche for the simple reason many people in poor countries don’t have a bank account and thus can’t access bank services, aside from overall poor banking infrastructure there along with reasonable concerns about the stability of national currencies in backward economies. Without cryptocurrencies, it would be impossible to receive financial support from abroad provided by migrant workers to their families. This led to an emergence of a wide variety of bitcoin-based remittance services such as BitPesa, Rebit, Bloom, Payphil, to name but just a few, that offer such services for African and Asian countries. They are typically using Bitcoin as a value transfer medium concealing the cryptocurrency from users by converting the sender’s fiat currency into bitcoins and then converting back to the receiver’s fiat currency.
Problems and solutions
One of the major problems Bitcoin faces is not strictly specific to it as it stems from an innate conflict between the two major functions of money. As it happens, a medium of exchange function doesn’t live quite well with a store of value function. A good medium of exchange, or means of payment, should be inflationary to facilitate its use as a currency that you pay with, say, in a grocery store. On the other hand, a good store of value should be the opposite of that to maintain and possibly increase its value over time. Realistically, such a dilemma cannot be effectively resolved from within Bitcoin itself. As a result, the main cryptocurrency has developed into a trusted, battle-tested investment asset which already established a firm foothold in the corporate investment sector. This is in stark contrast to its promise as a functional currency where Bitcoin still massively lags behind fiat. Is there any way to fix that? The solution probably lies in the separation of different functions between Bitcoin and altcoins. The former will most certainly continue to evolve as a solid store of value. Whether the latter can live up to their collective role of an efficient means of payment, we have yet to find out. And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Just go to StealthEX and follow these easy steps: ✔ Choose the pair and the amount for your exchange. For example ETH to BTC. ✔ Press the “Start exchange” button. ✔ Provide the recipient address to which the coins will be transferred. ✔ Move your cryptocurrency for the exchange. ✔ Receive your coins. Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]. Original article was posted onhttps://stealthex.io/blog/2020/07/07/bitcoins-mainstream-adoption/
📷 here is a link to the dnm bible edit: A user suggested that this post should include the step to install tails. The reason I didn't include it was because the dnm bible already has a very large section about tails. I am not, in any way, discouraging people from installing tails. If this section sounds like I am against people using it then I apologize, it is not my intention. I am just giving the steps to get online in manageable pieces, rather than throwing all the content at a new user all at once. Regardless, I agree it should be part of everyone's setup. It provides more security, and there is assistance on darknet and tails. here is the link to download tails. Here is the documentation for tails, with a guide to installing and troubleshooting. I will split the list into two sections, 'A' and 'B'. Section A will be for people who are just browsing, and for new users to understand how to process will work. Section B will be using tails. you will use the tor browser to reach the market sites. It can be downloaded here. you will need a program to encrypt your address. Kleopatra, which is part of a suite of programs called 'gpg4win' can be downloaded here here is a guide to use kleopatra, which is the specific program that you will use to import vendor keys and encrypt your address. To buy bitcoin anonymously, you can use paxful.com, or localbitcoins.com. Look for a vendor with a good transaction history and reasonable rates. To store your bitcoin, since it is best to send it from the source you buy it from to a wallet you own, instead of straight to the market, use electrum wallet. UPDATE: Im thinking that you may want to use monero. In that case start here to install a monero wallet. You will still probably have to buy bitcoin to exchange for monero. Ive seen most people say to use morphtoken to exchange btc to xmr. I've been using changelly.com, but whatever exchange that works best for you should be fine. Section A Your basic steps, which will be outlined more in the dnm bible I have linked to above will be:
download and install tor
download and install gpg4win
go to dark,fail (put a period instead of a comma) for links to markets
create an account for a market
download and install electrum bitcoin wallet
buy bitcoin from source of your choosing
send bitcoin to your electrum wallet
look up the product you want and get pricing
send sufficient bitcoin from electrum wallet to your market account
copy the vendors pgp key and import it into kleopatra
encrypt your address using the vendors key
paste your encrypted address into the order page and confirm
wait for package
Section B Using tails (which is highly recommended) steps would be:
Install tails on your usb drive
if tails does not boot, check UEFI/secure boot setting.
NOOBS GUIDE - How not to get your bitcoin stolen on Empire Market and verify any empire site
Hi guys and gals, I have made this guide because as some of you have probably experienced before there are tons of phishing sites that are mimicking empire market. Lots of them are very credible but steal your bitcoins. The most convincing phishing sites use a 'man in the middle' attack where it directs traffic to the original empire market site, but changes the bitcoin deposit address. People fall for this because the nature of the attack means that the users individual personal phrase is displayed correctly and everything seems to be normal but when you deposit, the coins disappear. This has led many users to falsely blame empire market and assume they are conducting an exit scam which is not true. Firstly I would like to say to avoid this you must have a critical mindset of every empire market onion url you visit. Even if it has worked several times before. I will detail in this guide how to stop getting your money stolen and this is for educational purposes only. I do not take responsibility for anything you buy on the site. Please let me know if there is anything you would like added to the guide and I will aim to do so. I would also appreciate if everyone could upvote this and if the mods could sticky this so we can get maximum views to stop people getting scammed. With that out of the way, I am assuming you know how to use PGP. if you don't please research how to do this before you continue, the following links may help you (if there is enough demand I will eventually make a separate tutorial on this): http://www.bitcoinnotbombs.com/beginners-guide-to-pgp/ https://www.reddit.com/SilkRoad/comments/1qh266/guide_pgp_4_n00bz/ The critical requirements you must have before continuing:
you must have some sort of PGP program, i use GPG4WIN and the GPA tool inside it
you must have a PGP public key and PGP private key
you must have Empire Markets official PGP public key imported into your chosen PGP program (i detail how to do this below).
The reason why most people get scammed is because they don't verify their links, and when they have, they use the wrong empire market public PGP key located on the phishing sites. The attackers have set this up to work with their own phishing empire market site. The real empire market PGP key has always been located on dreadditevelidot.onion:
Copy dreadditevelidot.onion into Tor
on the right hand side of the page you will see a link saying '/d/EmpireMarket' click on it
towards the top of the page underneath where it says 'Dread' you should see a button called 'PGP' click on it.
