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[–][deleted] 3 points4 points  (5 children)

Congratulation to ban weapons and shit. I've some questions.

Ownership and responsibilities will be distributed and decentralized as the marketplace grows using blockchain technology.

Which one do you mean?

  • Ethereum
  • Shadowproject
  • ?

What about enforcing GPG in messages, MultiSig, Altcoins , I2P?

[–][deleted] 7 points8 points  (4 children)

That means we plan in the future to build a custom blockchain to track shares of ownership of EIC. If possible we would like to slowly distribute and decentralize ownership and form a decentralized autonomous organization that can function without the founding members.

We believe it is important to strike a balance between usability and security. We will not enforce GPG in messages but provide easy to use but less secure server side PGP encryption. All messages and other personal data are symmetrically encrypted in our database database too as an extra precaution.

The wallet system has been built with alternative coins in mind but at this time it is not a priority. We have discussed the possibility of using pegged currencies to protect merchant value while funds are in escrow.

I2P is a possibility as we use it internally but hidden services at this point appear to be more accessible to the average user.

Multi-sig is on the roadmap, we would like to implement it in a way that is highly usable and allows partial refunds. Our current escrow system provides partial refunds for dispute resolution and we feel this is important.

[–]II-NataYmleg 2 points3 points  (2 children)

You should also explicitly ban poisons. Markets were busted for that.

[–]ChewyTheSheep 7 points8 points  (0 children)

Also, it's not nice to poison people.

[–][deleted] 4 points5 points  (0 children)

Poisons are absolutely banned as well as anything else that would be used to harm others. I will notify the developers to explicitly add that to the rules.

Thank you for your input.

[–][deleted] 0 points1 point  (0 children)

Thank you very much for your detailed answer!

[–][deleted] 9 points10 points  (0 children)

Fun fact: the Dutch East India Company was the worlds first publicly traded company

[–]Atador 4 points5 points  (9 children)

What about multisig? I like the idea but dont care about it if you dont ENFORCE multisig!

[–][deleted] 6 points7 points  (6 children)

It is on the roadmap but I will provide an explanation to why we did not launch with this feature.

This may not be a popular answer but we believe usability is very important. Forcing all users to use multi-signature escrow is less important to us than ensuring safe, easy and transparent access to drugs.

Current implementations of multisig are simply still too difficult for new users. Our current dispute system allows us to provide partial refunds. It is also difficult for us to provide partial refunds using multi-signature escrow. We are working on solutions to make it easier to use and more flexible but it is not ready for production use.

[–][deleted]  (1 child)

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    [–]justanaccount7 1 point2 points  (9 children)

    This sounds almost perfect, only lacking multisig (American police state, lol but kinda true). However (and I could be retarded) how does one get there?

    EDIT: found the links in your comment history. Love the design, but it's a bit slow. There seems to be a lot of novel features as well which I really do like. Best part is there's no weapons, fraud and similar shit and I'm digging the EU only thing.

    You really need multisig, though. Anyway, hoping it grows to a market I could use some day, it looks promising.

    [–][deleted] 2 points3 points  (3 children)

    If you are experiencing slow page loads please try another of our ten onion addresses. Different addresses may provide a better experience.

    [–]justanaccount7 0 points1 point  (2 children)

    I think I actually had utorrent running (derp) it's pretty snappy now.

    One question, when making an order I noticed there's the cart system. Does the vendor get notified at all before I pay and can I use the cart system to toss a bunch of stuff in, see how much it would cost me, compare, add/remove some?

    [–][deleted] 4 points5 points  (1 child)

    The merchant only receives notification of an order after the customer has paid for the order.

    Merchants do see a page views count for the listing to help provide the merchant with a general idea of the conversion rate statistics.

    [–]justanaccount7 0 points1 point  (0 children)

    Awesome, thank you.

    [–][deleted]  (1 child)

    [removed]

      [–]AutoModerator[M] 0 points1 point  (0 children)

      /r/DarkNetMarkets currently does not allow random .onion links to be posted. If you wish to announce a new .onion market or service, please contact the moderators here so we can approve your post.

