4 ms·

Buying and selling illicit products on the internet.

• smt88 7y ago
  Or in-person. Any criminal transactions, really (drugs, weapons, people, etc.)
  • bigiain 7y ago
    > Where cash is still a better alternative. I suspect not too many drug dealers or gun runners want to wait around 20 mins staring at their phone (with a traceable internet connection) for 2 confirmations before declaring the deal "done"...
    • smt88 7y ago
      I've read that it's done more like escrow. The buyer creates a new wallet, the seller verifies the amount in the wallet, and then the buyer hands over the keys when the merchandise is transferred.
      • bigiain 7y ago
        That's smart. The seller still needs to make sure the buyer can't get a transaction transferring the coins back into a wallet under their control confirmed before the seller can move them out. (I'm now vaguely curious about how the financial transactions on shipping container sized sales of guns/drugs work. But I'm not about to Google _that_...)