This is an archived post.You won't be able to vote or comment.I'm the CEO of an online underground black market, AMA (self.IAmA)submitted by I'm the CEO of the deepweb Atlantis blackmarket (/r/atlantis) Here's a screenshot of our current homepage: /r8lgnj0ht/image.png The Atlantis market trades are made using cryptocurrencies Bitcoin and Litecoin.Edit: Thanks for the approval SupermanV2 (mod) Edit: Since the question has been asked numerous times: the link can be found in the sidebar of our subreddit.Edit: We're back answering questions.π Rendered by PID 13597 on app-521 at 2017-06-24 11:40:29.371317+00:00 running 3522178 country code: SG.Every shrub, every tree — if one has not forgotten where they were planted — has beneath the fallen snow some vestige of its form.Dark Net Markets Finally Embracing A Bitcoin AlternativeForget Litecoin or Ethereum.Monero is the new choice for online drug dealersTwo of the dark net’s largest online black markets have announced plans to accept a new online currency that promises to be much more anonymous than bitcoin.

This marks a coup of sorts for the new currency, called Monero.As common as alternatives to bitcoin are—and there are , if not thousands—none has made much of a dent in bitcoin’s market share or its ubiquity for online black markets But at least two markets, and , are betting that Monero is different.Both announced this week that they will start accepting the currency as their first-ever alternative to bitcoin.choi game kiem bitcoinThe timing was purely coincidental, an Oasis representative told Vocativ via Reddit message.bitcoin pacman“No connection at all, we don’t have any contact with AlphaBay developers.” Monero’s appeal lies in how it’s built to make transactions anonymous — an obvious plus for someone who’s seeking to buy drugs or hacked material on the black market.bitcoin scrypt kurs

As any bitcoin fan will tell you, part of the beauty of bitcoin is that every single transaction is recorded on the blockchain, a network propped up by bitcoin users.Every user controls a pseudonymous bitcoin wallet, made up of a long string of random letters and numbers, so you can easily see any wallet’s transaction history.litecoin wallet guideMonero, by contrast, creates a new address for every single transaction, making it much harder, or perhaps impossible, for someone not involved in a transaction to track it.bitcoin lawsuit canadaMonero is significantly newer and more untested than bitcoin, and it’s used by a fraction of as many people.bitcoin ataque 51As Motherboard , unlike many altcoins like Dogecoin and Litecoin, Monero isn’t built using bitcoin’s protocol.online wetten bitcoin

The other high-profile online currency that isn’t based on bitcoin, Ethereum, was recently cleverly exploited by a hacker, causing a among users and developers about the coin’s future.For a better experience on Facebook, update your browser.Log InSign UpLog InSign UpNot NowLitecoin developer Charlie Lee shocked many community members last month when he said “Litecoin does not need development right now.” Rather, he said, the coin needed users, liquidity, and merchant acceptance to succeed in the long term.bitcoin eth chartHowever, the coin has struggled to achieve any of those aspirations, and the bitcoin price decline has weakened faith in the cryptocurrency industry as a whole.ethereum visionConsequently, investors have begun losing faith in altcoins, and in turn the litecoin price is bottoming out.Also read: Litecoin and Dogecoin to Join Forces for Charity The litecoin price declined consistently throughout 2014 and has continued to fall during January.

As recently as June, the litecoin price exceeded $10.During the past month, the litecoin price declined from $3 to $1.40–an alarming decline for one of the industry’s most prominent coins.Connor Black, CEO of digital currency service Harborly, told CCN he believes the litecoin price decline is a by-product of the bitcoin price downtrend.Even though litecoin’s largest trading pair is USD, bitcoin’s vastly superior market cap (among cryptocurrencies) governs the direction of the litecoin price.A major problem with the Litecoin price is the currency’s failure to distinguish itself as little more than the speculative younger brother of Bitcoin.Looking at this last year you see that Bitcoin and Litecoin have had strong price correlations, with Litecoin usually trending further in either direction.When Bitcoin falls Litecoin plunges, and when Bitcoin rises Litecoin soars.Indeed, altcoin market caps have (generally) evaporated at an even more alarming rate than bitcoin’s.However, Black believes litecoin can regain its swagger if the bitcoin price improves and the cryptocurrency community recognizes Litecoin’s benefits.