Copy the PGP public key into notepad and save it as a .txt or .asc file and import it into your chosen PGP program (i tend to use GPA as part of the GPG4WIN toolkit but others prefer to use kleopatra, each to their own it does the same job)
Once you have this key imported name it something like empire market or whatever you wish, this will be the real key that will tell you if any site you are on is genuine or not. It is published only by the creator of empire market. NEVER and I repeat NEVER use the empire market PGP public key located on any empire market url as this can be faked. Only use the one on dreadditevelidot.onion, I hope that is crystal clear. Now in general, what you want to do next is:
take a link from dark.fail e.g. dkndfkn9gfnf.onion(not real) and add '/safe' to the end of it, or alternatively click on 'verify mirror' once you land on the site.
follow the prompts until you see a PGP message displayed for you, copy this into GPA or other program and click 'verify', if all is good you should see a popup saying 'valid signature' and maybe some text highlighted in green. It looks like this:
Now, once you are certain the site is real, you still don't want to trust it 100%. What you want to do is go to the bitcoin deposit page and click 'generate a bitcoin deposit address'. Once that is done, underneath you will see a link saying 'Get PGP signed proof of ownership', click that and go through the prompts (as similar to before on /safe) you will see a PGP and you want to verify that also to make sure the signature is valid. Once you have successful signatures for the previous steps you pretty much have the green light to deposit your bitcoin to that address. However if you are planning on depositing an amount you can't afford to lose, what I would suggest is depositing a small amount first. And if it is successful then you can deposit again later as the site will be confirmed to be genuine. This is an almost fool proof way of ensuring you don't lose your bitcoin if you follow the steps I have mentioned. HOWEVER IT MUST BE STATED THAT EVERY TIME YOU DEPOSIT TO A BITCOIN ADDRESS, YOU HAVE TO GENERATE A NEW BITCOIN ADDRESS AS ANY NEW COINS YOU SEND TO A PREVIOUS ADDRESS WILL BE LOST. To prevent any further losses to your account you can go into your profile and enable 2FA authentication. This essentially ensures that no one can access your account unless they have your private PGP key and also if the .onion you see in the decrypted message doesn't match the url one you are on, it is a phishing site. If you would like a tutorial on how to do this please request it enough times and I will try to find time to write a tutorial up. I am writing this from a position of frustration after losing a large amount of money to scammers and hope that my information can help you. Please take the time to follow all the steps meticulously and feel free to comment if you are having trouble. I work full time so I will try to get back to people when I am free. Please excuse any grammar errors as I wrote this in a rush and plan on editing it based on feedback. Happy Shopping Mods please sticky this, spread the word and lets eliminate the scammers. EDIT: I have had alot of requests from people who still can't successfully verify the mirror. Please make sure when you solve the captcha on the 'verify mirror' link that you copy the whole txt including the signature and the pgp code before you verify. If you are usingdark.failand it still isn't working then retry the captcha a few times becuase there may be a sync issue on the empire market server. For all the other users who still can't get it to work, for these people I think only a video tutorial would help. Also probably better not to login to any site until you have a firm grip of PGP, how it works and how to use it. As you can understand this would take time and i plan on releasing one on the weekend so please stay patient until i have edited and uploaded one on youtube. To make life easier for people I also plan on uploading empire markets PGP key to a download website, but I am hesitant to do this because I don't want anyone to half follow the instructions and then blame me if they lose their bitcoin. EDIT [8 JULY 2019]: i apologise again for my delays, i live a very busy life. However please read the following information for those of you who are still having trouble verifying your links. I have ascertained the reason why some people are still get invalid signatures (note this is different to a 'bad signature'). The reason why is because kleopatra doesnt recognise where this key is coming from as its not part of the pgp network (not 100% accurate explanation but as noob friendly of an explanation i can give). To fix this what you need to do is certify the key in kleopatra:
Open kleopatra, you should see a collection of public and private pgp keys including your own.
Look for the empire market key and right click on it, then click certify
Follow the prompts and certify it against your own pgp key. (You may need to enter your password)
Once its all done you should see somewhere on the final dialog box where it says certification successful. (If not try it again)
Now when you go through this tutorial again if the key is valid you should definitely see 'good signature' displayed in GPA.
Smile and enjoy your hard work and patience of going through the tutorial.
The hailstorm, the low tide, and the sinking ship (a darknet parable)
Arrrr me mateys! Splice the main-brace! It's saturday night and I've had a tot of rum or two in the local taverns. This old sea dog be a land lubber now, I'm going to tell you a sea shanty from the pirate days of old. "There once sailed a big ship called HMS Empress. She was a sturdy liner with rich passengers and many fine shops on board. Then one day a violent hailstorm blew in, but the captain thought she had enough coal to weather the storm. But the storm blew on, and on, and the waves were high. Her passengers gradually took to the nearest life raft (a ramshackle Greek-flagged tug called the Apollo, formerly the Olympian) and the shops began to close and the coal grew low. The crew were too busy manning the buckets to serve the passengers." "Every low tide the Empress struggled to avoid the rocks. The hailstorm blew on. The captain knew the next low tide would sink her, so the great ship was scuttled" Don't ask me what it means, I don't know. I'm just a barnacle-hulled old sea-salt. Pay no mind to my crazed ramblings. Anyway, on a completely unrelated note I'd like to tell you about some things I've learned on reddit today and a phenomenon called THE "SILK ROAD TIDE" Lets take a look at a graph showing the number of confirmed bitcoin transactions on the blockchain per day, over the last year. https://www.blockchain.com/en/charts/n-transactions?timespan=1year Spikey! But the spikes have a certain regularity to them, don't they? That's the tide going in and out, exactly once a week. But what causes it? It's caused by drug consumption on Friday night and the lack of postal service on Sunday. People think that bitcoin has gone mainstream, that it's all corporate investors now. But that transaction dip in March coinciding with Dream and Hansa marketplaces closing would suggest otherwise. Bitcoin is still very much drug-driven, causing those 52 weekly "double-sawtooth" spikes. "The Silkroad tide" is a phenomenon first seen in 2011. It's bitcoin flowing into markets on Monday and out again on Saturday Drug buyers purchase bitcoin from an exchange on Monday/Tuesday, order their drugs to arrive by Friday, and vendors launder it back to the same exchanges at the weekend ready for it's next exchange/DNM cycle. The bitcoin goes round and round. What does this mean for a darknet marketplace owner? Markets fill with bitcoin at the start of the week, but are virtually empty at the weekend. If, say, your marketplace is enduring a hailstorm of DDOS and you have to invest in a new load balancer and mirrors whilst your business is shrinking by the day, those vendor withdrawals at the weekend would bring you close to financial collapse. You try to keep going but those pesky vendors want their earnings. The less they trust you the more they want to get their bitcoin the hell away from your pretend wallets, on Saturday. You try to put them off until Monday by having "downtime" at the weekend, or (like today) you just ignore withdrawal requests altogether. If YOU were the captain of a marketplace that was getting DDOS'ed back to the stone age, you would give everybody their bitcoin back and close (like Agora and Dream did) so you can make the necessary design changes, wouldn't you? But Dream was only able to give everybody their bitcoin back because it wasn't technically bancrupt. Do you see what I'm getting at? There have been a few posts today complaining about vendors on Empire cancelling orders. That's because vendors sometimes want to give the appearance of still being open, but they only accept orders if they think a marketplace will survive long enough for them to get paid. They've seen it all before, again and again. We always blame law enforcement, but sometimes darknet marketplaces get put to the sword by their own vendors hint hint As Cypress Hill said, when the ship goes down you'd better be ready. To keep this Saturday night party atmosphere going, I'm only answering questions using oblique alagory and the medium of song. Lets have a tune to get us started! Closing-down sale wooooooooo! https://www.youtube.com/watch?v=PKrxnvRp2as
Chinese authorities are testing the digital yuan: is it worth waiting for the digital dollar?
