Hacker News new | ask | show | jobs
by opendais 4240 days ago
To be honest, I don't think it is possible to evade the authorities and run a profitable business on BTC.

I think that is really where these markets are running into trouble. They need to spend the BTC they earn to cover their costs and lifestyle, at which point it becomes pretty obvious given I doubt there are many people converting BTC to cash in 6 figure quantities per year. Given the blockchain isn't anonymous, every 3rd party you move your BTC through can receive a warrant until they find the name you withdrew the cash under. They all want your bank account information which means you'd need a fake bank account.

Once you hit the "I need a fake second identity for financial information, etc." you are going to throw up all kinds of red flags.

Yes the banks break the rules [e.g. HSBC]:

http://www.reuters.com/article/2013/07/02/us-hsbc-settlement...

But they do eventually get caught.

I think Tor and the Darknet is great when you need to start a revolution or other non-profit-activity. The moment you try to make money you can live off of and cover your costs is the moment you accept you will get caught eventually.

> How to make the equivalent of unlisted Tor exit nodes so that Tor isn't so trivially blocked?

Run a VPN connection through TOR via a service that lets you pay anonymously. [e.g. gift cards you can buy with cash]

Of course, then the VPN can snoop all your traffic but given you are using TOR...you should be expecting that anyway. TOR guarantees technical anonymity, not privacy. You screw up your OpSec and you are screwed anyway. ~