For Litecoin to get back on track, the digital currency community needs to recognize some of the big benefits Litecoin can offer.One benefit being that Litecoin transactions are about 4X faster than Bitcoin’s.This can be utilized with great success from casual spending to remittances, ensuring faster service time and less exposure to market volatility.Disclosure: The author is not invested in Litecoin Chart from OKCoin; other images from Litecoin and Shutterstock.Bitcoin is by far the most famous – and biggest – of the cryptocurrencies.But its use comes with a few downsides: it has been proven vulnerable to hacks and fraud, and has become the currency of choice for black-market transactions.Plus, its size, popularity and age all mean that mining new bitcoins is prohibitively expensive and time-consuming for all but the best-equipped.Instead, however, there are a number of ‘altcoin’ currencies in existence.Here’s a small selection of alternatives to Bitcoin – each of which has its own advantages.

All of them share Bitcoin’s fundamental strengths, however – minimal or zero transfer fees, and freedom from traditional banking restrictions.Bitcoin Alternative #1: Litecoin Based on the same protocol as Bitcoin, Litecoin is the second-most widely-known cryptocurrency after Bitcoin.It’s designed to be much easier to mine, thanks to its use of an algorithm designed for Linux backup systems – so you don’t need a supercomputer to get started.New ‘blocks’, or batches of coins, are mined at a rate of 25 per hour./ Value: $1.8 Market cap: $65.727,662 Bitcoin Alternative #2: Ripple Ripple currently has the second highest market capitalization of any cryptocurrency, and it has been compared to Napster for its ubiquitous presence – it accepts any currency, but also other commodities like air miles.The entire concept is trust-based; exchanges are fundamentally a series of IOUs.In fact, Ripple isn’t really a currency itself, but a portal that converts anything into its own currency – XRP – and straight into whatever else it needs to be.

Therefore it also accepts Bitcoin and other cryptocurrencies.One of its big advantages is instantaneous transfers (Bitcoin takes 40 minutes) across any currencies, and the ability to pay for anything, anywhere, without a local bank account, and without fees./ Value: $0.013155 Market cap: $419,763,378 Bitcoin Alternative #3: Primecoin Whereas Bitcoin generates new Bitcoins by proving the validity of previous transactions, Primecoin generates currency by finding long chains of prime numbers, known as Cunningham chains.This means that as well as creating money, you’re performing a scientific task.Unlike Bitcoin, there is no predetermined number of coins in existence.Primecoin’s difficulty increases linearly with each new coin mined, rather than every 2016 like Bitcoin (roughly every two weeks).Coin blocks are generated 10 times faster than Bitcoin, and payments processed equally quickly.http://primecoin.io/ Value: $0.03 Market Cap: 309,786.33 Bitcoin Alternative #4: Namecoin Created in 2011 to explore the record-keeping side of Bitcoin’s technology (Bitcoin’s entire viability depends on the public record of transactions), Namecoin generates .bit web addresses which are censorship free, and unregulated by ICANN, the governing body for domain names.

It allows users to store secure data in very small amounts.Like Ripple, it’s not really a currency in itself, but the .bit DNS addresses change hands just like Bitcoin.It’s generally thought to be a better longer-term bet than many cryptocurrencies, all of which are notoriously volatile.http://namecoin.info/ Value: $0.48 Market cap: $5,100,722 Bitcoin Alternative #5: Dogecoin Created as a joke, following the ‘Doge’ meme, dogecoin quickly found genuine popularity and rose to a peak market cap of over $60m.It is uncapped, meaning a potentially infinite amount can be created, and blocks of coins are mined a lot faster than other currencies – approximately 1 per minute.Dogecoin has become notable for its association with fundraising, with users raising money for African water charities, NASCAR sponsorship and the Jamaican bobsleigh team.It’s traded much, much more than the other altcoin currencies on account of its low unit value and common use for tipping online.