Kvě 11

Bitcoin Users Are Getting Scammed On AlphaBay Deep Web Marketplace

Source: bitcoin

Bitcoinist_Scamming Bitcoin Users

With all of the focus on the deep web and underground marketplaces, there is a lot of discussion as to which deep web marketplace is the “best’ right now. Plenty of users seem to be for AlphaBay, and their subreddit is filled with a lot of illegal deals and complaints about Bitcoin users being scammed.

Also read: OpenBazaar’s ‘Ambitious Destination’

The AlphaBay Deep Web Market

There are many deep web marketplaces available to users, yet not all of them can be trusted. Any form of peer-to-peer marketplace needs to ensure both buyers and sellers are protected at all times, especially when they deal with Bitcoin as a payment method. After all, cryptocurrency transfers can not be charged back, and the risk of getting scammed is very real on these underground platforms.

AlphaBay is one of the leading deep web marketplaces right now, although it may only be a matter of time until platforms like these are shut down entirely by law enforcement. Not too long ago, the Norwegian police assembled a dedicated unit to shut down one of the most commonly used deep web marketplaces.

When browsing through the AlphaBay subreddit, it is not hard to picture what types of goods and services are being exchanged on this market. Most of the reviews and posts revolve around drug trades, which are facilitated by deep web marketplace solutions. Given the peer-to-peer nature of these services and no oversight in place, it is easy to buy and sell anything and everything to anyone in the world.

This concept attracts a lot of Bitcoin users from every region, but that does not mean they are safe from harm. Several posts have been made regarding AlphaBay users getting scammed. One Reddit user even pointed how he spent 1,200 EUR in Bitcoin and received nothing so far. There are many reasons as to why ordered products do not arrive, though, as they may be held at the border by customers, get stolen, or were never shipped in the first place.

Such statements may seem weird, as AlphaBay offers multi-signature escrow services to all buyers, to ensure no funds is released to the seller until the goods have arrived. There is also a dedicated guide to the buying process and how AlphaBuy users should protect themselves, but there are other issues the platform owners need to address as well.

The overwhelming amount of negative comments and users reportedly getting scammed is very worrying. Several allegations are made as to the administrators stealing user funds, as well as other users not receiving their orders. Moreover, there seems to be a fair amount of feedback shilling going on, with negative and positive feedback appearing out of the blue.

What are your thought son the AlphaBay deep web marketplace? Are they scamming Bitcoin users? Let us know in the comments below!

Source: Deep Dot Web

Images courtesy of Shutterstock, AlphaBay

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Bitcoin Users Are Getting Scammed On AlphaBay Deep Web Marketplace

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Kvě 10

Kripos Shuts Down Major Dark Web Drugs Marketplace

Source: bitcoin

Bitcoinist_Dark Web Drug Marketplace Bitcoin

Ever since the Silk Road platform came to fruition, Bitcoin seems to become a favourite form of payment across dark web marketplaces. Kripos, the Norwegian Police Service’s specialized agency, is close to concluding their largest operation – dubbed Marco Polo –  against a drug ring on the dark web.

Also read: BitcoinAverage: Craig Wright Can’t Keep Bitcoin Down For Long

The Marco Polo Operation and Bitcoin On The Dark Web

The dark web is attracting all types of Internet criminals these days, and online drug trafficking is just one of the many types of business taking place. A recent sting by Kripos in Norway led to the arrest of fifteen individuals, all of whom were involved in drug trafficking on the dark web. This operation called Marco Polo by law enforcement has been in the works since 2014.

Ever since the Marco Polo operation began, thirteen men and two women have been indicted. In fact, five of these men are suspected of being some of the biggest Norwegian online drug kingpins. If this can be proven in court, bringing down this dark web drug marketplace is a significant notch in the belt of Kripos.

Although there is evidence pointing in the direction of “sizeable amounts of drugs’ being traded through this drug platform, the primary issue for law enforcement officials was to track down the payments. Bitcoin is the most preferred payment method among Internet criminals even though cryptocurrency is far from anonymous. All of the transactions on the Bitcoin network are logged on the blockchain in real-time,

Despite the lack of anonymity in Bitcoin, Chief Investigator Olav Roisli mentioned how the dark web criminals were using “multiple stream stages” put in place to prevent tracking the funds. This seems to indicate various marketplace members went to great lengths to obfuscate the origin and destination of their Bitcoin transactions, by using so-called “mixing” services.

For the time being, Kripos officials are only focusing in dark web marketplace sellers, rather than buyers. That being said, it appears the majority of this particular platform’s customer base is made up of young recreational drug users. Keeping in mind how this particular dark web marketplace was designed not to be found in the first place, it becomes apparent bitcoin is not to blame for facilitating this type of business. After all, consumers still have to provide personal information when buying and selling Bitcoin, removing any shred of anonymity the cryptocurrency may offer.

Note from the Author: None of the news sources name this platform officially, hence we cannot speculate on the name.

What are your thoughts on shutting down this dark web drug marketplace? Will this bring more negative attention to Bitcoin? Let us know in the comments below!

Source: Dark Web News

Images courtesy of Kripos, Shutterstock

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Kripos Shuts Down Major Dark Web Drugs Marketplace

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Dub 20

Duo Search Is A Search Engine For OpenBazaar

Source: bitcoin

OpenBazaar

Now that the openBazaar project has been launched, various cryptocurrency enthusiasts all over the world have set up their shops. Duo Search is a new search engine to help Bitcoin users find whatever they are looking for among OpenBazaar offerings. This valuable tool will go a very long way in the world of decentralized marketplaces.

Also read: Bitcoin Core 0.12.1 Released, Focus on Block Size Scalability

Duo Search For OpenBazaar

One thing people have to take into account with projects such as OpenBazaar is how it is rather difficult for consumers to find particular items unless they know the exact store details.  Unlike traditional commerce, where people can search for just about anything through a search engine or centralized platform, the world of decentralized marketplaces is something entirely different.

But that search has become a lot easier now that Duo Search has launched, as this platform is a dedicated search engine for OpenBazaar stores. Users can select from different categories on the left-hand side, or just enter a search term and see what comes up.

What makes Duo Search so important is the way users can distinguish between item listings. For example, users might look for physical goods, digital items, or even services. In the case of physical products, the condition will matter, as well as where the item is shipped from. Plus, some sellers offer free shipping, which is another important filter across the OpenBazaar protocol.

Even though there are still the very early days of the OpenBazaar initiative, it is invaluable to have Duo Search available to users already. Rather than wait until this concept comes to full fruition, more people will be enticed to open up their shop knowing that Duo Search will include them in the results.

Last but not least, users can communicate with the Duo Search team directly through a chat option on the website. This will help with providing customer support to novice users, and makes the project more approachable in general. Moreover, this is a valuable service to the OpenBazaar team as well, as it goes to show there are lots of people interested in exploring the boundaries of this project.

Have you bought or sold anything on OpenBazaar yet? Let us know in the comments below!

Source: Duo Search

Images courtesy of OpenBazaar, Shutterstock

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Duo Search Is A Search Engine For OpenBazaar

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