Darkcoin gets boost on dark net as online drug dealers seek greater anonymity

Wired reports that Darkcoin is now accepted as a form of payment by some online drug dealers, alongside Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.

Nucleus and Diabolus are listed as two marketplaces where it can be used. In addition to drugs, one can also find other contraband like counterfeit euros. Most dark net-based marketplaces still have yet to accept it, however.

Darkcoin's transactions are highly anonymous relative to those of Bitcoin, making it an ideal instrument for underground deals online.

Posted screenshots show advertisements marked with the Bitcoin, Litecoin and Darkcoin logos indicating their acceptance.

Darkcoin's creator Evan Duffield has downplayed the association between his currency and the underworld:

"Yes, it was accepted and implemented by these two markets. I can’t really control that. The goal has always been to make a currency that’s privacy-centric and is more for mass consumer base types of things. It’s not just for buying drugs online."

Such has been the general response of the creators of technology that has become popularized by the underground economy. OpenBazaar creators say their ultimate intention is to create a better eBay, even though illicit transactions are inevitable. In contrast, one of the founders of Dark Wallet openly said he was looking to create a means for black market transaction and acknowledged that "liberty is a dangerous thing".

Duffield points out that Bitcoin, in its early days, gained traction due to its use for gambling and online drug dealing through sites like Silk Road. This paved the way for eventual acceptance by major merchants like Dell and Overstock. So too, Darkcoin, whose use has been hitherto confined to services like private web Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term or VPN services to encrypt and anonymize internet traffic. What we see today is only the first step in what eventually become common "mainstream" use.