this post was submitted on 18 Aug 2025
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It's ironic that the middlemen showed up anyway and busted all the security of those transfers
You want some bipcoin to buy weed drugs on the slip road? Don't bother figuring out how to set up that wallet shit, come to our nifty token exchange where you can buy and sell all kinds of bipcoins
oh btw every government on the planet showed up and dug through our insecure records. hope you weren't actually buying shroom drugs on the slip rod
also we got hacked, you lost all your bipcoins sorry
At least, that's my recollection of events. I was getting my illegal narcotics the old fashioned way.
Maybe I'm slow today, but what is this referencing? Most dark web sites use Monero. Is there some centralized token that people used instead?
Edit: Oh, I guess you're referring to Mt.Gox? I mean yeah, people were pretty stupid for keeping their bitcoin in exchange wallets (and sending it right to the drug dealers directly from there? Real dumb). That's always a bad idea. I don't think they transferred it there instead of something else, they just never took custody of the coins after buying them on the exchange.
Satoshi was right and Crypto absolutely has valid use cases. What if your government doesn't want you accessing meds you need at prices you can afford? What if your government doesn't like your sexual orientation, but you want a subscription to a dating site? What if your government throws up unjust export controls or tariffs that suddenly make you and your business impossible?
Crypto's best killer use case is uncensorable, untraceable money
Bitcoin is neither of those things. There is a reason people buy heroin with Monero. It actually does what crypto is supposed to do, which means it could safeguard your Grindr XTRA subscription.
Yeah Monero is just cool, tech-wise
I think it refers to custudial wallets and that it's hard to obtain the useful coins without a KYC exchange (that also most often works as a custudial wallet).
aaaaaaaaand - it's gone!
A whole swath of trained toads using a special made tube network?
getting into a car with a stranger who said he was 15 minutes away two hours ago
You were there too? 😜
Holy shit do I not miss that lifestyle
Swallows actually.
Nah, they clearly meant in liquid form.
Liquid narcotics, you say?