Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
BitBay is a realy neat idea. I am certainly for a free market without boundaries oppresed by governments. But this also brings risks with it. Will BitBay operate in plain sight? If so, wouldnt it be a thread for users and sellers if they break the law in their countries to access the website and do stuff on there? I mean officials can survey whats happening online right?
it is a decentralised market place with no single point of accountability. Yes if you are a user selling stuff you shouldnt you are accountable and if traced you could be fined or punished according to the country you live in.
I don't see how this is an issue. If you do something illegal and get busted thats the risk you take.
Bitbay i think can already run through tor so if they wish to try and hide they can but thats their call.
Dark markets for all things will always exist in some form or other you can never stop them.
Bitbay is aiming at a legitimate market place (but to me that is one tiny use case for bitbay)
Great response maybe even better than mine lol... yeah I think TOR can be tracked actually by controlling exit nodes but maybe the devs would argue otherwise. It is a bad idea to use TOR+Bitmessage or TOR+Bitcoin because it makes triangulating your IP easier supposedly. That is why we recommend only TOR for URL requests.
Also I think Bitmessage is superior to TOR in some ways because to subscribe to a market you share a decryption key and nobody can possibly know you hold that key. And since messages are passed around to everyone and only kept for 2 days people keep passing messages and make it almost impossible to know who sent it. Although it's possible maybe to control a ton of nodes and figure it out?! The suspicion would be speculative as messages hop from node to node anyways. I've yet to see an attack that compromises it.
Triangulating ? ...lol
... i guess this is GM chess brain 🧠 talking ... David must have studied his end games really hard