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Thread: Bitcoins are officially donkdown

  1. #6501
    Platinum Krypt's Avatar
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    ripple/“XRP” is basically a scam

  2. #6502
    Plutonium sonatine's Avatar
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    https://gizmodo.com/huge-child-porn-...ity-1839098730

    feds just basically admitted that btc is 100% de-anonymized as far as their investigative capacities are concerned.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  3. #6503
    How Could You? WillieMcFML's Avatar
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    Quote Originally Posted by sonatine View Post
    https://gizmodo.com/huge-child-porn-...ity-1839098730

    feds just basically admitted that btc is 100% de-anonymized as far as their investigative capacities are concerned.
    4Dragons is this true???

    I'm not an expert, but my guess is they were able to unmask perps by creating a tor honeypot to get IP addresses and then subpoena vs backtracing bitcoin addresses
    Hi Lew!!!

  4. #6504
    Owner Dan Druff's Avatar
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    Because all bitcoin transactions are written to the blockchain, law enforcement can trace subsequent and prior transactions in an effort to unmask the suspect.

    Examples:

    John Pervo spends $50 in bitcoin on child porn, then also cashes out $1000 of bitcoin through Coinbase. They identify him through Coinbase.

    John Pervo spends $50 in bitcoin on child porn, then purchases an item through an online merchant which accepts bitcoin. They identify him through the merchant.

    John Pervo spends $50 in bitcoin through blockchain.info. Law enforcement gets blockchain.info to give up their IP address, which is then traced to John.

    You get my point.

    The only way to truly be anonymous with bitcoin is to use an untraceable IP, buy the bitcoin from someone who doesn't know who you are (such as through the localbitcoins site), pay them in cash, and then never use that wallet in any way which can be tied to you.

    Or, to put it simply, they backtraced it.


  5. #6505
    Diamond TheXFactor's Avatar
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  6. #6506
    Gold Salty_Aus's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Because all bitcoin transactions are written to the blockchain, law enforcement can trace subsequent and prior transactions in an effort to unmask the suspect.

    Examples:

    John Pervo spends $50 in bitcoin on child porn, then also cashes out $1000 of bitcoin through Coinbase. They identify him through Coinbase.

    John Pervo spends $50 in bitcoin on child porn, then purchases an item through an online merchant which accepts bitcoin. They identify him through the merchant.

    John Pervo spends $50 in bitcoin through blockchain.info. Law enforcement gets blockchain.info to give up their IP address, which is then traced to John.

    You get my point.

    The only way to truly be anonymous with bitcoin is to use an untraceable IP, buy the bitcoin from someone who doesn't know who you are (such as through the localbitcoins site), pay them in cash, and then never use that wallet in any way which can be tied to you.

    Or, to put it simply, they backtraced it.

    The average pedo who buys BTC to access a kiddie porn site wouldn't be hard to trace.

    But if you're a sophisticated crook it's not that hard to hide/obfuscate BTC transactions.

    Dark Web wallets.
    Tumbling services like Helix.
    Unregulated exchanges.
    Anonymous gambling sites.
    Dark Web market transactions.
    And of course localbitcoins like Druff said.

    Don't simply rely on one approach, layer the transactions multiple times.

    Logless VPN accessed via Tor on public wifi like at my local Mcdonalds would be impossible to trace IP.

    At the end of the day though, it does open you up to being robbed in the process. Gambling site might rob you, unregulated exchange might rob you, dark web markets have a habit of just disappearing too. Helix might rob you. Localbitcoins is not safe either.

  7. #6507
    Plutonium sonatine's Avatar
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    if you want to know how to do anonymous btc transactions, there is no need to look further than what russian carders have been doing for decades;

    hire mules to convert cash to bitcoins via kiosks or face to face transactions.

    then buy a burner phone, stick a wallet on it, xfer btc, and bobs your uncle.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  8. #6508
    Owner Dan Druff's Avatar
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    You missed your cue, sonatine.

    Bitcoin lost another 10% yesterday, and sits at $7400 or so.


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    Plutonium sonatine's Avatar
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    Quote Originally Posted by Dan Druff View Post
    You missed your cue, sonatine.

    Bitcoin lost another 10% yesterday, and sits at $7400 or so.


    Yeah I just re-upped because 99 times out of a 100 we are back to 8350 by Monday, but that said I just re-upped so gg nosedive to 6200.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  10. #6510
    Plutonium sonatine's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Dan Druff View Post
    You missed your cue, sonatine.

    Bitcoin lost another 10% yesterday, and sits at $7400 or so.


    Yeah I just re-upped because 99 times out of a 100 we are back to 8350 by Monday, but that said I just re-upped so gg nosedive to 6200.

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    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  11. #6511
    Owner Dan Druff's Avatar
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    Well, that is... fortunate.

    Good call on the re-upping. Easy $.

    I'm also happy I didn't just load BTC onto a sportsbetting site last night which I was very close to doing, because I was thinking it might pop back to 8xxx and didn't want to be annoyed that I was "down" before placing a single bet with the money.

  12. #6512
    Plutonium sonatine's Avatar
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    i mean sooner or later im going to get stung but these massive drops _always_ bounce back to 8300+.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  13. #6513
    Platinum ftpjesus's Avatar
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    Quote Originally Posted by sonatine View Post
    i mean sooner or later im going to get stung but these massive drops _always_ bounce back to 8300+.
    over 9500 now. Could be related to news BTC hit 18M mined which when it hit 17M caused a massive price run up..

  14. #6514
    Owner Dan Druff's Avatar
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    9200 right now as I type this. Tempted to unload some of my 2.5 BTC but I might wait a bit longer. Pretty sure it won't stay over 10k if it manages to breach that point.

  15. #6515
    Plutonium sonatine's Avatar
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    i dont think it will ever reach 10k, for every person holding for a 10k sale there are a hundred ready to jump ship at 9900 so they dont get shut out and for every one of them there are a thousand looking to beat them to the punch at 9800, etc etc.

    plus what with bitcoins being donkdown its even less likely.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  16. #6516
    Owner Dan Druff's Avatar
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    Jumped to over 9700 twice today. Sits in the high 9500s right now.

    Decided to withdraw most of my remaining 2.38 BTC, but Gemini is idiotic and the fees are bruuuuuuutal now (2%).

    Fuck them. Signing up for a different service.

    The Winklevoss twins can suck a big black penis.

  17. #6517
    Owner Dan Druff's Avatar
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    Well, Binance has gotten stuck verifying me, and their "5 minute" process has taken 3 hours and counting, presumably not going to be handled til tomorrow.

    Lord help me with BTC in the 9800 range.

  18. #6518
    Owner Dan Druff's Avatar
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    Okay, so Binance finally approved me. Their "5 minutes" ended up being 6 hours, and BTC fell 4% and is still dropping (currently like 9520), but whatever.

    Coinbase and Gemini are totally idiotic now with their 2% fees. Binance blows them away.

    Might as well make us both some Jew $ too.

    https://www.binance.us/?ref=35029165

    Use that link to sign up and we both get $15.

    Just don't let the mods of this site find out I'm spamming referral codes, or I might get banned from here.

  19. #6519
    Owner Dan Druff's Avatar
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    In the meantime, BTC is falling as I am waiting for my BTC to get over to Binance.

    Wheeeeeeeeee

  20. #6520
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    Quote Originally Posted by Dan Druff View Post
    Well, Binance has gotten stuck verifying me, and their "5 minute" process has taken 3 hours and counting, presumably not going to be handled til tomorrow.

    Lord help me with BTC in the 9800 range.
    Didn’t Binance stop service to US citizens?

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