Silk Road forums

You don't need to use "my friend" here

Quote from: blacklisted on October 02, 2012, 07:43 pm

Hi Pine, it's True, I am relatively new to site, and yes my post count is low. However, I do wish to use site safely and improve my way's as I go. I appreciate the concern, can you provide an alternative to PingIt/MTGox type methods for bitcoins?

in my first post i put 'only use if you have a relaxed attitude to your details being used', at least up to the point of stepping stone transfers via wallets. This PingIt method and the MTGox method is the only way I've found ideal for me to do the BTC purchasing and transferring.

If you have a better way, please let me know, as at the moment I find PingIt to be the best way for me. I used MTGox hassle free until they blocked uk deposits and with that I even had to verify my account too, it didn't seem an issue.
Ive taken a look at localbitcoin options and although they do appear more anonymous, I don't want to have to meet someone that's 30+ miles away.

I understand that BTC's can be a suspicious thing but once we have BTC's at, say, Blockchain ... doesn't the jumping through instawallets etc lose the trail?
Also, should we be using instawallets via the TOR browser, or does that not really matter.

if the PingIt method ive mentioned rings loud alarm bells for you, please lead us to a better, safer option.. It could help me and others.

Thanks for your time, I've seen many of your posts and I hold you in high regard on here

[EDIT] --- for DiscreteCat ... I PM'd you, I also got the P2001 error and I believe I know WHY you got yours.. (see PM)

A safer more secure option is to use OTC or over the counter exchange. This will mean instead of using central exchanges which are prone to being subpoenaed, closed down, targeted by hackers, or otherwise a bottleneck in obtaining BTC and not usually a cheap one at that, you are essentially acquiring bitcoins from other people directly in exchange for any payment service they are happy to be paid in.

This provides more payment flexibility. This provides far more anonymity. Since vendors have a easier way to cash out, this may even ultimately mean the transaction cost is lower than the hurdles you must go through today with exchanges if you wish to remain anonymous (e.g. if you use Tor with MtGox, you get red flagged, so it becomes a pain in the ass to be anonymous using it because you have to setup a proxy).

Examples of these OTC worldwide services:

http://bitcoin-otc.com  Note: There are no fees charged period last time I checked. This may appear formidable at first, but do your homework you won't regret it, this will be time saver.
http://www.tradebitcoin.com
https://localbitcoins.com/

The next ones I'm listing are not OTC, but they are compelling because they allow cash deposits (anonymous entry to bitcoin because cash deposits don't require ID, and even if they do, which is super rare, they've nothing to make a comparison to if you have fake ID anyway). Cash deposits and CIM are the only way I would deal with exchanges.

I haven't mentioned them before because I haven't checked them out thoroughly so you'll have to do your own homework but they are:

http://bitcoinme.com/index.php/buy/

If you are in Australia this looks great, cash deposits at 4 different bank branches available:

https://www.spendbitcoins.com/buy/

And similarly this:

https://www.omnicoins.com/

For New Zealand:

http://coinmarket.co.nz/buy/

For USA, Aus, NZ:

https://www.mrbitcoins.com/

If you are getting stuck, you can use https://www.virwox.com/ with which you'll acquire Linden dollars and then sell it for Bitcoins. I'd be interested in hearing feedback from anybody who's tried this since it's not something I've done myself. Seems like a very practical way if cash deposits + CIM get outlawed and there are no OTC arrangements to back you up.

That means if the US government tried to ban bitcoin, they would have to ban every virtual currency in existence as well and/or make all vidya that use in-game currencies subject to AML regulations. Lulz. That is literally impossible. People will be like: I'm an orc, fuck you.

Some help for our UK comrades since cash deposits in UK have been drying up lately.

https://londonbitcoinexchange.wordpress.com/ (cash deposit)
http://www.BitcoinNordic.com (CIM)

Alternatively you can use Virwox (virtual currency) or https://www.wm-center.com/ ('real' virtual currency) where you will acquire a virtual currency and then exchange that for B$.
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My opinion is that one should try the OTC methods first, because they are the best for your security and once you understand it it's easier than using the other methods (it's like learning PGP, a one time investment and then you're good to go forever).

The most important thing with OTC is scams. You need to pay very close attention to the various reputation systems, just as you do on SR, if there is escrow services possible (not currently) then you need to be using those for sure. So using OTC requires you to keep your wits about you.

If OTC doesn't work out for you, there are cash deposits or CIM. And if that doesn't work out there are virtual currency exchanges. There are always options.

In fact there is an entire universe of payment possibilities. LE are trying to close them down, starting with the exchanges, but they shall fail, they have never faced an enemy this amorphous before. The online market is tiny, tiny in comparison of the overall illegal product market, but the quantity of brainpower going into making dead ends for LE is overwhelmingly disproportionate. Make no mistake, LE are shitting themselves, they've never had geeks as enemies before now. Even if they pull their geek squads together, they have to pay them uber dolla, which is no good when you're faalsocing over 9000 geeks working for the lulz, free market principals and money. It's a question of scale. They can't scale up so they'll attempt draconian methods instead, which shall backfire horribly. Tying our acquisition of bitcoins to your identity is simply one option among thousands, think out of the box and use Google and you'll find something, always.

You and kmfkewm assume that because I prevent you using that right, that I then take that right from you. This doesn't make sense to me because I am not availing of that right in any way.

Think it's blown out of proportion personally.

The purchase of Bitcoins is a legal act.