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      [–][deleted] 1 point2 points  (5 children)

      Do you have a dedicated subreddit?

      [–]LittleNiggerBaby4 1 point2 points  (0 children)

      No tax8tion w/out represent8tion

      [–]crondom90 1 point2 points  (0 children)

      Really really really nice, going to try this as soon as some vendors arrives.

      [–][deleted] 1 point2 points  (0 children)

      DNM wisely does not allow posting onion addresses. You can find our ten addresses here in our /r/onions post:

      https://www.reddit.com/r/onions/comments/3452vz/new_european_only_market_east_india_company_has/

      [–]shitterplug 0 points1 point  (3 children)

      Lol.

      There's absolutely nothing to say this isn't an exit scam in the making. The entire thing sounds fishy, and reads like it's written with the purpose of appealing to our fragile sensibilities.

      Do you guys honestly not see this?

      [–][deleted] -1 points0 points  (2 children)

      Anyone suggesting that is not a possibility is naive.

      Most similar operations run to the point where the risk/reward calculations become so skewed that it is better to cut and run than to continue to risk narrowly evading US police agencies.

      We have opted to designed our system in a way we avoid becoming the largest market and becoming the biggest target. Allowing bigger operations to buffer our organization. By avoiding risk where possible, we believe we can sustainably run our organization long term more successfully than previous organizations.

      [–]shitterplug 0 points1 point  (1 child)

      I just don't see it. You're letting emotion dictate your business plan. Half of your ramble is anti-US propaganda. It's not professional in the least. Why would I trust someone with a grudge? Come on man. You don't do business by slinging mud. You don't amputate a leg to heal a broken toe. There's nothing in here that makes you seem any more secure that the other million DNMs. It comes across as a business proposal by someone who has no idea how to manage. The entire thing is appeal, which isn't the right way to go about things.

      [–][deleted] 3 points4 points  (0 children)

      How is emotion dictating our business plan? We are letting risk calculations dictate our business plan which is how successful businesses operate.

      It is not anti-US propaganda, it is a fact that the US has the largest prison population, the most funded police forces in the world and these police forces use military equipment and tactics. Their surplus of policing agencies allows them to have multiple agencies responsible for the same crimes. The Silk Road investigation for example had several independent agencies investigating the same crime independently. When operating a market like ours it is a well known fact the biggest law enforcement threat comes from the United States. If our organization stays out of the media spotlight, doesn't get involved with other crimes and maintains their full time jobs, we generally have little to fear from local law enforcement.

      It may not be as obvious from the inside, but from the outside the US is a classic police state. Deciding to explicitly avoid the biggest threat to hidden services is a legitimate strategy that we find easy to defend. Whether it will be a success is up for the community to decide.

      [–][deleted] 0 points1 point  (1 child)

      -----BEGIN PGP SIGNED MESSAGE-----
      Hash: SHA1
      
      East India Company is now ready to welcome merchants and traders.
      
      East India Company is a new full featured marketplace for the European region. East India Company being region specific allows for the Company to avoid confrontation with the United States police state. 
      
      European merchants interacting with European customers should not fear the over funded, over powered, puritanical United States police state shutting down operations and confiscating user balances. East India Tea Company disallows any business with citizens of the United States or anyone living within the borders of the United States.
      
      East India company has specific regulations on what can be sold to protect everyone. The Company is not ran by young foolish American Libertarians but by a diverse group of humanists. No weapons for self defense or otherwise, viruses, germs, assassinations, stolen credit cards, counterfeit money, stolen goods or identities, books, guides, fraudulent items or digital goods are permitted to be sold.
      
      East India Company is designed to provide a trading platform for honest merchants to sell products which allow human beings the right and responsibility to shape their own lives. The platform was built to make purchasing and using regulated molecules safer by creating an environment that rewards quality and transparency.
      
      Ownership and responsibilities will be distributed and decentralized as the marketplace grows using blockchain technology.
      