Chinese authorities are testing the digital yuan: is it worth waiting for the digital dollar? The development of the digital renminbi is proceeding rapidly: a few days ago it became known that companies and customers of the largest banks in several cities of China were testing it. Moreover, corporations such as McDonald’s and Starbucks will take part in the test, among others. + Why is China in a hurry to release a national cryptocurrency, at what stage is development and why its main opponent is not Bitcoin or Libra from Facebook, but the US dollar, DeCenter found out. For a long time, almost nothing was known about China’s national digital currency (DCEP), or the digital renminbi, except that the Chinese authorities were working on it. Information was officially confirmed only in 2018. Moreover, it turned out that research and development has been ongoing since 2014. And in the summer of 2019, the deputy head of the department of the National Bank of China (NBK) Mu Changchun, who is called the main ideologist of the digital renminbi project in power, said that he was “almost ready.” This was preceded by the sensational announcement of the cryptocurrency project Libra from Facebook, which officials in many countries took with hostility. As DeCenter wrote, cryptocurrencies have pushed the Chinese authorities to create DCEP by the growing competition with fiat currencies. Despite the formal ban on cryptocurrency exchanges and ICOs, Chinese people are still actively using crypto assets. The digital yuan could be an alternative to decentralized coins. In addition, the main capacities of world mining of the Bitcoin network are concentrated in China, the blockchain startup industry is developing rapidly and with government support. Such a contradictory and motley picture. According to the professor of Fudan University, Michael Song, the real impetus for accelerating the development of the digital renminbi was not so much the Libra coin, but the keynote address by President Xi Jinping in October 2019. Then he called on officials to “make every effort” to develop the blockchain and introduce solutions based on it into the real economy. At the same time, Xi noted the importance of implementing technology in digital finance. According to Song, this was a signal for central authorities to accelerate the release of DCEP and facilitate its distribution in China and beyond. Mobile App First But the real details about the digital yuan became known recently, in April. Then, WeChat published screenshots from the test mobile application of the Agricultural Bank of China (SBC) for operations with DCEP. Some of the application’s functions were visible on the screenshots: wallet, function of payment via QR-code (a popular payment method in China), receiving and sending money, as well as “pairing” wallets of two users for transactions through convergence of devices (probably using NFC-technology) Mobile app interface for the RMB. Later, the NBK confirmed the authenticity of the screenshots and added that the digital renminbi is being tested in cooperation with several commercial banks, and its territory is limited to four major cities. As The Block later clarified with reference to Chinese media, in one of the cities — Suzhou — municipal officials in May will receive half of the subsidies for travel on public transport in “digital yuan”. The authorities did not disclose the official launch date for DCEP, but added that the next test of the digital national currency will be held in 2022, during the Beijing Winter Olympics. Probably, then the scale of the test will be much larger and will also affect foreign citizens. It is curious that on the same day, the State Committee for Development and Reforms of the PRC — the former Gosplan, now in charge of strategic economic planning, announced the inclusion of blockchain in the national technology development strategy. Now it is a priority for the state along with other promising areas, such as artificial intelligence, cloud computing and the Internet of things. Commerce and trading in the digital yuan The NBK is not limited to banks and individual users of the digital yuan: thanks to a report from the Chinese publication InterChain Pulse, another test was revealed, but with the participation of almost two dozen companies. The project will be held on the territory of the New Xun’an District (something like a special economic zone, but an urban type). The project includes companies in the field of catering, retail, transport and entertainment. The list also includes American companies McDonald’s, Starbucks and Subway, as well as a number of local chains: fast food Qingfeng Baozi, supermarkets JD (operated by the leading online retailer of the same name in China), Jinfeng cafe and others. Four state-owned banks provide financial infrastructure, as well as fintech giants Ant Financial (formerly Alipay) and Tencent. Administrative support is provided by local governments. Xun’an — a kind of testing ground for the “digital city”. All government services have already been digitized here, 5G mobile networks, unmanned vehicles and much more are used. At the end of March, a blockchain laboratory was opened in the city, which will be engaged in the implementation of DLT-based solutions in urban infrastructure and services. At the same time, InterChain Pulse did not provide data on the date of the start of the digital renminbi experiment in Xiongang or the timing of its implementation. Ram against the dollar Given that the digital yuan is a project of the Chinese authorities, it is not surprising that, in addition to domestic economic interests, they also pursue political goals. Namely, the victory over the global “hegemony” of the US dollar. So, the DCEP developer Mu Changchun in September last year said that “the digital yuan is necessary for China to protect the monetary sovereignty of the country”. The Ledger Insights portal cites an article by the Chinese political science center Zero One Think Tank, which states that the digital yuan will help “internationalize” the Chinese currency. In particular, through transactions in large-scale foreign economic projects of the PRC. Among them is the One Belt, One Road initiative, which brings together many of China’s neighbors as part of the Silk Road Economic Belt and the 21st Century Sea Silk Projects. High scalability of DCEP will solve the problem of increasing the share of settlements in RMB in foreign trade. So far, China has failed. State-owned Chinese companies already have the infrastructure needed for cross-border operations in the digital yuan. For example, last fall, the Chinese Construction Bank (the third largest in China) released the second version of its financial blockchain platform for international settlements after the volume of operations on it exceeded $ 50 billion. The platform users are mainly foreign banks and Chinese exporters. All four major Chinese state banks, which recently announced their participation in the project for the commercial testing of the “digital yuan” in Xiongang, have their own foreign trading platforms based on a distributed registry. Digital dollar The U.S. currency really dominates global finance: in 2019, 90% of international transfers and 60% of government reserves were in US dollars, while the yuan in both segments accounted for only 2%. Such data are quoted by Voice of America. The dollar is needed by private companies and banks to hedge the risks of depreciation of national currencies in international transactions. However, the widespread use of the dollar also gives the US government leverage — for example, with the introduction of economic sanctions. The emergence of alternative international currencies could undermine US influence. In a commentary on Voice of America, Special Assistant to the President Tim Morrison expressed confidence that Beijing’s intention to “dominate this new financial technology should be alarming”, referring to cryptocurrencies. Apparently, while the US authorities do not plan to issue their own digital dollar. In late February, speaking in the Senate, US Treasury Secretary Stephen Mnuchin said that Washington does not intend to issue a national cryptocurrency at this time, but may return to this issue in the future. The day before Mnuchin’s statement, Jerome Powell, the head of the US Federal Reserve System, spoke in the House of Representatives. Congressmen called on him and colleagues in the government’s financial bloc to step up work on the digital dollar until they got ahead of the Chinese. To this Powell replied that the conditions in the USA and China are different: “For example, the idea of a registry where everyone will see each other’s transactions is unlikely to be attractive in the context of the United States. This is not a problem for China.” As for Libra, last year’s announcement of which was accompanied by mass criticism of Western officials, on April 20 an updated version of the white paper project was released. In the new document, the developers officially abandoned the concept of a single global stablecoin, decentralization and anonymity and pledged to comply with all regulatory requirements.
