DonateMost active topics
Latest topics
How Bitcoin Price is Controlled by Dark Markets
Page 1 of 1 • Share
How Bitcoin Price is Controlled by Dark Markets
by Vladdirescu Sat Oct 14, 2017 1:44 am
"I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones"
BitcoinTalk post in 2010
You hear stories like that all the time - someone bought, mined, or get payed in Bitcoins in 2011, dumped old computer, and then — bam! — the coins are worth 4 000 $ each in 2017. There is no use crying over spilled crypto milk — very few saw that coming. But what caused such massive cash influx into Bitcoin? Why it makes USDs — the backbone of the fiat financing — seem like a worthless peace of paper? Is BTC just a bubble? There is an answer that no one talks about.
Dark markets are Tor-powered, anonymous libertarian marketplaces, offering everything you can’t buy in Walmart— stolen IDs, cards, drugs, guns, pirated content. In general dark markets are ultra secure and anonymous, because the payments in crypto are anonymous thanks to tumblers or mixers, that basically use coinjoin protocol to launder cash. But most of the time FBI manages to find a way to either DDoS or shed a light on one or two markets each year.
The full article: https://coinidol.com/how-bitcoin-price-is-controlled-by-dark-markets/
BitcoinTalk post in 2010
You hear stories like that all the time - someone bought, mined, or get payed in Bitcoins in 2011, dumped old computer, and then — bam! — the coins are worth 4 000 $ each in 2017. There is no use crying over spilled crypto milk — very few saw that coming. But what caused such massive cash influx into Bitcoin? Why it makes USDs — the backbone of the fiat financing — seem like a worthless peace of paper? Is BTC just a bubble? There is an answer that no one talks about.
Dark markets are Tor-powered, anonymous libertarian marketplaces, offering everything you can’t buy in Walmart— stolen IDs, cards, drugs, guns, pirated content. In general dark markets are ultra secure and anonymous, because the payments in crypto are anonymous thanks to tumblers or mixers, that basically use coinjoin protocol to launder cash. But most of the time FBI manages to find a way to either DDoS or shed a light on one or two markets each year.
The full article: https://coinidol.com/how-bitcoin-price-is-controlled-by-dark-markets/
Vladdirescu- Posts : 721
Reputation : 1
Join date : 2017-04-21
Similar topics» Weekly Price Analysis: Bitcoin Scaled New Price Heights After CME Group’s Announcement
» Bitcoin Price: Expecting SegWit2x BTC Price Shows a Steady Increase
» Bitcoin Price: the Downfall From All-Time Heights. Bitcoin Cash Rises
» Bitcoin Price: BTC Breaks Through $13,000 Ahead of the CBOE’s Bitcoin Futures Launch
» Bitcoin Price: Almost $10,000 Now, What's Next?
» Bitcoin Price: Expecting SegWit2x BTC Price Shows a Steady Increase
» Bitcoin Price: the Downfall From All-Time Heights. Bitcoin Cash Rises
» Bitcoin Price: BTC Breaks Through $13,000 Ahead of the CBOE’s Bitcoin Futures Launch
» Bitcoin Price: Almost $10,000 Now, What's Next?
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Smart Valor — The Future of Global Investments
» Jur — Resolving Legal Disputes with the Help of Smart Contracts
» CDRX — Blockchain Technology in the Traditional Securities Market
» NoahCoin as a Key to Borderless Facilities of Noah Project
» Iconiq Lab — New ICO Accelerator and Decentralized Investment Fund
» Raincheck — Global Bonus System and Loyalty Program on the Stellar Blockchain
» Clintex (Clinical Trials Intelligence) — Alternative Treatment of the Future
» Mobu ICO— The Future of Security Tokenization
» Codex Protocol — Blockchain-based Title Registry of Art and Collectibles
» INGOT Coin Develops An All-Inclusive Ecosystem to Bridge Markets, Revives Lost Demand
» Japan Has Announced New Five-Point Regulations for Cryptocurrency Exchanges
» Trivver — Blockchain-Based Extended Reality Ad Exchange
» OEL Foundation — Unified Logistics Blockchain Infrastructure
» Quadrant Protocol — Data Ecosystem With Authenticity And Provenance
» Pumapay Brings Crypto Payments into Daily Life, Raises $117 mln in Private Token Sale
» FlipNpik — Social Media for Local and Small Businesses based on XLM
» Japanese Bank MUFG Is Planning to Issue a Trial of Its Own Digital Currency
» Blockchain Enters Poland’s Financial Market, Namely the Credit Office
» HSBC Claims it Performed the World’s First Trade Transaction via Blockchain