Silk Road forums

Discussion => Newbie discussion => Topic started by: sacredhunger on September 09, 2013, 09:51 pm

Title: So turns out bitcoins aren't anonymous after all?
Post by: sacredhunger on September 09, 2013, 09:51 pm
Hey noobs and not-so-noobs,

So I'm in the UK, totally new to SR, and have not yet bought anything. I'm just doing my due diligence, and trying to get my head around the fact that bitcoins aren't so anonymous after all (http://www.forbes.com/sites/andygreenberg/2013/09/05/follow-the-bitcoins-how-we-got-busted-buying-drugs-on-silk-roads-black-market/)

What I'm interested to hear from you guys is just how careful I need to be. I intend to be a major small timer on here, buying small amounts of weed and maybe a bit of MDMA for personal use now and then. With that in mind, do I need to go through the hassle of buying bitcoins in cash, paying 1-3% commission to 3rd parties like bitcoinfog etc?

What I mean is, would I be daft not to? Or should I assume that LE has bigger fish to fry?

Thanks!  8)
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: cryngie on September 09, 2013, 09:56 pm
Just put them through a tumbler and they cant be tracked

Pay .5% to blockchain.info to tumble them like a smart person (me)
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: flawless01212 on September 09, 2013, 10:06 pm
i started using silk road a year ago i never had to come here to find out how to get bitcoin anonymous . i buy my bitcoin in cash face to face and he send the bitcoin to my address so that is proper anonymous ..... look on google for how to get bitcoin for cash sure your in da uk i know fuck loads of places over there to get it in person .... so if ya want bitcoin anonymous then buy in CASH ... no online crap using banks n credit cards and mobile to buy it ..... look up to buy in CASH . ITS SIMPLE !!
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: The Bubble Dreamer on September 09, 2013, 10:07 pm
Tumblers are a good option, and you can also create some additional online wallets yourself and just transfer the bitcoins around a bit. I would never transfer bitcoins to Silk Road from a wallet that is directly associated with my name (like directly from my MtGox or Bitstamp account), but if you move it around a bit, it will be easy to maintain that you sold your coins or exchanged them for some service.
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: sacredhunger on September 09, 2013, 10:08 pm
Thanks cryngie.

But I've read a few conflicting comments as to whether blockchain is reliable? The way it anonymises bitcoins is vulnerable to traffic analysis?

Either way, do you take the extra precaution of buying with cash or can I buy via a bank transfer (on p2p site) if I use a tumbler?
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: gmanuk2k on September 09, 2013, 10:10 pm
If your just doing small purchases, use https://localbitcoins.com to get BTC and buy with cash.

The money is paid into your BTC wallet and you then simply tumble (as per cryngie's comment) then transfer your BTC to SR for purchases.

Any withdrawals from SR to your wallet are automatically tumbled.

Also, you can have more than one wallet, all with multiple addresses, to flip your coins about ;-)

Namaste
MACHINE ELVES
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: sacredhunger on September 09, 2013, 10:15 pm
Thanks guys.

Forgive me being exceedingly thick, but I must confess to still being a bit confused as to HOW you buy with cash...

Do you arrange to walk up to a dude in the street?? And how do they get from the physical world to your digital wallet??
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: cryngie on September 09, 2013, 10:18 pm
Whoever to you blockchain is unreliable is a noob go check it out it keeps records of everytransaction and has thousands of btc in it at one dont know how people think the pissy little bitfog is better you have to wait so long because they dont have a high enough volume of coins to tumble them instantly 

No i buy coins over the net with my cc its quick and easy and pretty much instant ive tried tracing the btc back to my purchase but when i get to blockchain it always goes to someone elses wallet  but dont take my work go pay bitfog 1-3% and loose how much more waiting the 24hrs to withdraw them then the multiple withdraws also 
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: kermitine on September 13, 2013, 12:31 pm
Hey noobs and not-so-noobs,

So I'm in the UK, totally new to SR, and have not yet bought anything. I'm just doing my due diligence, and trying to get my head around the fact that bitcoins aren't so anonymous after all (http://www.forbes.com/sites/andygreenberg/2013/09/05/follow-the-bitcoins-how-we-got-busted-buying-drugs-on-silk-roads-black-market/)

What I'm interested to hear from you guys is just how careful I need to be. I intend to be a major small timer on here, buying small amounts of weed and maybe a bit of MDMA for personal use now and then. With that in mind, do I need to go through the hassle of buying bitcoins in cash, paying 1-3% commission to 3rd parties like bitcoinfog etc?

What I mean is, would I be daft not to? Or should I assume that LE has bigger fish to fry?

Thanks!  8)

Bitcoins were never truly anonymous.
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: FakeFriend on September 13, 2013, 12:35 pm
Ahh yeah, that was my original woe.
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: hamnana on September 13, 2013, 01:19 pm
I mean, if you're buying with cash at a bank or in person where there's wifi, there's probably a camera on you.  So they can find out you've been buying bitcoins.  Beyond that is the interesting part.
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: jonnysnakes1 on September 13, 2013, 01:30 pm
THANKS FOR THE INFO GUYS
Title: Re: So turns out bitcoins aren't anonymous after all?
Post by: walkingbackwards on September 14, 2013, 02:07 am
Telling someone that you did something, then asking them to find out when you did it, isn't asking them to prove that you did it. bitcoin accounts get hacked all the time. a simple mistake in a legitimate transfer could send your coins to the wrong destination. many things could happen, and you have no idea what happened to those coins. tumble and deny.