WARNING: If you try to use the Lightning Network you are at extremely HIGH RISK of losing funds and is not recommended or safe to do at this time or for the foreseeable future (274 points, 168 comments)
The guy who won this week's MillionaireMakers drawing has received ~$55 in BCH and ~$30 in BTC. It will cost him less than $0.01 to move the BCH, but $6.16 (20%) in fees to move the BTC. (164 points, 100 comments)
Do you think Bitcoin needs to increase the block size? You're in luck! It already did: Bitcoin BCH. Avoid the upcoming controversial BTC block size debate by trading your broken Bitcoin BTC for upgraded Bitcoin BCH now. (209 points, 194 comments)
Master list of evidence regarding Bitcoin's hijacking and takeover by Blockstream (185 points, 113 comments)
PSA: BTC not working so great? Bitcoin upgraded in 2017. The upgraded Bitcoin is called BCH. There's still time to upgrade! (185 points, 192 comments)
This sub is the only sub in all of Reddit that allows truly uncensored discussion of BTC. If it turns out that most of that uncensored discussion is negative, DON'T BLAME US. (143 points, 205 comments)
211 points: fireduck's comment in John Mcafee on the run from IRS Tax Evasion charges, running 2020 Presidential Campaign from Venezuela in Exile
203 points: WalterRothbard's comment in I am a Bitcoin supporter and developer, and I'm starting to think that Bitcoin Cash could be better, but I have some concerns, is anyone willing to discuss them?
163 points: YourBodyIsBCHn's comment in I made this account specifically to tip in nsfw/gonewild subreddits
161 points: BeijingBitcoins's comment in Last night's BCH & BTC meetups in Tokyo were both at the same restaurant (Two Dogs). We joined forces for this group photo!
156 points: hawks5999's comment in You can’t make this stuff up. This is how BTC supporters actually think. From bitcoin: “What you can do to make BTC better: check twice if you really need to use it!” 🤦🏻♂️
155 points: lowstrife's comment in Steve Wozniak Sold His Bitcoin at Its Peak $20,000 Valuation
151 points: kdawgud's comment in The government is taking away basic freedoms we each deserve
147 points: m4ktub1st's comment in BCH suffered a 51% attack by colluding miners to re-org the chain in order to reverse transactions - why is nobody talking about this? Dangerous precident
147 points: todu's comment in Why I'm not a fan of the SV community: My recent bill for defending their frivolous lawsuit against open source software developers.
A few stories about Brian Krebs: The independent cybercrime journalist who exposes criminals on the internet
First, a bit of introduction before we get into the living drama that is Brian Krebs. Brian Krebs has been a journalist for decades, starting in the late 90s. He got his start at The Washington Post, but what he's most famous for are his exposes on criminal businesses and individuals who perpetuate cyber crime worldwide. In 2001, he got his interest in cybercrime piqued when a computer worm locked him out of his own computer. In 2005, he shifted from working as a staff writer at The Washington Post's tech newswire to writing for their security blog, "Security Wire". During his tenure there, he started by focusing on the victims of cybercrime, but later also started to focus on the perpetrators of it as well. His reporting helped lead to the shutdown of McColo, a hosting provider who provided service to some of the world's biggest spammers and hackers. Reports analyzing the shutdown of McColo estimated that global spam volume dropped by between 40 and 70 percent. Further analysis revealed it also played host to child pornography sites, and the Russian Business Network, a major Russian cybercrime ring. In 2009, Krebs left to start his own site, KrebsOnSecurity. Since then, he's been credited with being the first to report on major events such as Stuxnet and when Target was breached, resulting in the leakage of 40 million cards. He also regularly investigates and reveals criminals' identities on his site. The latter has made him the bane of the world of cybercrime, as well as basically a meme, where criminals will include references like Made by Brian Krebs in their code, or name their shops full of stolen credit cards after him. One of his first posts on his new site was a selection of his best work. While not particularly dramatic, they serve as an excellent example of dogged investigative work, and his series reveal the trail of takedowns his work has documented, or even contributed to. And now, a selection of drama involving Krebs. Note, all posts are sarcastically-tinged retellings of the source material which I will link throughout. I also didn't use the real names in my retellings, but they are in the source material. This took way too long to write, and it still does massively condense the events described in the series. Krebs has been involved with feuds with other figures, but I'd argue these tales are the "main" bits of drama that are most suited for here.
Fly on the Wall
By 2013, Krebs was no stranger to cybercriminals taking the fight to the real world. He was swatted previously to the point where the police actually know to give him a ring and see if there'd actually been a murder, or if it was just those wacky hackers at it again. In addition, his identity was basically common knowledge to cybercriminals, who would open lines of credit in his name, or find ways to send him money using stolen credit cards. However, one particular campaign against him caught his eye. A hacker known as "Fly" aka "Flycracker" aka "MUXACC1" posted on a Russian-language fraud forum he administered about a "Krebs fund". His plan was simple. Raise Bitcoin to buy Heroin off of a darknet marketplace, address it to Krebs, and alert his local police via a spoofed phone call. Now, because Krebs is an investigative journalist, he develops undercover presences on cybercrime forums, and it just so happened he'd built up a presence on this one already.
Guys, it became known recently that Brian Krebs is a heroin addict and he desperately needs the smack, so we have started the "Helping Brian Fund", and shortly we will create a bitcoin wallet called "Drugs for Krebs" which we will use to buy him the purest heroin on the Silk Road. My friends, his withdrawal is very bad, let’s join forces to help the guy! We will save Brian from the acute heroin withdrawal and the world will get slightly better!
