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On the topic of darknet markets, I keep thinking that a darknet gold/hard currency market would be way more interesting than drugs. It would provide a way to
by buffalobuffalo 5y ago
On the topic of darknet markets, I keep thinking that a darknet gold/hard currency market would be way more interesting than drugs. It would provide a way to convert crypto to real world fungible assets outside of the exchanges. Wonder why it has never been done.
- barnabee 5y agoThere’s https://bisq.network/ https://bisq.network/
- tjader 5y agoThere are such markets in the open, as trading gold and crypto is mostly legal, so where's the demand for a dark market for those?
- vidarh 5y agoThe point, I think,would be an on/off ramp that ignores KYC and isn't receptive to court orders to reveal customer information.
- tjader 5y agoAren't localbitcoins.com and similar markets that?
- vidarh 5y agoDo you think they'd ignore a court order?
- tjader 5y agoThey don't handle the trades themselves. You use them to find a person and trade directly with them.
- ev1 5y agoLocalbitcoins has required mandatory KYC for quite a while, like postpaid phone number, no prepaid, no throwaway just to be able to send a message. You're effectively locked out from talking to others or reading listings until you KYC.
- easrng 5y agoIIRC LocalMonero/AgoraDesk doesn't require KYC.
- goatsi 5y agoThere have always been vendors on the markets who have purported to send you cash in the mail for your bitcoins. Several vendor arrests have been attributed to theses vendors being government agents (or to keeping customer records that were discovered after their arrests).
- everforward 5y agoIt's much more difficult to cloak, because the transactions are necessarily tied to a physical address. If you're okay with being identified, why not use the legal markets? If you're not okay with being identified, you probably don't want to leak a physical address. I struggle to think of useful ways of cloaking the physical transaction. You can have it shipped somewhere you don't live, but then you have to get there to pick it up, probably leaving a massive trail of GPS data and gas receipts. I wouldn't be surprised if shipments of gold or cash raise eyes at customs, either.
- boring_twenties 5y agoI must be missing something, how doesn't a drug market require a physical address?
- 7steps2much 5y agoI think what OP was trying to get at is that a dark web crypto exchange would not offer any benefit over a clear web one (both need to know who you are to send cash). Meanwhile, there simply is not clear web drug store, so dark web ones don't have to offer anonymity to their buyers
- conductr 5y agoRequired to buy, the seller is at higher risk and wants to be anonymous and does not need to provide an address to fulfill orders... same goes for the host of the hidden service
- Melatonic 5y agoYou are probably better off just using Craigslist and finding legit Gold/Silver deals to do transactions with in person. Of course you need to make sure to vet them carefully and also check and make sure whatever you are buying or selling is actual gold/silver.