      Profits from East India Company will be invested back into EFF, Tor, Erowid and others. 
      
      East India Company has taken the best features from Cloud9, SilkRoad, Evolution and others to create a full featured and modern marketplace.
      
      Features of East India Company:
      
      * Automated Withdrawals - Automated withdrawals every 24 hours
      
      * Advanced Order System - Supports trading with or without Escrow
      
      * Advanced Filtering, Sorting and product search
      
      * Bit message notifications
      
      * No JavaScript - Highly functional layout built in pure CSS
      
      * No Merchant Bonds 
      
      * Multi factor Authentication - Third authentication factor can be used to reset forgotten password or security pin. Third factor can be required to login for additional account security. Optional third authentication factor can be either PGP or Bit message 
      
      * Market Chat
      
      * Merchant directory
      
      * Messaging system - Messaging with optional server side encryption
      
      * Progressive fees - Merchants that receive good reviews receive discounted fees
      
      * Request System - Make anonymous requests to merchants for specific products
      
      * Routine automated server migrations
      
      g4c35ipwiutqccly.onion
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      yeg6be5bmdxqcc3g.onion
      b6rj36ao2siirqwz.onion
      z7kwcpvylymoypka.onion
      
      East India Company
      Scientia Ducente Nil Nocet
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      [–]DancingWindAway 0 points1 point  (4 children)

      This doesn't answer the most important question one should have about a new market:

      Bitwasp ?

      [–][deleted] 4 points5 points  (3 children)

      No, the site was not built on or related to Bitwasp. EIC is a completely custom and unique marketplace.

      [–]DancingWindAway 0 points1 point  (2 children)

      Good to hear, in that case looking forward to see what you guys created.

      [–]DancingWindAway 0 points1 point  (1 child)

      RemindMe! 2 weeks "Check for developments."

      [–]RemindMeBot 1 point2 points  (0 children)

      Messaging you on 2015-05-12 12:22:24 UTC to remind you of this comment.

      CLICK THIS LINK to send a PM to also be reminded and to reduce spam.


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      [–]Drugstone 0 points1 point  (1 child)

      @eic_relay2 I'm stuck on "Third Authentication Factor Required, Before proceeding you must authenticate using your third factor:, Token, Authenticate" screen (/security/login)... How to get the requested "Token" please ? Thanks

      [–][deleted] 0 points1 point  (0 children)

      Can you please create a new account and message support. They will help you resolve the issues you are having.

      The token would be either encrypted with your PGP key or sent to you via bit message. It would be dependent on your settings.

      [–][deleted] 0 points1 point  (1 child)

      I would have called it, The East Empire Trading Company

      [–][deleted] 1 point2 points  (0 children)

      The merchant fleets that made up the trading companies operated by the European empires superseded the use of the Silk Road.

      [–][deleted] 0 points1 point  (2 children)

      So, what happens here, i list, i get paid into the escrow, and then ....when will it finalise for putting into my own BTC account for spending? or withdrawal? Do you have a timeframe? Also, if someone buys, they must message their details through PGP? Not just plain text inbox message, yes?

      [–][deleted] 1 point2 points  (1 child)

      The marketplace is designed to work like all of the predecessors.

      You list and decide if you would like for us to escrow the funds or to be paid directly.

      If you decide to list without the escrow system you receive customer funds upon marking the item as shipped. The customer will still wait until the item is received to mark it received and review the merchant, shipping and product.

      If you decide to use the escrow system you receive the funds in your account when the item is marked as received.

      You can either immediately withdraw the funds to your personal wallet or setup automatic withdraw to empty your account once every 24 hours to your predefined wallet address.

      Both deposits and withdraws are processed immediately. There are no fees associated with withdrawals, we cover transaction fees.

      [–][deleted] 0 points1 point  (0 children)

      Cheers!!

      [–][deleted] 0 points1 point  (3 children)

      OK i can not upload images for listings, after i submit a image and press upload, i get a white screen and the number 413 at the top left of the screen. Any ideas??