Fly had first caught Krebs' attention by taunting him on Twitter, sending him Tweets including insults and abuse, and totally-legit looking links. Probably either laced with malware, or designed to get Krebs' IP. He also took to posting personal details such as Krebs' credit report, directions to his house, and pictures of his front door on LiveJournal, of all places. So, after spotting the scheme, he alerted his local police that he'd probably have someone sending him some China White. Sure enough, the ne'er-do-wells managed to raise 2 BTC, which at the time was a cool $200 or so. They created an account on the premiere darknet site at the time, The Silk Road under the foolproof name "briankrebs7". They found one seller who had consistently high reviews, but the deal fell through for unknown reasons. My personal theory is the seller decided to Google where it was going, and realized sending a gram of dope into the waiting arms of local law enforcement probably wasn't the best use of his time. Still, the forum members persevered, and found another seller who was running a buy 10 get 2 free promotion. $165 of Bitcoin later, the drugs were on their way to a new home. The seller apparently informed Fly that the shipment should arrive by Tuesday, a fact which he gleefully shared with the forum. While our intrepid hero had no doubt that the forum members were determined to help him grab the tail of the dragon, he's not one to assume without confirmation, and enlisted the help of a graduate student at UCSD who was researching Bitcoin and anonymity on The Silk Road, and confirmed the address shared by Fly was used to deposit 2 BTC into an account known to be used for money management on the site. By Monday, an envelope from Chicago had arrived, containing a copy of Chicago confidential. Taped inside were tiny baggies filled with the purported heroin. Either dedicated to satisfied customers, or mathematically challenged, the seller had included thirteen baggies instead of the twelve advertised. A police officer arrived to take a report and whisked the baggies away. Now, Fly was upset that Krebs wasn't in handcuffs for drug possession, and decided to follow up his stunt by sending Krebs a floral arrangement shaped like a cross, and an accompanying threatening message addressed to his wife, the dire tone slightly undercut by the fact that it was signed "Velvet Crabs". Krebs' curiosity was already piqued from the shenanigans with the heroin, but with the arrival of the flowers decided to dive deeper into the сука behind things. He began digging into databases from carding sites that had been hacked, but got his first major breakthrough to his identity from a Russian computer forensics firm. Fly had maintained an account on a now-defunct hacking forum, whose database was breached under "Flycracker". It turns out, the email Flycracker had used was also hacked at some point, and a source told Krebs that the email was full of reports from a keylogger Fly had installed on his wife's computer. Now, because presumably his wife wasn't part of, or perhaps even privy to her husband's illicit dealings, her email account happened to be her full legal name, which Krebs was able to trace to her husband. Now, around this time, the site Fly maintained disappeared from the web, and administrators on another major fraud forum started purging his account. This is a step they typically take when they suspect a member has been apprehended by authorities. Nobody knew for sure, but they didn't want to take any chances. More research by Krebs revealed that the criminals' intuition had been correct, and Fly was arrested in Italy, carrying documents under an assumed name. He was sitting in an Italian jail, awaiting potential extradition to the United States, as well as potentially facing charges in Italy. This was relayed to Krebs by a law enforcement official who simply said "The Fly has been swatted". (Presumably while slowly removing a pair of aviator sunglasses) While Fly may have been put away, the story between Krebs and Fly wasn't quite over. He did end up being extradited to the US for prosecution, but while imprisoned in Italy, Fly actually started sending Krebs letters. Understandably distrustful after the whole "heroin" thing, his contacts in federal law enforcement tested the letter, and found it to be clean. Inside, there was a heartfelt and personal letter, apologizing for fucking with Krebs in so many ways. He also forgave Krebs for posting his identity online, leading him to muse that perhaps Fly was working through a twelve-step program. In December, he received another letter, this time a simple postcard with a cheerful message wishing him a Merry Christmas and a Happy New Year. Krebs concluded his post thusly:
Cybercrooks have done some pretty crazy stuff to me in response to my reporting about them. But I don’t normally get this kind of closure. I look forward to meeting with Fly in person one day soon now that he will be just a short train ride away. And he may be here for some time: If convicted on all charges, Fly faces up to 30 years in U.S. federal prison.
Criminals are none too happy when they find their businesses and identities on the front page of KrebsOnSecurity. It usually means law enforcement isn't far behind. One such business was known as vDOS. A DDOS-for-hire (also known as a "booter" or a "stresser") site that found itself hacked, with all their customer records still in their databases leaked. Analysis of the records found that in a four-month time span, the service had been responsible for about 8.81 years worth of attack time, meaning on average at any given second, there were 26 simultaneous attacks running. Interestingly, the hack of vDOS came about from another DDOS-for-hire site, who as it turns out was simply reselling services provided by vDOS. They were far from the only one. vDOS appeared to provide firepower to a large number of different resellers. In addition to the attack logs, support messages were also among the data stolen. This contained some complaints from various clients who complained they were unable to launch attacks against Israeli IPs. This is a common tactic by hackers to try and avoid unwanted attention from authorities in their country of residence. This was confirmed when two men from Israel were arrested for their involvement in owning and running vDOS. However, this was just the beginning for this bit of drama. The two men arrested went by the handles "applej4ck" and "Raziel". They had recently published a paper on DDOS attack methods in an online Israeli security magazine. Interestingly, on the same day the men were arrested, questioned, and released on bail, vDOS went offline. Not because it had been taken down by Israeli authorities, not because they had shut it down themselves, but because a DDOS protection firm, BackConnect Security, had hijacked the IP addresses belonging to the company. To spare a lot of technical detail, it's called a BGP hijack, and it basically works by a company saying "Yeah, those are our addresses." It's kind of amazing how much of the internet is basically just secured by the digital equivalent of pinky swears. You can read some more technical detail on Wikipedia. Anyway, we'll get back to BackConnect. Following the publication of the story uncovering the inner workings of vDOS, KrebsOnSecurity was hit with a record breaking DDOS attack, that peaked at 620/Gbps, nearly double the most powerful DDOS attack previously on record. To put that in perspective, that's enough bandwidth to download 5 simultaneous copies of Interstellar in 4K resolution every single second, and still have room to spare. The attack was so devastating, Akamai, one of the largest providers of DDOS protection in the world had to drop Krebs as a pro bono client. Luckily, Google was willing to step in and place his site under the protection of Google's Project Shield, a free service designed to protect the news sites and journalists from being knocked offline by DDOS attacks. This attack was apparently in retaliation for the vDOS story, since some of the data sent in the attack