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DarkMarket, the Decentralized Answer To Silk Road, Is About More Than Just Drugs
Daniel_Stuckey (2647775) writes "If you were anywhere near the internet last week, you would have come across reports of 'DarkMarket', a new system being touted as a Silk Road the FBI could never seize. Although running in a similar fashion on the face of things — some users buy drugs, other sell them — DarkMarket works in a fundamentally different way to Silk Road or any other online marketplace. Instead of being hosted off a server like a normal website, it runs in a decentralized manner: Users download a piece of software onto their device, which allows them to access the DarkMarket site. The really clever part is how the system incorporates data with the blockchain, the part of Bitcoin that everybody can see. Rather than just carrying the currency from buyer to seller, data such as user names are added to the blockchain by including it in very small transactions, meaning that its impossible to impersonate someone else because their pseudonymous identity is preserved in the ledger. Andy Greenberg has a good explanation of how it works over at Wired. The prototype includes nearly everything needed for a working marketplace: private communications between buyers and sellers, Bitcoin transfers to make purchases, and an escrow system that protects the cash until it is confirmed that the buyer has received their product. Theoretically, being a decentralized and thus autonomous network, it would still run without any assistance from site administrators, and would certainly make seizing a central server, as was the case with the original Silk Road, impossible."
"Is About More Than Just Drugs"
But really...it's about drugs. You don't need to sell Beanie Babies anonymously.
Well, if the FBI were smart, then it would have been them writing that software. Or asked the NSA to do it for them. As a bonus, they get all other information on the participant's computers.
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
So let me get this straight:
There is this site. A site designed for illegal activities...
And all I need to do is load their software onto my computer? Gosh, where do I sign up.
I mean, I always trust software from shady characters. That sounds totally safe.
If you were anywhere near the internet last week, you would have come across reports of 'DarkMarket'
Can we get some editors to remove this crap? It's just a stupid marketing gimmick -- "What, you haven't heard of [PRODUCT_NAME]? You must be living under a rock! Everyone who's anyone knows about [PRODUCT_NAME]!"
I doubt there will be any "legitimate" uses of this particular technology.
However, it may be a model on which we can base future online retail. The existing model is utterly broken: I really don't want databases all over the world holding my username, password, credit card details and billing address waiting for the next SQL or SSL vulnerability to vomit the information into the hands of criminals. Nor do I want to trust, use or respect services like paypal.
View this as an iteration towards a more secure and decentralised system for legitimate commerce which keeps credit card and escrow companies out of the equation. Surely that is a good thing?
Testiculos habet et bene pendentes.
Maybe I'm confused, but it sounds to me like what 'DarkMarket' is doing is irrevocably marking some transactions as being associated with DarkMarket. That strikes me as much like writing 'I was used to buy drugs' on a $50 note except that someone can check the entire transaction history of the $50 note back to the beginning of time.
I guess it will be interesting for researchers assess the proportion of BC that is being used for dubious purposes (unless you actually believe things like 'banned books' are going to be traded on DarkMarket except at the very margins), and feds who want to find people selling drugs (because BC itself is not anonymous).