      [–][deleted] 0 points1 point  (2 children)

      The image being uploaded is too large. We scale down images automatically but we restrict the initial image size. I will consult with the developers to determine the maximum allowed file size.

      Edit: The limit was set to 1 Megabyte, it is now 3 Megabytes. Please try again or reduce the image to below 3 Megabytes.

      [–][deleted] 0 points1 point  (1 child)

      OK. Images are under 2mb.

      [–][deleted] 0 points1 point  (0 children)

      If it still does not work, please notify support in the Market chat or via the support messaging system. They will help resolve any issues you have.

      Edit: The maximum file size changes are now live across all servers. It was still 1M on a few when you responded. My apologies.

      [–]justanaccount7 0 points1 point  (1 child)

      I'm not experienced with market openings, but does anyone know when we can expect to see some vendors?

      [–][deleted] 0 points1 point  (0 children)

      It will likely take weeks to months before any trust builds with the community. We have to prove we can keep our service online reliably without security issues. It is hard to say exactly but we are dedicated to keeping the service online in the interim.

      Notifying your favorite merchants about our service would help speed up the process.

      [–]MitalikaSucks 0 points1 point  (3 children)

      SOunds great! Link...?

      [–][deleted]  (1 child)

      [removed]

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        [–]Triglycerine 0 points1 point  (3 children)

        I love the idea and name! Not too hot on the lack of multisig TBH. I understand the reason, I just don't appreciate it.

        Also, I think you really would be best served by excluding the UK. They have a lot of similar issues on a smaller scale.

        [–][deleted] 0 points1 point  (2 children)

        We have discussed excluding the UK and it is still a possibility they will be excluded.

        [–]II-NataYmleg 0 points1 point  (1 child)

        As someone who does quite a lot of drug-related research for scientific writing I can tell you that this will significantly limit cocaine sales on your platform (the UK consumes the majority of European coke while the continent loves amphs).

        Overall drug consumption prevalence to my knowledge is about the same all over Europe (about 1/4 of people have taken illicit drugs), so I can say with some certainty that with the UK you would lose about 11% of the potential European market, which is probably tolerable. However you will also lose the world-spanning cultural network effects originating from the anglosphere.

        That's not your goal of course. A market for the continent, why not? We already have a good handful of domestic European markets that have existed for years. Why not take it to the next bigger level? I'm behind that.

        [–][deleted] 0 points1 point  (0 children)

        We appreciate the information, for now we will continue to include the UK. If you have any more information you believe might be helpful to us we would be happy to hear it.

        Our plan is to be large enough to afford the costs related to changing servers and keeping our service secure but not so large that it gets on the radar of major policing agencies. Striking a middle ground that will allow us to remain a stable service in the long term.

        We pushed out a minor patch today and we should be finishing up another patch in the next few days that will add 50/50 FE/escrow and multi-sig escrow.

        [–]II-NataYmleg 0 points1 point  (1 child)

        I noticed the first real listing is up, in case you need pills from NL.

        Another suggestion: The currencies of major countries which aren't in the Eurozone could be supported. For example CHF, SEK, PLN and CZK.

        [–][deleted] 0 points1 point  (0 children)

        Great suggestion, I will pass it along to the development team.

        [–]just-chippin 0 points1 point  (0 children)

        This actually looks like a solid market. Hope it kicks off

        [–]autowikibot 0 points1 point  (0 children)

        Red Dragon (1595):


        Scourge of Malice or Malice Scourge or Mare Scourge was a 38-gun ship ordered by George Clifford, 3rd Earl of Cumberland. She was built and launched at Deptford Dockyard in 1595. The Earl used her as his flagship during raids on the Spanish Main, where she provided additional force to support his fleet. She was later renamed Red Dragon and used by the East India Company during at least five voyages to the East Indies.