included the string "freeapplej4ck". The attack was executed by a botnet of Internet of Things (or IoT) devices. These are those "smart" devices like camera systems, routers, DVRs. Basically things that connect to the cloud. An astounding amount of those are secured with default passwords that can be easily looked up from various sites or even the manufacturers' websites. This was the start of a discovery of a massive botnet that had been growing for years. Now time for a couple quick side stories: Dyn, a company who provides DNS to many major companies including Twitter, Reddit, and others came under attack, leaving many sites (including Twitter and Reddit) faltering in the wake of it. Potentially due to one of their engineers' collaboration with Krebs on another story. It turned out that the same botnet that attacked Krebs' site was at least part of the attack on Dyn And back to BackConnect, that DDOS protection firm that hijacked the IP addresses from vDOS. Well it turns out BGP Hijacks are old hat for the company. They had done it at least 17 times before. Including at least once (purportedly with permission) for the address 18.104.22.168. Aka, "leet". It turns out one of the co-founders of BackConnect actually posted screenshots of him visiting sites that tell you your public IP address in a DDOS mitigation industry chat, showing it as 22.214.171.124. They also used a BGP Hijack against a hosting company and tried to frame a rival DDOS mitigation provider. Finally, another provider, Datawagon was interestingly implicated in hosting DDOS-for-hire sites while offering DDOS protection. In a Skype conversation where the founder of Datawagon wanted to talk about that time he registered dominos.pizza and got sued for it, he brings up scanning the internet for vulnerable routers completely unprompted. Following the publication of the story about BackConnect, in which he was included in, he was incensed about his portrayal, and argued with Krebs over Skype before Krebs ultimately ended up blocking him. He was subsequently flooded with fake contact requests from bogus or hacked Skype accounts. Shortly thereafter, the record-breaking DDOS attack rained down upon his site. Back to the main tale! So, it turns out the botnet of IoT devices was puppeteered by a malware called Mirai. How did it get its name? Well, that's the name its creator gave it, after an anime called Mirai Nikki. How did this name come to light? The creator posted the source code online. (The name part, not the origin. The origin didn't come 'til later.) The post purported that they'd picked it up from somewhere in their travels as a DDOS industry professional. It turns out this is a semi-common tactic when miscreants fear that law enforcement might come looking for them, and having the only copy of the source code of a malware in existence is a pretty strong indicator that you have something to do with it. So, releasing the source to the world gives a veneer of plausible deniability should that eventuality come to pass. So who was this mysterious benefactor of malware source? They went by the name "Anna-senpai". As research on the Mirai botnet grew, and more malware authors incorporated parts of Mirai's source code into their own attacks, attention on the botnet increased, and on the people behind it. The attention was presumably the reason why Hackforums, the forum where the source code was posted, later disallowed ostensible "Server Stress Tester" services from being sold on it. By December, "Operation Tarpit" had wrought 34 arrests and over a hundred "knock and talk" interviews questioning people about their involvement. By January, things started to come crashing down. Krebs published an extensive exposé on Anna-senpai detailing all the evidence linking them to the creation of Mirai. The post was so big, he included a damn glossary. What sparked the largest botnet the internet had ever seen? Minecraft. Minecraft servers are big business. A popular one can earn tens of thousands of dollars per month from people buying powers, building space, or other things. It's also a fiercely competitive business, with hundreds of servers vying for players. It turns out that things may have started, as with another set of companies, two rival DDOS mitigation providers competing for customers. ProTraf was a provider of such mitigation technology, and a company whose owner later worked for ProTraf had on at least one occasion hijacked addresses belonging to another company, ProxyPipe. ProxyPipe had also been hit with DDOS attacks they suspected to be launched by ProTraf. While looking into the President of ProTraf, Krebs realized he'd seen the relatively uncommon combination of programming languages and skills posted by the President somewhere else. They were shared by Anna-senpai on Hackforums. As Krebs dug deeper and deeper into Anna-senpai's online presence, he uncovered other usernames, including one he traced to some Minecraft forums where a photoshopped picture of a still from Pulp Fiction contained the faces of BackConnect, which was a rival to ProTraf's DDOS mitigation business, and another face. A hacker by the name of Vyp0r, who another employee of ProTraf claimed betrayed his trust and blackmailed him into posting the source of another piece of malware called Bashlite. There was also a third character photoshopped into the image. An anime character named "Yamada" from a movie called B Gata H Hei. Interestingly, under the same username, Krebs found a "MyAnimeList" profile which, out of 9 titles it had marked as watched, were B Gata H Hei, as well as Mirai Nikki, the show from which Mirai derived its name. It continues on with other evidence, including DDOS attacks against Rutgers University, but in short, there was little doubt in the identity of "Anna-senpai", but the person behind the identity did contact Krebs to comment. He denied any involvement in Mirai or DDOS attacks.
"I don’t think there are enough facts to definitively point the finger at me," [Anna-senpai] said. "Besides this article, I was pretty much a nobody. No history of doing this kind of stuff, nothing that points to any kind of sociopathic behavior. Which is what the author is, a sociopath."
I don't have the time or energy to write another effortpost, and as is I'm over 20,000 characters, so here's a few other tidbits of Krebs' clashes with miscreants.
A source and security researcher he was talking to started blabbing about him working with Krebs, and also was selling data to hackers on the side. His example data in his sales post was fucking Brian Krebs'.
This post was inspired by the video “Roger Ver’s Thoughts on Craig Wright”. Oh, wait. Sorry. “Roger Ver’s Thoughts on 15th November Bitcoin Cash Upgrade”. Not sure how I mixed those two up. To get it out of the way first and foremost: I have nothing but utmost respect for Roger Ver. You have done more than just about anyone to bring Bitcoin to the world, and for that you will always have my eternal gratitude. While there are trolls on both sides, the crucifixion of Bitcoin Jesus in the past week has been disheartening to see. As a miner, I respect his decision to choose the roadmap that he desires. It is understandable that the Bitcoin (BCH) upgrade is causing a clash of personalities. However, what has been particularly frustrating is the lack of debate around the technical merits of Bitcoin ABC vs Bitcoin SV. The entire conversation has now revolved around Craig Wright the individual instead of what is best for Bitcoin Cash moving forward. Roger’s video did confirm something about difference of opinions between the Bitcoin ABC and Bitcoin SV camps. When Roger wasn’t talking about Craig Wright, he spent a portion of his video discussing how individuals should be free to trade drugs without the intervention of the state. He used this position to silently attack Craig Wright for allegedly wanting to control the free trade of individuals. This appears to confirm what Craig Wright has been saying: that DATASIGVERIFY can be used to enable widely illegal use-cases of transactions, and Roger’s support for the ABC roadmap stems from his personal belief that Bitcoin should enable all trade regardless of legal status across the globe. Speaking for myself, I think the drug war is immoral. I think human beings should be allowed to put anything they want in their own bodies as long as they are not harming others. I live in the United States and have personally seen the negative consequences of the drug war. This is a problem. The debasement of our currency and theft at the hands of central banks is a separate problem. Bitcoin was explicitly created to solve one of these problems. Roger says in his video that “cryptocurrencies” were created to enable trade free from government oversight. However, Satoshi Nakamoto never once said this about Bitcoin. Satoshi Nakamoto was explicitly clear, however, that Bitcoin provided a solution to the debasement of currency.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” – Satoshi Nakamoto 02/11/2009
