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Irony at its finest here. If you're going to go to the effort to use a decentralised currency that is difficult to track to a particular individual for a websit
by DigitalSea 13y ago
Irony at its finest here. If you're going to go to the effort to use a decentralised currency that is difficult to track to a particular individual for a website selling illicit drugs and items served via a decentralised and anonymously run network, don't expect any sympathy when your Bitcoin goes missing... You go to the great effort of avoiding conventional means of currency (banking, trackable transactions to individuals) and yet you realise how the traditional banking system in many ways while not being perfect protects you from a lot of this type of activity. If an attacker hacks into your Internet banking or your credit card is stolen, you in most cases get the money back.
No monetary system is perfect, and I think these increasingly frequent scenarios where X amount of crypto-currency is "stolen" and cannot be recovered drive that point home. I strongly believe that crypto-currency has a bright future, I own a few Bitcoin myself and many other alternative crypto, but I don't entrust and never would entrust my coins in a drug-dealer exchange escrow wallet, I keep them on my computer and in cold storage. These kind of situations just keep driving BTC's price down further, we don't need a Silk Road for Bitcoin to succeed.
This whole situation really just makes me laugh. Some people have no faith in the traditional system of Government or currency, but for some reason have faith in a system and currency that is inherently insecure, unpredictable and when shit hits the fan, there's nobody to help you...
- aianus 13y agoYour point about the traditional banking system is irrelevant since there's zero chance of successfully buying a kilo of coke with your Visa card. So whether it's bricks of cash or shady darknet sites, the prohibition on drugs necessarily doesn't leave one with much recourse when transactions go wrong.
- girvo 13y agoWell, actually, people don't trust these new markets either. So many have been hacked, or been scams, that those with the most to lose have been pretty careful or exited this online game altogether.