        Image i


        Interesting: Battle of Swally | East India Company | 1595 in India

        Parent commenter can toggle NSFW or delete. Will also delete on comment score of -1 or less. | FAQs | Mods | Magic Words

        [–]DNMd 0 points1 point  (24 children)

        Question, why exclude your market from other countries? I suppose I can understand a non US market but EU exclusively doesn't really make sense

        [–][deleted] 14 points15 points  (15 children)

        "In early 2014, the European Parliament's Committee on Civil Liberties, Justice and Home Affairs released a draft report which confirmed that the intelligence agencies of New Zealand and Canada have cooperated with the NSA under the Five Eyes programme and may have been actively sharing the personal data of EU citizens."

        We are avoiding the "Five Eyes" where possible.

        [–]DNMd -2 points-1 points  (7 children)

        Okay then best of luck. Having an EU market isn't going to protect you from them any more than keeping your hosting out of the US will. Your traffic is still going to be going through them.

        [–][deleted] 14 points15 points  (0 children)

        We disagree, there is no reason for the FBI and other organizations that have targeted hidden services to investigate and use resources to track an organization that does not do business in the US. We will still have adversaries but they will be significantly less funded, less powerful and have less experience tracking hidden services.

        Having your hosting outside of the US does essentially nothing to protect your organization if you are doing business within the US.

        Thank you for your input.

        [–]DancingWindAway 8 points9 points  (5 children)

        Well there is also another aspect:

        No law enforcement agency in the world is as interested in shutting down markets as the US LE, especially federal LE.

        This might sound odd for Americans but, most Goverments don't even want to clear DNM related cases, the US just has a special interest in them because of their 'War on Drugs'. I had the chance to speak to a high(ish) ranking LEO in an European country who told me what I already expected:

        Clearing crimes that are completely outside the public eye like Internet drug trading just fill up the crime rate without directly improving the citizens perception of security. It's bad politics.

        Of course this only holds true as long as the public pressure isn't too high, that's why publicity is really bad for us (thanks vice...).

        In my experience Interpol and Europol also lack interest in the DNM compared to the NSA, Homeland Sec. and Feds.

        [–][deleted] 6 points7 points  (0 children)

        Staying out of media is an important point to be made. No one from our organization will ever respond to media inquiries or do interviews.

        [–]DNMd 0 points1 point  (3 children)

        All good points, but I just don't think this will protect them from the US if they do decide to target them. As long as a crime/conspiracy enters the US they will jump on it (if it's big enough obviously). They don't care if the perpetrator isn't a US citizen/operating in the USA. Marc Emery for an example.

        All of the vendors/admins/buyers will need to remain within their region for all business transactions (no off site deals to USA, Canadian, etc. buyers, or any International deals on other markets) otherwise the whole thing is potentially compromised

        [–]Vendor_BBMC 1 point2 points  (1 child)

        People want their drugs yesterday, and its good for them not to cross international borders.

        I have a couple of questions:- these are questions that somebody should ask at least once, rather than accusations,

        a) Have you run a darknet marketplace in the past, or have experience as a vendor? If this is the case, which marketplace / who?

        b) The number 1 concern of vendors is access to our own money. Automated withdrawals are more important to us than the type of excrow, because the escrow is irrelevant if the funds remain onsite. At the end of the day, an honest broker has to arbitrate the small number of non-routine transactions

        This will nearly always be a marketplace admin anyway, and the more "streamlining" of non-standard escrows, the more control the marketplace has. Best to have a very simple escrow which will actually get used.

        Why did you opt for onsite vendor wallets with a daily automated withdrawal? rather than immediate withdrawal?

        In fact, why have that onsite "wallet" at all? It can only ever be used for mischief.

        Just send the bitcoin to the wallet(s) we specify when a customer pays us by releasing the escrow. Some marketplaces say that its their last line of defence from bitcoin hacks, but that is a tacit admission that withdrawals can be overridden or denied. Its not really a wallet if it can be turned into a market-inflating one-way valve.

        Otherwise, this is an idea who's time has come.

        [–][deleted] 0 points1 point  (0 children)

        You can still manual withdraw immediately at any time, there is just an additional system to ensure your account is empty at the end of every day to reduce risk.

        There is a possibility for a reduction to the automated withdraw system to 12 our 6 hours if that was desired by merchants.