As we’ve written previously, the genesis block is often cited as a criticism of the 2008 bailout. However, the content of the article outlines that the bailout had already occurred. The article reveals that the government was poised to go a step further by buying up the toxic bank assets as part of a nationalization effort! In this scenario, according to the Times, "a 'bad bank' would be created to dispose of bad debts. The Treasury would take bad loans off the hands of troubled banks, perhaps swapping them for government bonds. The toxic assets, blamed for poisoning the financial system, would be parked in a state vehicle or 'bad bank' that would manage them and attempt to dispose of them while 'detoxifying' the main-stream banking system." The article outlines a much more nightmarish scenario than bank bailouts, one that would effectively remove any element of private enterprise from banking and use the State to seize the bank's assets. The United States is progressively getting to a point where cannabis can be freely traded and used without legal repercussion. As a citizen, each election has given me the opportunity to bring us closer to enacting that policy at a national level. However, I have never had the ability to have a direct impact on preventing the debasement of the United States dollar. The dollar is manipulated by a “private” organization that is accountable to no one, and on a yearly basis we are given arbitrary interest rates that I have no control over. The government uses its arbitrary control over the money supply to enable itself to spend trillions of dollars it doesn’t have on foreign wars. Roger Ver has passionately argued against this in multiple videos available on the internet. This is what Bitcoin promised to me when I first learned about it. This is what makes it important to me. When the Silk Road was shut down, Bitcoin was unaffected. Bitcoin, like the US dollar, was just a tool that was used for transactions. There is an inherent danger that governments, whether you like it or not, would use every tool at their disposal to shut down any system that enabled at a protocol level illegal trade. They, rightfully or wrongfully, did this with the Silk Road. Roger’s video seems to hint that he thinks Bitcoin Cash should be an experiment in playing chicken with governments across the world about our right to trade freely without State intervention. The problem is that this is a vast underestimation of just how quickly Bitcoin (BCH) could be shut down if the protocol itself was the tool being used for illegal trade instead of being the money exchanged on top of illegal trade platforms. I don’t necessarily agree or disagree with Roger’s philosophy on what “cryptocurrencies” should be. However, I know what Bitcoin is. Bitcoin is simply hard, sound money. That is boring to a lot of those in the “cryptocurrency” space, but it is the essential tool that enables freedom for the globe. It allows those in Zimbabwe to have sound currency free from the 50 billion dollar bills handed out like candy by the government. It allows those of us in the US to be free from the arbitrary manipulation of the Fed. Hard, sound, unchanging money that can be used as peer to peer digital cash IS the killer use case of Bitcoin. That is why we are here building on top of Bitcoin Cash daily. When Roger and ABC want to play ball with governments across the globe and turn Bitcoin into something that puts it in legal jeopardy, it threatens the value of my bitcoins. Similar to the uncertainty we go through in the US every year as we await the arbitrary interest rates handed out by the Fed, we are now going to wait in limbo to see if governments will hold Bitcoin Cash miners responsible for enabling illegal trade at a protocol level. This is an insanely dangerous prospect to introduce to Bitcoin (BCH) so early in its lifespan. In one of Satoshi Nakamoto’s last public posts, he made it clear just how important it was to not kick the hornet’s nest that is government:
“It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.” – Satoshi Nakamoto 12/11/2010
Why anyone would want to put our opportunity of sound monetary policy in jeopardy to enable illegal trading at a base protocol level is beyond me. I respect anyone who has an anarcho-capitalist ideology. But, please don’t debase my currency by putting it at risk of legal intervention because you want to impose that ideology on the world. We took the time to set up a Q&A with the Bitcoin SV developers Steve Shadders and Daniel Connolly. We posted on Reddit and gathered a ton of questions from the “community”. We received insanely intelligent, measured, and sane responses to all of the “attack vectors” proposed against increasing the block size and re-enabling old opcodes. Jonathon Toomim spent what must have been an hour or so asking 15+ questions in the Reddit thread of which we obtained answers to most. We have yet to see him respond to the technical answers given by the SV team. In Roger’s entire video today about the upcoming November fork, he didn’t once mention one reason why he disagrees with the SV roadmap. Instead, he has decided to go on Reddit and use the same tactics that were used by Core against Bitcoin Unlimited back in the day by framing the upcoming fork as “BCH vs BSV”, weeks before miners have had the ability to actually vote. What Bitcoin SV wants to accomplish is enable sound money for the globe. This is boring. This is not glamorous. It is, however, the greatest tool of freedom we can give the globe. We cannot let ideology or personalities change that goal. Ultimately, it won’t. We have been continual advocates for miners, the ones who spend 1000x more investing in the network than the /btc trolls, to decide the future of BCH. We look forward to seeing what they choose on Nov 15th. Roger mentions that it is our right to fork off and create our own chains. While that is okay to have as an opinion, Satoshi Nakamoto was explicit that we should be building one global chain. We adhere to the idea that miners should vote with their hashpower and determine the emergent chain after November 15th.
“It is strictly necessary that the longest chain is always considered the valid one. Nodes that were present may remember that one branch was there first and got replaced by another, but there would be no way for them to convince those who were not present of this. We can't have subfactions of nodes that cling to one branch that they think was first, others that saw another branch first, and others that joined later and never saw what happened. The CPU proof-of-worker proof-of-work vote must have the final say. The only way for everyone to stay on the same page is to believe that the longest chain is always the valid one, no matter what.” – Satoshi Nakamoto 11/09/2008
Connor of The BCH Boys
Edit: A clarification. I used the phrase "Bitcoin is boring". I want to clarify that Bitcoin itself is capable of far more than we've ever thought possible, and this statement is one I will be elaborating on further in the future.
I'm an early Bitcoin adopter. As of today, I own no Bitcoin. RaiBlocks is my biggest holding. Here are my thoughts regarding the current situation.
