The Dark Web’s Top Drug Market, Evolution, Just Vanished

Re:The Dark Web’s Top Drug Market, Evolution, Just Vanished by ChartsNGraffs on Wednesday March 18, 2015 @04:22PM (#9228410)

Perhaps I don't understand Bitcoin well enough, but wouldn't these guys out themselves the instant they try and spend them because of the public transaction history?

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Re:The Dark Web’s Top Drug Market, Evolution, Just Vanished by maxerickson on Wednesday March 18, 2015 @04:36PM (#9228506)

It depends on how bitcoin flowed through their system. If funds flowed through a small number of addresses, the stolen bitcoin could have ended up in dozens of addresses that are difficult to distinguish from the seller addresses (short of enumerating the great majority of addresses used by sellers).

It could also already be in cash.

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Re:The Dark Web’s Top Drug Market, Evolution, Just Vanished by mcintyre1994 on Wednesday March 18, 2015 @04:24PM (#9228426)

There are tumbler services, no idea how well they work or how many are compromised but in theory it seems like it could work.

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Re:The Dark Web’s Top Drug Market, Evolution, Just Vanished by Phlarp on Wednesday March 18, 2015 @05:13PM (#9228732)

I'm surprised we haven't seen more theft and fraud with the tumblers. I used one out of curiosity about two years ago and the experience was basically to fill out a super shady looking webform, send the coins to the address it gives you, and then pray like hell that they come back out the other end.

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Re:The Dark Web’s Top Drug Market, Evolution, Just Vanished by DINKDINK on Wednesday March 18, 2015 @08:05PM (#9229467)

The CoinJoin proposal[0] by Greg Maxwell provides transaction-history-tracing erasure capabilities. JoinMarket[1] is a market driven approach to incent CoinJoin mixing

[0]https://bitcointalk.org/index.php?topic=279249.0 [1]https://bitcointalk.org/index.php?topic=919116.0

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Re:The Dark Web’s Top Drug Market, Evolution, Just Vanished by maxerickson on Wednesday March 18, 2015 @05:45PM (#9228906)

It kind of ironic, but dark markets are in a great position to offer a coin re-tainting service.

It isn't quite the same thing as a tumbler, but they have busy addresses and lots of volume to obscure things with.

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Re:The Dark Web’s Top Drug Market, Evolution, Just Vanished by Hermel on Wednesday March 18, 2015 @05:15PM (#9228749)

They only work for small volumes.

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