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$1B of Bitcoin from Silk Road wallet moves for first time since 2015
hamsterbob:
--- Quote from: nzniceguy on November 05, 2020, 04:48:53 AM ---Quote "This little site here, and you guys are kinda special to me. So i'll say: if you're not up to date, stayign up to the minute up to date on bitcoin and similar TODAY, you're gonna think of me and imagine the "I told ya so" dance=P"
What do you mean? It would pay to invest in bitcoin right now? Or something else?
--- End quote ---
whatevers Ive been following coins since I the early 2000's my first purchase was some dogecoin for this anonymous satellite calls :P
I was a weird kid...
ketosis:
haha, you think you can safely bring up dogecoins without me pointing out(with reverence) that sure, although they are by definiton incapable of gaining value, they are also governed by Chaos Magick practitioners=D
Well no one KNOWS how it works, but I'm in fundamental analysis. for the last 3 - 4 years, its clear that so-called 'Whale Manipulation" has been occurring for the purpose of making it as difficult as possible to use fundamental analysis to predict shifts in value. Before that, by hanging out with crypto investors, darknet underworld(the two seem to be unaware of each other), and a touch of common sense, I was able to correlate significant shifts in it's value to events in the news
ketosis:
--- Quote from: hamsterbob on November 05, 2020, 08:45:58 AM ---I wonder how that works? to my knowledge there was a massive sale of all the vendor coins at one stage.
How can you move your coins out of a seized wallet?
--- End quote ---
You can't. That's why we know that the wallet this article refers to was not that of Ross Ulbricht who is serving 2 life sentences, and the coins the siezed and auctioned off from him were a drop in the pale compared to this.
With bitcoin there's a public ledger. So with a decent sense of InfoSec anonymity and security, it doesn't matter that the whole world is watching what you do with your wallet or transactions. There's still no way to know who is doing it
CHEMICALCOWBOY36:
--- Quote from: ketosis on November 05, 2020, 10:53:51 AM ---
--- Quote from: hamsterbob on November 05, 2020, 08:45:58 AM ---I wonder how that works? to my knowledge there was a massive sale of all the vendor coins at one stage.
How can you move your coins out of a seized wallet?
--- End quote ---
You can't. That's why we know that the wallet this article refers to was not that of Ross Ulbricht who is serving 2 life sentences, and the coins the siezed and auctioned off from him were a drop in the pale compared to this.
With bitcoin there's a public ledger. So with a decent sense of InfoSec anonymity and security, it doesn't matter that the whole world is watching what you do with your wallet or transactions. There's still no way to know who is doing it
--- End quote ---
care to elaborate on tradecraft security?
ketosis:
--- Quote from: CHEMICALCOWBOY36 on November 05, 2020, 11:11:41 AM ---
care to elaborate on tradecraft security?
--- End quote ---
Well, if you mean in regards to just having and moving a lot of bitcoin, that question purely by itself:
Hardware wallets - it's like a digital safe
custodial wallets - Electrum is the accepted standard, since it's opensource, on GitHub, etc. So it's not actually possible to hide any code. In this case it's just a software wallet. There will be a 'seed', a private key, but all that can be accessed if you remember your password.
One nifty thing, is if you're in a TOR environment, I GUESS you could do it in Windows but I don't see much of a point in attempting to be secure if youre just gonna run Windows. But especially in linux or the versions of linux designed for anonymity, you can set the TOR network, port 9050 or 9150 for ALL network traffic in your computer's environment. And then just turn a setting on in electrum, and the little circle goes from blue to green. This means that you are now not only anonymous thanks to bitcoin, but everything you're doing with it is going through a SOCKS5 TOR based proxie(no 'VPN' on earth can do this), and this is free.
But really forget everything I just said and don't use Bitcoin, use monero.
This is a pretty good resource:
https://darknetlive.com/dnmbible.pdf
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