YOUR SLOPPY BITCOIN DRUG DEALS WILL HAUNT YOU FOR YEARS
From Wired
PERHAPS YOU BOUGHT some illegal narcotics on the Silk Road half a decade ago, back when that digital black market for every contraband imaginable was still online and bustling. You might already regret that decision, for any number of reasons. After all, the four bitcoins you spent on that bag of hallucinogenic mushrooms would now be worth about as much as an Alfa Romeo. But one group of researchers wants to remind you of yet another reason to rue that transaction: If you weren't particularly careful in how you spent your cryptocurrency, the evidence of that drug deal may still be hanging around in plain view of law enforcement, even years after the Silk Road was torn off the dark web.Read more:Researchers at Qatar University and the country's Hamad Bin Khalifa University earlier this week published findings that show just how easy it may be to dredge up evidence of years-old bitcoin transactions when spenders didn't carefully launder their payments. In well over 100 cases, they could connect someone's bitcoin payment on a dark web site to that person's public account. In more than 20 instances, they say, they could easily link those public accounts to transactions specifically on the Silk Road, finding even some purchasers' specific names and locations.
"The retroactive operational security of bitcoin is low," says Qatar University researcher Husam Al Jawaheri. "When things are recorded in the blockchain, you can go back in history and reveal this information, to break the anonymity of users."
This is definitely a case of people really not understanding what the hell they are doing and simply following some instructions and maybe taking a little shortcut. If you know what you are doing it is possible to use these services to make transactions for virtual products completely anonymously. Shipping physical products always comes risk though. You have to get your stuff and in that you expose yourself.
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FUD never ends... They keep bashing people over the head with it...
thats wild.
itd be crazy to see people getting snatched up for the purchases so long ago...well as long as they didnt off themselves already for trading those coins for a high anyways.
Thank you for this informative post. Please keep going to share
The old challenge of crime and money, how do you keep the illegally obtained money from being connected to you?
It is a whole other skill set.
This post has received a 0.03 % upvote from @drotto thanks to: @banjo.
Hopefully, statutes of limitations will apply for those early Silk Road deals when those Bitcoin users did not know how to protect their privacy. Now they should know privacy comes before profit.
So it's better to go buy to a street drug dealer ...
Buying weed on the web make the streets more secure because dealers stays at home and ship their stuff, buying in the street make them go out, and make the streets more insecure and less friendly for 'normal' people ...
Sneaky Ninja Attack! You have been defended with a 15.27% vote... I was summoned by @contentjunkie! I have done their bidding and now I will vanish...Whoosh