        What is not said often in the multi-sig escrow debate is that both systems have advantages and disadvantages.

        Holding a wallet online has clear advantages and distadvantages. By keeping the system off the blockchain merchants sales history and customer buying history is not permanently on the public ledger (block chain). It also streamlines the escrow process to make it easier for customers. Our escrow system as is lets us issue partial refunds. The system is easier for the customer and a bit more flexible but it also has its associated risks. It is up to the vendors to decide if those risks are worth the customers who simply won't learn to use multi-sig escrow in its current form.

        We will be continue working on a multi-escrow solution to operate alongside our centralized escrow solution.

        [–]DancingWindAway 0 points1 point  (0 children)

        But how can they arrest somebody out of their jurisdiction ? Imagine I'd be a vendor in Hong Kong or white Russia, they'd risk a political incident. Not even Germany the greatest ally of the US in Europe allows them to operate within their jurisdiction and doesn't extradite low class drug dealers to be judged under foreign law.

        [–][deleted] 1 point2 points  (7 children)

        Why not? It makes perfect sense.

        [–]DNMd -1 points0 points  (6 children)

        I just fail to see the point of it. If a vendor wants to stay domestic that's his call. I just think a market strictly for each region is unnecessary.

        Is this market going to permit vendors to ship outside the EU?

        [–]dafsgfsgssg 3 points4 points  (1 child)

        Maybe the owners don't want the US police going after their site.

        [–][deleted] 3 points4 points  (0 children)

        This is precisely the reasoning.

        [–][deleted] 7 points8 points  (0 children)

        There's a huge EU only community out there on most markets. It think it's about time that there's a EU only market as well. I don't understand what anyone would have against it.

        [–][deleted] 4 points5 points  (2 children)

        Regional markets are safer because they hold less funds and have fewer adversaries. We are of the opinion it is a better strategy than the risk that is associated with trying to evade every police force in the first world to obtain a larger market share.

        Our goal is long term sustainability, safety and greater usability for our community not being the largest market.

        [–]Vendor_BBMC 0 points1 point  (1 child)

        If you WERE GCHQ launching a honeypot to maximize arrests and to ensure independent funding separate from jointly-funded projects with your senior partner the NSA, a few things would happen:-

        You would have had meetings with the other 4 of the "5 eyes" and given assurances that you won't actually operate in their jurisdiction.

        You would also have assured other EU agencies that you won't expand the existing drug market.

        There is a general election in the UK next week,.so you would be in a hurry to launch ahead of a possible change of government, or risk losing the funding agreed by Malcolm Rifkind - even if that meant that you launched without a forum.

        Personally, I don't entertain that possibility, or the idea that you are just a programmer who hasn't really decided if he's "in" or "out" of the drug business.

        You sound very much "IN".

        Your business model seems sound, and I've got every confidence that you will be successful if you are on the level.

        You have everything in place to significantly expand the European drug marketplace. Darknet users who previously wouldn't have felt safe enough to even consider selling drugs will sell them, and people who wouldn't have dared to buy drugs before will be encouraged by your security features.

        Some marketplace owners aren't prepared for success, and they are bad partners for vendors. I wish you success, and that you quickly flood Europe with an unprecedented tidal wave of drugs, opening up new markets.

        I make and sell drugs, and everyone here buys or sells drugs, or both. We've had bad luck with recent marketplaces being scams rather than being in the trade of selling drugs, or being some comicbook store server guy who just wants a cut of the existing pie.

        I've already decided to ramp up drug production and expand sales into neighboring countries so that we can do businss. I'm in if you're in

        I'm glad that you don't host guns or fraudsters from carding forums, because you will sell a LOT of drugs.

        Just soooo many drugs, without discriminating between new and existing users ie indiscriminately.

        [–][deleted] 0 points1 point  (0 children)

        Thank you for your post and insight. We hope over the next few months we can prove to the community we are capable of hosting not only a stable but secure hidden service.

        [–]miketdvick -3 points-2 points  (0 children)

        Europe is for fags

        reddit gold

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