Silk Road 3.0

idontknow
idontknow

tfw selling cocaine on BitBay private market
tfw no one can delist my snow white powder
tfw making hundreds of thousands of cwoinz and no one can stop me

Is there anything more comfy feel than selling drugs on a decentralized marketplace?

Poker_Star
Poker_Star

tyrone pounding your boipucci in a federal prison is pretty comfy too

PackManBrainlure
PackManBrainlure

I guess as long as you arent a degenerate and dont get caught. You'll eventually sell to an agent one day

RavySnake
RavySnake

oh schnapps! BUY! BUY! BUY!

RumChicken
RumChicken

... why haven't I made this connection before

whereismyname
whereismyname

Wow, you're a lot more effective than the BitBay shill that usually posts

StonedTime
StonedTime

has anyone actually done this? is this feasible?

Dreamworx
Dreamworx

Should be entirely possible, mods can't see private markets

Need_TLC
Need_TLC

time to hop on the pain train

Sir_Gallonhead
Sir_Gallonhead

wake up phaggot

Inmate
Inmate

Do people not just say they never received the cocaine?

Is bitbay private marker an escrow service?

Deadlyinx
Deadlyinx

it works

LuckyDusty
LuckyDusty

BitBay uses double deposit escrow. I've used it to buy a few 3D printed items but it never clicked for me what the private markets could potentially be used for.

Double deposit escrow is kind of a bitch to understand but the BitBay general had a good infographic. Double deposit escrow like removes the incentive for each person to rip each other off, think of it like a Mexican standoff

PurpleCharger
PurpleCharger

what is the point of owning the bitbay coin? what does it do? what will it do?

Crazy_Nice
Crazy_Nice

It's used for the deposit to make sure i don't get fucked and it's going to get pegged to a dollar amount in the future so it isn't volatile as fuck like it is now

Poker_Star
Poker_Star

What happens if you have collateral on the escrow system and the other party dies or is unable to agree to a succesful transaction for whatever reason out of no fault of your own even though everything went as planned up to this point?

TurtleCat
TurtleCat

Both parties lose the deposit. It would be an unfortunate situation but it's kind of like if someone buys something off you on eBay and the postman drops it into a vat of acid on the way, you're still fucked. This is a very basic explanation but that's how i understand it. here's that infographic

kizzmybutt
kizzmybutt

both parties losing the deposit
i see this doing well in asian economies

Techpill
Techpill

Kek I'm about to get Fucking rich behind these 14 proxies

See you faggots later

Emberburn
Emberburn

That's kind of why i invested in the first place, i've dealt with the Chinese before, maybe this will keep them in line

RavySnake
RavySnake

learn how to reply you massive faggot

ZeroReborn
ZeroReborn

No, bitbay isn't really decentralized, the dev can """""""moderate""""""" at will

Illusionz
Illusionz

only in the public market you dumb nigger, private market nobody can moderate shit

Lunatick
Lunatick

no need to get a big dick u cock sucking whore

Spamalot
Spamalot

no need to get a big dick

??? ok user

viagrandad
viagrandad

on Veeky Forums, less is more

Inmate
Inmate

you still need a marketplace, then, private """""""market""""""" is just a means to use the escrow feature

Methnerd
Methnerd

Not if the stealth is good.

TalkBomber
TalkBomber

You could easily arrange a small community in the darknet where you can vet members, then open a private market, then sell your goods within that market to those members, and were you to be compromised at that point it would have nothing to do with the BAY client. Also, the DDE would still be incredibly useful in a black market setting.

GoogleCat
GoogleCat

this is an odd one boys, he must be new. don't frighten him

Booteefool
Booteefool

Dev is going to get killed by Glow in the dark CIA niggers for this desu

King_Martha
King_Martha

Yup, 100%.

girlDog
girlDog

the faggot dev of bitbay didn't invent DDE

if this is the only notable feature (and it is) why use bitbay when you could just implement DDE in darknet based smart-contract platform and skip having to use a shitcoin AND get the advantage of a real marketplace?

askme
askme

BitBay has literally a SHITLOAD of features my man. Also you're completely glossing over the rolling peg.

Emberburn
Emberburn

hey man don't worry about it. less is more, u think I would just give out ALL my secrets? give me a break!!! LOL!!! IMIRITEGUISE

Ignoramus
Ignoramus

shitbay isn't anonymous, so the rolling peg isn't useful for the only 'businesses' that would put-up with DDE, drug dealing and other crime

Illusionz
Illusionz

It's from tourettes guy

Harmless_Venom
Harmless_Venom

This is literally untrue. BitBay is anonymous and businesses won't "put up" with DDE, they will save time and money using it by firing every fat white woman who handles dispute resolution at their business. We're talking something that completely eliminates the middleman from business transactions and you're being a total cocksucker about it, are you from Syscoin? Nobody FUDs BAY except Syscoin loving animals

viagrandad
viagrandad

Shut the fuck up and invest, phaggots!!!

Evilember
Evilember

They might see you have a tiny dick

LuckyDusty
LuckyDusty

guy selling cocaine via bitbay
I buy from him
track the shipment down
arrest him

t. authorities

Soft_member
Soft_member

save time and money by requiring businesses and buyers to tie-up fuck tons of capital
kek

DDE has limited use even in illicit markets, but has no use in legal markets

No buyer (or seller) is going to deposit 100% of the cost of something for a Pyrrhic victory of cutting out a middleman that facilities commerce

Deadlyinx
Deadlyinx

You don't always need to deposit 100% of the cost, in a trusted buyer/seller relationship where you have been conducting business for quite sometime you could perhaps lower the fee.

The massive amount of money you save using this system will more than compensate for the occasional hiccup.

Crazy_Nice
Crazy_Nice

Just a word of warning.

I found out about btc when it was around 10$ a pop and i wanted acid. I was an active observer of the online drug scene and what I've seen is that vendors all eventually shut down/party v& unless they're from poland or china or some shit.
users had little harassment from the law especially in RCs

Isnt monero a thing?

Carnalpleasure
Carnalpleasure

If you don't do full 200% escrow, there is no point to the system

The massive amount of money you save
K E K
E
K

WebTool
WebTool

This, middlemen cost a shitton of money.

CodeBuns
CodeBuns

You have no idea what you're talking about

Lord_Tryzalot
Lord_Tryzalot

Literally why I'm all in on this and Swarm City.

Deadlyinx
Deadlyinx

Nice graphic but why is it so many of these coin devs can't spell and edit correctly?

ANDBLOW

LuckyDusty
LuckyDusty

Autism