I might get some shit for this, even from this community. I was an early adopter in Bitcoin since 2013 when the BTC price was in double digits. I didn't buy an insane amount, but I also didn't sell until mid to late 2017. I held through the Mt. Gox scandal, Silk Road shutdown, all of the China bannings... The first time I sold any was when Jihan and his crew announced that they would hard fork. The community had already become toxic, and everything you saw on Reddit was related to the "war" and how other coins sucked. This was in contrast to the good ol' days when you could go online and read about the technology and its progress. Despite all of the drama, I was still a Bitcoin fanatic. I didn't like Ethereum at the time because all of the Ethereum fanboys were talking shit about Bitcoin and how "the flippening" was coming, and I was on the "Bitcoin side." Slowly, I had started to lose faith in Bitcoin due to this ever-worsening dipolar situation where the Bitcoin fans had divided into Core supporters vs Bcash supporters. The Core devs would absolutely refuse to allow 2mb blocks (and mentally insane Luke Jr even wants to reduce BTC blocksize), and the Bitcoin Cash fans wanted endless blocksize with no Segwit or other improvements. Kind of like Democrat versus Republican where you need to be one or the other, or else you don't fit in. There is an old Arab proverb: “I against my brother; I and my brother against my cousin; I and my brother and my cousin against the world.” Unfortunately we are still not at the point where we can act amicably towards one another - even in cases where two coins are not direct competitors... And I realize now how I got sucked into the Bitcoin cult and the r-bitcoin vs r-btc war. I realize that I had slowly become blind. In late 2017, I was still moving BTC around in contrast to some people who put it into cold storage and forget about it. I was quickly becoming tired of waiting to see if my $15 fee transaction would get me into the next block or three. I was tired of waiting to see when my transaction would get its first confirmation. I would wait between one hour and days to see when my transaction got a certain amount of confirmations. In the early days of Bitcoin, the most popular meme and one of the few memes posted was comparing the transaction costs of Western Union and MoneyGram to Bitcoin. In early December I sold some BTC for RaiBlocks. It was a new technology that I didn't know much about (relative to Bitcoin, which I know a lot about), and it wasn't popular at all. When I read more about Raiblocks, I sold all of my "faster" altcoins into it (i.e. Litecoin and Vertcoin). And even more of the "king" Bitcoin. I grow tired of people trying to make a quick buck while fomo'ing into shitcoins and not caring about technology or purpose. Bitcoin no longer deserves to be in the #1 spot. As of today, I own no Bitcoin. I sold every last bit of it. I put it into RaiBlocks and Monero, and Ethereum. I put my money in the coins that deserve it. The coins that the world needs. And the three biggest needs in my opinion are that of a fast, digital, decentalized currency with no fees; a complete privacy coin that may be slower and higher in fee; and a platform for applications. Bitcoin is the next Myspace. It no longer solves a problem or fulfills a need. Nano. Monero. Ethereum. Nano/RaiBlocks is doing remarkably well despite these exchange problems. The developers are doing a remarkable job. Hell, even BitGrail may be doing a really good job with respect to the amount of resources they have. Remember the saying "be greedy when others are fearful"? Stop being so god damn impatient! If Nano were to fail for some weird reason, then so be it. I'll see you guys later, one way or another. Either on the sea floor or the moon.
It is sheltered to state that Bitcoin's cutting edge history, which can be put to begin in mid 2017 conveys such a great amount about Bitcoin itself, just as DLTs as an idea, that can be ascribed to 90% of what's conveyed as far as data, reception, guidelines and genuine use-cases, other than Silk Road in Bitcoin's entire history. The 'huge siphon' and the difference in heart of non-adherents (2017-2018) In 2017, the Ethereum blockchain began to develop and engage a progression of introductory coin contributions (ICOs), basically a type of raising money for new companies through digital forms of money. We are presently at a point where over a thousand distinctive altcoins have risen and are frantic to draw in clients who might see their separate computerized monetary standards and additionally tokens as a vital utility. The facts confirm that the vast majority of the ICOs bombed deliberately, as they were unregulated tricks that accumulated your valuable Bitcoin BTC, - 5.37% and Ethereum ETH, - 6.34% in return for a token that may never come around, and hence you're left with an advanced resource that no one can sell or purchase regardless of whether they needed to. Surprisingly more terrible, universal level Ponzi plans, for example, the notorious Bitconnect oversaw not exclusively to increase worldwide contributing consideration however it additionally was quick enough to do as such and afterward out of nowhere vanish with the year's change, slamming from a main 10 cryptographic money dependent on showcase capitalization to the most erratic leave trick in the scene. Individuals began to fear digital forms of money and Bitcoin by and by, and in spite of the way that there were yet practically missing guidelines to control such criminal behavior in the DLT area, financial specialists still didn't totally surrender the market. This vulnerability, added to coins like Jesus Coin made individuals shake their heads, set their fervor aside, and think straight: "We're all here for Bitcoin". From ICOs that didn't make it, to purposeful tricks, the recipient gatherings of these ventures needed to by one way or another reclaim their 'plunder' and more often than not excessively would be interpreted as 'selling their very own stake in return for Bitcoin'. https://preview.redd.it/0bma1k1p6vb41.jpg?width=275&format=pjpg&auto=webp&s=cee92718759e65049ec8257ae7ba5e0bbca87a4f The BTC value rally basically made any individual who had in any event $50k worth of BTC under lock and key toward the start of the year for all intents and purposes a tycoon before the finish of 2017. This occasion started the start of the cutting edge period of Bitcoin brought about two primary factors that moved the worldwide viewpoint on conveyed record innovation. Initially, the news figured out how to spread so quick, up until this point, in late 2017/mid 2018, anybody from butchers to top-level supervisors began to discuss Bitcoin and coins by and large. The most significant thing was the way that legislatures, the scholarly community, and businesses began to jump into DLTs, and exploring different avenues regarding Bitcoin blockchain, private blockchains that might have a local money, and altcoins that guaranteed something other than what's expected from only an option financial framework. Around then, obviously we previously had an option advanced money related framework and it worked fine and dandy. It worked throughout the previous nine years in a row, so we were prepared to concentrate on the more mind boggling viewpoints this progressive innovation conveys.
Active Bitcoin Addresses at Highest Since 2017’s $20K Price Record - October 23, 2020 Full interview with Galaxy Digital CEO Michael Novogratz on the election, Bitcoin and more - October 23 ... It’s now advised to wait for 30 confirmations instead of 6, because, much like VISA and Mastercard, you have to wait an entire day for your card to be approved. The flood of test transactions on top of this is like diarrhea icing on a shit cake. Buttcoin/ Reddit. Bitcoin haiku. killhamster bitcoin, buttcoin, funny 0 Comment April 13, 2015. A couple of days ago someone in our dedicated ... The bitcoin will be on your account after you have about 6-7 "confirmations". To check your "confirmations" click your transaction. Step four: Sending bitcoin to Silkroad anonymously . Open your bockchain app and select "Send money", then select "Shared coin". It is important to use Block chain's "Shared coin" option if you wish for your bitcoin to be completely anonymous. In the "from:" area ... There’s nothing particularly special about a bitcoin transaction. Every day, 300,000 of them occur on the BTC and BCH networks without fanfare. But There’s magic and mystery encoded in ... The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol.Users send and receive bitcoins, the units of currency, by broadcasting digitally signed messages to the network using bitcoin cryptocurrency wallet software. Transactions are recorded into a distributed, replicated public database known as the blockchain, with consensus achieved by a proof-of-work ...
The Cool Kids Discuss Bitcoin and Online Black Market Silk Road Bedroom Beethovens Clip
Sir Michael Rocks and Chuck Inglish (known collectively as ‘The Cool Kids‘) have been busy in the booth as a duo again. As a big fan of their music, I’ve kno... Ce pump nous a permis d’avoir une confirmation très pertinente sur le graphique de 14 jours. La clôture mensuelle est très importante mais nous avons encore ... Hello I'm Andrew Hales and welcome to another edition of Chatting With! Business Inquires: [email protected] Bitcoin & the Silk Road Connection - Joe Rogan Experience facepalmsociety4. Loading... Unsubscribe from facepalmsociety4? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 10 ... Here are Today's MadBits: Bitcoin prices are in outer ... Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect ...